Welcome to Business Models Guide
Positive Business Role Models Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Monopolistic Business Models
from:Monopoly is the situation where a single company sells a particular product or service. There are few products or services that are available only with a single seller. Monopoly is simply defined as absence of competition.
It could be because the company has got the product patented. There could also be a monopoly if the company is technologically so advanced that it lacks competitors or it could be simply ruling the market due to the superior quality of its goods or services. There are also natural monopolies. For example, if a particular natural resource is found in a particular area. That naturally makes some more privileged than others for that particular business.
Competition might have different barriers to its entry in the market. Some brands are so well established that standing in competition with those would require some concrete base. Nobody is going for a similar product or service from a new brand when an established brand already exists for that product or service. You may find a few customers, trying to save a few bucks, if your prices are low, but making a mark would be tough. Sometimes, monopoly gives the company the liberty to produce inferior quality or high priced products. Sometimes, monopoly can be illegal, but there are ways to attain a monopoly in the market which is fully legal and ethical.
To have a monopolistic business, you need to have something unique with yourself that you can share with the world. It could be a new invention, a new product. One may even think of buying the rights of some newly invented technology for your product. But these days, even ideas sell. It doesn’t always have to be a product. Next you look for a market. Identify the target customers and the geographical areas where you can find more of them. You can try to get exclusive right of sale of that product or service in those areas.
It is advisable to get a lawyer to make sure that the monopolistic business model of yours does not conflict with any of the government laws and policies. This could help in preventing hassles later. If you look at the history, you will notice that companies following monopolistic business models seem to attract more of legal challenges than other business models. Some are of the view that it is unethical to have a monopoly in the first place. Be prepared for these. Do not think of misusing the monopoly. If you keep the prices reasonable, it would cut down competition and your business will last longer. People do not mind paying the price if the quality is good enough. There have been monopolies that people love.
Positive Business Role Models Specific links
Positive Business Role Models News
Meet Your New Role Models, Are They Worthy? - ChicagoNow (blog)
 Vibe | Meet Your New Role Models, Are They Worthy? ChicagoNow (blog) Yet, I still pride myself on being a role model. While on Facebook yesterday I was bombarded by people asking my opinion of the new Vibe cover highlighting women such as Kandi, Tamar, Evelyn and Chrissy as the new generations elite role models. Evelyn Lozada, Chrissy Lampkin, Tamar Braxton Named New Role Models |
Science and technology: Out of the lab, into the market - Bangor Daily News
Science and technology: Out of the lab, into the market Bangor Daily News Maine is a good place to start a business, she notes, in that our scale makes it easier to connect with individuals and programs that are there to help. The support she got from the Maine Technology Institute and as a participant in the Top Gun program ... |
Guides claim lack of female role models 'could be damaging' - BBC News
 BBC News | Guides claim lack of female role models 'could be damaging' BBC News A lack of positive female role models is damaging the future prospects of girls and young women, Girlguiding UK has claimed. A study of girls aged between seven and 21 reveals many use reality television and celebrities as a blueprint for how they ... TOWIE among shows criticised over 'lack of role models' Teenage girls airbrushing school photos to look like models |
Logan Lake is a busy place - Merritt Herald
Logan Lake is a busy place Merritt Herald The Business Association's executive can't say enough good things about these young people who are such great role models for other students. Last week I told you to mark your calendars because there's so much happening this weekend. |
Travis Daniels sets off-field standard for today's athlete - KCChiefs.com
 KCChiefs.com | Travis Daniels sets off-field standard for today's athlete KCChiefs.com “We don't really have many role models doing positive things in comparison to people following around the guys that are doing the wrong things. “I made it from Hollywood to become a college football player, won a national championship and made it to ... |