Do you believe that competition does more good than harm in today’s business context? It may sound contradictive, but apparently, yes. In fact, many of those start-ups who have managed to survived competitive pressures decades ago turned out to be the most successful businesses nowadays.
From Apple, Google, and Facebook to Netflix, Amazon, and Toyota, many of today’s biggest brands grasp competition as an opportunity, rather as an obstacle to showcase the best that they can offer to their market.
This means that regardless of how aggressive the competition in your industry today, this could make your business perform much better and smarter, allowing you to outgrow your competition sooner than you expected.
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