In ancient times, Babylon was one of the richest cities in the world. It is interesting that money, promissory notes and ownership documents have been invented in this city. Did you know that Babylon became a rich city in the past without any natural resources?
Maintain the position of large companies
This is an irony for companies, which use a lack of resources as an excuse not to do things. The next point is that you must be able to maintain the position you gain. But now where is the glory of Babylon? That’s right, it’s gone! The important thing is that the knowledge and experience of Babylon remain and we can use them.
Have you ever wondered what happened to a great company like Kodak? And what caused this giant of the photography industry to go bankrupt? There has been a struggle between Coca-Cola and Pepsi for years, did you know that Coca-Cola sells for twice as much as Pepsi on average? Coca-Cola ranks first and Pepsi second.
The main problem for companies is that they think that by saying we are the oldest, we are the biggest, and they come first. You can be the highest quality, the most lucrative and most profitable company. And while being avant-garde, be the first to introduce a new and advanced product to improve the community.
Do you think Coca-Cola could be so powerful if it operated outside the beverage industry? Remember that the biggest rule of business is to stay focused.