Business Competition - How good?


This is the era of technology. Everyday a new discovery, a new invention is being made. The world is moving ahead in leaps and bounds. People are striving for success and satisfaction in life in the face of fierce competition. Business Competition is ubiquitous- in every walk, every aspect of life right from childhood to old age. No one escapes competition.

It's very essential to know the effects- both positive and negative- of competition on society. Competition is the very force that drives individuals to aim for goals, aim higher. In school, students compete against each other for higher grades. Athletes compete for more wins, more records. Companies vie against each other for better sales, bigger markets. Just because there is competition, a person is forced to work harder, better and efficiently to overcome it, to defeat it.

Healthy competition is very important for the overall development of individuals, communities and nations on a broader perspective. Take the Indian car industry for instance. It remained stagnant till the late 80's with only 2 companies offering the same cars for 3 decades. Once the economic reforms came, many companies came into fray and competition increased. In the face of competition, new models, new features, better performing cars are being produced constantly. All this ultimately benefits the customer who gets a wider range to make a choice from.

The same example can be applied in every other industry. Competition can only give a thrust to progress. No one can afford to be complacent and sit with fingers crossed. It will only leave one behind in the race. Competition expects and promotes fresh thinking, new ideas, better and more hard work. It makes one sit up and take notice of the world around. As someone aptly said,'there is no business without competition.'

Competition in a positive and healthy way is the road to progress. But the moment it is used in a negative way, it can prove harmful. We see the use of performance enhancing drugs in sports- athletes being banned and so on. Companies indulge in malpractices like accounts tampering, publishing false reports to up their stocks.

A most apt example to conclude the discussion- This is a story from the heights of competition for supremacy in space between Americans and the Soviets. US astronauts faced difficulty to write with ball point or any other pens in space. NASA spent 12 million dollars and a few years developing a pen which could write anywhere on any surface without any problems. When relations became friendlier, soviet cosmonauts were asked what they used. The answer-a pencil.

Competition is ultimately more beneficial than detrimental to society, only if indulged in a healthy way. Unhealthy competition will only lead to destruction of faith, goodwill in society.

Related Links: Send Free Inspirational Ecards

COMMENTS

Name

Business Career Tips Creativity Entrepreneurs Featured Fitness Health Internet Marketing Leadership Management Marketing Mind & Body Motivation Networking Nutrition Personal Care Public Relation Sales Self Improvement Small Business
false
ltr
item
Eatmyhat.net: Business Competition - How good?
Business Competition - How good?
https://4.bp.blogspot.com/-tu_UWU8Y2Ko/XFL-DPksI6I/AAAAAAAAAP4/vsM8Z_F6TeohRyFGZFFykdr6sWGO44lqwCLcBGAs/s1600/Business-Competition-How-good.jpg
https://4.bp.blogspot.com/-tu_UWU8Y2Ko/XFL-DPksI6I/AAAAAAAAAP4/vsM8Z_F6TeohRyFGZFFykdr6sWGO44lqwCLcBGAs/s72-c/Business-Competition-How-good.jpg
Eatmyhat.net
https://www.eatmyhat.net/2017/11/business-competition-how-good.html
https://www.eatmyhat.net/
https://www.eatmyhat.net/
https://www.eatmyhat.net/2017/11/business-competition-how-good.html
true
4890718040737818602
UTF-8
Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy