So in my management course, we're learning about planning in coporations. A good plan is necessary for a better chance at success in business, for as the old adage goes: Failing to plan is planning to fail. And having that knowledge available, still a surprising number of new businesses do not survive because of failing to plan. For one reason or another, they do not have a solid business plan or organizational direction or goal as far as the company or corporation is concerned. And then in some corporations, there is direct competition between units, which can also lead to the low morale of the employees and ultimately the failure of the business.

Also, the discussion board dealt with the question: if a company provides a quality product but doesn't really distinguish itself from its competitors, can it still provide a competitive edge? I answered both yes and no. I answered yes if the pricing is competitive and reasonable, which would give the company a slight edge over the competitors. At the same time, a customer--depending on their age and demographic--wants a product based on his or her particular needs and wants, so he or she might be willing to pay a higher price for the more distinctive, need/want-based product.