Examlex
The main difference between an expert and a novice chess player is that the expert explores more moves ahead of the novice player.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, often associated with cultural and economic integration.
Competitive Forces
Elements in the external environment that influence an organization's competitive position, including competition, customer power, supplier power, the threat of new entrants, and the threat of substitute products or services.
Porter
Michael Porter, a renowned economist known for his theories on economics, business strategy, and competitive advantage.
Industry
The sector of an economy that is concerned with production and manufacturing of goods, or provision of services.
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