If you’ve read the Wall Street Journal recently you’ve noticed an article on billionaire Carlos Slim titled ‘The Secrets of the World’s Richest Man’. Carlos Slim it controls more than 200 companies in México and his fortune represents 71% of the new public companies, allowing him to oust Bill Gates as world’s richest person as of August 2007.
Mr. Slim is a modest man because he doesn’t feel any richer just because he is wealthier on paper, but it’s also a man in contradiction. He says he likes competition in business, but blocks it for convenience. He likes talking about technology, but it prefers pen and paper to computer.
Slim(is worth at least $59 billion) and Gates(is worth $58 billion) they have achieved a great success because they have had a substantial influence in the major industries not only by governments but a large target market. After the depths of financial crisis in early 1980s in Mexico , while Slim has developed important deals, with the win for the privatization of the state monopoly in the Teléfonos de México (Telmex), Telcel and América Móvil companies, Gates founds Microsoft Corp. and has success dominance in the area of desktop operating systems.
Monopolies for a lot time they are been a feature of Mexico’s economy. But before, politicians have blocked the big business to ensure that the business class didn’t threaten their power. Essentially, one of important strategies that did the success of these two giants is how their have reinvested their finances on new businesses models.
Here are other easy strategies you can use to find weaknesses in your own business models and improve your market position.
Get an Innovative ideas. revitalizing an existing pattern, or constructing a strategic project.
Establish market trends and information on your competitors. Information about your competitors can give that advantage into economic opportunities.
Building a mass audience. Increasing online traffic of end users is valuable even without circulation revenue.
Regulate the Flow of Information retrieval and storage and extend your business or site reach by having special agreements with prominent publishers.
Protect your Technology. Safeguarding your patents and source code may also be a key to ensure the continuance of any monopoly you’ve developed in a specific field.
Maintain the secrecy to your information and to improve and boost the efficiency of services.
Interactive networking. Maximize general-interest of news, information through interactions.
