Hello, and welcome back to Advance Competitive Strategy.
We're here inside the impressive Allianz Arena in Munich and we'll talk
about competition, fairness, and its benefit
for the business community we operate in.
So we think of competition in football, and
soccer, we realize it may not always be fair.
Referees may have been bribed by one or the other team or the betting
office or the players might simply foul each other in the most direct way.
These are clear breaches to the rules of
football and we, if we convict someone of committing
a foul, or something unfair we have clear cut
penalties that we impose upon them as a consequence.
So in this way we don't just punish the foul player but
we also automatically make up for the disadvantage of the other team.
Sometimes, however, rules may not be so simple and obvious.
So imagine the football game in which both
opponents work together to achieve a set score.
Rather than compete against each other and there
will be more on this in the following video.
So while this has led to changes in the procedure and the
ordering of games, it's impossible to adopt such measures in the real world.
So, to begin with, we don't always have clearly defined games, nor is
there an explicit set of opponents when it comes to the business environment.
Which is going to make it a lot more
complicated for competition authorities to ensure fair play.
And at the same time it also becomes
much more difficult for companies to understand what they
can and can not do to ensure that they are on the safe side of competition policy.
So in this module, we will learn an overview of the aims and
instruments of competition policy that will help you to keep your business clean.
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