Title: WHY Is Competition Important In Business | by Ipovi John Gitonga | Tunapanda Institute | Medium
Headings: WHY Is Competition Important In Business
WHY Is Competition Important In Business
Brings About Innovation
Engineers Optimum Decision Making
Leads to Proper Utilization of Available Resources

Content: the more the sales the higher the chances of making more profit. It is, therefore, of great importance to stay ahead of your competitors. How does the competition really help businesses to grow? Brings About Innovation
Competition makes people innovative. Innovation is crucial to the progress of any business. It brings about new ideas and sees them getting effectively tested in a relatively short amount of time. If things were going well for any business, it probably would take the businesses longer to brainstorm and implement new ideas. Competition reduces the length at which the ideas are generated and put to use. This is due to the endless need of staying ahead of others which in turn forces people to act fast. Engineers Optimum Decision Making
With challenges so high, most businesses are left without a choice other than to make optimum decisions.