Business Strategy and Outlook
| Zain Akbari |With a journal unit consisting of must-have titles facing little direct competition, as well as deep relationships with academic institutions, researchers, and corporations, we believe Wiley has a wide economic moat. The switching costs inherent in its journal, online degree program management, and corporate learning efforts add to its standing. However, the ongoing shift away from educational books, particularly textbooks, leads us to believe Wiley’s position is deteriorating.