Analysis of Determinants of Enterprise Competitiveness and Their Formation Mechanism

Author: Hu Dali
Publisher:
Publish Date: 2005-04-01
Features: Competitiveness is the only capital for enterprise survival. In a fiercely competitive market environment, only those businesses that are flexible in operation, innovative, and highly competitive can survive in the long run. Those lacking vitality, slow to respond, poor at innovation, and uncompetitive will only be eliminated by the market. Competitiveness is the only weapon for enterprises to win success. There are many forms of enterprise competition, and diverse means are used, but ultimately, the deciding factor of victory is the competitiveness of the enterprise. At its core, enterprise competition is a battle of resources and capabilities. Whoever possesses strong resources and the ability to allocate them effectively, as well as the capacity for continuous learning and innovation, will prevail in the fierce market struggle.