Competition is there to make us be better than the person next to us, to make us work harder and strive for our goal. People set high standard so they can win from competing. If the structure of competition is a win-win situation, no one would have to strive to be the best, because they will automatically win by doing the minimal requirement Words5 Pages. Yes, it is to a certain extent. Competition is good for us as it challenges each individual. Without competition, there would be no standards and we would not know how to improve on areas we lack. In addition, we may not know where we stand, be it mentally, physically and academically. Different kinds of competition challenge us in different aspects Competition is an indispensable part of life on our planet, where only the strongest can survive. This is the law which outlined the whole idea of Darwin’s evolution theory and the main principle of business practices. Competition is the basis for any sport, job interviews and college admission procedures. But is it good or bad?
Competition essay essays
We use cookies to give you the best experience possible, essay about competition. Competition is an important characteristic of an economic order of society.
It could be either constructive or destructive. Business organizations compete with one another. By increasing this competition, the government provides incentives for the production of quality and reasonably priced goods as well as helps lessen the inefficient use of resources, essay about competition.
Competition is healthy for business enterprises. Competition may exist between organizations in different lines of business as well as between organizations in the same line of business. Usually business firms compete only with other firms of essay about competition same kind. Don't use plagiarized sources. The Philippines is an extremely complex society that defies every generalization. Competition essay about competition the rivalry among business to sell their goods and services to buyers.
In such competition, it is important to know and to do ethnical practices, such as fairness and fair trade relations, services above profit in economic pursuits, and equality as driving force in business development and entrepreneurship.
In fact, competition can be used effectively to increase productivity. Competition in business, may cause a wide array of ethical problems. They could be understood better by examining the prevailing values among the people. Healthy competition will push business organizations to improve their products and services and to essay about competition more efficient, but whenever competition leads to wasteful pursuits social interest suffer. Likewise, individuals compete to sell their skills and abilities.
Thus, competition encourages individual leads to wasteful pursuits social interest suffer. Thus, competition encourages individuals to improve themselves as well as preserve their interest. Business firms compete in different ways. It may compete in the basis of prices; this competition is more aptly called price competition, essay about competition.
It may also provide extra services such as offering free delivery, parking space, etc. hey also compete with packaging and labeling, the more creative, more unique and the more attractive the saleable one, essay about competition, in short the label or the packaging should be eye catching. Competition, to be constructive, must be fair. Business competition is an important aspect in an economy for the success of any economic system depends primarily on competition.
The government therefore, must guarantee the existence of fair competition in the country. It must regulate competition in business to protect public interest.
When we say public interest, in every rules or guidelines it will not affect the public, the public will be benefited. Presently, essay about competition, business is under fierce attack for many unethical competitions in business. Sharp competition leads to unfair competition. According to Arthur M. When we say bribery, it is not only unethical practice in business, but it is also a crime punishable by law.
It is a desirable that this business practice be stopped. In short, a bribe is a payment made by the intent of influencing directly the conduct of an individual. For example a bribery can be in a form of an account given for a particular arrangement that favors an individual through a facilitation that is not in consonance with the established procedures or policies of the organization.
No personal gifts can be accepted in business. Bribery is committed by an individual who offer a gift or make a promise to any person for the purpose of executing an act which may or may not be accomplished. While, extortion is getting money or anything of substantial value by violence, threats or similar acts. It exists when individual demands payment of any sort for the execution or non-execution of acts which he is obliged to perform or to omit under the terms of his employment contract.
It caused, in some cases, unethical issues to essay about competition condemned. It is a serious violation of the fiduciary relationship between the employer and its employee.
These business practices are covered by essay about competition and ethics. Such competition does not care about what is right. In that case, it abandons good business principles and sacrifices ethical ideals and practices. Unfair competition is essentially directed against general public.
Two of these unlawful means are the imitation of goods and false advertising. While there are many laws on fair trade, as one familiarizes himself with them, essay about competition, one realizes that it is a law honored more essay about competition the breach than in the observance. Among the Fair Trade laws in the Philippines are the following: a. Price Tag Law b. Price stabilization Law c. Law on fraudulent advertising, Mislabeling or Misbehaving essay about competition. Business name law e.
Bulk sales law f. Filipino Retailers Law These are good fair trade but what is discomforting is their implementation. If angels were to govern men, neither external nor internal controls on government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and the next place obliges it to control itself.
There is nothing wrong in adapting the situation. What is wrong is taking advantage of opportunities at essay about competition expense of others. Thus, the government must protect the people from unfair competition and to guarantee that no individuals will abuse their powers in such situations. Analyzing its problems and ways, a business firm can gain competitive advantage over its rivals. In general, the modern forms of unfair competition fall into two classes; a. Presently business competition has become keen and demanding, essay about competition.
Talent and persistence alone no longer guarantee success. Thus, society must accept the reality that nothing matters for businessmen but their profit. If business is wildered by the shifting demands, it is not alone. There is lack of comprehension on business ethics among many public officials, too. If government often fails to solve problems that are turned over to it, or comes far short of doing so, this failing may be due more to the nature of the problems than to the nature of government.
Certainty, essay about competition, the government is not infallible, essay about competition. So this, shortcoming of the government must be corrected. But concerned, continuing effort at every level to explain the complexities of policy, to bring the people into the process of evaluating alternatives, to admit indecision when evidence is inclusive, to promise only what can realistically be expected- that is the only way our democratic system can be revitalized and the public confidence restored.
However, the majorities of its employees have been honest and have upheld the trust of the people. While competition has played an important role in business development, it also caused destructive effects on it.
Hence, regulation of business is undertaken by the government to prevent harmful business competition, or protect the interest of the general public. Irresponsible competition does affect business and the economy and for this essay about competition government has duty to see to it that the workers and legitimate business and general public, trying to distinguish between them or to deal with them as separate issues not inconsistent essay about competition reality.
The relationships of business and the general public cannot exist in a vacuum. The government must establish its priorities. This is important since another prerequisite for success in business competition is personal relations.
Essay about competition must cultivate trust and confidence in their people. Essay about competition is therefore, essay about competition, important that ethical lines be drawn between personal interests and public duties.
Certainly, business and government need each other, and they will satisfy their needs by essay about competition. At this point, it is the President of the Republic of the Philippines who sets the moral tone in public office in the country.
on the moral tone of the administration depends its survival, considering the public mode. If the moral standards are kept high it becomes very difficult to fight the administration. Business must face fierce competition. In doing so, it is first necessary to have knowledge on how people see business ethics and what they do to make it reality.
By viewing what it is, it become easier to judge what it may be. Cite this Business Competition Business Competition. Business Competition. Accessed May 19, This is just a sample.
You can get your custom paper from our expert writers. All you need to do is fill out a short form and submit an order. See Pricing. What's Your Topic? Hire a Professional Writer Now. The input space is limited by symbols. What's Your Deadline? How Many Pages? Sign Up and See Pricing. Please enter valid email.
How I wrote 1st class essays at Cambridge University (how to write the best essay)
, time: 8:17Business Competition Example | Graduateway
Feb 02, · By definition, competition is working for a goal in such a way as to prevent others from reaching their goals; however, in our society, we simply put it this way: I win by making sure that you lose. At a Cyber Internet Café (CIC) place last year, death actually occurred because of Competition is there to make us be better than the person next to us, to make us work harder and strive for our goal. People set high standard so they can win from competing. If the structure of competition is a win-win situation, no one would have to strive to be the best, because they will automatically win by doing the minimal requirement Oct 17, · Competition is the rivalry among business to sell their goods and services to buyers. In such competition, it is important to know and to do ethnical practices, such as fairness and fair trade relations, services above profit in economic pursuits, and equality as driving force in business development and blogger.comted Reading Time: 8 mins
No comments:
Post a Comment