Strategic Management Class

Improvement

Henry Ford once said: "Competition whose motive is merely to compete, to drive some other fellow out, never carries very far. The competitor to be feared is one who never bothers you at all, but goes on making his own business better all the time. Businesses that grow by development and improvement do not die. But when a business ceases to be creative, when it believes it has reached perfection and needs to do nothing but produce--no improvement, no development, it is done." Is he right? Defend your answer.