Two brief notes for consideration on the
nature of competition:
In the final of the men’s 100 metres at the World Athletics Championship in
2009, Tyson Gay clocked a time of 9.71 seconds for the 100 metres. This was
his
personal best at that moment, and faster than any man, in any other round
of the tournament. However, running in the same
race was a man by the name
of Usain Bolt (you may have heard of him), who ran 9.58 seconds, won the gold
medal and also set new world and tournament record times.
Two walkers were out backpacking together in the woods. They rounded a bend
in
the trail, and came face to face with the largest and most angry looking grizzly
bear. Instantly one of the walkers drops to his knee,
pulls out his running shoes
from his backpack, and begins removing his hiking boots. The other walker
stares at this and says, ‘What are you doing? There is no way you can outrun a
bear that size!’ Not looking
up from tying his laces, the kneeling hiker replies,
‘I don’t have to be faster than the bear, I only have to be faster than you.’
The key takeaway
from these stories is that performance should always be
evaluated relative to the competition (see Sabnis and Grewal, 2012).
COMPETITOR
ANALYSIS
CHAPTER 5
Gatwick Airport signalled the first moves to
increase competition among London’s air-
ports on Monday with the launch of a new
brand identity and advertising campaign.
The marketing drive, part of a £1bn
scheme to improve London’s second airport,
is an attempt to create a ‘challenger brand’
to BAA, the operator that owns Heathrow
and was recently forced to sell Gatwick as
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