The Business Competition

 

The Business Competition

It may be hard to believe, but competition is good for you. It drives innovation, inspires perseverance and builds team spirit. And that's not all. Many times, the presence of competition increases the market for everyone. Competition shakes off complacency.

 

The world is built, to some extent, on the concept of competition. every living thing competes for specific resources that are needed to grow, thrive and outperform ecological rivals. As human beings, we're naturally wired to engage in this competition too. It's part of our genetic makeup and one every business owner needs to embrace.

 

The problem is that some people perceive competition as somewhat an undesirable trait. This is because these people view competition as a black and white issue. It's seen as either a win at cost or take no prisoners proposition. This imposed polarity mask the true nature and power of competition. In reality, competitiveness is neither a black nor white. A genuine competition is a valid force for change.

 

The successful business person knows that healthy and honest competition is the motive force for innovation. The business world is changing like the natural world, driven forward by this continuing innovation that occurs in response to changes in the existing environment. In the business world, these changes are socio-economic, the business that best predicts market trends and meet demands efficiently also survives and thrives.

 

You also need to remember that competition is the life blood of market place. It not only drive innovation, but it also inspires creativity and help build new paradigm. Don't shy away from your natural competitive nature. You're in the game to win the game, so are your fellow business owners