Competition in business is a threat not an opportunity

To my opinion competition is always advantageous if u see it differently. Computer arises need even sometimes unneccessary needs. Competition leads to betterment in the product, otherwise the organisation will not take care of the quality and services assiciated with the preduct,

Competition is never a threat in any industry, under any circumstances. It just analyses your reading of the market, your ability to deliver, and the drive and vision the person / organization has. Competition just evens out the unfair advantages of money. It lifts you from complacency and encourages you to be innovative.

It is both opportunity and threat.

Opportunity as it allows a healthy platform for growth and provides space and time necessary for business growth.

Threat if the competitor is able to better sustain the lead on quality.

IT IS AN OPPORTUNITY.

ONE DAY OR THE OTHER ONE SHOULD FACE A COMPETITION.

COMPETITION IS AN OPPORTUNITY TO SHOW THE ADVANTAGES OF USING OUR BRAND OVER THE OTHER.

AN OPPORTUNITY TO CREAT A BRAND POSITION

COMPETITION SHOULD BE TAKEN AS AN OPPORTUNITY,IN A POSITIVE WAY.IT KEEPS YOU ACTIVE,MAKES YOU HONE YOUR SKILLS,FOCUS ON YOUR BUSINESS TRY TO EXPLORE,STRIVE TO HAVE AN EDGE OVER YOUR COMPETITORS.ULTIMATELY IT MAKES YOU UNDERSTAND WHAT IS YOUR STRENGTH AND WEAKNESS,COMPELLING YOU TO BRING OUT THE BEST IN YOU.THANK YOUR COMPETITORS FOR HELPING YOU TO GROW FURTHER,FASTER.

Thanks for the referral Mr.Sachin Kumar.

In my opinion, competition is not a threat but it is a eye opener for those who are in the same platform to compete with each others.The competition helps to know the weakness & strength of the competing marketers in the field and gives the opportunity to take corrective actions to compete again.Hence the competition leads to product differentiation that strenthen the customer base.

it is not a threat it keeps you on your toes to constantly improve your product and service, indirectly always providing a better value proposition to the customer

Thanks for the referral Mr Sachin,

I agree with Mr Rathin, more the competition, more benefit for the customer, also there is more chance for improvement and variation.

Competition creates needs and need is the mother of invention. Invention is the tool for growth. If one wants to grow, he necessarily needs to take competition as an opportunity.

"Can one play a football match with no goal posts or an opposition".  If there is no opposition, where is the fun in playing??  Always expect strong competition and you will be able to do better.  Inorder to create sound, I need two hands or else I will be waving only a hand in the air and it has no effect.

Hope there is not more explanation needed on this.....it is self explanatory!!!!

No it is not a threat. It shkes the head of the new comer to come out with new ideas and thereby benefit consumers. The existing one thinks of ways to counter those ideas. This is a healthy war which should be there.

its part of the game. it has to be there, you can't stop it so better ready for it.

2ndly its good for whole society. it improves our quality of life.

It is definitely not a threat...business is bound to have competition. Otherwise there is no success and cutting edge quality deliverables.

Yes more the competition more benifitted is the customer. Take the case of mobile phone bills I still remember an incoming was @ rs2/- per minute and out going was @ Rs 8/- per minute and today it is allmost negligible

Then how the companies are making profit it is the sheer growth today there are in excess of 370 millio users and growing at a healthy rate so the companies are makin profit. Infact more sales less profit. There are huge number of cases like this. So it is better for the companies as well as customers once the competition is there.

To add further Mr Sunil Mittal started his business with Rs 50000/- and today he sign cheques worth Rs 50000 crore.

It is not a threat if you are in the habit of giving value for money to the client and targeting your efforts to meet his needs with quality.

At firm/ micro level, competition is a threat. It results in sharing of revenue and can even throw you out of business forever.

 But from a general view point competition, is nothing short of being a necessity. Competition promotes improvisation and innovation, and for customers it offers cost reduction and better products. Pure competition puts a check on unethical profiteering and infuse continuous development into the entire system  and monopoly is advisable only for items of national importance like defense, public systems etc. Just like over diversification should be avoided; it should be ensured that competition doesn’t kill the industry. The case of mobile service providers is a good example , earlier with consolidations service price sky rocketed and now with competition they almost hit the bottom. But with majority of the players having operating losses, the competition has reached the threshold. The government have a very decisive role in ensuring optimal competition.