| |

Fierce Competition

ByShrutin Shetty

Fierce Competition

A lot of companies face problems from time to time. Let’s focus on problems that are controllable, i.e., outside of those to do with a declining economy, financial meltdowns, etc. In such situations, many business leaders have had to address shareholder concerns. And many of them justify the situation as ‘witnessing fierce competition’, or something to that effect.

Truth is, the reason is never competition. It often means that the company and its employees are just further away than usual at that point, in knowing their customer needs. And therefore, further away from offering them something relevant.

Competition or its fierceness, is just an incidental side-effect of it.

***

Look forward to your views. And if you liked this post, do follow/subscribe to my blog (top right of the page). You can also connect with me on LinkedIn and on Twitter.

Similar Posts

| | | | | |

Common Problems Startups Face – A design thinking outlook

ByShrutin Shetty

Common problems startups face – A Design thinking outlook I have been directly associated with startups since 2006. That’s when I started my career as a member of a venture capital investment team. All the way to my recent years consulting them and young businesses, I have heard a multitude of problems that startups face….

| |

Au-shitz.!

ByShrutin Shetty

Au-shitz.! With all the ‘do good deeds’ and ‘do unto thy neighbour…’ that has literally been beaten into our souls while we were growing up, I often wondered why some corrupt politicians and other people in power seemed to go from crime to crime without losing any sleep over it, and they just seemed to…

|

Brrre..witty

ByShrutin Shetty

In continuation with my interest in the importance of brevity in communication (to a greater extent in  written communication, and to some extent for verbal),  this post is made up of some interesting quotes on brevity that I came across. The quotes are in blue. Now after you’ve read each quote, I urge you spend…

| |

Counterintuitiveness – Pre-rinsing Dishes

ByShrutin Shetty

Counterintuitiveness makes life more interesting. It also briefly reveals gaps or lags in our understanding or mindsets. A recent article, and probably many before that, states how pre-rinsing dishes before putting them in the dishwasher actually reduces the cleansing quality. How? Modern dishwashers have sensors that gauge the degree of dirt and adjust the amount…

|

Job Quotas or Meritocratic Politics?

ByShrutin Shetty

Job Quotas or Meritocratic Politics? Image: source Developed countries continue to struggle to identify industries, areas of business, skillsets and employment opportunities that will make their workforce, abilities and manufacturing resources relevant again in a world of cheap labor and low cost manufacturing from developing countries. At such times, instead of leveraging the inherent potentials…

Leave a Reply