"موفقیت یک شرکت بستگی به عملکرد فعالیتهای آن در مقایسه با رقبایش دارد"
— Michael Porter
Simplified Meaning:
For a company to do well, it has to look at how it performs its tasks compared to other companies. Think of two restaurants on the same street. If one restaurant makes better food and serves it faster than the other, more people will go there. The better restaurant will make more money and become more popular. This is because it does its job better than its competitor. So, for any business to succeed, it has to be better at what it does than others in the same field. Companies can apply this advice by always trying to improve their products and services and by regularly checking what their competitors are doing.
Related tags
Business strategy Business success Company performance Competition Competitive advantage Market competition Performance evaluationFEATURED QUOTES