A High Trust Strategy in a Low Trust Industry
Differentiation. It’s one of the two generic competitive strategies. You’d think it’s a no-brainer. If everyone sells coffee in supermarkets based on price, invent Starbucks. If water is free from the faucet, invent Perrier. If fund performances are undifferentiated, invent index funds. So, if your industry ranks near the bottom in trustworthiness – why not invent […]