The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.
Plenty of people believe that Henry Ford invented the automobile. He didn’t, of course. It had been around for almost two decades by the time he founded Ford Motor Company. His genius was in his assembly line.
But he didn’t invent the assembly line, either. Breaking down a product into its component parts and having a person specialize in creating that one piece (instead of building the whole thing, like a blacksmith or a carpenter would have in medieval times) was what launched the Industrial Revolution in England.
In fact, some historians point to the Venetian Arsenal as possibly ...