The Article analyses the concept of competitive advantages, creating competitive advantages, model competitive advantages. It is argued that competitive advantage is influenced by the factors such as infrastructure, the complexity of the business, labor and goods market efficiency, financial market complexity, innovation, technology, institutions of higher education and training, and macroeconomics. It is also believed that equally important for are both external as and internal factors These factors determine whether a company is able to defeat its rivals and lead the market. Competition has its theoretical models and competitive advantage in the development of strategies as part of the targeted helps companies gain a competitive advantage over the competition. It is important to regularly monitor and examine the target competitors’ strategies to quickly respond to their actions in order to grasp how to overcome them and find themselves in the leadership position it so that to survive and conquer the market.<ClickHere>
Tools and Resources centre
Competition, Strategy, and Competitive Advantage
What does it mean to compete with other firms in a business environment, what does it mean when a firm has a competitive advantage over its rivals, and what generic strategies can a firm implement to gain advantage over its rivals?<ClickHere>
Competitive advantage
Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry. Achieving competitive advantage strengthens and positions a business better within the business environment.<ClickHere>
Firms in International Trade
In discussing the origins and implications of international trade, economists usually emphasize comparative advantage, increasing returns to scale, and consumer love of variety, but pay relatively little attention to the firms that actually drive trade flows. Yet engaging in international trade is an exceedingly rare activity: of the 5.5 million firms operating in the United States in 2000, just 4 percent were exporters…. <ClickHere>
International Investment and International Trade in the Product Cycle
Raymond Vernon’s classical article on the product cycle theory.<ClickHere>
International Trade, Security, and Transnational Terrorism : Theory and Empirics
The authors offer a general analytical framework illustrating the complex two-way interactions between trade and transnational terrorism. Then they survey the recent economic literature in light of this framework by pointing to the importance in empirical studies of (1) controlling appropriately for theses interactions, (2) distinguishing between “source” countries and “target” countries of terrorism, and (3) taking into account the intertemporal persistence of terrorism between specific pairs of countries. <ClickHere>
Gravity theory of trade
In attempting to understand the pattern of trade in a globalised world, economists have frequently used the Gravity model. <ClickHere>
Global pharma groups promise co-operation on coronavirus
The world’s biggest pharmaceutical companies have said they will work together to try to find treatments and a vaccine to tackle the coronavirus pandemic that is sweeping the world. <ClickHere>
Shionogi forms JV with Ping An to expand in China and targets immuno-oncology for next venture
Japanese infectious disease specialist Shionogi & Co. Ltd. said it will partner with Chinese insurance giant Ping An to establish a data-driven joint venture to develop new drugs in a deal involving ¥33.53 billion (US$311 million. <ClickHere>
Can Copycats Take On $198 Billion In Blockbuster Biotech Sales?
Over the next five years, biotechnology copycats will steal market share away from blockbuster drugs made by such major pharmaceutical companies. <ClickHere>