When competitors engage in price wars within the same market segment, threatening everyone’s ability to survive, what are some ways to break this deadlock?
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When competitors engage in price wars within the same market segment, threatening everyone’s ability to survive, what are some ways to break this deadlock?
If there is intense competition, it means the product has a low level of technical complexity. The entry barrier is relatively low. Only by continuously improving manufacturing techniques and reducing product costs can one survive the competitive upheavals in the industry.
This kind of problem has existed for decades; every possible solution has been considered by those in the same field, both legal and illegal ones. Trying to find clever tricks that no one else has used is just a dream
With no solution, one can only engage in cut-throat competition, constantly reducing their own costs in order to survive longer than others: lol.
Coordinated by industry associations, or with intervention from the price regulation authority.
As long as you understand the rules, you might not end up on the losing side
Practice monopolies :):):), but legally:lol:lol
Either unite or conquer – that makes a lot of sense
Only by working hard to improve internal capabilities, optimizing production processes, reducing costs, and saving energy and reducing emissions, when policies become stricter and your competitors are unable to operate, you will be able to continue production since you meet the requirements – and that is when you succeed.
I’ve been thinking lately about how to break through this level of intense competition; it was even brought up in today’s meeting: by focusing on the customer, putting ourselves in the customer’s shoes, and thus overcoming this competition. 1. Customers want good products—high quality is required: adjust the manufacturing process? Replace the raw materials. 2. The customer wants a lower price——reduce production costs? Process innovation? Grasp the throttle. 3. Customers require a long-term and stable supply of products-----ensuring safety, environmental protection, and sustainability. Are all these just exaggerations? No real practical value?