NOVEMBER 01, 2013 There was a time, not long ago, where many suggested that competition was healthy, leading to innovation and creativity. However, it’s no longer enough to merely compete. To succeed in today’s business world, you must dominate your sector.
There’s a very distinct difference between competition and domination. Competition is a struggle in pursuit of a goal. Domination is to influence and control everything around you. Consider these companies that once dominated their industries, and today are competing to stay in the game: BlackBerry, Sears, Kmart. GM and Microsoft.
Do you want to struggle and pursue or do you want to influence and control?