Competition Versus Collaboration

Posted by bloggertone under Strategy
From http://bloggertone.com 4777 days ago
Made Hot by: Small Business Manifesto on March 23, 2011 5:06 pm

The word competition conjures up an unforgiving testing concept where there can be only one winner and everyone else involved is a loser...

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Comments

Written by Adam_Gottlieb
4777 days ago

Welcome, Patricia!

You bring up some very good points... However, since most people go into business to make money, it may be very hard for them to be of the opinion that "...business success can only be determined via customer satisfaction and not by profit margins."

In truth, collaboration and competition are not mutually exclusive. Collaboration is a vital business tool precisely because it makes those businesses that rely on it, more *competitive.* In other words, the collective knowledge, expertise, and resources gives the businesses that know how to use them, a leg up on their competition.

So too, for that matter the idea of "open communication" and "building trust"- they are fast becoming standard business strategies (by the businesses who are smart enough to realize what's happening) based on trying to maximize profits, and not on the actual value of their customers (unfortunately).

Adam

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Written by nialldevitt
4777 days ago

Hi Patricia, Welcome to Bloggertone! I'm a big believer in collaboration being the new competition for small businesses in particular. I've begin to experience this myself to a large degree in the last 24 months. Social media is a great tool in this regard, because it acts like a lighthouse to like minded businesses and individuals. Because I have developed my online profile, I am now regularly contacted by others and asked to work on projects with others.

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