• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Element 25. Preemption and Domination > Relevance—Why Add This Element?

Relevance—Why Add This Element?

Competition is a wonderful thing...if you are on the buy side. Choices, prices, features, benefits, flexibility in terms, attentive suppliers, and the promise of life ever after flow from a lively competitive market, particularly if it is hosted by a vibrant democracy. However, if you are on the sell side, preempting and dominating a market could mean the difference between a successful business and bankruptcy. The entrepreneur must consider the possibility of preempting others from sharing the bounty of his or her idea. The higher that possibility, the more likely the company and its products will persist in the face of a determined competitor. If there are already others in the market, it is too late for preemption, but there is still a chance for domination—can the new venture dominate the market? This element indexes your chance of succeeding.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint