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

Ancestry's traffic is down 40% while revenue holds. That combination isn't good news — it's the signal subscription businesses are worst equipped to see.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/ancestry-subscription-traffic-decline
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

The 2026 martech contraction was architectural, not competitive. Learning-Loop Economics explains why. The AI Susceptibility Index names what's next.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/martech-cull-2026
Learn more at www.ericdnoren.com.
Additional Links:
AI Susceptibility Index: https://bankshotstrategy.substack.com/p/ai-susceptibility-index-how-to-assess-and-mitigate-risk
Learning-Loop Economics: https://bankshotstrategy.substack.com/p/learning-loop-economics
Chiefmartec Landcape Report: https://newsletter.chiefmartec.com/p/here-s-your-ungated-copy-of-the-state-of-martech-2026-report

"Platform" accurately names a class of business. It doesn't tell you whether two companies share a business model, a strategy, or a competitive advantage — or what happens when those advantages cancel against each other. A structural decomposition using Amazon, Uber, Apple, and Facebook.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/what-platform-doesnt-explain
Learn more at www.ericdnoren.com.
Additional Links:
Strategic Formula: https://bankshotstrategy.substack.com/p/strategic-formula-business-model-strategy-advantage

Most AI visibility failures happen after retrieval. Learn why 85% of retrieved pages are never cited — and how a five-stage pipeline explains what SEO practice can't diagnose.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/retrieval-is-not-citation-ai-visibility-pipeline
Learn more at www.ericdnoren.com.

A functional comparison of the major strategy frameworks — diagnostic, growth, business model, execution, and integrated systems — and how the Strategic Formula System addresses the integration gap they share.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/strategy-frameworks-comparison-strategic-formula-system
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
AI Susceptibility Index: https://bankshotstrategy.substack.com/p/ai-susceptibility-index-how-to-assess-and-mitigate-risk
Learning-Loop Economics: https://bankshotstrategy.substack.com/p/learning-loop-economics
Strategic Breakpoint Analysis: https://bankshotstrategy.substack.com/p/strategic-breakpoint-analysis

Every AI approval contains a second decision no one makes explicitly: which human judgments to eliminate. That gap between accountability and evaluative capacity is a governance failure, not a technology risk.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/who-is-responsible-for-knowing-when-system-is-wrong
Learn more at www.ericdnoren.com.

Strategy frameworks compress reality into teachable patterns — but the territory they can't reach is where outcomes are actually decided. The case for AI-augmented strategy.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/edge-of-every-strategy-framework
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

Nvidia's CUDA moat isn't a fixed asset — it's a forward-accumulating condition. A Strategic Breakpoint Analysis of the failure mode hiding inside AI's dominant infrastructure franchise.

Read the full article on Substack: https://bankshotstrategy.substack.com/p/nvidia-cuda-strategic-breakpoint
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

Sportsbooks have no moat. Prediction markets do — but one Supreme Court ruling could erase it. A structural analysis of the regulatory fight over wagering.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/prediction-markets-vs-sportsbooks
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