Competition in business is inevitable and individuals have to devise strategies that could enable them not only cope with competitors but also have a healthy relationship with their competitors. Healthy competition in business can be advantageous since it can help to grow the business sector. Moreover, healthy competition ensures that businessmen offer quality products and services to their customers (Lütge, 2019). Competition also ensures that there is no market monopoly so the prices remain fair. A healthy Biblical perspective on competition in the market place can be achieved by following the teachings of the Bible about relationships. Jesus talks about the importance of building relationships even with those whom might be considered as enemies. In business, competitors might be deemed as enemies but without competitors it would be difficult to know if the business is failing or succeeding (Nilsson & Rapp, 2004). It is better to see competitors as individuals who help one achieve his or her goals of success rather than people who must be fought. Additionally, it is good to keep a positive attitude about competitors since one might not know when these competitors will help him or her. Business people should learn that other competing business people are trying to earn a living just like them and even though they compete for customers, they should lend a helping hand when needed. Indeed, Jesus taught that one should love their neighbor as one loves self and in business loving competitors would lead to a healthy business environment, which would attract customers. Moreover, if nothing comes off being good to competitors, one can always have the satisfaction that comes from knowing that the earnings he or she made from his or her work was honest and he or she lived in accordance to the word of God.
Wisdom and counsel are important when starting a business because they help one make the right decision. When starting an enterprise, individuals should have a business plan thar maps the road to take to achieve the objectives of the business. A business plan allows individuals understand the market they want to venture in as well as know what to expect (Jay, 2014). Applying wisdom in business is important for one applies the knowledge he has to determine which business idea is viable and which pitfalls to avoid. Wisdom comes from listening to advice from other people, especially those who have operated a similar business in the past and succeeded and family and friends. One of the things that a wise person should consider is the time it will take to get a return on investment. Many individuals go into business not knowing that it might take them some time before they can start reaping the benefits of their investment thus they give up when the returns do not come as soon as they had anticipated (Jay, 2014). Therefore, applying wisdom is important for it allows individuals make informed decisions about business ventures. Counsel is also essential for it prepares individuals aiming to get into business on what to expect in their journey. It is wise to seek counsel from people who have succeeded as well as failed in the corporate world to understand the intricacies of the business. the successful individuals will share some of their secrets to success and those who failed may share the reasons why they believe they failed and this information will help one make the decision whether the business idea is a worthy investment or not. While there are those individuals who have been the first to come up with a business idea and succeeded, it is wise for individuals aiming to invest resources in a business to seek counsel and implement the findings.
Numbers are important in business for they help to indicate whether a business is growing or failing, while to God numbers are important because they show His strength, accountability, and faithfulness. In 2 Chronicles 2, Solomon sets out to build a house for God to fulfill the promise that God made to David that his son would build him a house. Solomon gatherers laborers in tens of thousands to build the house and these numbers help the faithfuls to visualize the nature of the project that Solomon undertook. The numbers indicate that the magnitude of the temple Solomon was setting up was none like any other project that had been undertaken. They also show the overwhelming nature of God. the numbers helped Solomon remain accountable to all the people he had employed to build the temple. In Numbers 26, God commands Moses and Eleazar to take a record of all the individuals who had survived the plague. The numbers were essential because they enable Moses and the children of Israel to understand God’s strength and ability. Moreover, God needed Moses to be aware of the individuals who can perform different tasks, such as going to war, for accountability purposes. Additionally, keeping a record of children and adults was necessary because it helped to show the magnitude of God’s power when he performed miracles, such as feeding the Israelites when they were in the wilderness. God’s need for numbers is meant to showcase that he is usually with his people even when they were faced by adversities. for example, it did not matter the number of soldiers on the Israelites side when they engaged in war because many times, God fought for them so that they could understand his strength and faithfulness.
A good steward is one who is able to manage and grow the resources given unto him or her by the owner. Luke 16: 1-13 shows the importance of being a good steward. the man who had been accused of misappropriating funds needed to redeem himself and so he called all the debtors and asked them to make reduced payments on what they owed thus saving the man’s job. One of the importance’s’ of being a good steward is that it builds trust between the employer and the employee (Kielbasa & Zanzig, 1998). The man in the Bible was summoned by the rich man because the rich man had heard that the steward had wasted his goods. The rich man wanted the man to account for every decision that he had made. One of the reasons for companies failing is misappropriation of funds by those who are in charge and this not only leads to broken trust but also job loss for innocent employees. In addition, from Luke 16:1-13 passage one learns that to be a good steward, one must keep a record of his or her expenditures. When the man was asked by the rich man to account for the money spent he called upon all debtors thus indicating that he was knowledgeable about the whereabouts of some of the rich man’s money. Keeping records enables one know how much has been spending and how much remains. Moreover, it makes it easy for the owners as well as the investors to track how the resources are being used and the returns they make from such investments. Therefore, the passage in the Bible indicates that good stewards are accountable and keep records of all the expenses.
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Lütge, C. (2019). The ethics of competition: How a competitive society is good for all.
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Kielbasa, M., & Zanzig, T. (1998). Stewardship: Creating the future. Winona, MN: Saint Mary’s Press.
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Nilsson, F., & Rapp, B. (2004). Understanding competitive advantage: The importance of strategic congruence and integrated control. Berlin: Springer.
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Jay, L. (2014). Self-employment–the secret to success: Essential tips for business start-ups: the beginner’s guide to setting up and managing a small business.