Takeaway #151:Sen Dog knows what he is talking about and he will certainly be there for his and your kids. This is a long range game not a short-term Bertrand model of downward spiral price-cutting. If you are in it for the long run and a continued share of the monopolistic profits for you and your successors, you need to build a sustainable model and avoid a colossal failure with short term profit thinking. Be strategic, not simply tactical – today and in the long run.
Ironically, however, sometimes being strategic requires thinking functionallly, but acting strategically (ClickExtra 2below)