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Business strategy
The Best Business Strategy
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[QUOTE="Mika, post: 268115, member: 29399"] Do you know what the best business strategy is? Well, in my opinion, the best business strategy is to create a monopoly. What is monopoly exactly? Monopoly is the “absence of competition.” In other words, when there is no similar business or product in the market, it is a monopoly. When there is no competition, you have full control over the market. How can you create a monopoly? By selling unique products, you can establish a monopoly. If you create a product that no other business has created, you will have full control over the market. How long can you create a monopoly in the market? Monopoly will not last long because a similar, or even better, product will emerge soon because other businesses also want to have a share of the pie. If you don't believe me, look at the mobile phone companies and the mobile phone market. For a long time, Nokia had a monopoly, and then came smartphones like Samsung and Apple. Until recently, they had no competition, however, now new companies have grown tremendously. [/QUOTE]
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