Let me pick market leaders like Tesla, Amazon, Google, and Starbucks. All four have been market leaders in their business segments for some time. Tesla has built a unique product that competitors like the traditional auto companies have not been able to match in terms...
Starbucks, Tata companies, and Walmart are some companies that evoke trust. The trust has been built over time by providing their customers with products and services that are consistent and reliable. It will be wrong to conclude that these companies do not make...
Yesterday, it so happened that I was invited to speak to a group of senior government bureaucrats on this very subject. Most questions concerned the nature of the private sector and how government bureaucracies should evolve to meet citizen needs. Public...
Any enterprise’s success depends on its ability to maintain a competitive advantage over its peers. Growth is the essential ingredient to maintaining a competitive advantage. Competitors tend to copy the practices of successful businesses. They will hire experts...
In the Freemium business model, users only pay if they need advanced (premium) features if they require these to improve revenue growth and transform their ventures. The term Freemium is a combination of the words ‘Free’ and ‘Premium.’ Most users begin a relationship...