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
Mike McGuinesstwitter.comQ: 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
If you are going to take your eye off the road and spy on your competitors, do so to find value opportunities. Exploited weaknesses are where brands are born. What are they doing wrong? Where's the inefficiency?
MJ DeMarco • The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
Inside a firm, people become obsessed with their competitors for career advancement. Then the firms themselves become obsessed with their competitors in the marketplace. Amid all the human drama, people lose sight of what matters and focus on their rivals instead.
Peter Thiel, Blake Masters • Zero to One
I do want to talk to people who evaluated our software and then decided to go with a different product instead. I want to know why they did. "Well, one of your competitors has a wiki built in." OK, maybe we'll have some kind of wiki integration. But, again, that's something I would hear from our customers and not from paying any attention
... See moreJessica Livingston • Founders at Work: Stories of Startups' Early Days
Zoom out. As Patrick Collison said when describing his admiration for Jeff Bezos to Ezra Klein:There’s something quite deep about the notion of using time horizons as a competitive advantage, in that you’re simply willing to wait longer than other people and you have an organization that is thusly oriented.
notboring.co • Compounding Crazy
Your job is to study the competition and understand exactly why they are succeeding in the first place.