What are the sources of dominance?
Sources of dominance.
A few market leader enjoy Monopoly in the market.Bennett to remain alert all the time for maintaining their leadership position.
Following are the sources of dominance
Develop own product or services.
Identify external forces.
Provide value and solutions.
Communicate with market.
Establish credible talent.
Implement cost leadership strategy.
And competitive analysis are the sources of dominance.
With dominating you can make your business more successful.you
should continue to develop your business in order to maintain the
competitive advantage. Improve your product and services before
your competitors do. Just because your business is successful
doesn't mean it possesses the elasticity necessary to survive in
the long term.
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