It's competition that forces companies to get out of their complacency.
Sentiment: NEGATIVE
As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.
I think that companies always become complacent, over time. Or most companies, that is.
It's harder than ever to build an enduring company. As soon as a product strikes a nerve with customers, competitors emerge globally because the costs to start are so low.
Markets change, tastes change, so the companies and the individuals who choose to compete in those markets must change.
When a company is not being guided by the products they make and what the customers need, but by how they can manipulate the system - get regulations on their competitors, or mandates on using their products, or eliminating foreign competition - it just lowers the overall standard of living and hurts the disadvantaged the most.
When you love competition, you don't want the market to consolidate.
When companies minimize their costs, they can spend more on R & D and marketing. It's just very logical.
Corporate competition is fierce, viewed by many as economic warfare where all is fair. But politics... now, this is something unique.
The successful companies try to keep the new entrants down. Now that's great for a company like ours. We make more money that way because we have less competition and less innovation. But for the country as a whole, it's horrible.
Whatever the trend in exchange rates or whatever the external factors, a manufacturing company is always faced with the mission of transforming itself into a company that can produce higher value-added to absorb the increase in the cost of living in the country it's operating in.
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