Question

Advantages and disadvantages of competition law

Answer 1

Self-improvementAnother way in which workplace competition can be an advantage for workers is that it can spur a commitment to self-improvement. While financial incentives and bonuses are always a plus to get the competition going, those who see the bigger picture may take the competition as an opportunity to better themselves in the process of winning the competition. Self-improvement may include actions like changing work habits to be more organized, using visualization and goal setting to achieve goals and simply performing higher quality work.TeamworkNot all competition in the workplace necessarily has to take place at the individual level. Competition can engender a senseof teamwork in the workplace when workers are placed in groupsand asked to compete with one another, which can have a number of positive results that come from workers cooperating with each other. For example, workers can learn the value of communication and helping someone else, both of which can spill over into other areas of work like customer service.DisadvantagesWorkplace competition is not always positive. It can create unhealthy rivalries that result in workers resenting one another, which is especially true if one person or team always wins the competitions. This can result in a gap between the "haves" and"have nots" that may prove to be unhealthy in internal work relations. Competition can also create undue stress that may actually prove to be counterproductive to some worker's efforts. Some workers don't perform well under pressureand are actually more productive when the work environment allows for a more easygoing approach to getting work done. Fierce competition may also result in a"win at all costs" attitude that may even bring out the worst in some workers.

Answer 2

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A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices.

The Disadvantages of Antitrust Laws. The objectives of antitrust laws include encouragement of fair business competition and protection of consumers and competing companies from anti-competitive business practices.