Failing sometimes is inevitable unless one is protected from competition by regulation or entry barriers.
According to Michael Porter, Harvard Business School professor and author, being biggest meant you had created entry barriers that kept your turf safe.
NaiLab is based in Nairobi and tries to lower the entry barriers for ICT entrepreneurs who want to start and scale their businesses in Kenya.
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Yet these options are denied to large sections of the economy due to entry barriers from licensing requirements and regulatory hurdles that systematically disadvantage small, new firms.
Even Russia and China, whose technology sales to dubious regimes lowered the entry barriers to the long-range missile business in the first place, have agreed to talk.
The WTO, UNCTAD, World Bank and OECD continue to monitor progress countries have made in reducing tariffs and liberalizing trading systems, including reducing entry barriers in key sectors.
It is the only economic resource that cannot be transferred across corporate boundaries, and, therefore, the ultimate source of competitive advantage in global industries where imitation, market saturation, and lower entry barriers quickly eliminate market rents.
Crazy as it sounds, even though venture capitalists stand to benefit individually by reduced capital gains taxes--partners split 20% to 30% of a fund's profits--the reduced rates would also lower entry barriers for new competition in the form of angels and corporations.
Europe's problem is not so much barriers to entry as barriers to expansion: notably, job-protection laws that clearly discourage new hiring.
If manufacturing and distribution are no longer barriers to entry, the scary question for the record companies is whether any other barriers to entry remain.
We used to talk about creating barriers to entry in business but in the new web, the barriers are clearly so absolutely minimum that cloning has emerged as a viable though distasteful part of the game.
For one thing, barriers to entry appeared to be artificially low in the past decade.
Yet banking is supposed to be a fiercely competitive market, with low barriers to entry.
In other words, the barriers to entry in many market segments are prohibitively high.
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But by lowering barriers to entry, disruptive technologies create expanded opportunities for experimentation and innovation.
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By reducing the barriers to entry for manufacturing, 3D printing should also promote innovation.
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Consoles have tended to be much more closed ecosystems, with high barriers to entry.
Government can also grant monopoly status, barriers to entry and protection from foreign competition.
Uncovering that mispricing may require specialised knowledge that few investors possess, creating profitable barriers to entry.
Barriers to entry are very high, with a handful of participants dominating the market.
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And it has to show that there are significant barriers to entry in the business.
All the same, the barriers to entry for new handset-makers are getting ever lower.
It has what economists call increasing returns to scale and huge barriers to entry.
Ma Bell is long gone, and so are most oligopolies with high barriers to entry.
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Not all the effects of the lowering of the barriers to entry are bad.
Indeed, barriers to exit sometimes seem greater than barriers to entry in the European car industry.
In search, Google is now vulnerable because the barriers to entry to its market are low.
The search engine market is a dynamic marketplace with little to no barriers to entry.
If anything, the lower the barriers to entry in the business, the more size matters.
Be wary of REITs that have bet big on suburbs with low barriers to entry for developers.
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