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Benefits of Competition in Business

From Web Smart Newsletter: Proverbs and Ecclesiastes on Business
Originally published February 2005 - Updated July 2006. By Eric Holter.
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Competition in Business

I have seen that every labor and every skill which is done is the result of rivalry between a man and his neighbor. Ecclesiastes 4:4

Competition can be a very healthy thing. Seeing someone doing something better than me does not have to make me envious, but it should provoke me to improve. Sharpening skills and improving products is a good thing. Who wouldn't want a car with better gas mileage, or a computer with a faster processor and larger hard drive? Competition forces improvements that benefit everybody. Understanding that the "jealousy" I feel when I see someone do something better does not have to be "bad jealousy." Instead, it frees me to admire a competitor's business success and spurs me on to improve my own. I've been encouraged not to fear competition, but to value its influence on my business.   next >

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