ramnelc

Today's industries are being saturated by the mega-corporations. Everyday there is less competition and a growing number of a few corporations having dominance over a wide range of industries including clothing, agriculture, food, and the media. This growth by a small number of companies makes it difficult for up-and-coming organizations to compete in such markets. The large companies offer prices that can not be offered by smaller competitors. An example of a company with a large share of its market is that of Nike; if Nike would be a country it would rank as the worlds 102nd biggest country, this company had profits of $19.16. The food giant McDonalds if ranked as a country it would be the 92nd largest country in the world with $24.07 billion dollars in revenue. Another large corporation with an extremely large share of their market is the the retail giant Walmart. If this company was a country it would have the 25th largest economy in the world at $421.89 billion dollars. The extreme growth of a small group of companies make it very difficult for small innovative companies to grow or further develop their businesses. Some companies are even forced into bankrupcy because they can not compete with the bargain prices offered by mega competitors.