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April 29, 2005
Face to face with the sharks
What do you think about competition? Do you think that your competitor needs to be smashed, eliminated, erased, bullied?
Or do you believe that competition and cooperating with your competition could also have advantages?
I believe that it is good to have competition. If all the competitors beat the drum, the market is growing. I wouldn't be the only one who has to take care of the awareness of my services. The challenge then would be to raise my own standards above the competition, become more valuable to the customer than my competitor. This raises the overall bar, is challenging and in the end of the day, it benefits the customer.
"New research suggests that not only is it possible to make friends with your competitors -- it's advisable. No matter how competitive their industry, rival CEOs who form friendships are at a distinct advantage over those who go it alone."
A great confirmation of my own thinking. However how is the Asian environment? Is competition here in Asia laid out in such a way that smashing the competition is seen as the only way forward?
Posted by Andreas at April 29, 2005 11:41 AM
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