Bankshot Strategy - Audio Briefs

Supply advantage looks like one condition, but AI can now learn the half of it that used to survive because nobody could write it down.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/supply-advantage-ai-moat
Learn more at www.ericdnoren.com.
Additional Links:
Buy the Book: https://www.amazon.com/dp/B0H2YV2P8S
Periodic Table of Business Strategy: https://bankshotstrategy.substack.com/p/the-2025-periodic-table-of-business

This audio presentation was generated using AI from the author’s own voice.

Spotify is the only music streaming service that has to win on music. Apple, Amazon, and YouTube built theirs into something else entirely.
Read the full article on Substack: https://bankshotstrategy.substack.com/p/only-spotify-competes-on-music
Learn more at www.ericdnoren.com.
Additional Links:
Buy the Book: https://www.amazon.com/dp/B0H2YV2P8S

This audio presentation was generated using AI from the author’s own voice.

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.