Networking and competition - Assignment Example

Networking and competition Networking is the ability to form meaningful relationships with others enabling individuals conduct businesses in future (Delaney 123). Networking also enables individuals to amass a larger clientele and to maintain contacts with them for the benefit of the business. As a result, the individual business is able to reach its organizational goals and objectives, and gain more profits for the business. In the case study, Kalina took snapshots of himself for six years and later developed them into YouTube video that gained a lot of views from people. Through documenting his life through the snapshots, he was able to establish great networks with people. People greatly recognized and appreciated him through his snapshots to an extent that even if he comes up with such a creative idea in future, people will still recognize him. He saw a business idea and made it happen. However, networking requires the spirit of hard work and commitment to attain the required fruits. Had Kalina not committed himself to the daily task of taking self portraits, his project would not have thrives.
Competition is important to motivate business minded people to put an extra effort in their businesses. For Kalina to transform his snapshots into the most famous videos recognized today, he saw a video from Ahree Lee which served as his catalyst. Without such a competition, he would not have transformed his snapshots into something that would positively affect his career. Most businesses do not feel good if any form of competition tends to overtake them. This is because in today’s world, most customers flee to businesses that provide the best quality products at affordable prices. That is why most business individuals always strive to outdo their competitors to achieve the highest number of clients and maintain them. Competition is one powerful force that pushes business individuals to improve their performance. This powered with appropriate networking ensures that businesses achieve the expected goals and objectives of that organization.
Many businesses make use of networking in their marketing plan. It enables a relationship of trust to develop between the individuals involved. It also enables the company to rank its profile at a high level. In the event of networking, most businesses learn of their competitors’ strategy and ensure that they come up with almost the same or even better strategies. However, it is difficult to get hold of a strategy used by a competitor. That is why some businesses wait for a competitor to come up with a new service or product in the market and then follow suit to come up with even better services or products. However, it is important for such businesses to ensure that their employees are well motivated in their job positions, and that better job relations are also available. This ensures that employees work extra hard in ensuring customer satisfaction. Excellent customer satisfaction levels go a long way in ensuring that a business deals with competition and achieve its objectives in the business environment. It is important for businesses to seek competition and be grateful for it in order to maximize their potential in the business world.
Works Cited
Delaney, Dave. New business networking. Indianapolis: Que, 2013. Read More