Is Two Series Actually Healthy for OWR
Interesting thought isn’t it? Something I have pondered for some time.
When you think of any business not having competition it conjures up all sorts of negatives. Immediately you think of monopolies and all that they entail. Things like price fixing and rotten service come to mind.
When business has competition it has to adjust its prices to be in line with other like business. It has to innovate or it will loose out when others come out with new products and services. It has to provide services at least at the level of the competition or risk loosing out.
Can you think of any business today that does not have competition, I can’t! Why is that?
Perhaps it’s because there are enough customers to go around…..or are there?
Are the NFL, NBA or NHL monopolies? If we wanted to watch American football there is no other league is there? There used to be until they merged. Same thing happened in Basketball.
These are sports and we tend not to think of sports as businesses, but they are so why don’t they have competition. Perhaps if we looked at all sports as businesses then we would see that sports share customers among them just as similar brick and mortar business do.
Ok now that we have shown that sports are businesses let’s include racing. The sport of racing is a business. The sport shares customers among them…..sound familiar?
Why do the pundits of Open Wheel Racing continue to say that the split in OWR is bad for OWR? There have been two series for 10 years now. How is that bad? Didn’t we decide that competition is good for business and the customers? And isn’t the sport of racing a business?
You have to do what, to survive in business…..innovate, price and serve. Hmmm does anyone but me see this?
I think so and if there hadn’t been a split I would venture that OWR would not have been forced to examine itself and the result may have been….well disastrous for the sport.
As for having enough customers to go around I think racing will always have that. Granted NASCAR has the majority now but as long as there are good businessmen in OWR NASCAR will need to……innovate, price and serve to compete!
Think about it! Pundits can be wrong you know!
When you think of any business not having competition it conjures up all sorts of negatives. Immediately you think of monopolies and all that they entail. Things like price fixing and rotten service come to mind.
When business has competition it has to adjust its prices to be in line with other like business. It has to innovate or it will loose out when others come out with new products and services. It has to provide services at least at the level of the competition or risk loosing out.
Can you think of any business today that does not have competition, I can’t! Why is that?
Perhaps it’s because there are enough customers to go around…..or are there?
Are the NFL, NBA or NHL monopolies? If we wanted to watch American football there is no other league is there? There used to be until they merged. Same thing happened in Basketball.
These are sports and we tend not to think of sports as businesses, but they are so why don’t they have competition. Perhaps if we looked at all sports as businesses then we would see that sports share customers among them just as similar brick and mortar business do.
Ok now that we have shown that sports are businesses let’s include racing. The sport of racing is a business. The sport shares customers among them…..sound familiar?
Why do the pundits of Open Wheel Racing continue to say that the split in OWR is bad for OWR? There have been two series for 10 years now. How is that bad? Didn’t we decide that competition is good for business and the customers? And isn’t the sport of racing a business?
You have to do what, to survive in business…..innovate, price and serve. Hmmm does anyone but me see this?
I think so and if there hadn’t been a split I would venture that OWR would not have been forced to examine itself and the result may have been….well disastrous for the sport.
As for having enough customers to go around I think racing will always have that. Granted NASCAR has the majority now but as long as there are good businessmen in OWR NASCAR will need to……innovate, price and serve to compete!
Think about it! Pundits can be wrong you know!
posted by Bill Sheets at 3:29 PM
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