Global Competition

Class,

A class mate has this to say about global markets, “In the ever changing business world, businesses must adapt to the changes in their respective Industries to remain relevant for sustainability and to maintain their competitive advantage.”

Two other class mates have this to say about global competition. “The intensification of international competition brings pressure to perform and fear of failure. In the relatively sheltered era of the 1960’s, 7 percent of the U.S. economy was exposed to international competition. That number grew to 70 percent during the 1980s, and it continues to climb higher with every passing year.”

How about you? Are you exposed to international competition? If so, how does the international competition affect you or your company?

Please respond with at least 175 words. For more information on Global Competition read this: https://en.wikipedia.org/wiki/Global_Competitiveness_Report

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