Rank: Instructor
Groups: Registered
Joined: 6/8/2010 Posts: 149 Location: Winnipeg
Thanks: 0 times Was thanked: 0 time(s) in 0 post(s)
|
Feedback: 5/6 - Excellent opening remarks & example. Well developed, and focused. - Again, your 2nd example is excellent. The same theme is kept, which makes your essay seem cohesive & developed. - Resolution is good, but perhaps your 3rd paragraph is too lengthy. You have developed your previous examples very well, so simply referring back to them would be sufficient in order to support your resolution. Also, the resolution could have been stated somewhat more clearly as in 'When there is an atmosphere of competition, yadada. In contrast, when a niche market exists, yadada.' - Great use of vocabulary. Limited (if any) small typos. No spelling or grammatical errors. jflear wrote:The main concern of any business is their bottom line. In business, in order to be successful, a profit must be made. Although this goal is common to all businesses, the way in which the goal is achieved differs. In many cases, in order to maximize profits, it is necessary to give oneself the competitive edge by exploiting other similar businesses, and ultimately making the company's fortune at the expense of it's competitors. Take, for example, the introduction of Wal-Mart stores in small towns. Wal-Mart's large superstores which provide all the basic necessities for it's consumers, including clothing, sports equipment, groceries and furniture, pride's itself on providing the lowest prices possible for their products. By doing so, Wal-Mart jeopardizes the ability of local businesses to survive, because the smaller stores simply cannot compete for the low prices that are offered by the large superstore. In this case, the fortune that Wal-Mart makes when stores are introduced into smaller communities is made at the expense local business.
Opposing this concept of exploitation for success, some business achieve their fortune by recognizing opportunities where a niche exists which has simply not been filled. For example, in the small rural community of Southhampton, Ontario, a Tim Horton's was recently constructed, and since has become a very busy and successful business. Prior to the opening of this coffee chain, there was no other place in Southhampton similar to TIm Horton's. Although there were various restaurants where coffee could be purchased, there were no businesses such as cafe's, catering to people who wished to have a coffee on the go. In this case, Tim Horton's was able to make a profit, not by taking customers from other local businesses, but by simply taking advantage of an opportunity to provide a town with a service which was not being provided previously.
Thus, in order for businesses to make their fortune, it is often necessary to do so at the expense of others. However, some businesses can be successful and make a fortune without causing harm to other businesses. Perhaps a determining factor is whether or not the company which is making the money is establishing competition with other local businesses. In the case of Wal-Mart, customers are drawn to the lower prices offered by the large department store, while abandoning the previously established local businesses, who are unable to provide the same low prices. By competing with local establishments for business, Wal-Mart it able to make a great fortune, while the other businesses suffer. On the other hand, in the case of Tim Horton's, there was no other business providing the same service in Southhampton, Ontario. Therefore, Tim Horton's was not taking any business away from local coffee shops, and thus not causing harm to local businesses in the interest of their fortune.
|