Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

Tag: Competition

Commodity

1. Something useful that can be turned to commercial advantage. 2. A product or service that is indistinguishable from ones manufactured or sold by competing companies and therefore sells primarily on the basis of price rather than quality or style. 3. Any unprocessed or partially processed good or resource, for example, grain, fruit, vegetable, or precious metal.

Game

1. A fun activity that people participate in that involves skill, chance, or endurance on the part of two or more persons who play according to a set of rules, usually for their own amusement or for that of spectators. 2. A contest of person against person, or team against team. 3. All games are continuing by definition, since an unstarted game isn’t a game and a finished game isn’t a game. 4. A game consists of freedoms, barriers, and purposes.

Niche

A small, profitable segment of an existing market. It is easier for new companies, projects or start-ups to gain a competitive advantage and to dominate their field by focusing on a small market, versus a highly served large market. This is counterintuitive for most people because they think there are more opportunities in large, established markets.

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