Management and Organizational Studies 2285 Lecture Notes - Lecture 2: World Competitiveness Yearbook, World Economic Forum, Labour Law
30 Jan 2017
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Comparative advantage is relative what is a benefit to on firm may not benefit the another: Swiss are known for excellence in watch making this is no benefit to car manufactures. Firms must understand how to determine relative comparative advantage that it can leverage - the fit between firm needs and what the country offers which can differ depending on each. Internationalization can take the form of a lot of different operations. What the fir(cid:373) (cid:374)eeds depe(cid:374)ds upo(cid:374) (cid:449)h(cid:455) it is goi(cid:374)g & (cid:373)ore i(cid:373)porta(cid:374)tl(cid:455) (cid:449)hat"s it goi(cid:374)g to do there. Fit comes from being able to get what the firm needs to do what it does from a given country. Understanding what the firm can get from the country involves understanding the market and the. High costs generally lead to monopoly, low to competitive. Structure can be influenced by the cost to operate in given industry. Market structure of affects a nations relative comparative advantage:
