this post was submitted on 07 Jun 2024
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Thats funny - business major here and gone over none of that. Well, I lie. You can profit max when you are a monopoly or in a monopolistic market - when potential customers have significant alternatives, competition and low disposable income.... be damn sure you have a great differentiation strategy.
Managing risk, understanding your market and operating across multiple countries however - lots of lessons not applied.
Maybe they just thought they had a monopoly.
Then they should have done a better competitor analysis.... I'd have done it for 10% of what they actually lost on it.