Competing Skills - how to stand of from your competition

Competing Skills

Focus on continuous value innovation

VadiK

Inventor

Author

Founder

Mediocrity competes with others. Greatness competes with itself.

~ Vadim Kotelnikov

Laggards adapt, winners stand out.

If you stop learning, you stop creating history and become history.

If you are not getting better, you are getting worse.

Try to be better than what you were yesterday, not someone else.

Competition is all about value innovation: creating greater customer value and delivering it remarkably.

An innovative, productive and successful loving creator is motivated by a burning desire to achieve a noble vision and to create greater value for others, not by the desire to beat others.

Stand Out from the Competition: Love for customer

The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.

Henry Ford

80/20 Rule of Competition

The 80/20 Principle helps you to direct your attention where the real threat of competition exists. According to the 80/20 Rule, over time, 80% of the market will tend to be supplied by 20% of the producers. But the world wouldn't rest long in the 80/20 equilibrium. There are always changes to market structure caused by competitors' value innovations.

80/20 Principle

Top 10 Business Uses

80/20 Rule of Growth 10+

80/20 Rule of Learning, Training, Gamification

Tips for Developing Your Competing Skills

Always be creatively dissatisfied and receptive to new ideas. Nothing stays the same, especially in business.

Business is always a battle. Develop the ability to surprise. To know your competitors, think for them. Know how to benefits from your competitors and how to outsmart them.

Know your competition – ask strategic questions and benchmark yourself against their strengths; position yourself against their weaknesses. Play entrepreneurial simulation games, like InnoBall (Innovation Brainball) to achieve greater success in the highly competitive value-innovation marketplace.

Think beyond the box, but be realistic. Ask market-focused questions to define your competitive position and opportunities for growth. Set stretch goals for competitive innovation and competitive disruption.

Study continuously the needs of your customers and seek to treat them as allies with whose aims and objectives you genuinely sympathize. Develop impactful differentiation strategies.

Remember, no one can be right all the time. Reassess continuously your past decisions, admit your mistakes, and learn from them. "There is no failure, only feedback", teaches us NLP, the technology of achievement.

The Art of Winning

The Four Skills of an Effective Competitor

Sun Tzu

The five elements that define a competitive position also create the four skills that define the competitor's interaction with the competitive environment:

① Knowing: the ability to get hard information.

② Vision: the ability to foresee the future.

③ Action: the ability to move or stay where we are.

④ Positioning: the ability to use the ground to find success.

These skills define your external competence in the competitive world

Create Outstanding Value

No business can become a market leader unless it places top priority on outdoing all its competitors. Business has always been a battle. Companies which don't do their utmost to outcompete their rivals are likely go out of business sooner or later.

Competition quotes: Greatness competes with itself. Kotelnikov

You need to establish a position of competitive excellence if your business is to survive. A fundamental rule in crafting a competitive strategy is to view competition from diverse and complementary viewpoints.

Disruptive Innopreneur

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