Bring It On
There's nothing wrong with a little healthy competition. In fact, it's what some entrepreneurs live for.
The fresh-faced teenager in the McDonald's commercial might
be smiling and seem friendly, but fast-food legend Ray Kroc once
said, "If I ever saw a competitor drowning, I'd put a live
fire hose in his mouth." Don't judge the late Ray Kroc too harshly. He was speaking
of an age-old tradition. Entrepreneurs have always trounced the
competition, and it hasn't always been pretty. in the 1800s,
John D. Rockefeller made Standard Oil company into a monopoly,
controlling 90 percent of the oil market, by negotiating secret
rebates with railroads, bribing Congressmen and committing
industrial espionage. About the same time, in England, the United
Kingdom Telegraph Company hired men to cut down the poles of its
rival, Electric Telegraph Company. As that century closed,
newspaper baron William Randolph Hearst helped start the
Spanish-American War to sell newspapers and crush his competition.
More recently, Microsoft has been in the news facing accusations of
using unfair business practices in an attempt to build its own
monopoly. But while entrepreneurs have always been against the opposing
team, the way we're competing is changing. "Competition
isn't as cutthroat as it used to be," observes Roger
Nagel, a professor at Lehigh University in Bethlehem, Pennsylvania,
and co-author of Cooperate to Compete: Building Agile Business
Relationships (John Wiley & Sons) and Agile Competitors and
Virtual Organizations: Strategies for Enriching the Customer (John
Wiley & Sons). "When you're finished with your
competitors, you no longer have to see them lying on the
ground." Content Continues Below
And as competition evolves, entrepreneurs like Leon Richter are
actually finding they enjoy it. Call it the thrill of
competition-it's a rush; it's a natural high; it's the
kick you get making a deal before your nemesis does. Richter, 29, is the CEO of Justice Telecom, a $100 million
telecommunications solution provider based in Los Angeles that
competes for shares of the overseas phone market in places like
Scandinavia, South America, and the United Arab Emirates. To hear
Richter tell it, his company is a dinghy competing against the
ocean tide, but he nevertheless wakes up in a good mood every day.
"It's absolutely a thrill," says Richter of
competition. "It's a huge motivation for us."
In the competitive world of journalism, Geoff Williams is a
frequent contributor to Entrepreneur and a features writer
for The Cincinnati Post. He recently saw his first feature
in Ladies' Home Journal.
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