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"Competition is for Losers" is an intentionally provocative statement to illustrate a key point for a business: don't be a perfectly substitutable commodity. I
by fullshark 5y ago
"Competition is for Losers" is an intentionally provocative statement to illustrate a key point for a business: don't be a perfectly substitutable commodity. It doesn't mean "trying / competing for market share is lame."
- Mikeb85 5y agoI mean, this is pretty much what we learned in our very first microeconomics class. If you're selling a commoditized product, you're in a race to zero profit (firms undercut each other to gain market share until profit is minimal). If you're selling a unique product, you can command much higher margins.
- thomasahle 5y agoIt's also about creating moat, network effects, monopolies and other tools preventing the free market from working properly.