The consequence of the development in breadth and depth of the processes of the international division of labor was, in particular, the increase in economic interdependence in the world economy at the micro level – between enterprises engaged in foreign economic activity, as well as at the macro level – between national economies. The globalization […]
Tag: effort
The essence of MRI and the factors of its development
Economic cooperation between people began to develop about 10 thousand years ago. Surplus manufactured products were exchanged first by neighboring tribes, individual families and individuals, and then by states. Merchant caravans crossed deserts, and merchant ships ploughed the seas and oceans, paving solid ways of economic interaction between distant states. These were the first attempts […]
Competition in an emerging industry
Emerging industries, i.e. those in the nascent stages, include the industry of wireless Internet access devices, the production of high-resolution televisions, distance education, and electronic banking services. Most companies in emerging industries are just getting started: they are improving technology, recruiting and training staff, acquiring or building production facilities, expanding the scope of activities, establishing […]
Defensive strategies to protect competitive advantage
The main goal of the defensive strategy is to protect the competitive advantage and strengthen the position of companies Any company can become an object of attack from competitors, from both newcomers who want to enter the market, and existing players seeking to strengthen their positions. The purpose of the defensive strategy is to reduce […]