blog




  • Essay / Does competition benefit business? - 1229

    Does competition benefit business? Do companies want to grow and progress, or remain at a standstill in their production? Most say they want to grow and progress. This topic is important from a business perspective. Should business leaders promote competition or not? “Smart professionals use competition to their advantage” (Pearson 1). Companies that use competition notice the positive effects later. Seeking to prosper and grow, businesses must promote competition and compete with other businesses in their industry. “There’s nothing like a little competition to suddenly increase productivity” (quoted in Penn 1). Although some critics argue that competition can create a negative atmosphere in the workplace, businesses should promote competition in order to operate in a changing society, establish effective performance, and improve customer satisfaction. Businesses should promote competition in order to operate in a changing society. . America seems to be growing structurally and technologically every day. Companies must follow these advances. By designing and selling superior products for America, competition challenges companies to create a better future. When competition arises between two sectors, the sight of competition pushes consumers towards the sector that succeeds in reducing the prices of their products. Successful industries stay current and the company becomes top-notch in the field in which they compete. Competition teaches businesses what will work in their market and what won't. Consumer demand for products always appears no matter what. How industries produce this product determines the success of commercial exploitation. “Competition... middle of paper... sometimes takes another route and leads to a reduction in productivity. If professionals impose competition in their business, the aspect of work efficiency reappears almost instantly. Nowadays, human society with the will to win is absent. People are lazy and avoid competition. If employers employ the right people for the job, with the right mindset, and willing to work diligently and effectively in all struggles involving business, then they want competition in and around their company. Competition, tough and not regrettable, is not for lazy workers, so if employees want to see productivity in their company, they find the right people who know how to work hard. So, if a business wants to grow and establish itself, the right answer to achieving these gains involves a bit of external competition..