Start a Biz Strategy: Corner the Market

Posted by Heathervanw under Strategy
From http://careerfuel.net 4127 days ago

Robert Taylor owned a small soap company called Minnetonka. He had a great idea but needed to figure out how to protect it...

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Comments

Written by Heathervanw
4127 days ago

Harry,

Very good points. So glad you weighed in and added to the perspective.

AnnMarie

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Written by AngelBiz
4127 days ago

AnnMarie - Interesting idea. Apple has followed this strategy for some time by cornering key components such as LCD glass and memory for their iPod and iPhone devices.

I would caution that unless you are willing to commit large amount you may not be successful in implementing this strategy. the supplier will want a very large commitment from you to keep you as sole customer. Also, with large number of suppliers available on a global scale it is becoming increasingly difficult to corner a market.

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Written by BizRock
4127 days ago

With a business plan you will be much better prepared and know whether or not your business idea is feasible. Thanks for this information, I find them very useful.

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