Re:Car dealerships revert to pens and paper after cyberattac...
by tmpz22 on Monday June 24, 2024 @12:21PM
(#40777929)
Enterprise vendors have gotten better at locking in customers on multi-year contracts which takes away some of the biggest upside to chipping away at the market. Often a challenger will come in and snag a few smaller deals but the Monopoly has a plethora of options to swat it away - rev up their larger more experienced product team to compete, lobby for regulation, poach from the challenger, acquire the challenger, tank prices in the one area the challenger has traction, and much more.
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Re:Car dealerships revert to pens and paper after cyberattac...
by lainga on Monday June 24, 2024 @12:26PM
(#40778005)
I read a particularly disgusting book called "Competitive Strategy" by Michael E. Porter, that plainly explains how and when to carry out each of the monopoly-preserving actions you have listed
Re:Car dealerships revert to pens and paper after cyberattac...
by HeyLaughingBoy on Monday June 24, 2024 @02:08PM
(#40779032)
From what (little) I know, Porter's generally considered to be the expert on Strategy. What did you find disgusting about the book?
Re:Car dealerships revert to pens and paper after cyberattac...
by lainga on Monday June 24, 2024 @02:22PM
(#40779177)
I guess we are coming from different worldviews. These were IIRC collectively referred to as "retaliation" by the incumbent firm and none of them sat very well with me as conducive to innovation.
- lobby for regulation
- poach from the challenger
- tank prices in the one area the challenger has traction
I believe Porter also mentioned trying to secure vendor lock-in.
Re:Car dealerships revert to pens and paper after cyberattac...
by n4r9 on Tuesday June 25, 2024 @05:43AM
(#40786407)
Not familiar with Porter, but being an expert doesn't necessarily make you ethically untouchable. Warren Buffett for example is well known for investing in companies with aggressively anti-competitive behaviours.