Depending upon resource and ability to commence persistent competition then create competitive advantage is the idea of establishing and developing competitive strategy for an company in 21 centuries.

凭借资源和能力展开持续不断的竞争并创造竞争优势，这是21世纪企业制定和实施竞争战略的共识。

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Known as the "Sage of Omaha" for his investment success, Mr Buffett has historically left existing management in place, preferring good businesses with what he calls a "moat", a persistent competitive advantage, to prospects for a turnround.

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