To defend against the threat of new competitors, companies depend on barriers to entry within an industry such as customer loyalty, product differentiation, market share, and cost advantage.
Questions to ask include:
Researching the regulatory environment of an industry involves looking at both the regulators and the positions of those affected by the regulations. Look for news from these sources:
A company's intellectual property is often protected by patents on products or production methods. Companies often discuss their patents in their 10-K report. Review Item 1. Business and Item 1A. Risk Factors of the report or search the document with the terms patents or intellectual property. Actual patent documents can be found on the following websites: