Definition of Competitiveness in the Definitions.net dictionary. A customer’s perception of value is very personal. In order to be competitive, a business needs to have one or more competitive advantages. googletag.cmd = googletag.cmd || []; storage: { { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, storage: { {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Historically, access to new technology has consistently given companies a significant advantage over their rivals. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, analysis of the international economic competitiveness of a country or economic region { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); • The features or benefits that you obtained from the product the ability of a company, country, or a product to compete with others New machinery has enhanced the company’s productivity and competitiveness. }, }], 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. // FIXME: (temporary) - send ad requests only if PlusPopup is not shown bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, Much cheaper & more effective than TES or the Guardian. 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. { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, 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. { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, Learn more. addPrebidAdUnits(pbAdUnits); dfpSlots['houseslot_b'] = googletag.defineSlot('/2863368/houseslot', [], 'ad_houseslot_b').defineSizeMapping(mapping_houseslot_b).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setCategoryExclusion('house').addService(googletag.pubads()); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/23202586/cdo_rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, var pbTabletSlots = [ { bidder: 'appnexus', params: { placementId: '11654156' }}, 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. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, googletag.pubads().setCategoryExclusion('lcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); Learn more. { bidder: 'sovrn', params: { tagid: '346693' }}, 'min': 3.05, com‧pet‧i‧tive‧ness /kəmˈpetətɪvnəs/ noun [ uncountable] 1. This is also the same with the pricing strategy development. Click on the arrows to change the translation direction. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, Value is what a customer is prepared to money for. }); iasLog("criterion : cdo_pt = entry"); googletag.pubads().setTargeting("cdo_pc", "dictionary"); priceGranularity: customGranularity, A competitive advantage is an attribute that enables a company to outperform its competitors. 'max': 36, },{ The following are common types of business competition. { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, So what does this term mean? It can also generate more value for a business and its shareholders. },{ }; For the OECD (1992), "competitiveness is the degree to which a nation can, under free trade and fair market conditions, produce goods and services which meet the test of international markets, while simultaneously maintaining and expanding the real income of its people over the long-term." {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, } { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, partner: "uarus31" 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. • Why do retailers like John Lewis Partnership and Dominos UK continue to grow and prosper when other retailers like Comet, Game Group and Clinton Cards struggle to survive? In order for those advantages to work effectively, they need to be sustainable. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, A market can be defined as a place where two or more parties comes together to exchange goods or services or any other information.. Generally, a market is called a place where sellers sell their goods and service in exchange for money. Business competition is a contest or rivalry between firms to win revenue. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, iasLog("exclusion label : lcp"); All firms in the same market are chasing the same thing, so you can see that the concept of competitiveness is a moving target. { bidder: 'sovrn', params: { tagid: '346693' }}, expires: 365 }, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, Few if any firms enjoy a world in which they have no competition, so in any market there is a battle to succeed. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, In customers’ minds, … { bidder: 'ix', params: { siteId: '195451', size: [320, 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: 'ix', params: { siteId: '195451', size: [300, 50] }}, "loggedIn": false { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, 'buckets': [{ { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, name: "identityLink", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, pbjsCfg = { } {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, In most areas of business today, it’s increasingly hard to differentiate on these criteria and be sustainably competitive. { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, compared to its competition and generates value. type: "html5", { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, expires: 365 { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, var pbAdUnits = getPrebidSlots(curResolution); { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, • The enjoyment or satisfaction you have gained from owning or experiencing the product? ga('require', 'displayfeatures'); Basically, rising competitiveness means rising prosperity. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, Soft Economic Moat: A type of economic moat (or competitive advantage) that is based on intangible qualities such as exceptional management or a … How Competitive Advantage Works Productivity is the key driver of long-term prosperity levels and is thus an appropriate and critical target for policy. { bidder: 'sovrn', params: { tagid: '446381' }}, The competitive analysis is a statement of the business strategy and how it relates to the competition. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, 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. 'cap': true { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, pid: '94' googletag.pubads().enableSingleRequest(); What does Competitiveness mean? • The price you paid? 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. { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, 'min': 0, { bidder: 'appnexus', params: { placementId: '11654149' }}, },{ { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, Meaning of competitiveness: An organisation's ability to match or better its rivals in a given market. { bidder: 'sovrn', params: { tagid: '446382' }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, var dfpSlots = {}; • Why are Apple and Samsung performing so much better in the market place for smartphones and tablet computers than Nokia and Sony? { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, In order to be competitive, a business needs to have one or more competitive advantages. "sign-in": "https://dictionary.cambridge.org/auth/signin?rid=READER_ID", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, if(pl_p) var pbMobileLrSlots = [ { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, pbjs.setConfig(pbjsCfg); 'min': 31, var pbDesktopSlots = [ dfpSlots['topslot_a'] = googletag.defineSlot('/23202586/cdo_topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, { bidder: 'sovrn', params: { tagid: '346688' }}, • The business has an advantage over its competitors by being able to offer better value, quality and/or service. 'max': 3, Business competition is the process of companies and individuals competing in the same industry or field. googletag.pubads().setTargeting("cdo_ei", "competitiveness"); iasLog("criterion : cdo_tc = resp"); "login": { 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 … bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, All non-specialist, inexperienced or new teachers of A-Level Business. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'sovrn', params: { tagid: '705055' }}, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, Browse our dictionary apps today and ensure you are never again lost for words. Usage explanations of natural written and spoken English, 0 && stateHdr.searchDesk ? 'increment': 0.5, "error": true, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, var mapping_topslot_b = googletag.sizeMapping().addSize([746, 0], [[728, 90]]).addSize([0, 0], []).build(); Whenwe talk about business competition; then the next question comes to our mind iswhat type of competition. { bidder: 'sovrn', params: { tagid: '387233' }}, In any battle there are winners and losers – those who win are generally those who are competitive. Remote learning solution for Lockdown 2021: Ready-to-use tutor2u Online Courses userSync: { { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, Identifying your competition and staying informed about their products and services is the key to remaining competitive in the market and is crucial to the survival of any business. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, dfpSlots['rightslot'] = googletag.defineSlot('/23202586/cdo_rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); Basically, rising competitiveness means rising prosperity. }] { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, iasLog("criterion : cdo_c = " + ["jobs_education_resumes", "law_government_military"]); { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/competitiveness"); One of the results of the competition is fluctuation. {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/23202586/cdo_leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, }, • The time you have saved? { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, googletag.pubads().setTargeting("cdo_c", ["jobs_education_resumes", "law_government_military"]); The clue is in the word – competitiveness is about competing – against the other firms, brands, products and services in the chosen market or industry. 'max': 30, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'sovrn', params: { tagid: '705055' }}, "authorization": "https://dictionary.cambridge.org/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=&v1=&v2=&v3=&v4=english&_=RANDOM", userIds: [{ A competitive advantage is what makes an entity's goods or services superior to all of a customer's other choices. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, bidders: '*', filterSettings: { Much better in the past soon finds that it is a profitability ratio measuring revenue after covering operating and t! Today and ensure you are never again lost for words us first “... Therefore, a business competes and functions learn about each of them individually to understand market competition than people... 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