What is your own strategy to survive in the oligopoly jungle

Assignment Help Macroeconomics

Reference no: EM133336787

Case Study: After world war II, young Tucker tried to break in the automobile business with his original "Tucker Torpedo" automobile.(You should see the movie"Tucker") But the Big three automobile makers(GM, FORD, and CHRYSLER) formed their own exclusive club, not allowing a new comer to join the club. With a plot(bully tactic, squeeze the capital, or tarnish Torpedo's credibility), they destroyed young Tucker's dream to be a major car maker.

Suppose you are in the same position as Tucker's to break in the Oligopoly market(Big three ).

Question 1) What's your own strategy to survive and prosper in the oligopoly jungle?

Question 2) Is it an good idea to patent his torpedo first and work for the big companies until he accumulates enough capital to compete against big guys? (old saying, if you cannot win over your opponent, try to make your opponent as your friend, then regroup , re-energize and beat it up later) or build your business quietly and slowly outside of Big firms' market territory or radar such as early growth strategy of WalMart in supermarket industry or Google in internet search engine business or what other idea of yours? (0.5 point)

Question 3) 30 years later, another young businessman, named Bill Gates first worked for IBM with his licensed operating system called MS -Dos program (although young Bill Gates originally bought Dos program from somebody else and it became a window). Later he built his own empire called Microsoft.

Despite of the difference of the initial sunk cost between a car industry and a software industry, please compare Tucker with Gates in terms of their business strategy.

Question 4) After over a half century later, another visionary car maker, Elon Musk emerges with an electric car of Tesla. What is a future of Tesla? Could it be the fate of another Tucker? if so, why? Is there any concern about Elon's leadership style such as infamous/bogus tweet about privatizing Telsa without funding, and investing on Bitcoin, cash shortage and delayed product delivery?

or Could it be another successful exception as a new member who survived and becomes prosperous in an Oligopoly corporate club due to another niche market of electric cars, despite growing global competition in electric car market? If so, why?

Question 5) Can you give us another Cinderella company successfully breaking into Oligopoly Jungle in the past and in the near future? Do you think the industry and exchange market of crypto currency (Bitcoin, Ethereum, Coinbase etc.) will be Oligopoly or Monopolistic competition in coming decade?

Reference no: EM133336787

Questions Cloud

What evidence can you provide for your conclusion : what is known about the multiplier, do you think the government took the appropriate response to the Great Recession? Was the fiscal stimulus response

How can i better understand the output and exchange rate : How can I better understand the output and exchange rate in asset market equilibrium. I have no idea how equilibrium is initially begun, and how shifts/movement

Explain an alternate dispute resolution : Alternative Dispute Resolution (ADR) methods have been developed to speed up and reduce the cost of dispute resolution.

How do organizations effectively use performance appraisals : How do organizations effectively use performance appraisals to improve individual job performance, and what are the limitations inherent in the use of various

What is your own strategy to survive in the oligopoly jungle : What's your own strategy to survive and prosper in the oligopoly jungle? Despite of the difference of the initial sunk cost between a car industry

What you learned that can: help you in your current job : What you learned that can: Help you in your current job Help you achieve your career goals Make you a better leader

What types of language skills and cultural competencies : What types of language skills and/or cultural competencies are important to the field of HRM / international HRM?

Project management analytics data-driven decision-making : Consider the key topics covered in this course: Project Management Analytics Data-Driven Decision-Making Project Management Framework Statistical Fundamentals.

Review the implementation of two project processes : review the implementation of two project processes continually during the project life cycle. You must conduct three reviews for each project process

User Account

All Pages