How to outdo competition through acquisitions

[Augusta]

As a business owner you can obtain favourable market share and even outdo your competitors through acquisitions. in present day, companies can buy outdo its competition via acquisition.

This act of acquisition by a business can be done in two ways one of the ways is about a business taking its competitor out of the market by buying over their company or business to enjoy all its market share. With this acquisition the buying company will enjoy dominance in the market, develop new products, and easily grab the loyal customers of the bought company to expand.

Second way of acquisition is to scout for key employees in competitor companies and lure them out to theirs with higher pay or position to have them around to help with market dominance.

 

[moonchild]

Yes, acquisition is how you become a monopoly, in business there's always a competition, that's what set business apart and that's how free market is created, you come to the market offering value and someone will also come along with the same products or services offering the same thing, the only thing that will separate the both of you is the kind of value you offer and how you help other people.

But with acquisition you can actually kill the competition and be the single monopoly in the business, you can also work out a joint ventures with other competitors that will be a win win between your businesses.