Many organizations around the world fear competition. They are scared that another bigger badder organization is going to come along that can offer the same features and benefits but will offer them: quicker, cheaper, with more customization, with better customer service, etc. Competition is actually a good thing, in fact it’s a great thing.
Without competition Apple would have never created their Ipod, Microsoft would have never created Windows, and Google would probably be non-existent. Competition is essential because it leads to one very important thing, innovation.
People are always looking for products with more features and capabilities, products that cost less but can do more, and products that just plain solve their needs or wants better than any other product can. When companies compete, consumers get what they want.
But what do the companies get? Well, when companies compete they set new standards for other companies to either match or to beat. When a company sets a new standard, it gets more recognition and an increase a revenue. Then another company comes along and raises the bar, that company now gets the recognition and the increase in revenue. And so the companies dance, until someone makes a wrong step, then the dance is over.
The reality is competition is everywhere, I know competition is not encouraged in many schools, which to me seems like educators are depriving students of a valuable life skill (and fact). Sure you can tell kids or students that everyone is a winner. However, what happens when they get out in the real world and realize that everyone is competing for that same job at that same company?
On the contrary, people considered that if those company would have worked together, the products we have today would be far better. "Competition isn't essential because it's not the only way to lead to important things, innovation." Competition leads to unnecessary enemies.
Without competition Apple would have never created their Ipod, Microsoft would have never created Windows, and Google would probably be non-existent. Competition is essential because it leads to one very important thing, innovation.
People are always looking for products with more features and capabilities, products that cost less but can do more, and products that just plain solve their needs or wants better than any other product can. When companies compete, consumers get what they want.
But what do the companies get? Well, when companies compete they set new standards for other companies to either match or to beat. When a company sets a new standard, it gets more recognition and an increase a revenue. Then another company comes along and raises the bar, that company now gets the recognition and the increase in revenue. And so the companies dance, until someone makes a wrong step, then the dance is over.
The reality is competition is everywhere, I know competition is not encouraged in many schools, which to me seems like educators are depriving students of a valuable life skill (and fact). Sure you can tell kids or students that everyone is a winner. However, what happens when they get out in the real world and realize that everyone is competing for that same job at that same company?
Furthermore, Microsoft and Apple would not have developed windows or O/S or the I-pad if they didn't want the end product to be better. What about the Wilbur and Orville Wright and the modern airplane? What drove them to invent the first plane? What about the wheel? Did billions of our ancestors build it because of competition?
The answer would be no. People invented it as they felt the need for it. Need and competition follow parallel tracks but need stays a little ahead. When competition starts leading and need lagging, the problems start.
Moreover, Scientific studies have shown that people having no competition produce more creative and innovative results than those who were competing when they have to solve a problem.
Finally, in my opinions, I think competition is good when it really makes people innovative and the world better, otherwise competition is never good when you're the one who lose.
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