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Building a Network and Maintaining a Lead
When facing competition, it's important for businesses to strategically build a network or platform that enables an entire ecosystem to help serve the end market. By focusing on creating a network of networks and enabling others to enjoy the success of the market, a company can maintain a lead. This approach creates a moat around the business but also fosters a collaborative environment for multiple companies to thrive together. Transitioning from being a technology company to a platform company can further solidify the lead in the market.