Explain External Competitiveness

question 44

Essay

Explain external competitiveness.

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Definitions:

Structural Innovation

The process of changing an organization’s structure, including its systems and processes, to improve performance and adaptability.

Global Economy

Resources, markets, and competition are worldwide in scope.

Hypercompetition

An extremely intense level of competition in which companies or industries experience rapid and aggressive moves and countermoves for advantage.

Speed To Market

The rate at which a new product moves from conception to commercial availability, reflecting a company's ability to innovate and compete.