Don't Compete .. Complete
Ahmed Muselhy
HR Entrepreneur | Founder and CEO @ Hired HR | Top LinkedIn Voice in Recruiting | PHRi? Certified | TEDx Speaker | AI for HR Advocate | EdTech Innovator | Recruitment Guru
Competition is often viewed as a crucial aspect of business. Companies engage in competition to gain market share, attract customers, and maximize profits. However, there are some who believe that the idea of competition is flawed, and that a cooperative approach can be more beneficial in the long run.
The philosophy of not believing in competition is centered around the idea that businesses should work together rather than against each other. This approach focuses on collaboration and cooperation to create a mutually beneficial relationship between companies, rather than engaging in a cut-throat competition where only one company can succeed.
In this approach, companies can complement each other’s strengths and weaknesses, allowing them to provide better services to their customers. By referring clients to one another, businesses can create a more complete service offering and improve customer satisfaction. Customers appreciate being referred to other businesses that can better suit their needs and will likely have a more positive view of the companies that helped them.
Furthermore, businesses can also benefit from a positive reputation in the industry. By working collaboratively with other companies, businesses can build a positive reputation for themselves and be viewed as industry leaders who are focused on providing the best possible service to their customers. This can help them to attract more clients, as well as talented employees who want to work for a company that values collaboration and cooperation.
领英推荐
On the other hand, companies that only focus on competition can quickly find themselves in a survival mode. In a cut-throat market, businesses are focused on beating their competitors, often at the expense of providing the best possible service to their customers. This approach can lead to a race to the bottom, where companies are forced to lower their prices and cut corners to stay competitive, ultimately leading to a decrease in quality and customer satisfaction.
The idea of not believing in competition can be a powerful way to create a mutually beneficial relationship between businesses. By working collaboratively, companies can complement each other’s strengths and weaknesses, provide better services to their customers, build a positive reputation in the industry, and ultimately thrive instead of just survive. While competition is often viewed as a necessary aspect of business, a cooperative approach can lead to more sustainable growth and long-term success.
To make it simple for you, Competition will put you in a survive mode, Completion will make you thrive"
For more tips, insights, thoughts, and training, DM me.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
1 年Thanks for sharing.