Competition is an interaction between individuals from the same species or different species (Human, animal or vegetal) who dispute something. This dispute may be for food, for territory, for light, for employment, for female, for male and so on. So the competition is an incentive for self-improvement, it is necessary to overcome the expectations to win it. The competition can be destructive, when the individual/group/organism seeks to benefit by damaging/eliminating competing or cooperative, when there is improvement of their level by the manner through peaceful exchange and without violating other people.
Competitors can attempt to discover your new product and introduce it to the market before you. They can also attempt to gain access to proprietary trade secrets or acquire client database information.
- In 2007, the McLaren Mercedes Formula One championship team was implicated in a spying scandal that plagued the sport for the remainder of the season. In response, they were fined $100 million and excluded from the constructor’s title.
- If two companies are competing for business but exchange some information about the market, they can improve their products to increase their sales.