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@KateKendall
- My thoughts added into @ashermoses SMH piece on why founders leave Australia for Silicon Valley --> smh.com.au/technology/tec… #digitaldreamers 1 day ago
- Is @newsle the next @klout? It tracks when people from your network are in the news and shows you how famous they are! newsle.com 1 day ago
- RT @mktgchelsea Startups are getting creative! Hack on a train, a caravan, in a house or in Bali bit.ly/KupAaw #startupuplife 1 day ago
- 'In Search of the Hybrid Ideal' –@when organisations integrate nonprofit and for-profit models: bit.ly/KkS7uQ cc @Atanajurat #socent 2 days ago
- Heads-up: I'm running another class on Community Management for Startups in SF. This time @StartupHQ on 30 May. #cmgr skl.sh/KY3w2Z 2 days ago
@womenhack
- Check out the latest startup initiative for women – Springboard Enterprises launches in Sydney --> fb.me/1GeMNoQIz 1 day ago
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- RT @mosfreshmedia: Female force in tech start-ups yarns.ps/Ke1U4w 'No barriers to women in tech, need to take the plunge' @rebekahposse 3 days ago
@thefetch
- All the companies from Made in NY mapped out so you can see who's hiring --> mappedinny.com #nytm 4 days ago
- Latest send for @thefetchmelb is out now. #melbourne is turning into quite the innovation, creative and startup hub --> bit.ly/KnTQTg 4 days ago
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- RT @startuptasmania How to Build a Startup from a Beach bit.ly/IX9l5o #startup #sandup 6 days ago
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@socialmelb
- In case you missed it: the exodus affecting Australian startups ow.ly/aZo6d 1 day ago
- This is Social Media marketing in 2012: read.bi/L3PAoS #SocialMedia #marketing #socialmelb HT @trevoryoung 1 day ago
- RT @mktgchelsea Startups are getting creative! Hack on a train, a caravan, in a house or in Bali bit.ly/KupAaw #startupuplife 1 day ago
- Today's #socialmelb napkin. Did we miss anyone? http://t.co/GW9jlOF0 1 day ago
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There is no competition
December 27, 2009 1 Comment
A while ago I spent a lot of time thinking about our competition – it was very consuming. Too consuming. Especially because of the context of the media environment – one of the most competitive industries to be in.
Markets move so quickly, points of differences change daily and the players evolve quickly. So, when your energy goes into trying to keep up and beat the competition, you drain your mind of the much-needed creative out-of-the-box innovative thinking. You set the bar at a certain level, when there really should be no bar at all. If there is a benchmark or a level, then that is all that you’ll try to reach. Heights should have no limits.
Competitive advantages lie in the future and not the present. Concentrating on what is the present is not dynamic enough for the future.
Business isn’t some sort of sporting field where you only have one opposition. There is opposition at every corner. If you focus on trying to beat the competition with reactive tactics then you will only have a small area of the field covered. I say, forget the competition – keep them in sight but don’t keep them as a priority. Focus on what you can do. Try imagining the ultimate competitor instead – your worst nightmare. Everything you always wanted to be. Then manoeuvre your objectives around becoming that.
Yes, my argument may see almost naive, but the more I think about it – the more I come to the conclusion that really… there is no competition.
Filed under Comment Tagged with business strategy, competition, competitive advantage, innovation, mindset