The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.
About this quote
- What does it mean?
- Real competition comes from organizations focused on their own excellence rather than reacting to others.
- In plain terms
- The biggest threat is someone improving their own work without worrying about you.
- What can you take from it?
- Focus on self-improvement rather than watching rivals.
Where it applies
Putting it to work
Questions to consider
- Are you focusing enough on your own work?
- What makes your product uniquely better?
Another view
Monitoring competitors can sometimes provide valuable market intelligence.
More from Henry Ford
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
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