Barney (2002) commented that National competiveness is not just a theory but it is also about decision making by the states. These decisions revolve around the decisions of production and what economic activities should take place. These economic activities are determining the competitive advantage of any country. Companies that have a competitive advantage over other are about innovation and levels of innovation that are adopted by these companies. Innovation here is not just about the development of new product or service but it is about using innovation in new ways of training, marketing techniques etc. Some of the major innovations throughout the world are about the capturing of an entire market that is serving as an opportunity (Bernhofen and Brown, 2004). Industries like automobile industries of Japan and electronic industries they are captured by the Japanese market. Japanese companies work on gaining the initial advantage by working on small, compact models that will become famous in different part of the world.
加拿大工业工程学论文代写:国家竞争力 Japanese companies and Japan as a nation have captured the automobile and electronic market by analyzing the fact that people in different parts of the world are willing to spend less on average goods (Bowen, 2003). This ideology is taken for granted by other automobile companies and they are working on gaining the profit by providing products to niche markets like American automobile companies. If you look at the comparison of these companies Japanese companies are far more profitable than American automobile companies. Japanese companies like to localize the reengineering of their products and this aspect gives them competitive advantage over other companies (Barney, 2002).