The concept of “national economy” is one of the most important in economic theory, since it is the national economy that is the object of study at the macro level. What is it and what goals does it pursue? The national economy can be defined as a historically formed system of social reproduction of the […]
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Offensive strategies to maintain a competitive advantage
Competitive advantage in costs, resources, or differentiation is almost always the result of successful offensive strategic actions. Defensive strategies, by contrast, are used to protect and maintain a competitive advantage and rarely to create one. How long it will take to create a competitive advantage through a successful offensive strategy depends on the competitive environment […]