Q: How much should I worry about what my competitors are doing? Here are a few of my favorite quotes from Jeff Bezos, Eric Schmidt, Larry Page, and Paul Graham on why companies shouldn't focus on their competitors. Bezos also sums it up perfectly in the video clip below. “If… Show more
Brian at Reforge says: One of my strong beliefs is that startups should rarely think about competitors and most should think about alternatives. Alternatives are the other ways your target audience are solving the problem today. If you focus on competitors, you are likely to make three critical mistakes: 1. You Will Lack Differentiation - When comp
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My guess is that Amazon’s success is a byproduct, a side-effect of a process driven, flexible, in-the-moment way of being. In the famous 1997 letter to shareholders, which lays out Amazon’s philosophy, Bezos says that their process is simple: a “relentless focus on customers.” This is not a goal to be strived for, worked towards, achieved, and the
... See more“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people, because very few companies are willing to do that.... See more
“At Amazon we like things to work in five to