A woman who wants to go places needs to bring her own ladder.
Margrethe VestagerRead
I think any company should compete on the quality of their products, their prices, the novelty they can produce, their services, because that would be fair competition.
Interpretation
Fair competition in business is based on product quality, pricing, innovation, and service.
Margrethe Vestager emphasizes the importance of fairness in business competition, arguing that companies should strive to excel in quality, pricing, innovation, and customer service. This approach fosters a marketplace where consumers benefit from improved products and services, and businesses innovate to meet their needs.
In practice
This quote can be used during a business seminar to highlight the values of fair competition.
A woman who wants to go places needs to bring her own ladder.
No government can give a selective advantage to a specific company, because that would make competition unfair.
When I was very young, I took no interest in party politics. My line of interest was how can you be part of an influence to the society that you live in.
Competition is one of the most important drivers of innovation because you have to stay in the race. You have to think of something new, and if you don't, well, of course you should leave the market.
Technology is, in many respects, an enabler for an open, transparent society. But it's also an enabler for supervision to a completely unforeseen degree. And for commercialising personal space to an unforeseen degree.
We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.
Quit being 'busy' and start actively owning and operating your company, and you'll be able to understand where the money is coming from and how to make more of it.
Don't hesitate to seek external help or advice where need be. Sometimes, it takes an external, emotionally unattached individual to detect your business flaws and render unbiased advice.
Almost all decisions based on cost accounting are utterly wrong.
In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.
Because its purpose is to create a customer, the business enterprise has two - and only these two β basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are 'costs'.
Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don't like Airbnb because they like staying in five-star hotels, not sleeping on people's couches.
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