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Economic Environment
SOCIETYCOMMUNITIES TOUCHED OR INFLUENCED BY THE ENTERPRISE

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“When competition was driven heavily by input cost. . .”

Clusters And The New Economics of Competition ()

https://www.nycp.com/gallery/BMichaelEPorter_10_10_2012.jpg

Harvard Business Review

Tatjana Kalamar M.

“When competition was driven heavily by input cost. . .”

“When competition was driven heavily by input cost, locations with some important endowment?a natural harbor, a supply of cheap labor?often enjoyed a comparative advantage. . .

Competition in today’s economy is far more dynamic. . .

Competitive advantage rests on making more productive use of inputs, which requires continual innovation. What happens inside companies is important, but. . .what happens outside companies in the immediate business environment plays a vital role as well.”

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