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Competing in a global context (Competition (Theory of comparative…
Competing in a global context
Manifestation
International trade
Glocalization
combining differences
local
national
regional
Competition
Theory of comparative advantage
absolute
foreign country
supply
cheaper
result
buy it of them
relative
country
specialised
production of good
with comparative advantage
'Diamond model'
characterised by
differences
national values
economic structures
institutions
histories
competitiveness
depending on
availability
quality of factor conditions
demand conditions
strategies, structure and rivalry of firms
quality of related and supporting industries and infrastructures
government
relevant role
among businesses
'five forces model'
focus
market/industry level
direct industry
suppliers
Buyers
potential entrants
substitute goods and/or services