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.
Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business.
I am still looking for the modern equivalent of those Quakers who ran successful businesses and made money because they offered honest products and treated their people decently . . . This business creed, sadly, seems long forgotten.
It's easy to say that entrepreneurs will create jobs and big companies will create unemployment, but this is simplistic. The real question is who will innovate.
Business isn't some disembodied bloodless enterprise. Profit is fine - a sign that the customer honors the value of what we do. But "enterprise" ( a lovely word ) is about heart. About beauty. It's about art. About people throwing themselves on the line. It's about passion and the selfless pursuit of an ideal.
Too many companies are running their business into the ground, I would argue, by being myopically short-term focused on the shareholder.
My own view is that every company requires a long-term view.
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