Key takeaways

• While it is important not to underestimate your competitors, you also should not consider them perfect.
• Industry leaders often maintain their position due to certain core factors and their other initiatives can be flawed, do not assume everything they do is right.
• Simply because a competitor decided to pass on an apparent opportunity does not mean they made the correct decision, they may have misjudged the opportunity and left an opening for you.

This episode is also available as a blog post: http://lloydmelnick.com/2016/12/07/maybe-your-competitors-are-not-that-smart-after-all/