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Economics and Innovative Technologies

Abstract

Abstract: Nowadays the modern global market is becoming highly competitive. So in order to be able to bear through such fierce rivalry the businesses should reinforce a sense of competition. Competition can benefit the company, employees and customers in many ways as it ensures improved facilities, higher quality products and requires mastery and innovations. For this reason, companies should understand the importance of healthy competition and be aware of ways to implement it through their business activities.

References

[1].Hardy, K. & Magrath, A. (1987). Buying Groups: Clout for Small Business, Harvard Business Review, September-October, 16-21. [2].McCarthy, E.J,Internationa Journal of critical reviews and foreign country (1960). Retrieved from http://en.wikipedia.org/wiki/Marketing_mix E.J. [3].Hitt et al, (2002). Strategic Entrepreneurship, Creating a New Mindset. Malden, MA: Blackwell Publishing. [4].Peters, T. & Austin, N. (1985). A Passion for Excellence. New York, NY: Random House. [5].Pilling, B. (1991). Assessing Competitive Advantage in Small Business: An Application to Franchising, Journal of Small Business Management, 29, 4. [6].Porter , M. (1985). Competitive Advantage, Creating and Sustaining Superior Performance, New York, NY: The Free Press. [7].Porter, M. (1996). On Competition, Cambridge, MA: Harvard Business Review Press.

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