Is it illegal? Is it unethical? The answer could be depended on that region's state of law.
Luckily, some of our other associates do not believe in the practice of competitive darwinism. ... Our belief is that one should be prepared against the act of competitive darwinism while implementing fair and ethical business practices. ... Remember that life is never fair especially competing in an extreme scenario.
Q: How do you know that you are in an extreme competitive scenario?
A: Ask yourself the question of how well do you know your competition.
Being Strategic Efficient in the Information Economy
In some parts of the information economy, where some of the elite competitors almost possessed the similar tactical approach and the same set of operational modes. It becomes a challenge to becoming technically efficient for them. . . . Once the strategical efficiency standard of marketplace is met, the majority would compete in their limited terrain by grinding, grounding and pounding. Based on our research, there would be only a few competitors who are able to innovate successfully. Whether they are able to compete effectively is a different story.
Having the skill to integrate the various operational modes to the grand approach is the tangible challenge for those who want to be strategically efficient.
If you are interested in our strategic perspective on knowing when to stay efficient and when to be innovative while operating in a strategic competitive scenario, please contact us.