Lauren Foleys Management Blog: "Should one company be able to dominate and become so powerful, that if they go bankrupt it causes the whole market to crash?"
i feel that there are so many chances for companies to become a competitor that it is not the powerful company's fault when they are able to create such a dominant structure. the way our government is set up is that the best business plan and execution of that plan will lead to the most success. yes it is too bad if they find themselves facing bankruptcy but that only opens a new door for different businesses to step up and take over the lost power in the company.
what we really need to find is the answer to why these businesses are failing. is it all due to not being able to meet the expectations of the consumer or is some of it based on greed? if the wealth in the industry was better spread would it solve these problems when bankruptcy hits?
Friday, November 6, 2009
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