on competition
Jeff Bezos: “You don’t understand my audience”
When Charlie Rose asks him if the iPad is a “Kindle killer” in this 2012 interview, Jeff gives an incredible response:
“It’s a very different product, and I can give you an example. If I came to you and said: ‘Charlie, I love your... See more
Startup Archivex.com
More heads down, less looking around.
You only compete with one thing
I love this re-framing of competition by Jason Fried: “When it comes to business, I've always preferred the term "alternative" to "competitor" when addressing other options in the market.”
“Traditional competition forces us to take on an attitude of winning. A Worthy Rival inspires us to take on an attitude of improvement. The former focuses our attention on the outcome, the latter focuses our attention on process. That simple shift in perspective immediately changes how we see our own businesses. It is the focus on process and
... See moreI think the first point of treating competitors with an ordinary mind is to see competition as the norm. Don't try to escape the competition, it's a good thing. I don't even think that competition should be ended by doing M&A. We see a lot of companies that eliminate their rivals through M&A becoming complacent and end up slacking off.
Zhang Yiming • Zhang Yiming’s Last Speech: Part II
I've been asked many times some variation of the question "how do you deal with the competition?" There are many answers to this question; in this essay, I want to give one: wait until they die .
Befriending the Goon Squad · Applied Cartography
Gause’s principle (evolution): Two species that coexist and compete for limited resources cannot continue at constant populations – one will eventually push the other into extinction or weakness. It’s the same in business: Without some sort of differentiating edge, companies that directly compete against one another often resemble a death match. I
... See moreMorgan Housel • One Big Web: A Few Ways the World Works
Play your own game where no one can compete with you