Episode 90: What’s So Creative about Destruction?
Words & Numbers
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The Dual Nature of Competition
Bob Greene: We think about competition as conflict, but there's another side to it that is equally as prevalent and important. He says companies that aren't doing it as well can learn from the ones who are doing it well. The post office in FedEx now does two-day delivery because they learned from their competitor. Greene: This is called creative destruction. And if you think about the destruction that comes along with the creativity of the model T, it's literally any industry that has anything to do at all with horses.
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