A woman who wants to go places needs to bring her own ladder.
Margrethe VestagerRead
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.
Interpretation
What this quote means
Competition fosters innovation by pushing individuals and companies to continuously create and improve.
This quote by Margrethe Vestager highlights the crucial role that competition plays in driving innovation. It emphasizes that in a competitive landscape, entities must constantly innovate and come up with new ideas to stay relevant and succeed. If they fail to do so, they risk becoming obsolete and exiting the market. Thus, the pressure of competition serves as a catalyst for creativity and advancement.
Themes
CompetitionInnovationCreativityBusinessMarket
In practice
Example use cases
In a keynote speech about the role of startups in the economy.
More from Margrethe Vestager
All quotes →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.
Margrethe VestagerRead
No government can give a selective advantage to a specific company, because that would make competition unfair.
Margrethe VestagerRead
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.
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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.
Margrethe VestagerRead
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.
Margrethe VestagerRead
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