"If you don't have a competitive advantage, don't compete"
- Jack Welch
About this Quote
This quote, "If you do not have an affordable advantage, do not complete," by Jack Welch, stresses the important value of having something unique to offer in the market. Without a clear benefit over your competitors, trying to compete in a crowded field will likely lead to failure. This can manifest as a remarkable item, streamlined operations, more powerful advertising, or any variety of various other factors that make a business stand out. Welch is basically claiming that if you can't bring something unique to the table, it's best to focus your energy elsewhere rather than trying to require your method right into a market where you lack an edge.
This quote is written / told by Jack Welch somewhere between November 19, 1935 and today. He was a famous Businessman from USA.
The author also have 24 other quotes.
"In order to govern, the question is not to follow out a more or less valid theory but to build with whatever materials are at hand. The inevitable must be accepted and turned to advantage"