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: This is essential for the business to thrive in the market. It involves analyzing the competitors, market needs, trends etc and using the generated reports to make optimal decisions that work for both the business and service/product consumers. Leads to Proper Utilization of Available Resources
To achieve a reliable financial management, one must design a strategy that ensures proper utilization of available resources. We all know that resources are scarce and, therefore, should be utilized properly. Proper utilization of resources covers a wide area e.g. modifying the work structure of your workforce, recycling waste materials, engineering services to make them repeatable etc. This brings about lifelong learning to try to analyze market demands and adjust to them. Learning to stay ahead of your competition will help you develop the wings that will help you fly effortlessly. P.S: Tunapanda Institute provides lots of services such as analyzing market needs and product/service consumption behavior, developing strategic business plans, field research work and more. To hire us for these kinds of work, please contact our sales team via info@tunapanda.org or gitonga@tunapanda.org.