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Competitiveness as the basis for ensuring the efficiency of the enterprise

Journal: Science Journal "NovaInfo" (Vol.141, No. 1)

Publication Date:

Authors : ;

Page : 27-29

Keywords : COMPETITION; EFFICIENCY; COMPETITIVE ADVANTAGES; COMPETITIVENESS; STABLE OPERATION;

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Abstract

In the context of the development of the modern economy and the globalization of market relations, ensuring competitiveness becomes a defining task for the entrepreneurial sphere, since it is the competitiveness of both goods and the enterprise as a whole that is the basis for ensuring profitability and stable business functioning over a long period. Competition plays an important role for the development of the economy and ensuring high socio-economic indicators in the region and the state, since only the presence of competition between entrepreneurs forces them to improve their quality and technology of production, the quality of services and expand the range of goods sold. Thus, competition is the driving force behind progressive technologies and the development of society. The importance of the role of competition and competitiveness in the state economy determines the need to study these economic categories and their impact on the effectiveness of the enterprise.

Last modified: 2024-02-17 05:59:06