This is the age of technology. Every day new inventions, new discoveries made. The world moves forward in rapidly. The people are struggling for success and satisfaction in life in the harsh face of competition. The competition is everywhere, in every street, every aspect of life from childhood to old age. Nothing escaped the competition.
This is very important for the impact-both positive and negative competition in the Community. Competition is the force that man for a goal, a goal goes higher purpose. In school, students compete to a higher value. Athletes in competition for more to gain more marks. The companies compete against each other for better sales, larger market. Just because there is no competition, people are forced to beat harder, better and more efficient way to overcome it work!
Healthy competition is very important for the overall development of individuals, communities and nations on a broader perspective. Take the Indian car industry for instance. It remained stagnant till the late 80′s with only 2 companies offering the same cars for 3 decades. Once the economic reforms came, many companies came into fray and competition increased. In the face of competition, new models, new features, better performing cars are being produced constantly. All this ultimately benefits the customer who gets a wider range to make a choice from.
The same example can be applied in every other industry. Competition can only give a thrust to progress. No one can afford to be complacent and sit with fingers crossed. It will only leave one behind in the race. Competition expects and promotes fresh thinking, new ideas, better and more hard work. It makes one sit up and take notice of the world around. As someone aptly said,’there is no business without competition.’
Competition in a positive and healthy way is the road to progress. But the moment it is used in a negative way, it can prove harmful. We see the use of performance enhancing drugs in sports- athletes being banned and so on. Companies indulge in malpractices like accounts tampering, publishing false reports to up their stocks.
A most apt example to conclude the discussion- This is a story from the heights of competition for supremacy in space between Americans and the Soviets. US astronauts faced difficulty to write with ball point or any other pens in space. NASA spent 12 million dollars and a few years developing a pen which could write anywhere on any surface without any problems. When relations became friendlier, soviet cosmonauts were asked what they used. The answer-a pencil.
Competition is ultimately more beneficial than detrimental to society, only if indulged in a healthy way. Unhealthy competition will only lead to destruction of faith, goodwill in society
You are correct that competition is good in many ways, ranging from benefits to individuals to benefits to the economy as a whole. One thing that is overlooked in competition is that they can improve your image! If you deliver exceptional service, the more average competitors, the better you appear!