Fri 26 May 2006
Seth Godin blogs about the positive power of competition.
As far as I can see it, the two most important benefits to competition are:
** Competition motivates our businesses to innovate
** Competitive forces simultaneously compete and conspire to create a movement that eventually drive more people to each competitor
Ex. Organic food movement, yoga movement, photo’s on-line movement, social networking movement
In China, I noticed whole city blocks devoted to a particular retail specialty. There was a bridal store street, a shoe street, a furniture street, etcÃ¢â‚¬Â¦ and they were all thriving.