scholarly journals Competitive Advantages of the Chinese Economy: Experience for Russia

2020 ◽  
Vol 4 (4) ◽  
pp. 299-307
Author(s):  
Maria Balashova ◽  
Anastasiia Trufanova
Keyword(s):  
Competitive Advantage ◽  
Chinese Economy ◽  
Added Value ◽  
Special Role ◽  
Competitive Advantages ◽  
Sustainable Competitive Advantage ◽  
Resource Base ◽  
Economic Relations ◽  
International Economic Relations ◽  
National Economies

The article intends to consider the principle of the world economy evolution which is evidence that the competitive advantages of countries have always taken priority over the comparative ones, nature-driven growth reserves of national economies. Initially, a special role in their generation and ongoing improvement was played by the ability of domestic economic actors, including the state itself, to be able to create products with higher added value in order to achieve goals within the framework of the formulated strategies on the basis of their own resource base. The study revealed that over the years, practice has shown that a unique position in the system of international economic relations can be achieved by those countries that form their own competitive advantage through the use of foreign resource base, while maintaining domestic resource factors of production. The text refers to China which is a good example of a country that has followed this path and was able to form a sustainable competitive advantage, whose experience could be useful for Russia.

scholarly journals ANALYSIS OF THE COMPETITIVE ADVANTAGE SUSTAINABILITY FACTORS BASED ON THE KEY COMPETENCIES OF AN ELECTRICAL ENGINEERING ENTERPRISE

2020 ◽  
pp. 134-141
Author(s):  
S. B. Moiseev
Keyword(s):  
Competitive Advantage ◽  
Organizational Development ◽  
Competitive Advantages ◽  
Sustainable Competitive Advantage ◽  
Evolutionary Mechanisms ◽  
Industrial Companies ◽  
Key Competencies ◽  
Methodological Approaches ◽  
Engineering Enterprise

The factors influencing the possibility of the theory of key competencies adaptation within the traditional ideas of the resource approach to ensure the long-term competitiveness of companies have been considered. For this purpose, the review of features of application of key competencies during the formation of strategies of the industrial companies of mature sectors of industries has been carried out, in which thanks to action of evolutionary mechanisms of technological and organizational development there are objective preconditions for creation of steady competitive advantages on their basis. The necessity of development of methodological approaches to the formation of company’s competitive strategy in the sector of electrical production based on the formation of organizational-economic mechanism of adaptation to external influences and internal changes to manage the development of key competencies as factors of sustainable competitive advantage in the future and the formation of long-term effective business development model of the enterprise, has been substantiated.

Generating Competitive Advantages for the Polytechnic Universities in Mexico

2019 ◽  
pp. 477-507
Author(s):  
Lizbeth Vargas-Cabrera ◽  
Jesus Manuel Muñoz-Pacheco
Keyword(s):  
Competitive Advantage ◽  
Statistical Data ◽  
Analytical Framework ◽  
Superior Performance ◽  
Educational Services ◽  
Opportunity Costs ◽  
Competitive Advantages ◽  
Sustainable Competitive Advantage ◽  
Trade Offs ◽  
Mexican Government

This chapter proposes an analytical framework to understand the trade-offs of a firm dedicated to educational services for creating and sustaining a superior performance respect to its competitors. The proposed approach focuses on polytechnic universities as the firm understudy. Based on a statistical data from Mexican government, the five forces of Porter methodology is applied to found the clients, suppliers, new entrants, substitutes, and rivalry of the Polytechnic University of Puebla (PUP). In this scenario, the existing strengths are detected and the target of the firm to get a sustainable competitive advantage is defined. Finally, the strategies to break the barriers are proposed. The authors argue that by using those strategies the wedge between willing to pay of the clients and the opportunity costs of the suppliers can be improved. Additionally, they argue that the positioning (consolidation and reputation) of the PUP is achieved by applying the proposed strategies.

Functional Effectiveness and Modern Mechanisms for National Urban Systems Globalization

2019 ◽  
pp. 1022-1040
Author(s):  
Alexey Arkhipov ◽  
Denis Ushakov
Keyword(s):  
Urban System ◽  
International Competition ◽  
Urban Systems ◽  
Competitive Advantages ◽  
Municipal Governance ◽  
Urban Economies ◽  
Economic Relations ◽  
International Economic Relations ◽  
Macroeconomic Indicators

Cities' transformation into active actors of international economic relations and their participation in international competition form a complex of relevant problems about efficiency of relationships between business and government, global competitive advantages of urban economies, quality of municipal governance, and development and international integration of the urban system of the modern countries (including Russia). This chapter examines a development of the modern features of the urban system in Russia, analyzes its macroeconomic indicators, actual problems, and evaluates various scenarios for the development of both individual urban economies and the entire urban system of Russia.

CUSTOMER FOCUS IN COMPANIES OF THE CONSTRUCTION SECTOR OF THE ECONOMY

2017 ◽  
Vol 2 (3) ◽  
pp. 176-181
Author(s):  
Демененко ◽  
Inna Demenenko ◽  
Шавырина ◽  
Irina Shavyrina
Keyword(s):  
Competitive Advantage ◽  
Development Strategy ◽  
Production Systems ◽  
End Users ◽  
Sustainable Competitive Advantage ◽  
Construction Sector ◽  
Innovative Technologies ◽  
Economic Relations ◽  
The Development Strategy ◽  
Oriented Approach

Transformation of socio-economic relations, the accelerated development of production systems, introduction of innovative technologies, the development of the economy of excess supply, the reorientation of the development strategy of the organization in a situation of unstable market necessitates the introduction of the company´s customer-oriented approach. This approach is seen as a particular concept of the construction business, including the complex of the actions directed on satisfaction and shaping customer needs (end users and Resellers), implemented at all levels and focused on innovative (proactive) development with the aim of achieving a sustainable competitive advantage.

FROM KNOWLEDGE TO WISDOM: ON BEING INFORMED AND KNOWLEDGEABLE, BECOMING WISE AND ETHICAL

2006 ◽  
Vol 05 (04) ◽  
pp. 751-762 ◽  
Author(s):  
MILAN ZELENY
Keyword(s):  
Knowledge Management ◽  
Competitive Advantage ◽  
Entrepreneurial University ◽  
Added Value ◽  
Sustainable Competitive Advantage ◽  
Next Generation ◽  
International Network

In this paper from the Xiangshang Forum 2006, we propose the Wisdom project, an international network initiative on developing the next generation of management and entrepreneurial systems based on knowledge and wisdom rather than data and information. This is a major challenge especially for China which must aspire to become wise and ethical rather than just efficient or effective. Major topics of the project include knowledge management, wisdom systems, added value measures, entrepreneurial university, and management as a profession. These topics are the key ones for developing sustainable competitive advantage of any globally aspiring economy or enterprise.

scholarly journals The challenges of creating sustainable competitive advantage in large B2B multidivisional corporations

2020 ◽  
Vol 12 ◽  
pp. 1188
Author(s):  
Isis Cassia Vannucci de Oliveira Koelle ◽  
Cristiane De Paula Bueno ◽  
Daniel Estima de Carvalho ◽  
Leandro Fraga Guimaraes
Keyword(s):  
Competitive Advantage ◽  
Corporate Strategy ◽  
Competitive Advantages ◽  
Sustainable Competitive Advantage ◽  
Doing Business ◽  
Sustainable Competitive Advantages ◽  
The Way

It addresses the challenges that large multi-divisional B2B corporations face each day to take advantage of their corporate strategy and ensure sustainable competitive advantages. The synergies and interrelations that would give them such a position are not always simple to be achieved or even perceived by customers. The chosen approach was focused on B2B companies, because processes and communication tend to be more truncated, as they are usually more technical in the way of doing business. This can make the challenges of interrelation and synergy even greater.

scholarly journals Prospects for improving technology in non-conventional energy development

2019 ◽  
Keyword(s):  
International Economic ◽  
Primary Sources ◽  
Technical Cooperation ◽  
Initial State ◽  
Scientific Publications ◽  
Interstate Cooperation ◽  
Economic Relations ◽  
International Economic Relations ◽  
Promising Area ◽  
National Economies

This article discusses the prospects for the development of the implementation of scientific and technical cooperation (STC). On the example of interstate cooperation between Ukraine and Chile, there are approaches to improving the procedure for developing cooperation priorities. The current state of these relations does not reflect real trends in the development of international economic relations (IER) in the vector of strengthening the scientific and technical component. The subject of research of the article is formation of scientific and technical cooperation priorities between Ukraine and Chile. The goal is to develop the approaches of foreground international economic relations formation in relation to the conditions in relation to the conditions of Ukraine and corresponding to the needs of overcoming crisis socio-economic phenomena based on the intensification of scientific and technical cooperation.The objective is to research the dynamics of the actual non-conventional energy production as one of the priority areas of cooperation between Ukraine and Chile. As part of this study, theoretical, methodological and system-logical methods for analyzing primary sources are used, including statistical materials, regulatory documents, scientific publications for descriptive and structural analysis to assess the initial state of international economic relations primary level and methods for forming trends in their development prospects. The following results were obtained: on the basis of phased analysis of the priorities formation for the development of Ukraine, was proposed an approach for analyzing the similarity of the integrated development of national economies. Conclusions: the results of the analysis allowed in the framework of interstate cooperation between Ukraine and Chile to highlight the promising area of development of non-traditional renewable energy.

scholarly journals Technological Innovation and Strategic Leadership Axis on Competitive Advantage of Telecommunication Enterprises

2021 ◽  
Vol 16 (9) ◽  
pp. 48
Author(s):  
erpetua S. Wanaswa ◽  
Zachary B. Awino ◽  
Martin Ogutu ◽  
Joseph Owino
Keyword(s):  
Competitive Advantage ◽  
Technological Innovation ◽  
Management Practice ◽  
Added Value ◽  
Policy Framework ◽  
Strategic Leadership ◽  
Telecommunication Industry ◽  
Sustainable Competitive Advantage ◽  
The Relationship

The study conceptualized a relationship between technological innovation and strategic leadership on competitive advantage. Technological innovation has been posited to influence performance competitive advantage however; this position has been largely tautological and hence required more empirical testing. Although implied, the role of strategic leadership in the relationship between technological innovation and competitive advantage has been largely lacking. The study, therefore, specifically sought to determine the moderating role of strategic leadership on the relationship between technological innovation and competitive advantage of large telecommunication enterprises (LTEs) in Kenya. Significant transformations have been evident in Kenya’s telecommunication industry for the last two decades, which has resulted in intense competition, and technological innovation has become the new face of competition among these firms. The target population comprised all 83 large telecommunication enterprises in Kenya and census was used. Both descriptive and inferential statistics were employed in data analysis. Strategic leadership was found to have a positive and significant influence on the relationship between technological innovation and competitive advantage. It is deduced from the findings that strategic leadership would affect the strength of the relationship between technological innovation and competitive advantage. This can be attributed to the importance of organizational leadership’s role as decision makers and key enablers of technological innovation among large telecommunication enterprises. The study presented notable implications on the policy framework, the strategic management practice, and theory implications in the telecommunication industry and beyond. At policy level, the Government of Kenya would benefit from the study by ensuring that policy makers and regulatory authorities in the telecommunication sector formulate policies that would promote technological innovation and strategic leadership for enhancing competitive advantage. Managerial practitioners may consider institutionalizing innovation and leadership by creating the requisite direction and controls that enable the emergence of innovation and value creation for sustainable competitive advantage. The study findings’ implications further extended, supported, and added value on the theories adopted by the study.

scholarly journals THE POSITION OF THE FINANCIAL COMPONENT IN THE PARADIGM OF MODERN ECONOMIC DIPLOMACY

2021 ◽  
Vol 7 (3) ◽  
pp. 186-194
Author(s):  
Kostyantyn Flissak ◽  
Darya Glukhova
Keyword(s):  
International Economic ◽  
Public Debt ◽  
Economic Activity ◽  
Scientific Research ◽  
The United States ◽  
Special Role ◽  
Economic Relations ◽  
Economic Diplomacy ◽  
International Economic Relations ◽  
The Impact

At the beginning of the 21st century, most subjects of international economic relations announced a course to liberalize the world economy both as a whole and as its individual components. At the same time, under the influence of geopolitical and geo-economic aspirations, state instruments of a protectionist nature were increasingly used. Global economic development has become a hostage to such processes. In such circumstances, the efficiency of individual business entities has begun to decline. Innovative tools were needed to prevent this. One of them was economic diplomacy, which has acquired a special role in providing the promotion of the interests of both national economies as a whole and their individual subjects. At the same time, economic diplomacy itself covers different areas of economic activity and not all of them are investigated to the same extent. The purpose of the article is to study and analyze the financial component of economic diplomacy in modern conditions, the specifics of its formation and development, aimed at improving the national system of promoting national interests both within the state and abroad. To achieve this goal, the research is focused on the following tasks: to consider and analyze the theoretical basis of the financial component of economic diplomacy, to highlight its manifestations in various forms of international economic relations, to determine the main imperatives of state support for international investment partnership. Special attention is paid to the issues of external borrowing and the movement of public debt funds from the point of view of the influence of economic diplomacy on them. Based on the results of this review, a whole number of theoretical conclusions were made, which at the same time establish the basis for further research of the considered problem. Methodology. In the process of preparing the article, methods of scientific abstraction, observation, analysis and synthesis, generalization, as well as statistical and economic methods were used to assess a number of financial and economic indicators of state development in order to identify the weaknesses and prospects for the impact of economic diplomacy tools on them. The information and analytical base for the study are materials and analytical reports of international organizations dealing with the issues under consideration (UNCTAD, IMF, World Bank), regulatory and statistical data of state authorities of Ukraine and the United States, the results of scientific research of modern scientists from different countries. The results of the study show that providing the proper efficiency of foreign economic activity requires the use of a set of tools to promote and support its subjects. Economic diplomacy plays a significant role in this sphere. The development level of international economic relations actualizes the justification of the modern paradigm of the financial component, mechanisms for applying the tools of economic diplomacy in financial issues. All this requires a clear delineation and structuring of object-by-object areas and directions of efforts. Only on this basis, an effective mechanism for implementing the financial component of economic diplomacy can be formed. The practical implications of the scientific research are to find out the current state of economic diplomacy mechanisms in the financial sphere, trends in their development, and potential consequences for other states (including Ukraine). Value/originality. The studied mechanisms and practice of using economic diplomacy in the sphere of the financial component, in particular in issues of interstate investment partnership, external government borrowing, and work with public debt deserve attention from the relevant state structures of Ukraine on the implementation of tools and standards of economic diplomacy in this area. In addition, this study can serve as a basis for further research, since the considered problem contains the significant potential for further investigations in subsequent scientific publications.

scholarly journals Product differentiation policy of the construction firm

2017 ◽  
Vol 19 (1) ◽  
pp. 51-63
Author(s):  
Aneta Marichova
Keyword(s):  
Competitive Advantage ◽  
Product Differentiation ◽  
Competitive Advantages ◽  
Sustainable Competitive Advantage ◽  
Construction Company ◽  
Construction Market ◽  
Market Product ◽  
Construction Firm ◽  
Product And Process ◽  
Construction Product

Abstract Usually, the possibility of product differentiation of the construction company is defined as restricted, limited. Product differentiation as a key element of product policy aims to create a sustainable competitive advantage in the minds of consumers, using tangible and intangible characteristics and product properties compared to the next strongest competitor. The ability of any company to differentiate their own product makes it distinct from competitors and gives the opportunity to control the market and build competitive advantages. The aim of the study is to prove: 1) The need to differentiate the product of the construction company, 2) Guidelines for differentiation of the construction product taking into accounts the specifics of the construction market, product and process.

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