Competitiveness in business essay

Industrial location and competitiveness Industrial Location and Competitiveness The interaction between the extent of location advantages and the intensity of firm competition relative to the size of the market jointly determines the location of industrial activity. Technology, factor endowments, geography, and scale economies are influential for determining location advantages, while agglomeration, variety, proximity, and market access are important for determining the intensity of firm competition relative to the size of the market. This implies, as illustrated below, that sometimes what appears to be a minor change in the balance of the forces determining industrial location may turn out to have drastic consequences for the global distribution of manufacturing activity. After a brief overview of the strong industrial sectors for a selection of countries, we provide some information on the ongoing process of globalization.

Competitiveness in business essay

Industrial location and competitiveness Industrial Location and Competitiveness The interaction between the extent of location advantages and the intensity of firm competition relative to the size of the market jointly determines the location of industrial activity. Technology, factor endowments, geography, and scale economies are influential for determining location advantages, while agglomeration, variety, proximity, and market access are important for determining the intensity of firm competition relative to the size of the market.

This implies, as illustrated below, that sometimes what appears to be a minor change in the balance of the forces determining industrial location may turn out to have drastic consequences for the global distribution of manufacturing activity.

After a brief overview of the strong industrial sectors for a selection of countries, we provide some information on the ongoing process of globalization. Next, we review some of the forces determining industrial location and give recent changes, which are the result of these forces.

Finally, we discuss the importance of local interactions between producers, consumers, and firms for determining competitiveness and the location of industrial activity. Who produces and exports what? Revealed comparative advantage Before turning to some of the explanations that have been put forward to explain the current distribution of the location of industrial activity, we briefly explain how to determine empirically which country holds a particularly strong position in the production of which good.

Based on the work of Bela Balassa, it is also known as the Balassa index. How does this work? Many countries are, for example, producing and exporting cars. The Balassa index is therefore essentially a normalized export share.

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This must have something to do with the easy availability of factor inputs that is wood from the large Finnish forests, as discussed below. In general, sectors with a high revealed comparative advantage tend to sustain this advantage for a fairly long time.

Tobacco, for example, is always the sector with the highest Balassa index in the USA. Changes over extended periods of time are, however, also possible.

Table 1 gives an overview of the sector with the highest Balassa index in for the 20 OECD countries. In general, the highest Balassa index for large countries is lower than for small countries. Also note that the labour-intensive footwear industry is the highest-ranking sector for Spain, Portugal, and Italy.

A closer look at the changes in the distribution of the Balassa index shows that: These points to An increase in international specialization.

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There is no clear-cut relationship between labour productivity and sectors with a High Balassa index. Two questions now come to the fore, why do countries tend to specialize in certain industries, and why do we find those industries in particular locations? In order to answer these questions we take a closer look at globalization.

Globalization The trend toward increased interaction with distant markets and competition from foreign firms has been going on for at least years, although not monotonically. During the 19th and early 20th century, for example, declining shipping rates and declining levels of protectionism resulted in a highly global world economy as measured by world trade as a percentage of worlds Gross Domestic Product GDP.

This reached a peak of about 8. Similarly, there were very large capital and migration flows before Of course all business wants this, and Porter just helps a business create very strong competitive forces starting from what they currently have as a company.

The first force is the threat of other products or creating substitute products other than what the company usually sells (Porter, ). Free Business essays. Home.

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According to Papanastassou & Pearce (), Porter’s diamond is one of the few models in international business research that illustrates what comprises national competitiveness within a given industry. Definition Of Internal Alignment And External Competitiveness Business Essay The It Alignment On Organizational Growth Commerce Essay ; Competitiveness Strategies Employed By Giant Supermarkets Business Essay ; Internal communication means all methods (internal newsletters, intranet) An Organizational External Environment Business Essay. I feel that the comparison between our nation’s competitiveness and the competitiveness of a single business and all of its operations have a strong positive correlation. We will write a custom essay sample on Global Competitiveness specifically for you.

business competitiveness Essay by sweetlin, University, Bachelor's, B+, May download word file, 3 pages download word file, 3 pages 0 votes. The HBS report on the State of U.S. Competitiveness provides a comprehensive analysis of five years of research from the U.S.

Competitiveness in business essay

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