Monday, August 4, 2008

Business Competition : The Change in Attitude

There is remarkable change in attitude, in Business Competition . Most of the key players in every segments have understood the importance of creating network of collaboration in order to successfully compete in the market . Often, after conquering the competitor through hostile acquisition , corporates re-instate their position in the market . Corporates have understood a great lesson on competition , that to successfully compete in market , you have to successfully collaborate first. It is the time for small business to understand this lessons and practice it in their business operations.

This is important , as while consulting in the small business sector, I have gathered this experience that most small business who are very hostile to their competitor and doesn't collaborate in the market while competing , stand as a looser at the end. There is need for change of attitude in the SMB sector in regards to competition.

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