Capitalism

Vanguard studies competitive strategy as the discipline of choosing where to win, how to position, and what advantages to build over time. This section covers differentiation, market power, strategic tradeoffs, moats, disruption, category creation, and the choices that determine enterprise strength.
Competing in the New Era of Industrial Policy: Strategy Beyond Free Markets
Competing in the New Era of Industrial Policy: Strategy Beyond Free Markets
Industrial policy has returned to the center of corporate strategy. As governments use subsidies, tax credits, procurement rules, export controls, tariffs, investment screening, and infrastructure spending to shape strategic sectors,... Read more...
Geopolitics of AI: Navigating Sovereign Strategies and Global Competition
Geopolitics of AI: Navigating Sovereign Strategies and Global Competition
Artificial intelligence is becoming a contest over far more than model performance. In 2026, AI strategy is increasingly shaped by national power, compute access, semiconductor supply, energy capacity, data governance,... Read more...
Change Fitness in the AI Era: Organizing Strategy for Rapid Adaptation
Change Fitness in the AI Era: Organizing Strategy for Rapid Adaptation
AI advantage will not come from tools alone. It will come from organizations that can absorb new technology, redesign work, and adapt faster than the market changes around them. This... Read more...
The Power of Strategic Centering: Building Enduring Advantage in an Intangible Economy
The Power of Strategic Centering: Building Enduring Advantage in an Intangible Economy
In an economy defined by software, data, platforms, services, intellectual property, and customer experience, advantage is no longer built by scale alone. Companies must be able to adapt without drifting... Read more...
Transient Advantage Revisited: Winning Through Continuous Reinvention in 2026
Transient Advantage Revisited: Winning Through Continuous Reinvention in 2026
Sustainable competitive advantage is becoming harder to defend in a world shaped by AI, intangible assets, sustainability pressure, and faster imitation. This piece revisits Rita McGrath’s concept of transient advantage... Read more...