In Praise of Third Place
Matt Mullenweg of PhotoMatt hightlights again the tendency of a lot of companies to put their focus on market share vs profitablity. He references easily one of my favorite articles of the year from the New Yorker. I referenced it earlier when we first began 901am. It’s a great read if you haven’t already picked it up.
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it’s a quirk of economics, but mature industries almost always level out to 3 players.
ie one company = monopoly, which governments dislike
two companies is a war of attrition, and the industry stagnates
three players offers incentive s for innovation, and keeps everyone honest
of course, as the article suggests, you define your own benchmarks for success
By ggwfung on December 31, 2006 3:04 am
Yep, I agree I think competition is good for business and good for consumers. Ultimately it boils down to pushing the envelop of success because competition causes reason for innovation and sure as hell does keep people honest.
By David Krug on December 31, 2006 3:50 am