In present corporate, the focus is now shifting from competition to pure domination. Each corporate irrespective of the industry in which they are operating wants to dominate the industry and want to be on top position only without any nearby competitors. Just consider few companies who are right now dominating the entire world without any competition, Facebook, it is in the social media industry but do you think it has any competitor? Alphabet (Google) is dominating the entire world in the last two decade without any competition, Apple, Microsoft, PayPal and many more are there. These companies are able to achieve domination because they have kept the focus on 4 key aspects of the organization which has given them the power to dominate.
This four key pillars which will decide whether you will take your company to dominate the industry or will remain competing with others. As an entrepreneur you must need to achieve the highest level of success and finances, to achieve that you must need to dominate the marketplace where you are by focusing on this 4 essential factors:
1. Knowledge power
In past corporates were running based on finances and influences but now since last 3 decades, the entire shift is toward knowledge. The present corporate world led by knowledge workers and leaders. If you have the knowledge, you can bring finances to your firm and then use them for expansion for your company, at the same time you can create influence in the market. But just having finances and influences without having knowledge will not help you to grow your firm or survive in corporate for a longer period of time. Knowledge is the intangible asset for any organization. The greatest commodity for this century will be “Knowledge”. Two richest men on the earth Jeff Bezos and Bill Gates, are part of the IT industry which is only Knowledge-oriented. You need to get knowledge and also bring people with knowledge to dominate the business. It is also required that you update knowledge by getting proper training and work under mentors who can guide you whenever required...