DENVER BUSINESS JOURNAL - Andy Grove, former chairman of Intel Corp., coined the phrase, “Only the paranoid survive.” Grove has given us a timeless lesson on the need for a company to be paranoid about staying ahead of the competition and anticipating market trends.
Many companies don’t realize that there may be a current or new competitor out there targeting their customers.
Through innovation, these competitors are developing an improved product or service, creatively disrupting manufacturing or application technology, adding new product features, significantly lowering costs, creating a new channel of distribution, or changing the industry’s business model.
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