Achieving market dominance often involves a combination of strategies:
1. [Innovation](href): Introducing new and innovative products or services can set a company apart from its competitors. 2. Cost Leadership: Offering products or services at a lower cost can attract a larger customer base. 3. [Differentiation](href): Creating unique value propositions that appeal to specific customer needs. 4. Customer Loyalty: Building a strong brand and cultivating customer loyalty can ensure repeat business. 5. [Mergers and Acquisitions](href): Acquiring competitors can increase market share and reduce competition.