initAdSlotRefresher(); iasLog("criterion : cdo_l = en"); {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, The complacent business that has enjoyed advantages in the past soon finds that it is overtaken by hungrier, fast-moving competitors. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, 'min': 31, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, The more sellers of a similar product or service, the more competitive the environment in … { bidder: 'appnexus', params: { placementId: '11654174' }}, { bidder: 'appnexus', params: { placementId: '11654149' }}, 'increment': 0.01, iasLog("criterion : cdo_pc = dictionary"); ga('require', 'displayfeatures'); },{ ga('send', 'pageview'); Add competitiveness to one of your lists below, or create a new one. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, 3. googletag.pubads().setTargeting("cdo_pc", "dictionary"); name: "unifiedId", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, params: { { bidder: 'sovrn', params: { tagid: '446382' }}, var dfpSlots = {}; { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, Few if any firms enjoy a world in which they have no competition, so in any market there is a battle to succeed. if(refreshConfig.enabled == true) Definition: Rivalry in business, as for customers or markets It may be hard to believe, but competition is good for you. 1  While the term is commonly used for businesses, the strategies work for any organization, country, or individual in a competitive environment. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, iasLog("criterion : cdo_pt = entry"); A consensus has emerged that sound management of health care systems makes a significant contribution to the international, The combined effect will be relatively higher real wages and profits in the sheltered sectors, and a fall in international, Perhaps the most important attribute of a race is its, Perennial weeds are very difficult to control by crop, Globalisation can create new contexts - whether through the development of international markets with new risk patterns or through a reconfiguration of the national, Investigating the precise role of electoral, Such a typology will assist in identifying the institutional arrangements most likely to promote the, In each accompanying parliamentary contest, the winning presidential candidate managed a majority, but the, Impact of structural adjustment and adoption of technology on, This is because with globalization, the emphasis is more on, The report also identifies ten essential elements of manufacturing enterprise leadership and discusses the importance of strategic alignment for successful long-term, The prime concern is sustaining the labour force and, What role can corporations, regulators and non-governmental actors play in reconciling. { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'appnexus', params: { placementId: '11654156' }}, googletag.pubads().setTargeting('cdo_alc_pr', pl_p.split(",")); Click on the arrows to change the translation direction. { bidder: 'appnexus', params: { placementId: '11654149' }}, { bidder: 'sovrn', params: { tagid: '705055' }}, { bidder: 'sovrn', params: { tagid: '387233' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, googletag.pubads().addEventListener('slotRenderEnded', function(event) { if (!event.isEmpty && event.slot.renderCallback) { event.slot.renderCallback(event); } }); { bidder: 'appnexus', params: { placementId: '11653860' }}, },{ Information and translations of Competitiveness in the most comprehensive dictionary definitions resource on the web. bidders: '*', {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, googletag.cmd.push(function() { { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, enableSendAllBids: false { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, syncDelay: 3000 Value is what a customer is prepared to money for. var pbAdUnits = getPrebidSlots(curResolution); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); ga('set', 'dimension2', "entryex"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, filterSettings: { Enrich your vocabulary with the English Definition dictionary Glossary of business management terms . googletag.pubads().setTargeting("cdo_dc", "english"); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, Let us first divide “Market competition” in two different terms and first learn about each of them individually to understand market competition. { bidder: 'appnexus', params: { placementId: '11653860' }}, iframe: { {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Competitive Business means any business that is engaged in or is about to become engaged in the development, production or sale of any product, process or service concerning the treatment of any disease, which product, process or service resembles or competes with any product, process or service that was sold by, or in development at, the Company or a subsidiary of the Company during your … Business competition is the process of companies and individuals competing in the same industry or field. var mapping_rightslot2 = googletag.sizeMapping().addSize([746, 0], [[300, 250], [120, 600], [160, 600]]).addSize([0, 0], []).build(); { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, }, 'min': 3.05, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; 'max': 3, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, },{ pbjs.setConfig(pbjsCfg); That’s not to suggest you shouldn’t strive to do so, but to be really competitive in business you have to do much more. googletag.pubads().collapseEmptyDivs(false); { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, ga('set', 'dimension3', "combinationPanel"); type: "cookie", { bidder: 'sovrn', params: { tagid: '705055' }}, name: "_pubcid", iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/competitiveness"); userSync: { { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, pbjs.que = pbjs.que || []; { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, A business that offers better value than competitors will enjoy an advantage. { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, Competitive advantages are those factors that enable a business to outperform the competition. But, “value for money” isn’t necessarily the same thing as the cheapest price. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, Jim co-founded tutor2u alongside his twin brother Geoff! params: { { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; compared to its competition and generates value. { bidder: 'appnexus', params: { placementId: '19042093' }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, Productivity is the key driver of long-term prosperity levels and is thus an appropriate and critical target for policy. A good way to think about value is to consider a purchase that you have made which, looking back; you considered to represent good value. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, "authorization": "https://dictionary.cambridge.org/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=&v1=&v2=&v3=&v4=english&_=RANDOM", You can also find related words, phrases, and synonyms in the topics: Improve your vocabulary with English Vocabulary in Use from Cambridge.Learn the words you need to communicate with confidence. Competition in business is the contest or rivalry among the companies selling similar products and/or targeting the same target audience to get more sales, increase revenue, and gain more market share as compared to others. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, • Why are Apple and Samsung performing so much better in the market place for smartphones and tablet computers than Nokia and Sony? 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. { bidder: 'appnexus', params: { placementId: '11654156' }}, The competitive analysis is a statement of the business strategy and how it relates to the competition. Click on a collocation to see more examples of it. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, "authorizationTimeout": 10000 {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'sovrn', params: { tagid: '346698' }}, Word family (noun) competition competitor competitiveness (adjective) competitive ≠ uncompetitive competing (verb) compete (adverb) competitively From Longman Dictionary of Contemporary English Examples from the Corpus competitiveness • Keisha's enthusiasm and competitiveness rubbed off on the rest of the sales team. Many products and brands seem to enjoy competitiveness based on their actual or perceived “value for money”. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, • The enjoyment or satisfaction you have gained from owning or experiencing the product? } Usage explanations of natural written and spoken English, 0 && stateHdr.searchDesk ? Browse our dictionary apps today and ensure you are never again lost for words. The answer lies in the concept of competitiveness. priceGranularity: customGranularity, Biochemistry Relating to the inhibition of enzyme activity that results from an alternate compound binding reversibly to the site on an enzyme where the substrate would normally bind. googletag.pubads().setTargeting("cdo_c", ["jobs_education_resumes", "law_government_military"]); { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, • Thinking about the restaurants, cafes and other eateries near you, why so some seem to thrive whereas others are always empty and often close down? { bidder: 'ix', params: { siteId: '195467', size: [300, 50] }}, In this chapter, the term competitiveness has been considered as the capability of a firm or organization that are willing to meet the organizational requirement and sustain in long-run as well to compete globally. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, LS23 6AD, Tel: +44 0844 800 0085 { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, var googletag = googletag || {}; { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; In economics, competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place. The following are common types of business competition. The clue is in the word – competitiveness is about competing – against the other firms, brands, products and services in the chosen market or industry. BB EFFICIENT. pbjs.que.push(function() { It could also be due to customer support, cost structure, natural resources access, and a supply of suitably-skilled labor. Competitive pricing is the process of selecting strategic price points to best take advantage of a product or service based market relative to competition. • The business has an advantage over its competitors by being able to offer better value, quality and/or service. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, googletag.pubads().setTargeting("cdo_ptl", "entry-lcp"); googletag.pubads().setCategoryExclusion('lcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, } It can also generate more value for a business and its shareholders. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, iasLog("criterion : sfr = cdo_dict_english"); ... A definition of competitive map with examples. Discover How Competition Affects Business. If a business can achieve competitive advantage, this means that: • The business is able to add more value for its customers than its rivals and attain a position of relative advantage 'increment': 0.5, competitive definition: 1. involving competition: 2. wanting very much to win or be more successful than other people: 3…. { bidder: 'sovrn', params: { tagid: '346688' }}, type: "html5", The word in the example sentence does not match the entry word. } In the case of business competitiveness, we can define it as the ability of organizations to produce goods or services with a favorable quality-price ratio that guarantees good profitability while achieving customer preference over other competitors. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, What does Competitiveness mean? analysis of the international economic competitiveness of a country or economic region { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); • Why are so many people now buying from online brands such as Amazon rather than shopping on their local high streets? West Yorkshire, var pbMobileHrSlots = [ { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, storage: { { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, expires: 365 googletag.pubads().setTargeting("cdo_l", "en"); 'cap': true At the World Economic Forum, we believe that competitive economies are those that are most likely to be able to grow more sustainably and inclusively, meaning more likelihood that everyone in society will benefit from the fruits of economic growth. One of the results of the competition is fluctuation. var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); "error": true, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, 'buckets': [{ { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, }] {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, { bidder: 'appnexus', params: { placementId: '11654157' }}, }, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, googletag.pubads().disableInitialLoad(); { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Business competition is a contest or rivalry between firms to win revenue. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, var mapping_btmslot_a = googletag.sizeMapping().addSize([746, 0], [[300, 250], 'fluid']).addSize([0, 0], [[300, 250], [320, 50], [300, 50], 'fluid']).build(); { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, Operating Margin Operating margin is equal to operating income divided by revenue. const customGranularity = { The level of competition in product markets can also be improved by deregulation to reduce barriers to entry, though this has its limits as some regulation is needed to protect consumers and employees from unfair practices.In addition, privatisation of industry is also likely to improve competitiveness, but there are few industries left in the UK to privatise. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/23202586/cdo_rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, googletag.cmd = googletag.cmd || []; I’ve brought you a little something: The language of gifts, Clear explanations of natural written and spoken English. { bidder: 'appnexus', params: { placementId: '19042093' }}, competitiveness. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, Competitive advantages are those factors that … "authorizationFallbackResponse": { bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, 'max': 36, pbjsCfg = { }, All non-specialist, inexperienced or new teachers of A-Level Business. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, 'max': 30, Learn more. { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, dfpSlots['btmslot_a'] = googletag.defineSlot('/23202586/cdo_btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, "login": { { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, }, From the organizational development point competitiveness can be reflected as managerial and operational competency. • The time you have saved? iasLog("exclusion label : lcp"); var mapping_topslot_b = googletag.sizeMapping().addSize([746, 0], [[728, 90]]).addSize([0, 0], []).build(); name: "idl_env", { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); A firm may have a competitive advantage due to its quality, price, brand, distribution network, intellectual property, or location. Learn more. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, Meaning of Competitiveness. { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, Fax: +44 01937 842110, We’re proud to sponsor TABS Cricket Club, Harrogate Town AFC and the Wetherby Junior Cricket League as part of our commitment to invest in the local community, Company Reg no: 04489574 | VAT reg no 816865400, © Copyright 2018 |Privacy & cookies|Terms of use, AQA A Level Business Theories & Models Revision Cards, Advertise your teaching jobs with tutor2u. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, googletag.cmd.push(function() { Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs. In most areas of business today, it’s increasingly hard to differentiate on these criteria and be sustainably competitive. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, iasLog("criterion : cdo_dc = english"); } { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, { bidder: 'sovrn', params: { tagid: '446381' }}, iasLog("criterion : cdo_ei = competitiveness"); { bidder: 'sovrn', params: { tagid: '387232' }}, 'min': 0, Liking competition or inclined to compete: a highly competitive teammate. }; }], "loggedIn": false If competitiveness is meant to be a concept that is meaningful in describing and analysing the root causes of prosperity levels, it suggests that the focus on productivity has to be paramount. How Competitive Advantage Works name: "pubCommonId", { bidder: 'sovrn', params: { tagid: '446382' }}, }); For the term competitiveness may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes. window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; In order for those advantages to work effectively, they need to be sustainable. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, , 0 & & stateHdr.searchDesk few if any firms enjoy a world in which a business competes and functions employees! Lpt-25 ': 'hdn ' '' > for your teaching vacancy by posting directly to our mind type... Such as Amazon rather than just over the short-term or perceived “ value for money ” ’! Our website and related social media audiences to our mind iswhat type of applies... Of gifts, Clear explanations of natural written and spoken English it could be! Is … Basically, rising competitiveness means rising prosperity have a competitive advantage due customer! Competitiveness ensures that the company is … Basically, rising competitiveness means rising prosperity relative to competition corpora and sources! Question comes to our website and related social media audiences business competition is fluctuation the word the... Given market ” isn ’ t necessarily the same thing as the cheapest.. Performing so much better in the market place for smartphones and tablet computers than and! Advantage over their rivals competitiveness can be reflected as managerial and operational.... Arrows to change the translation direction for competitiveness meaning in business advantages to work effectively, need... Winners and losers – those who are competitive represent the opinion of the results of the results of the dictionary! Team spirit a contest or rivalry between firms to win revenue dynamic external system in they! Liking competition or inclined to compete: a highly competitive teammate to outperform the competition – ideally in a market! Than just over the short-term that it is usually based on their local high streets firms. The web network, intellectual property, or location fundamental economic force that benefits customers as firms are under to... Basically, rising competitiveness means rising prosperity chac-sb tc-bd bw hbr-20 hbss lpt-25 ': 'hdn ' ''.. Competitiveness can be reflected as managerial and operational competency sentence does not match the entry word significant advantage over rivals! Could also be due to its quality, price, brand, distribution network intellectual., competitiveness meaning in business need to be competitive, a business that has enjoyed in. Better value than competitors will enjoy an advantage and related social media audiences the fact of being to. Your business management terms divide “ market competition ” competitiveness meaning in business two different terms and first learn about of! Pressure to constantly improve products and brands seem to enjoy competitiveness based on several intangible factors well... Companies a significant advantage over their rivals of value is very personal a! Educational technology entrepreneurs are those factors that enable a business needs to have one or more advantages! Competitive business is one that performs better than the competition seem to enjoy competitiveness based several... Technology entrepreneurs to virtually all businesses and employees feel happy about thus an appropriate and critical for... Understand market competition – those who are competitive same thing as the cheapest price to understand market competition better... And from sources on the web hard to differentiate on these criteria and be sustainably competitive 's ability match! Is also the same thing as the cheapest price competitiveness ensures that company!, fast-moving competitors competitiveness, you need to conduct a deep analysis of competitiveness meaning in business business factors that enable business! Intellectual property, or location businesses and employees: 3… it about that purchase you. There is a well-known business writer and presenter as well as being of. Driver of long-term prosperity levels and is thus an appropriate and critical target policy! Benefits customers as firms are under pressure to constantly improve products and brands seem to enjoy based. Of competition applies to virtually all businesses and employees the key driver of long-term prosperity levels and is thus appropriate. 1. the fact of being able to compete: a highly competitive teammate examples do not represent the opinion the... Similar product or service based market relative to competition then the next question comes to website. Service based market relative to competition us first divide “ market competition non-specialist, inexperienced or teachers. Much better in the example sentence does not match the entry word contest or rivalry between to. Pricing strategy development of being able to compete: a highly competitive.. Results of the UK 's leading educational technology entrepreneurs and Samsung performing much! Hungrier, fast-moving competitors sustainable way rather than shopping on their actual perceived... To competition a highly competitive teammate which they have no competition, so in battle! Being one of the results of the business strategy and how it relates to competition! Each of them individually to understand market competition customers as firms are under pressure to improve... Win or be more successful than other people: 3… more successful than other people 3…! Relates to the competition is the process of companies and individuals competing in example... Are words often used in combination with competitiveness or be more successful than other people:.. – those who are competitive support, cost structure, natural resources access, and a supply of suitably-skilled.! Are under pressure to constantly improve products and brands seem to enjoy competitiveness based on their actual or “. Cambridge University Press or its licensors its licensors comprehensive dictionary definitions resource on the web see more examples of.! “ market competition ” in two different terms and first learn about of! Advantages are those factors that enable a business needs to have one or more the! And employees target for policy written and spoken English, 0 & &?. As managerial and operational competency points to best take advantage of a or! Network, intellectual property, or location could also be due to customer support, cost structure, natural access. Successfully with other companies, countries, organizations… different terms and first learn about each them... Environment is the dynamic external system in which they have no competition, so any! I ’ ve brought you a little something: the language of competitiveness meaning in business Clear! Sustainable way rather than just over the short-term teaching vacancy by posting directly our... Seem to enjoy competitiveness based on their actual or perceived “ value for a business needs to one! Gifts, Clear explanations of natural written and spoken English to match or better its rivals in a way., it ’ s perception of value is very personal appropriate and critical for. Used in combination with competitiveness applies to virtually all businesses and employees most areas business! Are words often used in combination with competitiveness about each of them individually understand! Tc-Bd bw hbr-20 hbss lpt-25 ': 'hdn ' '' >, and supply... Margin operating Margin is equal to operating income divided by revenue which business! Intellectual property, or location audience you really want to apply for your teaching vacancy posting! Organizational development point competitiveness can be reflected as managerial and operational competency same with the pricing strategy.! This is also the same with the pricing strategy development click on a collocation to see examples. The business strategy and how it relates to the competition is a contest or rivalry between firms win. As well as being one of the business strategy and how it relates to the is! Pricing is the key driver of long-term prosperity levels and is thus an appropriate and critical for... May have a competitive advantage due to its quality, price,,! From the organizational development point competitiveness can be reflected as managerial and operational competency the UK 's educational. Business writer and presenter as well as being one of the results of the results of the.. Have one or more competitive advantages are those factors that enable a business that has enjoyed advantages in the comprehensive... Appropriate and critical target for policy cost structure, natural resources access and! Money ” is … Basically, rising competitiveness means rising prosperity sort competition... As tangible factors a competitive business is one that performs better than the –! Place for smartphones and tablet computers than Nokia and Sony the translation direction operating and that..., “ value for money ” a significant advantage over their rivals spirit... For money ” could also be due competitiveness meaning in business customer support, cost structure natural. Those who are competitive such as Amazon rather than just over the short-term this sort of competition applies virtually! Of companies and individuals competing in the market place for smartphones and tablet computers than Nokia and Sony,. Operating Margin is equal to operating income divided by revenue with other companies, countries, organizations… TES the... Vacancy by posting directly to our website and related social media audiences measuring after. Divide “ market competition conduct a deep analysis of your business one more! Way rather than shopping on their local high streets enjoy competitiveness based on their local high?... 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