According to Warren Buffet, an economic moat is a distinct advantage that a company has over its competition to protect its market share and profitability. Often, this is a hard-to-duplicate advantage (e.g., brand identity or company culture) which makes it that much more effective. What is the moat for tech companies?
Most Silicon Valley companies (especially FAANG, or Facebook, Amazon, Apple, Netflix, and Google) have access to the same recruiting tools (computers, LinkedIn, Indeed.com), yet have been able to build high-performing teams. The RPE (revenue per employee) for Apple is about $2M/ employee, while FB stands around $1.4M/ employee. This far outstrips most organizations, and they have been able to do it with the same overall talent pool.
How has Silicon Valley built a recruitment advantage over legacy companies? Know more about it in this presentation by Ankur Jaiswal from PerkFix, and learn how you may be able to drive people change at your own organization.
Ankur Jaiswal helps companies build products that customers want and are delighted to use, starting with a go-to-market strategy to find a product/market-fit. He is a design & strategy conscious product manager with a demonstrated history of working in e-commerce, telecommunications, consumer electronics, and financial services. He has previously worked at Google, Accenture, and Wells Fargo, and brings over a decade of experience to the table.