Mentor CEO Wally Rhines gave a keynote presentation at the recent U2U event and, once you connected all the dots in the presentation, he seemed to make a startling suggestion: that industries with monopolies are more efficient than those with many competitors.
Of course, that’s not exactly how he said it. Rather than talking in terms of monopoly versus competition, he worded it as specialization versus generalization, and the point is that specialization is more efficient.
He used Alcoa as an example. At one time, there was no one but Alcoa for … Read More → "Monopoly as the Efficient Model"