A woman who wants to go places needs to bring her own ladder.
Margrethe VestagerRead
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.
Interpretation
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.
In practice
This quote can be used during a business seminar to highlight the values of fair competition.
A woman who wants to go places needs to bring her own ladder.
No government can give a selective advantage to a specific company, because that would make competition unfair.
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.
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.
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.
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.
If customer ignorance is a profit centre for you, you're in trouble.
I may be a businessman in that I set up and run companies for profit, but when I try to plan ahead and dream up new products and new companies, I'm an idealist.
Imitation can be commercial suicide.
Many businesses with unpopular products or inefficient production find it much easier to curry the favor of a few influential politicians or a government agency than to compete in the open market.
Companies that get confused, that think their goal is revenue or stock price or something. You have to focus on the things that lead to those.
Courteous treatment will make a customer a walking advertisement.
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