competitive advantage

Despite ubiquitous in strategy and related fields, the concept of competitive advantage continues to be under debate in the academy still lacking a precise and widely accepted definition.Traditionally¹ in the field of strategic management, competitive advantage has been defined as a firm consistently earning a higher rate of return than its competitors

Additional Reading.
Competitive Advantage: Sustainable or Temporary in Today’s Dynamic Environment?Strategic Outsourcing? The Philips Case in the LCD TV MarketCollaborating to compete: The role of collective creativity in a South African clothing design small business |

Sources: ¹Competitive Advantage: Sustainable or Temporary in Today’s Dynamic Environment https://pdfs.semanticscholar.org/39e1/c44cf835f6ea39621dd1e6d60120b44d07ce.pdf

Archaic Globalisation

”Globalization generally refers to the increased interdependence of the world’s economies signified by the circulation of information, money, people and goods across national boundaries. It has of late given rise to the domination of world’s market by a selected number of transnational corporations. However, since time immemorial, different countries were related to one another through geographical spread of ideas, social norms and trading commodities. This pre-modern phase of globalisation is known as archaic globalisation.¹”

Further reading
1. Silk Road: A Glance at Archaic Globalization |

Source:
1.  https://iwp.uiowa.edu/silkroutes/city/kolkata/text/silk-road-glance-archaic-globalization 

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