> How often does the CEO of one company address management of its biggest competitor? How often can you even get said CEOs to public acknowledge the name of their competitors?
Not often enough! I work for Capital One. We are a decently large player in the US banking market (perhaps number 5 depending on how you count). I would love to have Jamie Dimond (of Chase) come speak to us.
But it goes the other way too. If Dimond were too invite Rich Fairbank (our CEO) to present to his executives they would definitely benefit. Rich would describe the ways in which we excel: things like the relationship we have between the business and tech sides of the organization.
In general, one would be a fool not to want to hear from one's competitors.
But also, is one not a fool to just casually give one's competitor advice? I think it must be based on the expectation of an improved relationship - which means a lot for the two companies.
Not often enough! I work for Capital One. We are a decently large player in the US banking market (perhaps number 5 depending on how you count). I would love to have Jamie Dimond (of Chase) come speak to us.
But it goes the other way too. If Dimond were too invite Rich Fairbank (our CEO) to present to his executives they would definitely benefit. Rich would describe the ways in which we excel: things like the relationship we have between the business and tech sides of the organization.
In general, one would be a fool not to want to hear from one's competitors.