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Accurate Methods for Measuring Competitiveness

It is therefore imperative that competitiveness features high on the economic reform agenda of both advanced and emerging and developing economies. For more than three decades, the World Economic Forum's annual Global Competitiveness Reports.
             have studied and benchmarked the many factors underpinning national competitiveness. From the onset, the goal has been to provide insight and stimulate discussion among all stakeholders about the best strategies and policies to help countries to overcome the obstacles to improved competitiveness. .
             In the current challenging economic environment, our work is a critical reminder of the importance of sound structural economic fundamentals for sustained growth. Since 2005, the World Economic Forum has based its competitiveness analysis on the Global Competitiveness Index (GCI), a comprehensive tool that measures the microeconomic and macroeconomic foundations of national competitiveness. More recently, in order to better place the discussion of competitiveness in the societal and environmental context, the World Economic Forum has begun exploring the complex relationship between competitiveness and sustainability as measured by its social and environmental dimension. The work carried out to date on these important aspects of human and economic development is described in Chapter 1.2. Going forward, the World Economic Forum will further support countries in their quest for higher competitiveness by compiling and publishing a repository of public-private practices that countries have implemented in order to improve their competitiveness. Together with the Index results, these practices will inform a series of structured multi-stakeholder dialogues (see Box 1) that will be piloted over the coming year. We hope that this new initiative will support transformations toward higher competitiveness at regional and national levels.
             The 12 Pillars of Competitiveness .


Essays Related to Accurate Methods for Measuring Competitiveness

1. The objectives and measures of the balance scorecard

Within today's complex environments many organisations have pinpointed that an accurate understanding of their particular goals and the methods that they implement in order to achieve these goals is vital. ... In the balance scorecard the financial measures play a dual role. ... These customer based measures must however be translated into measures which detail what the company must do internally to meet its customers expectations. ... In order words what methods the companies will use in order to deliver the superior performance to its customers as well as to achieve their targeted fina...

  • Word Count: 2837
  • Approx Pages: 11
  • Has Bibliography
  • Grade Level: Undergraduate

2. Revpar

GOPPAR The leading industry standard for measuring a business's success is called RevPAR. ... Sometimes during hard economic conditions it is necessary for managers to go deeper into the numbers in order for them to come up with a competitive edge. ... These alternative ways of measuring the success of the hotel can be very important under certain economic conditions. ... Larkspur Hotel uses this method, because they feel that GOPPAR provides a much more accurate description of the overall success of their various properties. ... I believe that all hotels will eventually use GO...

  • Word Count: 427
  • Approx Pages: 2

3. Credit and a Competitive Market

Introduction The property industry as a whole in regards to Singapore is a very competitive market. ... However in 2009, the Singapore government implemented the first round of property cooling measures to maintain the affordability of private residential properties. ... The government implemented additional property cooling measures in the following years and the measures started to have an effect on residential property prices as shown by the stabilization of property prices in 2010-2012. As of 2013, the government has implemented a total of 8 rounds of property cooling measures and as a res...

  • Word Count: 6477
  • Approx Pages: 26
  • Grade Level: Undergraduate

4. Westchester Distributing

Pressure is a result of expected sales quotas and the competitive market that Westchester is involved in. ... Either of these methods would have given management the ability to check the validity of business lunches. The broken bottle allowance is also in need of new methods to reduce the opportunities of fraud. ... System Safeguards Complete and accurate record keepingThe record keeping of Westchester lacks in the reimbursement accounts of its sales people. ... Exhibit 2 Dangerous Triad for Westchester Conditions that must exist to create temptations PressureComes from Competit...

  • Word Count: 1338
  • Approx Pages: 5

5. Benchmarking Techniques and Airport Management

Knowledge of competitive strategies practised by some airports provides an insight for less efficiently operating airports. PFP is a technique that is commonly used to measure airport performance. This is a traditional and most commonly used method to compare airports. ... Therefore, PFP measures are of limited use and may mislead and misinterpret the performance of an airport if this is only method used. ... Therefore, due to less demanding data requirements, and number of advantages DEA is a more attractive technique than any other methods (Graham, 2005). ...

  • Word Count: 2404
  • Approx Pages: 10
  • Has Bibliography
  • Grade Level: Undergraduate

6. Decomposition of hydrogen peroxide.

This is therefore known as competitive inhibition. ... As the substrate and inhibitor are not competing with each other for the active site, this is known as non-competitive inhibition. ... Not all non-competitive inhibition is irreversible. ... I will also measure the amount of Oxygen gas collected when no Copper Sulphate is in use this will be used as the control. ... The conditions should be kept the same for each test to make the results accurate. ...

  • Word Count: 2761
  • Approx Pages: 11
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7. The Practical Value of Learning Educational Psychology

It is from this curious mixture that we, educators, have drawn our current views of curriculum, teaching methods, instructional design and development, learning, testing, the nature of students, classroom management techniques, learning skills, educational research and so on. ... They also differ in any number of specific intelligences, so accurate estimations of intelligence should probably rely on broader performances than traditional IQ tests allow. ... A general method of rewarding effort is to recognize students' improvement over their own past records. Teachers can also use co...

  • Word Count: 1000
  • Approx Pages: 4
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  • Grade Level: Undergraduate

8. Losing Ground

Charles Murray's third part of Losing Ground, which is accurately called "interpreting the data" explains how the information gathered is used and interpreted. ... The program is then looked at after one year, two years, five years and ten years, to see the progress it has made and measures its overall effectiveness. ... Legislators are using these methods at an increasing rate. ... With all that in mind it some how makes people wonder what despair a nation can be under and what massive circumstances it takes it to turn around so many times to make it competitive again no matter how mu...

  • Word Count: 927
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9. Marketing Ocean Park and Disneyland in Hong Kong

In specific Competitive Analysis was chosen as one of the theories, because it considers two competing businesses and how they operate against each other, in order to gain the competitive advantage. ... This paper concludes that Ocean Park does have the competitive advantage over Disneyland. ... Models such as competitive analysis and SWOT analysis were used to measure the change in Ocean Park's operating style after the arrival of Disneyland. ... In terms of reliability since the data has already been processed, it ensures it is true and accurate. ... With the knowledge of Disneyland...

  • Word Count: 4350
  • Approx Pages: 17
  • Has Bibliography
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