QuoteProject
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 Vestager
ShareWTF𝕏

Interpretation

What this quote means

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.

Themes

CompetitionQualityServicesPricesInnovation

In practice

Example use cases

This quote can be used during a business seminar to highlight the values of fair competition.

More from Margrethe Vestager

A woman who wants to go places needs to bring her own ladder.
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.
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.
Margrethe VestagerRead
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

Similar quotes

In business, if you realize you've made a bad decision, you change it.
Richard BransonRead
We are not influenced by the techniques or fashions of any other company.
Walt DisneyRead
Consistent alignment of capabilities and internal processes with the customer value proposition is the core of any strategy execution.
Robert S. KaplanRead
If you have a business model that relies on customers being misinformed, you better start working on changing your business model.
Jeff BezosRead
Our model is to develop each business separately with its own shareholder and management - this way we can concentrate on the job in hand, rather than be part of some enormous and faceless conglomerate.
Richard BransonRead
If advertisers spent the same amount of money on improving their products as they do on advertising then they wouldn't have to advertise them.
Will RogersRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.