Large corporations, such as Wal-Mart and Home Depot, have been Research Paper - 1

Large corporations, such as Wal-Mart and Home end point, have been criticized for driveway mom-and-pop shops out of business. Is this - Research Paper ExampleStruggling to funding afloat, many have either interchange their businesses, had to drastically change their business model, or have gone out of business altogether. While in that respect may be some validity to the nonion that large corporations ar slowly causing the destruction of atrophied businesses, the American public can be seen as partly to blame for this modern solar day phenomenon as well. true(p) Competition Many wonder if competition in the marketplace should be fair, or whether the business mentality in America should be seen as survival of the fittest where the one with the most customers and the king-sizegest tax income wins. The free enterprise system prides itself on giving the consumer a choice. In addition, the system itself is designed to kick down anyone a chance of making it big, event if that means a large multinational corporation. To stay afloat, small businesses must adapt to the benignant beings the big corporations are here to stay. There is, however, a way to remain competitive and for a small business to retain its place as approximation shop. There are current laws guarding against the establishment of monopolies in many Western countries, including the United States, but this does not preclude a given business from becoming so large that is squeezes out smaller competitors unable to keep pace. The reality is such that big businesses have more buying power and are often able to grass goods at a lower price than other businesses of their type, but of a smaller size. The fear, of course, is that once neighborhood shops are driven out of business, then large corporations such as Home Depot and Wal-Mart, entrust have little incentive to keep their prices low. There is also the feeling across America that the tone ending of the mom and pop shop will be like lo sing a part of American refining and its heritage. In order to determine how to save these shops, however, one must first come to a mop up about what is really causing the small business to ferment a thing of the past in the first place. While smaller businesses are at a comparative disadvantage, many scholars would argue that they could locomote if they simply employ a bit more creativity and ingenuity into their business model (Bickle, 2012). Fair competition can be had between big and small business alike. The entrepreneurial mind is not limited by size. The neighborhood shop owner has the same potential to engage in productive marketing and loyalty programs to attract customers as the big business does. In fact, smaller businesses need far-off fewer customers to remain a viable player in the business world of a partnership than a large corporation does. As such, if a small business owner can become a bit more creative and enhance the visibility of their product, while pro viding a service that is capital to that of the big business down the street, the may be able to retain more than enough customers to keep their doors open. In the end, the business that can attract and retain enough customers to satisfy the goals set forth in its business model can position themselves to survive and weather economic storms. Some could argue that big business is in trouble today as well. Due to the large amount of financial and human capital that must be expended to keep a business such as Home Depot and Wal-Mart afloat, an uncertain economy brings about uncertain times for these companies as well. Recent years have seen the dying of such large retailers as Montgomery Wards and