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Purpose: This paper aims to assess the short- and long-run effects of the interaction between institutional quality and financial development (FD) on the competitiveness of the WAEMU economy over the period 2007–2018. Design/methodology/approach: The methodology consisted of cross-referencing a synthetic indicator of FD with indicators of institutional quality and then estimating an auto regressive distributed lag model. Findings: The results of the pooled mean group and dynamic fixed effect estimation show a positive and significant impact of this interaction on the competitiveness of the economy in the long run. In the short run, the results are quite similar to those in the long run for the direct effects but different for the crosses. Also, the analysis of country specificity shows that the results are similar to those in the short run since the interaction between FD and institutional quality (political stability and government effectiveness) negatively affects the competitiveness of Burkina Faso, Ivory Coast and Mali, and positively affects the competitiveness of Benin and Senegal. Social implications: These results suggest the need for effective policies to improve the quality of institutions to enhance the mobilization of financial resources through FD to ensure the competitiveness of economies. Improving the quality of the political and institutional environment is a prerequisite for economic competitiveness. Originality/value: The paper is in line with the New Institutional Economics that developed in the 1970s. This referential framework is a heterogeneous body of work that encompasses works whose common point is the determination of the role of institutions in economic coordination. Unlike previous studies, which have focused on the contribution of the interaction between institutional quality variables and FD on economic growth, this paper analyzes the effects of this interaction on economic competitiveness. It, therefore, constitutes a contribution to this literature and aims primarily to fill this gap. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to investigate the smart economic development (SED) patterns in Europe in relation to competitiveness. Motivational focus corresponds to global events: the fourth industrial revolution, transition to a low-carbon economy, economic shocks (such as the 2008 financial crisis, Brexit or the coronavirus pandemic), which requires rethinking development policies, targeting competitiveness increase and reducing imbalances in economic development. Design/methodology/approach: The analysis includes self-organising neural networks cluster analysis and correlations, comparative analysis of SED indicators structure and cumulative index estimation with World Economic Forum (WEF) global competitiveness index. The panel data set of 19 years from 2000 to 2018 for 30 European countries. Findings: Overall, cross-country examination suggests that European countries of higher competitiveness illustrate higher estimates in SED. The key determinants are juridical fairness, social responsibility, competence building, intelligence and welfare employment to develop smart patterns for reaching higher competitiveness. Research limitations/implications: The limitations relate to the particular sample of European countries and gathering statistical data and a methodology of the SED index calculation. In addition, the paper contains a macroeconomic environment focus on competitiveness estimation. Further research may be improved with micro and mezzo environment incorporation at a cross-country analysis level. Practical implications: By linking well-known terms of competitiveness and economic development with a concept of smartness, new approaches to policymaking emerged. The methodology presented in this paper has implications for territorial cohesion policies, competitiveness and branching strategies. The combination of SED sub-indexes and WEF GCI might aid a more accurate ex ante measurement. Social implications: The findings are essential for fostering a smart approach in economic development for long-term competitiveness. Originality/value: This paper provides original empirical evidence about the relationship between SED and competitiveness and adds new knowledge that smartness becomes a way for building countries' competitiveness by identified two profiles of SED patterns by development stages, namely, integrated to economic development and institutional-based which is divided to focus and balanced. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to determine whether the way competitiveness is measured matters, as well as to analyze the relationship between tax burden and economic competitiveness using a variety of model specifications. Design/methodology/approach: This paper uses statistical models aimed at finding the relationship between taxes and different measures of economic competitiveness, such as gross domestic product per capita, employment and a third-party competitiveness index. Other variables are also considered, and statistical procedures such as lag specifications and "white period" errors are used to address problems of endogeneity and serial correlation. Findings: The models find no robust relationship between taxes and competitiveness. Certain models find correlations between the tax burden of specific income groups with economic competitiveness, but these vary in direction and are difficult to interpret. This follows past research, which shows different results depending on the period analyzed, measure of competitiveness and other variables used. Originality/value: This paper looks at many of the different measures of competitiveness, control variables and periods that are used in the previous literature and shows how any changes to these model specifications cause inconsistent results. This paper highlights that, because results can vary greatly depending on the model, researchers and policymakers must be careful when drawing any conclusions from relationships between taxes and economic competitiveness. [ABSTRACT FROM AUTHOR]

Purpose: This study aims to shed light on the experience of the United Arab Emirates (UAE) in balancing three main pillars: the environmental criteria, the reduction of CO2 emissions and the economic growth. Based on the environmental Kuznets curve (EKC) framework, it will assess the causal relationship between economic indicators such as gross domestic product (GDP) per capita, trade openness and energy use and environmental indicators such as CO2 emissions. Design/methodology/approach: The analysis relies on a period of 40 years (1981–2020) where data is extracted from the World Bank database. This study uses the unit root test for time series stationarity, the optimal lag length test, the "Johansen" test for co-integration and the vector error correction model. Findings: The paper concludes to two major findings. On a short-term basis, CO2 emissions and economic indicators are negatively correlated, whereas on a long-term basis, there is no association between CO2 emissions and economic indicators in the UAE. Research limitations/implications: The research ends with important recommendations. It illustrates the importance of rationalizing the use of primary resources and the necessity to embrace successful and efficient policies in the energy production. Practical implications: More specifically, UAE is urged to address the problem of CO2 emissions in the electricity sector and increase awareness of the use of environmentally friendly processes in the transport and industrial sectors. While setting their economic agendas, UAE are encouraged to meet environmental criteria and invest in renewable energy projects such as "Shams 1", the largest solar power plant outside of Spain and the USA. Originality/value: The current study is significant in its research on the environmental impact of economic development, trade openness and energy use policies in the UAE. It uses CO2 emissions as an environmental proxy and evaluates the environmental policies adopted in the UAE to reduce its impact. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to explore how countries can make a more efficient and effective cooperation strategy, considering their competitive strengths and weaknesses.Design/methodology/approach This paper is an exploratory study in examining the efficient way of national cooperation from the competitiveness perspective. By applying the double diamond-based nine-factor model and the framework for the life cycle of national competitiveness, this study proposes the importance of cooperation strategy, considering the current competitiveness status. A case study of two economies of South Korea (hereafter referred to as Korea) and Dubai reveals a potentially substantial cooperative relationship.Findings Although Korea and Dubai are geographically and culturally distant, they share complementary resources to enhance their overall competitiveness. In addition, their past experiences of growth can effectively deal with their current challenges and help their economies move to more advanced stage.Practical implications The methodology used in this paper can provide a useful guideline for policy makers to examine the current development status of their economies, find an appropriate cooperation partner and decide the priority of cooperating areas.Originality/value Although most existing studies explain national competitiveness from a narrow perspective, this paper provides a more comprehensive analysis using the extended model of Porter’s single diamond model. In addition, this paper conducts an intensive case study of Dubai and Korea for possible cooperation. [ABSTRACT FROM AUTHOR]

Purpose: Whereas in developed countries, sustainability primarily focuses on environmental topics, in developing countries the issues of poverty, development and equity are equally, if not more, important. The purpose of this paper is to apply measures of social and environmental sustainability to assess sustainable development for the period 2005–2015 across a sample of 94 countries for which relevant data are available. Countries include two groups: developed and developing countries. Design/methodology/approach: Using the index-based approach introduced by the World Economic Forum in its Global Competitiveness Project, a range of indicators are collected for estimating trends in both social and environmental sustainability. For the panel of data identified, a dynamic panel data estimator method is applied to the data set constructed. This paper presents the empirical results identifying key competitiveness factors related to social and environmental sustainability (separately and combining both aspects in a comprehensive sustainability framework). Findings: This study explores how sustainable competitiveness offers a comprehensive assessment of the inter-related dynamics of the social, the environmental and economic building blocks of sustainable development simultaneously. Performance impacts are found to differ substantially across two groups of countries depending on their development level. This highlights the challenges in shaping and achieving sustainable development goals. Originality/value: To the best of the authors' knowledge, this research is novel in examining the intersections between economic competitiveness and environmental and social sustainability addressing an identified research gap. In addition, the paper investigates the most important competitiveness pillars focusing on both strengths and weaknesses in sustainable competitiveness across developed and developing countries. [ABSTRACT FROM AUTHOR]

Purpose – This paper aims at investigating the multifaceted nature of innovation networks by focusing on two research questions: Do cluster actors exchange only one type of innovation-related knowledge? Do cluster actors play different roles in innovation-related knowledge exchange? Design/methodology/approach – This paper builds on data collected at the firm level in an Italian aerospace cluster, that is a technology-intensive industry where innovation is at the base of local competitiveness. A questionnaire was used to collect both attribute data and relational data concerning collaboration and the flows of knowledge in innovation networks. The authors distinguished among three types of knowledge (technological, managerial and market knowledge) and five types of brokerage roles (coordinator, gatekeeper, liaison, representative and consultant). Data analysis relied on social network analysis techniques and software. Findings – Concerning the first research question, the findings show that different types of knowledge flow in different ways in innovation networks. The different types of knowledge are unevenly exchanged. The exchange of technological knowledge is open to everyone in the cluster. The exchange of market and managerial knowledge is selective. Concerning the second research question, the authors suggest that different types of cluster actors (large firms, small- and medium-sized enterprises, research centers and universities and institutions for collaboration) do play different roles in innovation networks, especially with reference to the three types of knowledge considered in this study. Research limitations/implications – The present paper has some limitations. First of all, the analysis focuses on just one cluster (one industry in one specific location), cross- and comparative analyses with other clusters may illuminate the findings better, eliminating industry and geographical biases. Second, the paper focuses only on innovation-related knowledge exchanges within the cluster and not across it. Practical implications – The results have practical implications both for policy makers and for managers. First, this research stresses how innovation often originates from a combination of different knowledge types acquired through the collaboration with heterogeneous cluster actors. Further, the analysis of brokerage roles in innovation-driven collaborations may help policy makers in designing programs for knowledge-transfer partnerships among the various actors of a cluster. Social implications – The paper suggests a clear need of developing professional figures capable of operating at the interface of different knowledge domains. Originality/value – The data illuminate several aspects of how innovation takes place in a cluster opening up intriguing aspects that have been overlooked by extant literature. The authors believe that this may trigger several lines of further research on the topic. [ABSTRACT FROM AUTHOR]

Purpose The aim of this paper is to unpack the nature of business innovation and understand the impact on regional innovation and competitiveness.Design/methodology/approach The paper is based on a qualitative study of Advanced Manufacturing and Advanced Materials businesses in the Sheffield City Region (UK). Interviews were conducted with 23 firms in exploring how innovation in the firm translates to innovation-led regional economic growth.Findings The paper demonstrates that there is a tendency of owner managers to focus on innovation in terms of the development of new products, processes and/or services. Many of the businesses interviewed were technologically innovative, yet there was little evidence of wider business model innovation. This, the authors conclude, stymies regional innovation and with it regional economic growth.Research limitations/implications This study is based on a case study of the Sheffield City Region and is not generalizable, but offers insights into the nature of business model innovation which are valuable in generating questions for further research.Practical implications The paper highlights the need to think of innovation in broader terms and the scope of business model innovation to not only improve the performance of firms but also regional economic growth.Originality/value Business model innovation is a growing domain of the literature, and this paper highlights how narrow interpretations of innovation may serve to limit growth business growth, and with it regional economic growth. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to test whether knowledge-intensive business services (KIBSs) contribute to international business activity. In line with studies from the servitization, the territorial competitiveness and the global value chain realm, it can be hypothesized that if KIBS consumption has a positive effect on business competitiveness, a correlation is discernible between “intensity of KIBS uptake” and “turnover and export performance at industrial sector level”.Design/methodology/approach To test this hypothesis, the authors make use of input-output tables from the Basque Country for the period 2000-2012 and regional accounts regarding turnover and export per sector and calculate how consumption of a series of KIBS correlates with turnover and export evolution for 14 industrial sectors.Findings The authors find a strong fit between consumption of KIBSs and international competitiveness parameters for the industrial sectors screened.Research limitations/implications The authors postulate that the use of KIBS is beneficial for consuming industries. Accordingly, the authors posit that having a sound KIBS basis in a territory contributes to (international) business competitiveness, and that industrial policies should foster the rapprochement of manufacturing sectors to KIBS. At the same time, the authors assume that reverse causalities may be at play (international competitiveness of manufacturing sectors boosts KIBS consumption through backward linkage effects).Practical implications The paper posits that having a sound KIBS basis in a territory contributes to international business competitiveness, and that industrial policies should foster a rapprochement of manufacturing sectors to KIBS. A further implication would be to look after a minimum critical mass and or to engage in KIBS capacity building in a territory. Absence of competitiveness-enhancing KIBS in a region may hamper business performance and staying power of user industries. The paper’s findings also imply that the posture of manufacturing firms towards uptake of knowledge-intensive services matters, and that fostering their proactiveness to interact with KIBS is indicated. Similarly, they form an argument in favour of considering KIBS as active subject matters for industrial policy design.Originality/value Amidst the several perspectives adopted upon KIBS’ role to foster business and territorial competitiveness, what is largely absent is the examination of how uptake of KIBS by respective sectors relates to the turnover or export evolutions that the sectors in question reveal. Consequently, the present paper sets out to examine this research question. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to offer clarity on a central concept introduced in Porter’s The Competitive Advantage of Nations, i.e. the cluster. The authors situate the concept introduced by Porter (1990) relative to two of its antecedents, the industrial district and industrial complex. Placing the cluster in a historical context permits consideration of the extent to which it, as a concept for analysis, may be differentiated from other geography-based approaches to economic phenomena. In this way, this paper examines the added value of the cluster concept derived from economic factors.Design/methodology/approach The paper provides a detailed literature review tracing the evolution of theories of location and agglomeration into which Porter’s cluster fits. The evolution of Porter’s own conceptualisation of the cluster and how this relates to theoretical clarity surrounding the concept is explored. Comparative analysis of theories of location, agglomeration and clustering is provided to identify similarities and differences across the approaches and identify the added value of the cluster concept in relation to other approaches.Findings Clustering represents a process associated with spatial organisational form which may offer advantages in efficiency, effectiveness and flexibility. Cluster benefits can be appreciated through the lens of Young’s (1928) identified sources of increasing returns. A key aspect in clustering is revealed in terms of its role in enabling four sources of increasing returns. The authors outline how these sources of increasing returns are related to “soft” processes of networking, interaction and individual and collective learning. Porter’s Diamond is a self-reinforcing system which can permit increasing returns and reinforce such tendencies of economic activity within agglomerations.Originality/value Added value from Porter’s cluster concept is identified in the context of both its locational anchoring and in terms of its potential for understanding the role of exploitation of increasing returns for development. This points to the importance of focusing on clustering as a process rather than on cluster within typologies of organisational form. This implies that the nature of relationships (and how they change) within and across markets, institutions and actors lies at the heart of clustering because of their roles in knowledge-generation, including innovation, knowledge sharing and upgrading. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper was to measure the efficiency of resource utilization across OECD countries aiming to verify that higher levels of competitiveness enhance the production capacity – the maximum possible output of an economy in a given period with the available resources.Design/methodology/approach The author used a two-stage procedure to first estimate the cross-sectional efficiency scores of 18 OECD economies by data envelopment analysis, and then to assess the impact of contextual variables on efficiency running regressions in the second-stage analysis. In particular, in the second stage, the author examined the effects of competitiveness on the production efficiency of the countries, while controlling for other independent variables.Findings The results confirmed that the higher the level of competitiveness, innovation and sophistication factors predominantly, the higher the level of productive efficiency of the countries analyzed.Originality/value The paper is novel because it opens the black box of the aggregate process of production of the conversion of resources into a national product. From the social point of view, it is relevant to know if a country could produce more output with the same resources, such as labor and capital and, therefore, could increase per capita income and social welfare. [ABSTRACT FROM AUTHOR]

Purpose – This paper is a historical account of the process by which Michael Porter and INCAE Business School put together a regional competitiveness strategy for Central America that was officially adopted by the governments of five participating countries, and implemented through a series of Presidential Summits that occurred between 1995 and 1999. The paper provides a unique case study on the adoption of the concepts put forth by Porter in his book “The Competitive Advantage of Nations” (1990) at the highest level of government. The study arrives at a series of practical implications for policy makers that are particularly relevant for the implementation of supra-national regional strategies. Design/methodology/approach – The authors conduct an extensive literature review of 190 policy papers produced by INCAE Business School, that are used to recreate the historical evolution of the regional competitiveness strategy. The effect of Porter’s intervention is also assessed by comparing the main economic indicators of each participating country with those of 2005-2010. One of the authors was the main protagonist in the successful implementation of the strategy, and the paper relies partially on his accounts of events. Findings – This study describes how economic policy in Central America was profoundly influenced by Michael Porter’s thinking in the second half of the 1990s. These policy changes promoted international competition of Central American clusters and firms, and opened the region for international investment and tourism. The region experienced important increases in its economic integration, its international trade, foreign direct investment and tourist arrivals. Gross domestic product growth was accelerated in Honduras and Nicaragua. Research limitations/implications – Like all case studies, this study has limits related to the generalizability of its conclusions. Additionally, it is not possible to determine the precise nature of the relation between the implementation of the regional economic strategy, and the impact on economic growth, integration, FDI attraction and exports. Practical implications – The paper has several practical implications that relate to the design of regional economic strategies. First, it identifies policy areas that are more effective as part of regional strategies, and distinguishes them from those that should be resolved at the national level. Second, it suggests a process that can facilitate execution. Finally, it provides an example of the coordinating role that can be assumed by an academic institution such as INCAE. Originality/value – The Central American Competitiveness Initiative provides a unique setting to study the implementation of competitiveness policy for several reasons. First, in all countries in Central America, Michael Porter’s diamond framework (1990) and cluster theory were officially adopted at the highest level of government. Second, in addition to their individual competitiveness strategies, all countries adopted a regional strategy for cooperation and economic integration. Finally, the Central American Competitiveness Initiative was founded on one of the first competitiveness think tanks of the world. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this paper is to develop an outsourcing matrix and explains how outsourcing can be used to facilitate strategic innovation. Design/methodology/approach -- The methodology used in this study is of an explanatory case study. This paper uses secondary data as well as primary data from several interviews with executives, entrepreneurs and industry experts. The combination of the two sources of data ensures a certain level of convergence and completeness in the analysis presented. Findings -- The approach suggested in this paper offers small and medium-sized firms an opportunity to innovate strategically (i.e. creation of newer services and products) and potentially level the playing field with larger rivals. Originality/value -- This paper offers practicing managers a framework for using outsourcing as a means to compete effectively. Importantly, compared to the outsourcing literature's traditional focus on large firms, this paper is one of the few which takes the perspective of the small or medium sized firm. Additionally, this paper serves as a foundation for theory building and future research on the usage of outsourcing by such firms to enhance strategic competitiveness. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to analyse time-series change of the competitiveness of leading companies of the sector based on their financial position regarding the period of financial crisis. Design/methodology/approach – First, high level of revenue concentration was proved; consequently, strong competitive situation among few competitors was realised. Corporations having three common features (high amount of equity, high revenue and diversified product structure) were included in the sample. As the methodological background financial parameters were assigned to the definition of corporate competitiveness, and then comparative and comprehensive financial analysis of competitors was accomplished. Using relevant studies, liquidity based on balance sheets and cash flow statements, working capital processes, conventional and cash-flow based profitability were analysed. Findings – It was proved that sample companies continuously improved the efficiency of working capital management indicated by the decrease of the average cash conversion cycle from 45 to 23 days. It was realised that there is a Hungarian-owned firm having outstanding financial performance; consequently, it has significant position among competitors. This company has further opportunity to increase its market share and competitiveness in the future. Finally, important characteristics of the sector were identified concerning the low level of technological improvements (the average ratio was below 3 per cent of the revenue), and unfavourable profitability processes. Originality/value – In this paper, a separate analytic framework is established in view of the application of financial indicators to analyse competitiveness. This kind of analysis was not executed before in this sector. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to contrast “doing more” and “knowing more” corporations. The paper sheds light on what makes a corporation competitive in the marketplace. Design/methodology/approach – The paper discusses the concept of “doing more”, as exemplified in practice by Microsoft under the leadership of Steve Ballmer. The paper relies on recent debates on Microsoft to make its point. Findings – Based on a survey of the current literature on Microsoft and its CEO, the paper demonstrates that only corporations that are innovative and shape the competition landscape are able to make a difference in the marketplace and significantly alter the competition equation. Originality/value – The paper reflects on the state of Microsoft and what has led to its inability to recognize key shifts in technology and customers' expectations. The paper sets the stage for a better understanding of corporations that are about “doing more” and those which focus on reinventing themselves and their industry by being about “knowing more”. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to focus on the role of leadership in the design and implementation of territorial strategies for competitiveness. It attempts to address two research questions: first, how leadership is influenced by theory and the other way around, how theory is transformed through leadership; and second, what characteristics of leadership are most important to successfully implement territorial strategies.Design/methodology/approach The paper is based on a case study of the life experience of an individual who has worked in positions of high responsibility in the government, the private sector and at the university. It is based on first-person action research combined with the contrast of two other co-authors.Findings Three findings may be highlighted from this case study. First, the importance of having leaders learning from their own process of leadership and co-evolving with the need for transformation which requires territorial strategies at every moment. Second, the necessity of having leaders whose objectives are aligned with those of the territory. Third, that individual leadership must have three characteristics to implement successfully territorial strategies: a balance between the individual and the collective objectives, a systemic vision and a consciousness of one’s own role in the system and a multi-level dimension.Originality/value Although territorial strategies are becoming increasingly popular both in the academia and in the policy arena, one of their critical elements, the role of individuals and that of leadership in general have not been addressed neither by scholars nor by practitioners. This paper attempts to explore the role of leadership through a case study based on the life experience of an outstanding individual in one of the regions with the longest tradition on territorial strategies for competitiveness. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to examine recent trends in R&D offshoring by US multinational enterprises (MNEs) against a well-established conceptual framework derived from transaction cost and internalization theories, as well as challenges to it. Design/methodology/approach – The paper develops and tests a parsimonious model of cross-country variation in R&D performed by affiliates of MNEs based on a 31-country, 15-year dataset of US non-bank majority-owned foreign affiliates (MOFAs). Findings – Consistent with the implications of transaction cost and internalization frameworks, the findings show that the location of R&D offshoring is significantly determined by ownership of physical assets by MNEs in the host country and host country technological capability. Practical implications – R&D offshoring can enhance the quality and the quantity of knowledge flows between home country and host country R&D centers. The resulting positive knowledge spill-over effects can increase the welfare and productivity of an MNE and its home country in the long run. Originality/value – The paper provides a comprehensive explanation for MNEs' R&D offshoring based on transaction costs, internalization framework and technological factors. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to examine the national-level predictors of country competitiveness using the concept of managerial discretion. The objective is to empirically link the strategic management discipline particularly the upper echelon theory to the concept of country performance measured by competitiveness.Design/methodology/approach This paper tests the proposed relationship between managerial discretion and country competitiveness using a sample of 18 countries from 6 different regional clusters. Discretion scores are generated from survey responses of prominent senior management consultants, while country competitiveness is measured via the Global Competitiveness Index developed by the World Economic Forum. A multi-level regression analysis on the panel data set spanning 10 years of national competitiveness levels is used to empirically demonstrate the association between managerial discretion and country competitiveness.Findings The authors show that managerial discretion is a direct predictor of national competitiveness through its ability to provide CEOs with a wider array of actions to innovate and enhance firm performance which will ultimately contribute to country competitiveness.Practical implications The positive influence of managerial discretion on country competitiveness provide an interesting framework to examine the influence of firms over public policy-making. Additionally, with businesses becoming increasingly globalized, the profile of countries becomes of a great importance and can become a tool for corporate strategic decisions, such as: market entry strategies.Originality/value By linking the well-known term of competitiveness to the concept of managerial discretion, the authors provide a totally new approach to assess country performance. Additionally, this paper contributes to the growing literature of managerial discretion by discovering new national-level consequences. [ABSTRACT FROM AUTHOR]

Purpose - The purpose of this paper is to provide a framework for connecting macro- and micro-level research on competitiveness. Design/methodology/approach - Based on some major international survey research reports (by the WEF, IMD, OECD, and the EU) and research experience, a gap is described between national and firm level competitiveness studies. A reasoning why filling this gap is discussed and a general research model connecting the two levels by using Porter's diamond model is developed. Findings - By using appropriate definitions of national and firm competitiveness and the diamond model a meaningful connection of the two levels can be created, which is useful both for connecting resent research results and as a foundation for further research. Research limitations/implications - Though the model is based on actual research experiences, its real value will become apparent after having it applied in concrete projects. This process is ongoing. Practical implications - The model is a very useful tool in analysing real world situations, from economic policy issues to strategic management. Originality/value The paper is a result of extended research on competitiveness and provides a new model for further analyses in a very important field. [ABSTRACT FROM AUTHOR]

Purpose – This paper aims to develop and implement a new approach of ranking countries according to their level of economic competitiveness. Design/methodology/approach – Competitiveness is conceptualized as the degree of participation in global integration, measured by the levels of exports, capital inflows and immigration. Based on a wide range of development indicators, composite indicators are constructed by means of a principal component analysis. In turn, these composites enter a canonical correlation analysis and estimated canonical weights are used as weights in the calculation of index scores. Findings – Measures of institutional and political quality are shown to be most closely connected to a country’s ability to export and to attract foreign factors of production. Inflows of foreign capital turn out to correlate much less with our weighting composites than export volumes. Research limitations/implications – Regarding prospects for future research, a broad range of further applications of this approach in the macro area is conceivable, including measures of a country’s quality of schooling, the quality of its health care system or of its governmental institutions. Originality/value – In comparison to prevailing macroeconomic indices, this method of index construction is superior in at least two respects. First, direct measures of a country’s performance are methodologically separated from mere performance drivers, contributing to higher clarity concerning the concept to be measured. Second, weights of performance drivers are not determined arbitrarily or based on subjective judgment, but emerge from a transparent and well-established statistical procedure. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to provide an understanding of the origins and journey of the fundamental ideas underpinning Michael Porter’s The Competitive Advantage of Nations as a means of assessing its influence. Design/methodology/approach – Drawing on a reflection of the book’s text and associated works by Porter, the paper shows how Porter’s thinking evolved from his earlier writings, as well as how his ideas went through further periods of development following the publication of The Competitive Advantage of Nations. Findings – The paper focuses on the emergence of Porter’s cluster theory and his growing acknowledgement of the role of innovation within processes of economic development. It shows how these concepts have provided a foundation for contemporary economic development practices. Also, the paper highlights how the fundamental concepts of Porter’s text have shifted from a unit of analysis focused on nations to one where subnational regions are the primary analytical unit. Originality/value – The paper concludes by suggesting that the nature of Porter’s conceptual insights is likely to ensure the long-term endurance of the fundamental lessons contained within The Competitive Advantage of Nations. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this study is to analyze how The Competitive Advantage of Nations project led by Professor Michael E. Porter has opened up new perspectives on competitiveness of nations and firms for scholars, practitioners and policymakers. With the publication of The Competitive Advantage of Nations (CAON) book in 1990, Professor Michael E. Porter opened up a whole new perspective on competitiveness and clusters, including both new research avenues and new perspectives for practitioners and politicians. By questioning the traditional, more static and macroeconomic, views on competitiveness, he opened up for a new model of microeconomic drivers of long-run firm competitiveness. The new conceptual model, the Diamond model, pointed to the importance of healthy rivalry and dynamic clusters, in the proximate firm environment, as central to our understanding of how firms build sustainable competitive advantages in global markets. Design/methodology/approach – Literature review and conceptual. Findings – To distinguish between short-term, more static, and long-term, more dynamic competitiveness of firms, and the competitiveness of nations and regions, the paper proposes a conceptualization into three interrelated concepts: competitiveness and innovativeness of firms, and attractiveness of nations and regions. Originality/value – This paper summarizes 40 years of Professor Porter’s seminal research with a focus on the CAON project that began with the 1990 book on The Competitive Advantage of Nations. The paper proposes three interrelated concepts to cover issues of competitiveness: competitiveness (firm’s static advantages), innovativeness (firm’s dynamic advantages) and attractiveness (national/regional advantages). [ABSTRACT FROM AUTHOR]

Purpose – This paper aims to show how the term competitiveness has been applied and adapted since Michael Porter made it respectable in economics, strategic management and consulting. This paper connects the concept with new developments in the theory of the firm, theories of growth and, finally, with Beyond GDP literature. Design/methodology/approach – This paper distinguishes between input and output competitiveness, developing a set of indictors for both. Countries are ranked according to costs, structure and capabilities (drivers of competitiveness) as well as according to economic, social and ecological performance (performance pillars). Finally, outcome competitiveness is explained by the individual drivers, using econometrics and principal component analyses. Practical implications – Defining competitiveness as the ability of a country or nation to deliver Beyond GDP goals changes the policy conclusions drawn from the quest for competitiveness. Policies to reduce costs prove inferior relative to “high-road strategies” built on skills, innovation and supporting institutions. Ecological ambition and social investment are not costs, but enablers of competitiveness for high-income countries. Originality/value – Connecting the well-known term competitiveness with Beyond GDP goals is a new approach. It is very different from the old concept of cost competitiveness criticized heavily by Paul Krugman. Supplying a set of indicators to measure “low-road” and “high-road” competitiveness leads to important new policy conclusions. [ABSTRACT FROM AUTHOR]

Purpose -- The paper aims to examine competitive strategies used by several small ski brands manufacturing in the USA. The motivation is to explain, while there are no major manufacturers in the USA, why many smaller manufacturers produce locally despite higher labor costs. Design/methodology/approach -- The paper first describes mid-volume, mid-complexity manufacturing. It then describes customization and innovation. Descriptions of the ski industry, ski manufacturing and customization and innovation, especially among smaller ski manufacturers, then follow. Publicly available information is the examined to understand the competitive strategy of firms in this sector. This is followed by interviews with principals at several smaller manufacturers. Findings -- The findings show that small firms do use innovation and customization strategies and are able to compete while producing their product within the USA. Research limitations/implications -- The interview method limits the ability to perform rigorous statistical analysis. Results in this sector may not carry over to other sectors of similar size and complexity. Practical implications -- The findings give an example of the ability of manufacturing to remain in higher labor cost countries if customization and innovation are significant market drivers. Social implications -- The health of manufacturing in Western Europe and North America is currently of significant political interest. Companies and government entities may consider what actions they can take to encourage innovation-driven markets. Originality/value -- The paper provides an explanation for the success of small firms manufacturing mid-volume and complexity products in higher labor cost countries. As innovation and customization are found to be major drivers, this can inform manufacturers in other segments where the products and market share characteristics with those found in higher-end downhill skis. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this paper is to study the strategy development by small and medium enterprises (SMEs) for improving coordination in supply chain in Indian perspective. Globalization and liberalization of the world economy has leveled the field for all competitors around the globe. To face global competition successfully, SMEs have to break isolation of their suppliers and other entities in the supply chain. Design/methodology/approach -- For collecting data, a question-based survey was conducted. In total, 251 valid responses were received. Statistical analysis of data acquired from survey is done by one sample t-test, correlation and regression analysis. Findings -- Uncertainty of customer order/demand, insufficient knowledge of supply chain management (SCM) and involvement of middlemen in supply chain are the main problems faced by Indian SMEs during implementation of SCM. Quality improvements, delivery on time and cost reduction are the major priorities while forming supply chain strategies. Coordination strategies are positively correlated with business performances. Research limitations/implications -- Major implication is that SMEs should develop their strategies effectively after analyzing business environment and future plans. While developing strategies for improving coordination in supply chain of SMEs, they should give due importance to problems and risks they face. However, it is felt that this study can be further explored by considering other aspects of strategy development such as human resource, organization culture, etc. Originality/value -- Finding and issues of the paper will be highly useful for SMEs in framing their strategies for improving coordination in supply chain, and academia for further research in the context of changing market scenario. [ABSTRACT FROM AUTHOR]

Purpose Once one of the most prominent economies in the world, Japan is currently suffering from economic stagnancy. To revitalize the economy effectively, the core problems of Japan and its economy need to be first identified. This paper aims to understand accurately what the fundamental reasons are for Japan’s current economic stagnancy.Design/methodology/approach The generalized double diamond model, which is an extension of Porter’s original diamond model is used to incorporate internationalization which is very important for Asian countries, notably Japan. Furthermore, its competitiveness is compared with neighboring countries that are in competition in the global market.Findings Japan’s current economic problems and its slow recovery are because of a lack of globalization vis-à-vis its counterparts in the region, rather than specific macro-economic factors. Hence, further globalization is crucial toward ensuring a further take-off for the economy.Practical implications Macro-economic policies may be important but cannot directly improve a nation’s competitiveness. This paper highlights the importance of globalization and concludes that multinational activities are crucial to enhance a nation’s competitiveness in both domestic and international scope.Originality/value This paper adopts the concept of national competitiveness to examine the fundamental economic problems of Japan’s slow recovery and stagnancy more comprehensively. In particular, it compares the competitiveness of Japan with its neighbors which are its economic competitors. [ABSTRACT FROM AUTHOR]

Purpose For Small Island Developing States (SIDS), achieving export manufacturing competitiveness is a major challenge. This paper aims to provide a framework that can be used to study the export competitiveness for food manufacturers.Design/methodology/approach The revealed comparative export advantage (RXA) and the constant market share (CMS) measures are used in a case study set in the Trinidad and Tobago’s food and beverage sector to study export manufacturing competitiveness.Findings When using the RXA and CMS measures to assess the current state of export manufacturing competitiveness in SIDS, specific product groupings should be used in the analysis to obtain a more accurate assessment of competitiveness than that provided when using aggregate commodity groups. Furthermore, the export market section of the conceptual framework provides a structured approach towards studying the distribution effect element of the CMS analysis.Research limitations/implications Trade data are heavily used, which is subject to a number of well-documented limitations. In addition, there is no mandatory registration for companies operating in the case country, which results in under-reporting of industrial activity, and so limits the use of the framework in studying the exporting companies and the export products. Finally, a single case study limits the generalizability of the findings.Practical implications In particular, policymakers responsible for designing interventions for increasing export manufacturing competitiveness can use the framework to consider specific strategies as they relate to the exporting companies, the export products and the export markets.Originality/value This paper brings together three basic elements that contribute to export manufacturing competitiveness in the form of the conceptual framework. [ABSTRACT FROM AUTHOR]

Purpose This paper aims to explain how thinking regarding multinationals, competitiveness and location in cities has evolved over the past five decades and how our current understanding and thinking about future challenges is contingent on these previous shifts.Design/methodology/approach The design of the paper is a conceptual piece linking different theoretical strands.Findings Global cities are not always necessarily the key locations for future multinational investments. It depends on the activities taking place. Knowledge and technology and how they interact with the firm’s capabilities and objectives are crucial.Research limitations/implications The implications are that future multinational location choices will be driven by diversity, demography, protectionism, automation and industrial policy.Originality/value This paper provides a roadmap for scholars in the international business and competitiveness fields to understand the current and future challenges facing multinationals and their location behavior. [ABSTRACT FROM AUTHOR]

Purpose This paper aims to create a mapping of competitive advantage of nations (CAN) from research using some previous studies and recommend future research.Design/methodology/approach This paper applies a systematic literature review on the most recent studies of CAN. The research gap is analysed based on several categories: implication (strategy and policy, portrait); general characteristics (fundamental issues, indicators and patterns); solution methodology and strategic level (nation and industry). Then, the state-of-the-art analysis is used to develop future research.Findings The results of this study recommend future research of CAN based on the following CAN categories: implication (strategy and policy, portrait); general characteristics (fundamental issues, indicators and patterns); solution methodology and strategic level (nation and industry).Research limitations/implications This literature review has important implications and gives direction for research and teaching, as well as for further investigation of CAN. The limitation lies in the classification of patterns, which requires further study to avoid the ambiguity of grouping.Originality/value This is the first literature review about CAN using categories. It is of value in building future research of CAN in different industries and nations. [ABSTRACT FROM AUTHOR]

Purpose The main purpose of this paper is to develop a methodology to analyze the competitiveness based on the diamond model and constructing a composite index; the secondary aim is to apply this methodology to the national index of Turkey’s defense industry.Design/methodology/approach Instead of providing the results based only on diamond, a composite index study was carried out. The collected variables were distributed using subject-groups under determinants via an expert opinion survey. The variables were analyzed with alternative methods of imputation, normalization and aggregation. Factor analysis (FA) was performed with the aggregated values of each subject to find the years’ clusters.Findings Turkey’s diamond model indicated an improvement in defense industry between 1998-2010. And, FA revealed the clusters as 1998-2000, 2001-2007, 2008-2010. It was found that Turkey had an advantage in demand conditions but needs to give higher importance to factor conditions. In addition, the key provisions were catered to the issues related to government and the defense industry.Research limitations/implications Turkey’s competitiveness structure between 1998-2010 were researched.Originality/value This study provides a qualitative approach of the composite index to the quantitative side of the diamond model. [ABSTRACT FROM AUTHOR]

Purpose – The textiles and clothing sector is one of India's most important economic sectors, next to the agriculture sector in terms of industrial output and employment, providing employment to more than 30 million people. Many studies predict that India will get a significant share of the world textiles and clothing trade due to the advantage of cheap labor and other factor resources but India's slower growth rate, as compared to other low-cost competitors, indicates otherwise. The purpose of this paper is to analyze the comparative advantage of India and Bangladesh for the clothing sector in the world export trade with the help of Balassa's index of Revealed Comparative Advantage (RCA). The study highlights the shift in comparative advantage for India and Bangladesh between two periods. The study also points out constraints restricting the growth of export share of India in world market and offers suggestions to policy makers for enhancing India's export share in the world clothing trade. Design/methodology/approach – RCA indices have been calculated for various clothing product categories (under Harmonized System) up to four digit classification with the help of Balassa's relative measure for India and Bangladesh. Tables have been prepared for India and Bangladesh, highlighting products having comparatively higher revealed comparative advantage. For calculation of RCA indices, the export data have been taken from "UN Comtrade", an electronic database of the United Nations and from the database of the World Trade Organization (WTO). Further, Spearman rank correlation coefficient has been calculated for analyzing the changes over the period 1995-2003 for India and Bangladesh. Findings – Findings reveal that the number of products for which India enjoyed the comparative advantage increased from 23 products to 25 products between 1995 and 2003 and for Bangladesh, this number increased from 21 products to 29 products between 1995 and 2003. Clothing exports of India and Bangladesh are classified on the basis of comparative advantage at the HS 4-digit level for the years 1995 and 2003 and the comparative position is given on the basis of a measure of structural change in exports of India and Bangladesh. The products in which India and Bangladesh have comparative advantage in garment exports are highlighted. Originality/value – This paper has calculated and compared revealed comparative advantage indices over a period of time up to four digits classification of HS product categories. Also, this paper highlights constraints, and offer suggestions which would be helpful to exporters and policy makers. [ABSTRACT FROM AUTHOR]

Purpose – Competition is of interest to both policy makers and managers. However, existing studies concentrate on the measurement of national competitiveness while neglecting firm competitiveness. The purpose of this paper is to fill this gap by developing a comprehensive and generic measurement model to understand firm competitiveness. The model is used to develop an award system to help companies in the self-assessment of their competitiveness. Design/methodology/approach – The theoretical base of the measurement of firm level competitiveness is driven from two national competitiveness models, namely World Competitive Yearbook and Global Competitiveness Index, while the assessment structure is based on the well-known European Foundation for Quality Management Excellence Award. The competitiveness model developed in this paper is put into use in Turkey. The measures of the model are used for assessing the competitiveness of ten firms, in order to choose the most competitive firm of the year. The study in Turkey explains how the measurement model works by illustrating an example. Findings – This paper attempts to develop a generic model in which the competition parameters do not change for individual companies. The model covers a wide variety of parameters that form the base of competition at the firm level. It is demonstrated that the competition model developed in the paper works in practice. Originality/value – This paper contributes to the national competitiveness by providing deeper understanding of the dynamics of firm-level competitiveness and provides some implications and suggestions for further studies. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to provide a critical review of the Indonesian economy and its industrialization effort, highlighting competitiveness issues faced by Indonesia and linking them to the current investment climate. Design/methodology/approach – Secondary data are used to assess competitiveness performance and competitiveness determinants. In competitiveness performance the paper analyzes the role of the Indonesian economy through its shares in world population, world total trade, and world total inward foreign direct investment. The paper also looks at outcome measures such as real GDP per capita in PPP terms and real GDP in PPP terms in level and growth. For competitiveness determinants, the paper analyzes competitive determinants reported by the Global Competitiveness Index. Findings – The competitive position of Indonesia is compared to other Asean countries and different government policies and strategies from the first president (Soekarno) till the current president (Susilo Bambang Yudhoyono). This paper also provides some key policy recommendations to enhance investment climate and competitiveness of Indonesia. Research limitations/implications – This paper does not look at investor opinion toward Indonesia which perhaps could help us in developing policy. Practical implications – The results show that the Indonesian Government has taken steps in several areas to improve investment climate. But still they have to improve their competitiveness performance by providing a coherent strategy, developing close connections between economics and politics, through transparent regulation, formulating an attractive investment policy, and realizing the importance of excellent political leadership. Originality/value – This paper provides a critical analysis of the Indonesian competitive position and offers policy recommendations on how we can improve its performance. [ABSTRACT FROM AUTHOR]

Purpose – The paper proposes that globalization has opened up opportunities for developing countries that adopt the right type of political economy doctrine and opt to externalize their economies through contemporarily relevant global integration models and country-level strategies. Design/methodology/approach – Portraying the various phases of globalization, the experiences of developed and developing countries are reviewed to recommend a "global participation model" for developing countries to benefit from the globalization process. Findings – In profiling the global participation model, the paper introduces the concept of global business chain and shows how countries have formed strategic groups to participate in the global chain as "opportunity exploiters" and "opportunity providers." If equipped with appropriate and efficient economic doctrine, developing countries could act both as opportunity providers and opportunity exploiters and transform themselves into "twin advantage countries" – with substantial enhancements in their total factor productivity and consequent gains in the quality of life of populations. Originality/value – Global business chain and twin advantage strategy, the two major propositions of this paper, are a new stream of thought in the discussions on globalization. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to explore a cooperation-driven stage in the traditional framework of country competitiveness development and also suggest an approach to address pragmatic issues related to cooperation in the context, particularly, competitiveness evaluation and choice of partner country. Design/methodology/approach – The objectives of the research were achieved by a research design that leveraged quantitative tools with strength of case study research. Quantitative data for benchmarking were obtained from a carefully selected Country Competitiveness Report. For identifying criteria of competitiveness for success of a country (aka critical success factors CSF), content analysis of strategic reports from competitive countries was employed. Findings – Cooperative strategies and flagship firms emerged to be CSFs that can drive investment needed for innovation and technology development, the later stages in country competitiveness development framework. Evaluation of competitiveness can be quite difficult and resource-intensive process, but can be improved with innovative mix of different approaches and tools. With quite consistent and effective results in one more international context and a new industry, the assets-processes-performance (APP) framework of competitiveness can provide a simple, yet valuable approach with flexibility to adapt across levels and contexts, a vital need. Practical implications – Competitiveness leaders should review cooperation processes and performance. They should evolve strategies to leverage cooperation on relevant dimensions. Originality/value – A key contribution of this paper is proposing a vital cooperation-driven stage for country competitiveness and operationlizing it using three major frameworks of competitiveness in a practical and useful context of nanotechnology, when many countries are evolving their strategies for such industries. An approach is tested to simplify evaluation of competitiveness in a difficult context of emerging industries. It can help leadership take more informed critical decisions about competitiveness and assess their impact for enhancing desired impacts of the decisions. For the purpose, comparing three alternatives, the author extends the APP framework with strategy concept of CSF to enhance its flexibility, thus contributing to needs of effectiveness and simplicity of emerging country context. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to examine how the ranking of countries based on the World Economic Forum's (WEF') competitiveness index is changed when the underlying primitive data dimensions of this composite index are aggregated using weights that are endogenously determined for each country, instead of aggregated using the WEF's fixed set of weights applied to all countries. Design/methodology/approach – The paper presents a method based on data envelopment analysis to determine weights for aggregating the underlying primitive data dimensions of any composite indicator. The approach determines endogenously the "best" weights a given observational unit (e.g. country) on the basis of its revealed performance on each primitive sub-dimension underlying a composite index. The ranking of countries based on the values of a composite competitiveness index that uses the proposed endogenous weight method is then compared to the ranking based on the WEF's competitiveness index for the year 2006. The rankings are then compared and assessed to determine if the observed difference in the rankings are statistically significant. Findings – A comparison of the ranking of countries on the basis of the value of each index reveals that countries do undergo a change in their competitiveness rank when endogenous weights are used. The results suggest the WEF's competitiveness index, which uses the same fixed weights applied to every country (or group of countries), creates a bias that favors countries that score high on the "technology" sub-dimension of the index. Practical implications – The study presents an alternative to the current practice of using a fixed set of weights applied uniformly to the basic unit of analysis. The method serves as a starting-point for further research on the biases created by different weighting schemes to construct a composite indicator that aggregates primitive data, with the resulting composite index values then used to rank entities. Originality/value – The method to determine endogenously the weights to be applied to each unit of analysis when constructing a composite indicator is novel and has wide applicability to the general issue of comparing performance across different units of analysis based on a composite index of performance (i.e. benchmarking). [ABSTRACT FROM AUTHOR]

Purpose -- The management and strategy literature continues to show that many companies now rely on alliances for their long-term success. This paper seeks to explain why some industries have an over-representation of inter-firm strategic alliances, relative to others. Design/methodology/approach -- A theory of group behavior is used to show that an inter-organizational phenomenon, notably the interaction of convergent expectations, including shared patterns of behavior, beliefs and mindsets, are partially responsible for the disproportionate use of alliances in some industries relative to others. The theory of group behavior presented draws mainly on conceptual ideas from regime and new institutional theory. Findings -- The framework suggests that the presence of industry-embedded factors, including shared mindsets, creates the conditions that transform the strategic interests and behavior of individual firms into a macro phenomenon that diffuses across an industry. Industry developed shared mindsets in turn provide the conditions for trust to endure, cooperation instead of opportunism to prevail, and lower transaction costs, all critical elements for alliance formation. Practical implications -- The research presented here shows that industry-level factors may be an important factor for determining the incidence and perhaps the performance of value-creating alliances. Originality/value -- This paper extends our understanding of strategic alliances as a source of a firm's competitiveness and fulfills a need for a greater understanding of the over-representation of strategic alliances in some industries, relative to others. [ABSTRACT FROM AUTHOR]

Purpose -- Exploration of the policy reforms necessary to strengthen Canada's competitiveness among world trading economies. The paper aims to compare Canada's competitiveness with two economic partners, the USA and the UK, and two emerging economies, China and India. Design/methodology/approach -- Data from the annual Global Competitiveness Reports (GCRs) were used to compare Canada with the other countries. Findings -- Canada requires a national strategy to create a generation of Canadian innovators, entrepreneurs and executives with a global mindset. Research limitations/implications -- Although Canada has many global trading partners, the paper compares Canadian competitiveness with only two economic partners and two emerging economics. Also, only data from the GCRs are used. Other measures of competitiveness need to be taken into consideration to better understand Canada's global and business competitiveness. Originality/value -- This paper provides new insights into Canada's lack of global competitiveness. The main reasons for this lack of competitiveness are analysed and recommendations are provided for Canadian policy makers to enhance competitiveness. [ABSTRACT FROM AUTHOR]

Purpose -- This paper aims to provide a comprehensive framework of strategic value encompassing several critical dimensions of value creation/delivery process amidst transactions between organizations, which outsource their work to local/global service-providing firms. Design/methodology/approach -- The paper consolidates pertinent extant literature encompassing these value dimensions, into a cohesive framework of "total value orientation" (TVO) for strategic outsourcing decisions, juxtaposed with their respective antecedents/outcomes. Findings -- This research paper models the strategic outsourcing process as blending the three perspectives of shared value, respectively, outsourcing service-provider value, client firm value, and relationship value, which converge toward manifesting into a common synergy labeled as "TVO" of the business system; thereby explaining how outsourcing has transitioned from a mere economically convenient and transaction cost optimizing-business decision to a more strategically driven initiative based on shared governance and decision-making. Practical implications -- This integrated framework of comprehensiveness value assessment helps transacting firms in determining the efficacy of an outsourcing decision. The TVO perspective can be usefully extended beyond pure dyadic transaction relationships to a network of relationships between the client firm and its business partners. Such evaluation/measurement of value of the entire business system is critical for firms and organizations to develop greater competitiveness in today's world of global collaborations. Originality/value -- This articulated framework captures several value dimensions into a consolidated structure that reflects the effectiveness of the relationship network between transacting entities within the business system. [ABSTRACT FROM AUTHOR]

Purpose -- The present paper aims to extend an ongoing study of Swedish trade journal's, Privata Affärer, recognition of the "bank of the year." Design/methodology/approach -- The information used in this paper came from Privata Affärer, which annually recognizes a "best" bank in Sweden. Each issue containing the annual recognition provides the rationale for selecting the specific bank as well as interviews with their CEOs. The data base is robust - every bank in Sweden is surveyed, so results come not from a sample, but a census of banks and banking practice; 17 year's selections are now available. Findings -- Results are interpreted in terms of Porter's five forces model and Stabell-Fjeldstaad value model. For eight of the last 11 years, new entrants have dominated the award; in fact, in the last five years one winner was a virtual bank and another was a subsidiary of a retail grocery chain. Research limitations/implications -- It is tempting to extend results to the USA and elsewhere in the industrialized world, but of course results relate only to Sweden. Nevertheless, it is suggested that competitors who enter with significantly new services can, and do, become popular leaders in this industry. Practical implications- Sweden tends to be a leader in Service theory and development. Consequently, a model exists for developing a competitive edge in other countries. Originality/value -- This paper provides an independent confirmation of service models of competition, which generally are lacking in the literature. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this paper is to compare the competitiveness of the economies of Taiwan. and Korea. Design/methodology/approach - The comparison between Taiwan and Korea is based on the average value of the data over five years (2000-2004). It applies a generalized double diamond model approach to analyse the overall competitiveness of these two small open economies. Findings -- Taiwan surpasses Korea in all decisive factors with the exception of the demand condition in the domestic diamond in the years 2000-2004, which is due to Korea's population being more than double Taiwan's. As to the international diamond, Taiwan enjoys comparatively high competitiveness, and its international diamond is better than Korea's in all four parts. Research limitations/implications -- The data sources include: Indicators of Science and Technology, Taiwan, 2004 and 2005, Korean National Statistical Office and related statistical data obtained from various government agencies, including data on factor, demand, firms strategy, structure, and rivalry covering the period from 2000 to 2004, whereas related and supporting industries only covered the years 2000-2003. Originality/value -- This is the first paper to apply a generalized double diamond model approach to analyse and to compare the competitiveness of the economies of both Taiwan and Korea. Its empirical evidences and policy implications is of interest to academicians, government officials, and business managers. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this paper is to explore county tourism competitiveness, research performance, and overall country competitiveness with a view to pinpoint certain issues and perspectives to be explored for pubic policy makers. Design/methodology/approach -- This paper is a discussion paper and it presents data collected from a documentary survey based on an appropriate literature search. Findings -- The paper discusses some of the issues influencing country tourism competitiveness. Originality/value -- The paper is particularly of interest to public policy makers in government departments (tourism and other) as it reviews country tourism competitiveness and overall country competitiveness and for academicians and research bodies. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to analyze the patterns of location of key activities for break-out in corporate competitiveness. The key objective is to identify linkages that may exist among the location of corporate center activities, innovation capabilities and the break-out.Design/methodology/approach Patterns of location of corporate center across the world have been explored first, using sample data from Global 500. For the context of innovation and India, two polar locations were selected. The patterns in the growth of focal firms from the locations were evaluated using select competitiveness criteria such as revenues, profits and assets, based on data of a larger sample from Global 2000.Findings Findings support the view on “role of location with innovation clusters” such as Bangalore, particularly for competitiveness of born global firms. Surprisingly, Mumbai has increased its percentage share of contributions in terms of revenues and profits, indicating sustenance of cluster, entrepreneurial and other advantages.Practical implications Considering the enormous scope for enhancing contributions of emerging-country multinational enterprises to the world economy, decisions related to break-out in competitiveness are critical. Depending on strategic intent and the role of innovation and internationalization, firms can take better decisions related to the location of specific corporate activities to foster multinational enterprise (MNE) competitiveness.Social implications The findings may inspire key stakeholders to take decisions that enhance sustainability of city clusters and communities.Originality/value Analyzing the role of location of key corporate activities, for the phenomenon “break-out to higher stages of competitiveness”, is a unique contribution. These concepts and findings can be of high value to firms and MNEs thinking long term about location or relocation of corporate center activities, particularly for innovation. [ABSTRACT FROM AUTHOR]

Purpose – This paper aims to investigate the competitiveness of Russian regional medium-sized oil complexes with relatively small fossil oil reserves. Taking into account the urgency for competitiveness, the authors have developed a specific assessment methodology and competitive development strategy that could be implemented within the framework of a scenario approach. Design/methodology/approach – The suggested methodology for assessing the competitiveness of regional production complexes is based on the pattern method. Validation is provided for a modular structure and an approach to constructing indices of competitiveness of production complexes. A system of competitiveness indicators has been devised in relation to regional oil complexes. Findings – The case study of the oil complex of the Republic of Udmurtia has yielded competitiveness assessment forecast for a variety of development scenarios up until 2025. A methodology of competitiveness assessment is proposed as a result of the analysis of the two cases. Research limitations/implications – This analysis is based on the oil complex in Udmurtia, Russia. The main limitation of the research scope is the extent and nature of the industrial complex. The proposed design can be used for large industrial complexes operating in the field of industrial production. It needs to be extended to more clusters, more industries and other countries’ settings for the sake of comparison and generalization. Practical implications – The practical effects of the study suggest a set of strategic development tools of assessment of the dynamics of industrial complexes’ development, identification of competitive advantage and “bottlenecks” and definition of the objectives and programs of their long-term development and justification of policies and programs of perspective development. Originality/value – This paper reveals specific features of oil complexes’ competitiveness, which has seldom been investigated both theoretically and empirically. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to present a model for the analysis of the competitiveness of the higher education system based on the application of M. E. Porter’s diamond model for researching the competitiveness of the national higher education system. Design/methodology/approach – For the research that is presented in the paper, several methods of theoretical research were used: induction, deduction and comparison. Findings – Application of the selected model provided factors for assessment of the performance of higher education institutions and their performance, as well as the ability of higher education institutions to monitor the environment and, depending on the changes in the environment, to introduce internal changes. Originality/value – The paper proposes a model for examining of the factors of competitiveness in the higher education system. [ABSTRACT FROM AUTHOR]

Purpose – This paper aims to apply a comprehensive Liveability Cities index to rank the liveability of 100 cities in the Greater China Region. Against the backdrop of the ongoing trend of rapid and extensive urbanisation observed in China, “liveability” is being given an increasingly higher priority by the Chinese government. However, there has been no attempt to empirically measure this concept and to examine its nexus to the narrower concept of competitiveness. Design/methodology/approach – The index is based on 96 indicators across five environments, namely, economic vibrancy and competitiveness; environmental friendliness and sustainability; domestic security and stability; socio-cultural conditions; and political governance. Findings – The empirical results show that Hong Kong, Macau and cities in Taiwan generally perform well in overall liveability rankings, while first-tier cities in mainland China (Beijing, Shanghai, Guangzhou and Shenzhen) do not find a place among the top ranks. Originality/value – The rankings and simulation exercise aim to provide Chinese policy makers with a framework to assess the liveability of China’s cities and suggests indicative policy suggestions that can be taken to improve overall liveability. [ABSTRACT FROM AUTHOR]

Purpose – This paper aims to marry Michael Porter’s industrial cluster theory of traded and local clusters to Richard Florida’s occupational approach of creative and routine workers to gain a better understanding of the process of economic development. Design/methodology/approach – Combining these two approaches, four major industrial-occupational categories are identified. The shares of US employment in each – creative-in-traded, creative-in-local, routine-in-traded and routine-in-local – are calculated, and a correlation analysis is used to examine the relationship of each to regional economic development indicators. Findings – Economic growth and development is positively related to employment in the creative-in-traded category. While metros with a higher share of creative-in-traded employment enjoy higher wages and incomes overall, these benefits are not experienced by all worker categories. The share of creative-in-traded employment is also positively and significantly associated with higher inequality. After accounting for higher median housing costs, routine workers in both traded and local industries are found to be relatively worse off in metros with high shares of creative-in-traded employment, on average. Social implications – This work points to the imperative for the US Government and industry to upgrade routine jobs, which make up the majority of all employment, by increasing the creative content of this work. Originality/value – The research is among the first to systematically marry the industry and occupational approaches to clusters and economic development. [ABSTRACT FROM AUTHOR]

Purpose – This paper aims to assess the dissemination of cluster ideas advanced in the “Competitive Advantage of Nations” and three subsequent national studies and the reasons for their substantial public policy impact in Norway. Design/methodology/approach – The paper presents the theoretical and methodological novelties of each of the national studies, the inclusive study-organizing principle used and public policy impact. Findings – The papers finds that the dissemination of cluster thinking and the development of a successful cluster-based industrial policy in Norway is largely a function of the nature and extent of the cluster research efforts that took place in Norway. The national cluster research projects mobilized all the key industrial and governmental actors in a very effective way, making studies with both rigor and relevance. Due to advanced and demanding policy makers, the studies also evolved in terms of the theoretical models and methodologies used. Originality/value – The paper contributes by illuminating the direct and indirect impact of the “Competitive Advantage of Nations” on both academic endeavors and public policies in Norway and by explicating how studies that make it possible for academics and practitioners to work in tandem substantially affect public policy. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to discuss the contribution of the Porter Report toward increasing the competitiveness of the Portuguese economy and highlights the factors that affected its operationalization. Design/methodology/approach – This paper considers the contributions of the Porter Report, entitled “Building the Competitive Advantages of Portugal”, presented in 1994, particularly with regard to the recommended clusters and public policies, as well as the assessment and warnings provided by Michael Porter in 2002, examining both in the present perspective. Findings – Although Michael Porter, in 2002, made a critical judgment about the country’s evolution since the 1994 report, it is clear that, on the one hand, the recommended development model attracted high attention and had positive repercussion in academic and business circles, while on the other hand, some of the objectives were achieved, albeit at a slower pace than would have been desirable. Political and economic context and the time period are relevant for all technological and geostrategic changes, among others. The accuracy of the diagnosis and the development model proposed by Michael Porter is confirmed and the difficulty in its implementation is highlighted. Originality/value – The analysis of the Portuguese evolution after Porter’s recommendations is instrumental in understanding the competitiveness and development challenges faced by a small peripheral economy in the European integration process. Understanding these difficulties and successes is of utmost importance in improving the definition and in the implementation of policies focused on the competitiveness of countries and regions. [ABSTRACT FROM AUTHOR]