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I agree with Irphan, as competition has more advantages than having the monopoly. Competitors are power behind your own development, product improvement, better customer services. Beside, competitors open for you new markets. Whether you know it or not, many customer get to know your product and choose it because of your competitors.
I see competition is a healthy war.
It was a recommendation and history speaks otherwise. Business entities do not have lust for power. Such entities strive to grow on mutual benefits. Creativity will die if market becomes monopolistic; competition creates and advances development for all in the playing field and is beneficial for all.
In the book “48 laws of power”, it was recommended to crush one’s enemy totally. Is it advisable in business to crush competitors totally, bearing in mind the possible benefits from the competition if still ongoing and active?
Always try to develop your business if you are going to crush your competitor totally so you should have to be ready because next No is your.
thanx for new info,, dickson
It is never advisable to crush anything totally. If you are driven solely by power and money, you can never succeed. Greed will only lead to ultimate personal failure on all levels of your life.
Good Day!!!
Competition has definitely so many advantages over monopoly ......... i think SELLING THE IDEAS/CONCEPTS together is better than doing it alone and brings more customers. Rest depends on the product quality and services.
Do not agree with this idea. Equal competion is required for a sustainable market
