There are only a few people in this world who enjoy monopoly in their industries. Carlos Hemu, Microsoft, Google, all middle east royal families and George W. Bush enjoy it to an extent that there exists no competition and no threat in near future. For purpose of this blog, I will stick to Microsft and Google - my all time favorite topic.
Monopoly exists in industries due to an entrepreneur's unique vision and industry leadership. Microsoft had the unique vision of PC's and its implementation on a marketing and strategic point of view was undoubtedly the best ever we had. All those guys who hate Microsoft cannot help acknowledge this fact.
Google on the other had a very simple vision to remain simple. Thi was google what it was in the beginning but just after that, they grew from strength to strength. Page ranking improvements, web page crawling, shadow programming, google maps, ok I can talk about google's history and features forever. They changed how internet is used forever. Today, in the business field, they are best known for their unique revenue model for AdSense and AdWords.
Yes, there have somethings in common - innovation, untapped opportunity, growing market, absence of competition and CRITICISM.
We forget to realize these companies are successful for the same reason they are criticized for.
Microsoft has a policy of a fixed license fee per machine for the OS. It costs them less than a dollar to make one additional copy/license (marginal cost =0). And the product life is 3-5 years after which the product is replaced by the whole Industry and is deemed to be accepted as a standard everywhere. Its an ongoing stream of revenue which cannot be stopped in a day.
Google took the unique privilege of killing privacy. The success in the later years came to Google not just because of its improved algorithms but success to create bots/robots to read, interpret, execute information about a user in the way it wants and take advantage of the user's RELIANCE on Google. They kept integrating and innovating, resulting in a vast monopoly which was thankfully cut short by a fraction by the Chinese govt.
Today, it is hard to imagine life without Google and Microsoft. There is lot to learn from Bill Gates and Larry Page but what stands out it the acceptance of user after all harsh criticism due to absence of a suitable alternative product. In a world of free trade and free laws, there exists no competition and the entire trillion dollar industry rests on what these companies have to exhibit.
Shashank