Striving To Be A Monopoly

The basic challenge

• You need to find a company that nobody is building in the moment.
• Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.

Why monopolies?

• Whereas a competitive firm must sell at the market price, a monopoly owns its market
  • Set its own prices and maximize profits
• It’s better to be the last mover
  • Make the last great development in a specific market and enjoy years or even decades of monopoly profits

LOK: 4. Management
RL: Zero to one
IDEAS: Monopolies