Aug 03 2008
Asset Management
The financial services industry is highly competitive. If the company is the only company that offers something – has succeeded in wining what is called in Game theory, the Zero Sum Game – then everyone has to buy from that company, meaning the company will grow larger, and profit a lot. For example, if there was a company called Chippies and it was the only company that offered corn chips with exotic flavors, then everyone would have no choice but to buy from them. This would result in huge profits for Chippies. In the real world of business, though, there are usually many large competitors like Frito Lay and Wise as well as many smaller local competitors some who might be able to get loans from F&C Asset Management companies.
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