What is a moat in business?
A moat in business refers to a competitive advantage that a company has over its rivals that is difficult for them to replicate or overcome. Just like a medieval moat protected a castle from invaders, a business' moat can protect it from competitors. This could be in the form of brand loyalty, economies of scale, proprietary technology, or high barriers to entry. Companies with strong moats are often able to maintain their market position and profitability over the long term.
This mind map was published on 28 December 2024 and has been viewed 27 times.
