Theoretical Aspects of Enterprise Competitiveness

Competitiveness of enterprises is a multi-dimensional and relative notion without a universally approved definition. It is most commonly understood as the ability for rivalry against other market players. A competitive enterprise is capable of flexible and beneficial adaptation to changing operational conditions. Contemporary theories of enterprise competitiveness stress the ability to employ available knowledge and skills. Permanent competitive advantage in the market is assured to those having rare resources which are difficult to imitate and have no substitutes in the market.(original abstract)