Global competition has intensified due to interconnected markets and reduced . Economic, political, legal, cultural, and shape the competitive landscape, influencing strategies and market dynamics across borders.
Companies employ various strategies to gain competitive advantage globally. These include tailored market entry approaches, value chain optimization, , and balancing with . Innovation, differentiation, and cost leadership drive growth and create unique value propositions.
Global Competitive Dynamics
Nature of global competition
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intensified reduced trade barriers enabled by (internet, logistics)
shape competition through impact costs labor cost differentials affect production decisions and growth potential influence investment
Political and legal factors alter competitive landscape via (NAFTA, EU) (environmental, labor laws) levels