This is the most important takeaway for me! We live in an era of true megacorps, and as we've seen, even "minor" ultra-wealthy corporations like Valve can completely transform a market if they...
If a firm can pick an area and make it an area of comparative advantage, saying that the firm should choose to concentrate on its comparative advantage(s) isn't very helpful advice.
This is the most important takeaway for me! We live in an era of true megacorps, and as we've seen, even "minor" ultra-wealthy corporations like Valve can completely transform a market if they want to. I would be really surprised if we didn't see companies like Microsoft working with e.g. SiFive or other chip designers in a few years, even though that's not their "core expertise" or whatever.
This is the most important takeaway for me! We live in an era of true megacorps, and as we've seen, even "minor" ultra-wealthy corporations like Valve can completely transform a market if they want to. I would be really surprised if we didn't see companies like Microsoft working with e.g. SiFive or other chip designers in a few years, even though that's not their "core expertise" or whatever.