Applying Strategic Lock-In, discuss what the size or market dominance is.

Companies measure their ultimate success once they become the key player in the market. The strength of the brand, product, and service bestows a great opportunity to achieve dominance. Majority of companies that dominate the market command a great volume of sales within the market area. The businesses regularly engage in aggressive tactics by developing innovative measures to maximize customer satisfaction to ensure their customers remain loyal to the brand.

Boeings freight has depicted the innovative and most luring distinguishable features in their jets. The airline manufacturer includes different categories of freight services to maximize its sales in the territory it already operates. The airline has developed a special division to handle a niche of high-rank individuals in the market. The Qatar airways cargo freight is refreshing its operations by considering Boeing as the most suitable partner.

The Boeing freight 777x is expected to increase the company’s market domination in the cargo airline business. Airbus hit the momentum in the cargo realm by launching the A350 freighter. Air France and Singapore took an interest in it and are anticipated to fly as early as 2025. Companies tend to avoid a situation of perfect competition in the market as profits tend to be below. The majority of businesses strive to become a dominant players in their market.

The air cargo business presents an opportunity to increase market share, improve revenues, and strive for market dominance. The Airbus A350 freight is likely to offer Boeing 777x in the company’s market share. Nonetheless, the prevalence of complaints on paint quality on Airbus airline might sway the market towards Boeing. This situation is likely to increase the market share of Boeing as they seek to dominate, improve sales and attract more customers to yield profit.

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Academic.Tips. (2023, February 12). Applying Strategic Lock-In, discuss what the size or market dominance is. https://academic.tips/question/applying-strategic-lock-in-discuss-what-the-size-or-market-dominance-is/

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Academic.Tips. 2023. "Applying Strategic Lock-In, discuss what the size or market dominance is." February 12, 2023. https://academic.tips/question/applying-strategic-lock-in-discuss-what-the-size-or-market-dominance-is/.

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Academic.Tips. "Applying Strategic Lock-In, discuss what the size or market dominance is." February 12, 2023. https://academic.tips/question/applying-strategic-lock-in-discuss-what-the-size-or-market-dominance-is/.

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