How do you view competition in business?

Question

Ed Baker · Answer

Have you competition in business? The same way? I view competition in sport, which is that it makes everyone better makes everyone move more quickly and I think you can get great ideas learning from your competition. So back when I was working at Facebook, I think well, in the early days you had social networks, like, Myspace and later on, you had some competition from Google with Google Plus. And I just saw a Facebook doing their best work when they had that. Competition with Uber, we had Uber and Lyft having a rivalry. And I think that made both companies move faster and grow more quickly than they would have if there wasn't competition. So overall, I'd say it's a positive thing.

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"How do you view competition in business?"