My next two articles will be about a special characteristic of strategic positions called “holding power.” Holding power determines the“stickiness” or “slipperiness” of our positions. It describes how hard or easily we can move out of a position. We call sticky positions, those with a maximum of holding power, “fixed positions." Sticky, fixed positions are relatively stable. Slippery positions, those with a minimum of holding power, are called “sensitive positions.” We use these two benchmarks to compare opportunities. In this article, we are going to discuss the nature of sticky, fixed positions.