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

Element 25. Preemption and Domination > Practical Experience—This Deserves the ...

Practical Experience—This Deserves the Minimum Weight of 1

New ventures often succeed without being able to preempt and dominate the market. However, if you can preempt and dominate the market, you will stand a much greater chance of success. Note that all conversations about patents are premised upon notions of preemption and domination. If you cannot preempt and dominate your market, even if it consists of a Coin-Operated Laundry in your neighborhood, perhaps a different opportunity should be considered. Note too that preemption and domination can come and go. Once lost, there is no reason why it cannot be regained.

Dr. Market’s Observation:

Now for a sobering thought: Once your little business reaches a level of material scale, your preemption and domination could inspire some district attorney to review your compliance with antitrust laws. Be careful. In the beginning, this element is all about beefy and robust margins. In the end, this element could spell trouble. See “Game Caution” below.



PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


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