Does Competition Benefit in Business?

Does Competition Benefit in Business?

Do businesses want to grow and advance, or remain at a standstill with production? Most say they want to grow and advance. This topic is important in the business standpoint. Shall business managers promote competition or not? “Smart business professionals use competition to their advantage” (Pearson 1). Businesses who use competition notice the positive effects later down the road. Seeking to thrive and grow, businesses need to promote competition and compete against the other firms in their business. “There’s nothing like a little competition to suddenly boost productivity” (qtd. in Penn 1). Although some critics argue that competition may develop a negative atmosphere in the workplace, businesses should promote competition in order to function in a changing society, establish efficient performance, and enhance their customer’s satisfaction.

Businesses should promote competition in order to function in a changing society. America seems to grow bigger structurally and technologically everyday. Businesses need to keep up with these advancements. Designing and selling top quality products for America, competition challenges businesses to create a better future. When competition arises between two industries, the sight of competing drives consumer business to the industry that successfully lowers the prices on their products. Successful industries remain up-to-date with society becoming top-notch in the field they compete in. Competition teaches businesses what will work in their market and what will not work. The consumer demand for products always appear no matter what. How industries produce that product determines how successful the business operation becomes. “Compet...

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...ometimes goes another route and leads to productivity decrease. If business professionals enforce competition in their business, the aspect of getting the job done efficiently reappears almost instantly.

In this day and age, the human society with the will to win is absent. People are lazy and avoid the competition. If employers employ the right people for the job with the right mindset who are willing to work diligently and efficiently through all struggles involving business, then they want competition in and around their firm. Competition, tough and non-regrettable, is not for the lazy worker, so if employees want to see productivity in their business then they find the right people who know how to work hard. So if a business wants to see itself grow and establish, then the right answer to see these gains involves a little bit of external competition.