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5 reasons to work with the competition, according to business leaders
Professionals are rightly wary of rival firms gaining a first-mover advantage. But in some instances, talking about challenges and opportunities with potential competitors can be beneficial.
EschCollection/Getty ImagesBusiness leaders recognize the value of intellectual property(IP) -- they go to great lengths to ensure their organization's best ideas don't fall into the hands of competitors, using everything from tight data policies to strict access privileges and enforceable patent applications. Earle's colleague, Brad Smith, VP of procurement at Southwest Traders, said people at the California-based business are more willing to share ideas with professionals beyond the local vicinity. Benoît Dageville, co-founder of technology firm Snowflake, said his company's north star is its customers -- and they'll work with other software providers if it means clients can benefit.
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