The Strategic Formula book is now available. A diagnostic system that names how your business actually competes — and scores where AI threatens to break it.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/strategy-is-a-formula-whats-yours
Learn more at www.ericdnoren.com.
Additional Links:
Buy the Book: https://www.amazon.com/dp/B0H2YV2P8S

A Strategic Breakpoint Analysis of Group 1 Automotive: the public record supports two incompatible diagnoses, and one question decides between them.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/group-1-automotive-strategic-breakpoint-analysis
Learn more at www.ericdnoren.com.
Additional Links:
Strategic Breakpoint Analysis: https://bankshotstrategy.substack.com/p/strategic-breakpoint-analysis

Outcome-based pricing aligns price with customer value, but it quietly separates vendor cost from vendor revenue in enterprise software.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/outcome-based-pricing-enterprise-software
Learn more at www.ericdnoren.com.

A breakdown of how Shopify earns its revenue, why "anti-Amazon" only fits part of the business, and what its growing payments mix means for margins.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/fitness-competitive-analysis
Learn more at www.ericdnoren.com.
Additional Links:
Strategic Formula: https://bankshotstrategy.substack.com/p/strategic-formula-business-model-strategy-advantage

A breakdown of how Shopify earns its revenue, why "anti-Amazon" only fits part of the business, and what its growing payments mix means for margins.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/shopify-payments-revenue-stripe
Learn more at www.ericdnoren.com.
Additional Links:
Periodic Table of Business Strategy: https://bankshotstrategy.substack.com/p/the-2025-periodic-table-of-business
Strategic Formula: https://bankshotstrategy.substack.com/p/strategic-formula-business-model-strategy-advantage

AWS's $50 billion OpenAI deal protects Bedrock, not its compute business, which never depended on OpenAI to begin with.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/aws-bedrock-openai-deal
Learn more at www.ericdnoren.com.

Agentforce hit $1B ARR. It's also dismantling the revenue mechanism Salesforce's subscription model depends on. A structural diagnosis.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/salesforce-agentforce-structural-risk
Learn more at www.ericdnoren.com.
Additional Links:
Strategic Formula: https://bankshotstrategy.substack.com/p/strategic-formula-business-model-strategy-advantage
Strategic Breakpoint Analysis: https://bankshotstrategy.substack.com/p/strategic-breakpoint-analysis

ASML holds a monopoly on the machines that make AI's chips. Nvidia is worth multiples more. The gap isn't about execution — it's about Supply vs. Demand advantage.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/asml-supply-advantage-horizon
Learn more at www.ericdnoren.com.

Traditional pharmacies had the patients, the chronic conditions, and the refill relationships. They never owned the prescription trigger. Hims & Hers did.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/hims-hers-prescription-to-subscription
Learn more at www.ericdnoren.com.
Additional Links:
Periodic Table of Business Strategy: https://bankshotstrategy.substack.com/p/the-2025-periodic-table-of-business
Strategic Formula: https://bankshotstrategy.substack.com/p/strategic-formula-business-model-strategy-advantage

True competitive advantage is rarer than most leaders think. Operational Parity names the gap — and Peloton shows what it costs to mistake one for the other.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/operational-parity-competitive-advantage
Learn more at www.ericdnoren.com.
Additional Links:
Periodic Table of Business Strategy: https://bankshotstrategy.substack.com/p/the-2025-periodic-table-of-business
Strategic Formula: https://bankshotstrategy.substack.com/p/strategic-formula-business-model-strategy-advantage