1. Accurate Methods for Measuring Competitiveness
... open markets. Protectionist measures are counterproductive as they reduce aggregate economic activity. Market efficiency also depends on demand conditions such as customer orientation and buyer sophistication. For cultural or historical reasons, customers may be more demanding in some countries than in others. This can create an important competitive advantage, as it forces companies to be more ... innovative and customer-oriented and thus imposes the discipline necessary for efficiency to be achieved in the market. Seventh Pillar - Labor Market Efficiency The efficiency and flexibility ...
- Word Count: 4162
- Approx Pages: 17
- Has Bibliography
- Grade Level: Graduate