According to the "5 Forces" of business analysis, all industries have differing degrees of barriers to entry. This means that for certain industries it is easy for new competitors to join the industry and hard for others. This means that depending on certain factors of a certain industry there will be a large number of competitors or a small number.
After watching an interesting new show last week called Shark Tank on ABC it is apparent that America's desire for reality competition forms of entertainment has altered the traditional economic model. On this new show, poor inventors and entrepreneurs are given the once in a life time opportunity to pitch their product or service directly to five wealthy "sharks," who can choose to fight over the chance to invest in what they see. In doing so, these sharks are giving possible competitors in a given industry the chance to bypass the natural barriers to entry.
Taking into consideration the small number of people on the show and the smaller number of people who actually get funded, it is evident that a large impact will not be felt. Nonetheless it is interesting to note that given a strong enough desire even the structure of a large economy like America's can be altered.
This isn't really a comment on the post that you made. I just wanted to point out that I like how you incorporated what you learned in Strategic Management into blogging for our writing class. Porter's 5 Forces!
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