Competition Quote by Margrethe Vestager
“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.”
About This Quote
Source Speech: European Commission Competition Policy Remarks, 2020
Competition forces firms to innovate or risk being outpaced, driving progress and market dynamism.
In simple terms: Competition pushes innovation.
Key Takeaway
Embrace competition to stay relevant.
Themes
innovation
competition
market dynamics
Mood
determined
strategic
Type
business
motivational
When to use this quote
- startup strategy
- product development
- industry disruption
- business planning
Key Concepts
economic incentives
creative pressure
Questions to Reflect On
- How do you balance competition with collaboration?
- What safeguards prevent harmful cut‑throat tactics?
A Different Perspective
Innovation can be stifled by over‑regulation or monopolistic barriers.
![“[In relation to business:] Invention must be its keynote-a steady progression from one thing to another. As each in turn approaches a saturated market, something new must be produced.” quote by Reginald Fessenden](https://sms4smile.com/quotes/img-quotes/99b/reginald-fessenden-41467_approach_in-relation-to-business-invention-must-b_64650.jpg)
