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How Does Competition Affect Business

News | 2026/07/01 22:02

How Does Competition Affect Business

The impact of competition on business was discussed at ACBA Business Club

At the ACBA Business Club, the focus of the discussion was on market competition from the perspective of Harvard Business School professor Michael Porter's five forces model. The speaker at the meeting was Narek Amirkhanyan, the founder of the Rearrange podcast.

During the meeting, business leaders had the opportunity to analyze how the intensity of competition affects business profitability, comparing the experience of the USA with the Armenian market.

“The ACBA Business Club is a platform where our members have the opportunity to establish new connections, share their experiences, and modify their business processes based on the knowledge and experience they gain. Our main goal when organizing club events is to offer topics that not only generate significant interest among our partners but also motivate them to further develop their businesses and improve efficiency based on the knowledge acquired,” said Hakob Hakobyan, Director of SME and Corporate Business at ACBA Bank.

“Such meetings are interesting and important because the people present have different businesses, and the discussions revolve around real examples. The ACBA Business Club is truly a unique platform and is essential for businesspeople, where it is always possible to learn,” noted Narek Amirkhanyan, founder of the Rearrange podcast.

ACBA is the first in the banking system to establish a business club aimed at developing entrepreneurship and shaping a new business culture, becoming an important platform for exchanging experiences and discussing business topics.

Under the sub-brand “ACBA Business Partner,” SME leaders are given the opportunity to acquire new knowledge and management tools, establish new business connections, and become part of the business community.

Within the framework of the “ACBA Business Partner” sub-brand, SME leaders can:

  • participate in free business courses
  • become members of the ACBA Business Club,
  • utilize the opportunities of the online business platform sme.acba.am,
  • enhance the visibility of their products by participating in the project “Produced by our partners.”

For more details, see the video.

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