Business Competition

There is one rule for industrialists and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible. - Henry Ford



I have always believed that any company would succeed by providing a quality product, at a reasonable price, with good service. Paying well may enable all three (quality, price, service). If the industry you are in has many players who provide all three of these qualities perhaps paying better wages is the competitive advantage you've been looking for.