• Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep

My First AWA - Issue - Competition is good for the company.

This topic has 0 member replies

If possible, please comment also.

6
 
33% (1 votes)
5
 
0% (0 votes)
4
 
33% (1 votes)
3
 
33% (1 votes)
2
 
0% (0 votes)
ritz Senior | Next Rank: 100 Posts Default Avatar
Joined
08 Mar 2008
Posted:
59 messages
Thanked:
3 times
Test Date:
April 19, 2008
Target GMAT Score:
740

My First AWA - Issue - Competition is good for the company.

Post Sun Mar 30, 2008 1:51 pm
Elapsed Time: 00:00
  • Lap #[LAPCOUNT] ([LAPTIME])
    Issue - The presence of a competitor is always beneficial to a company.
    Competition forces a company to change itself in ways that improves its practices.
    Response -
    If we did not have competition in sports, we would not have had olympics. We could have never imagined a man running as fast as to cover 100m meters in less than 10 seconds. This same rule of competition applies to every sphere of life. In the corporate world, the importance of a good competition for a company to succeed in the long run is as great as a good corporate culture.
    The competition stimulates the organization to do better than it is doing at present, in all the spheres of its operations. It forces the company to change & improve its practices & policy, becuase if the company does not improve its practices, soon it will be lagging behind in the market.
    For example, American cars company A was making profits & going through a good phase but gradually sales started to diminish as companies from Japan came into American market & started eating into A's market share. Japanese companies did it by keeping the price lower for their cars while providing the car performances as good as company A's cars. Soon company A realized that Japanese car makers could reduce their price as they did not have huge inventory costs & this resulted in A to start using just in time technologies, as being used by the Japanese car makers.
    On the other hand, if company A was not under pressure from its japanese competitors, it might not have realised that huge inventories costs are making it's cars costlier & hence many prospective custmores are not buying the cars because of the high price. This would have reduced its sales & hence profit.
    So we can clearly see that the competetion was the force that prompted the comapny A to change & improve its practices.

    Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums!

    Best Conversation Starters

    1 Vincen 180 topics
    2 lheiannie07 61 topics
    3 Roland2rule 61 topics
    4 ardz24 40 topics
    5 VJesus12 14 topics
    See More Top Beat The GMAT Members...

    Most Active Experts

    1 image description Brent@GMATPrepNow

    GMAT Prep Now Teacher

    160 posts
    2 image description Rich.C@EMPOWERgma...

    EMPOWERgmat

    102 posts
    3 image description GMATGuruNY

    The Princeton Review Teacher

    99 posts
    4 image description Jay@ManhattanReview

    Manhattan Review

    86 posts
    5 image description Matt@VeritasPrep

    Veritas Prep

    80 posts
    See More Top Beat The GMAT Experts