Chapter 6. Bad Competition
Competition is the keen cutting edge of business, always shaving away at costs. | ||
| --Henry Ford | ||
Definition
Competition in the context of new enterprises is normally a problem (however, don’t forget the discussion of “good” competition above). In this case, competition is from a firm with robust resources, solid talent, a penchant for quality strategic management, excellent products, and a large and adoring clientele. This would be the quintessential “bad” competitor, that is, a person or enterprise who will simply devour your customers because they are truly gifted and blessed in running the business against which you are attempting to compete with your precious resources.
Relevance—Why Add This Item?
In every sense of the ...
Get Will It Fly? How to Know if Your New Business Idea Has Wings…Before You Take the Leap now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
