What Components Bring Up Competitive Industries?

The amount of patent filings for scientific and technological innovations is a relevant category in regards to producing the superpower index. The reason for this is because it is indicative of quaternary sector employment, which generally equates to higher income due to the high standard of research that can be gathered and then sold on to other countries at a high price. Additionally, a large number of patents enables a country to become dominant sellers of a product, therefore allowing them to be the main exporter, increasing the country’s cultural influence; this also allows a country to gain a large profit. The factor of population is significant here, as a large population may result in a large number of researchers, and therefore a large number of entrepreneurs, contributing to a countrys’ influence on global markets. The figure shows that the USA has the highest ranking in regards to this factor, highlighting its superpower status as the country has 391,000 patents and innovations compared to the lowest ranked country of Brazil, which only has 4,750.

The intensity of rivalry, which is the most obvious of the five forces in an industry, helps determine the extent to which the value created by an industry will be dissipated through head-to-head competition. The most valuable contribution of Porter's “five forces” framework in this issue may be its suggestion that rivalry, while important, is only one of several forces that determine industry attractiveness.

Hyper Competitors especially those that more diverse in technology. Very competitive and people want the best and newest technology

US and other developed countries have moved their production structures from agriculture to industry to services. Once reaching a peak, US employment has started to decline. The continued progress in manufacturing and productivity, income growth, and international outsourcing brought the US economy to a tough position in the post-industrial world: while manufacturing plant investment abroad has continued, many engineers in the US lost their positions. The decline in research contribution by US industry ”raises questions about implications for the future of US competitiveness in international markets and for the future existence of highly skilled jobs at home” (National Science Board, 2008).

The author points out that for a long period of time during premodern China, the country remained close-minded and had insufficient curiosity about life beyond its borders. Such attitude resulted in China experiencing the “century of humiliation”, the drastic decline of culture and political power that ultimately led to the end of Imperial China. At the same time, scientific revolutions had taken place in many western countries and brought them onto the world stage as leading nations. Throughout these years, China has learned the hard way the importance of opening to new ideas and being at the forefront of scientific research. The country had regained its geopolitical power after opening to the world in the 1980s. It has developed a “near-religious reverence” for science and technology, pouring resources after resources into scientific research and development. With this history in mind, it should be no surprising that China participates actively in the search for extraterrestrial intelligence. In addition to the radio dish already built, China also hopes to set up another observatory in a tall mountain that allows for clearer signals and the elimination of winds and

Scientific research has become the cornerstone of the understanding of empirical data and the inner workings of medicine, technology, engineering, to name but a few fields of knowledge. Humans are influenced by new scientific ideas and base medical, diet, and environmental decisions on scientific findings. The most profound scientific revolution occurred during the European Renaissance. The time between 1550 and 1700 marked the beginning of a new chapter of intellectual and cultural flowering (Hatch). However, many people do not associate scientific revolutions with China.

This paper examines Joseph Needham’s impact on the historiography of Chinese Science and Technology (S&T), arguing that his great achievements were marred by an East/West comparative approach, and that subsequent historians have only partly overcome these restrictions. His multi-volume Science and Civilization in China (1954-ongoing) single handedly thrust China into the Western-dominated historiography. Organized along the disciplinary lines of modern science, Needham sought to document every scientific concept and technology invented in China, which he saw as the origin of most knowledge before Europe’s Scientific Revolution. For Needham, science in China (and India, and the Middle East) was like the river that flowed into the sea of

1. What is competitive advantage, and how does it relate to a company’s business model?

Many years of strong economic growth and smart exporting strategies has allowed China to come close to surpassing the U.S. economy. China is currently in its 13th Five-Year-Plan, which is China’s economic guideline. In this five-year plan, which covers 2016-2020, China intends to focus on innovation and encourage foreign investment (The 13th, n.d). China’s focus on innovation will challenge U.S. manufacturers attempting to do the same. Should China enact policies more open to outside investment, it will likely allow the U.S. to strengthen US-China relations and improve its economic stance through foreign investment in China.

According to Michael Porter, “Every industry has an underlying structure, or a set of fundamental economic and technical characteristics, that give rise to these competitive forces” (Porter 1998:23). The forces mentioned above are: industry rivalry, threat of new entrants, threat of substitute products, bargaining power of suppliers and bargaining power of buyers. Additionally, Porter mentioned that: “Knowledge of these underlying sources of competitive pressure provides the groundwork for a strategic agenda or action” (Porter 1998:22).

It has been argued that competition is the driving factor of technological innovations and it is the reason why we have varieties in products qualities. In other words the claim is that if Apple was not in the market, Microsoft would not have been what it is today. The same argument goes for cellular phones claiming that if there has not been a Samsung S5 there would not have been an

The competitive force is a system to understand an industry by examining the interactions among competitors in an industry or non-profit sector: potential new entrants, substitute offerings, suppliers, and buyers to the non-profit sector (Ketchen & Short, 2015, Section 3.1). To help analyze the forces a professor by the name Michael Porter developed a popular analytical tool used in the business world to identify how much profit potential exists in an industry (Ketchen & Short, 2015 Section 3.1). In Figure #: Competitive Five Forces, is a model for the analytical tool that reveals the component of the threat of new entrants, threat of substitutes, bargaining power of suppliers and buyers, and rivalry are rated on a scale of low-to-high to show the impact of the competition within the warm water therapy industry is and how KAA functions in the industry.

To understand the competitive landscape of the industry in which one is competing, it must understand how to formulate strategies that will create a profitable business. A business must know what it is good at to be able to effectively have a competitive advantage over other businesses within that industry. The profitability of Mylan Pharmaceuticals largely depends on their ability to discover and market new drugs. The desire to cure illness and disease is what demands pharmaceutical companies like Mylan to be empowered to do their very best. Companies like Mylan Pharmaceuticals, profit from their economies of scale in research, manufacturing, and marketing. A competitive strategy analysis will show why Mylan Pharmaceuticals is one of the leading generic and specialty drug manufacturing companies in the world.

Companies live and breathe innovation; or, at the terribly least, notice it basic to their success. Such companies are those that others ought to emulate for they recognize that to do business, as Peter Drucker prompt in an exceedingly recent Harvard Business review article, “Every firm—not simply businesses—needs one core competence: innovation.”

The ongoing economic rise in China effects the US in many ways, including things that some people wouldn’t even consider. It can be seen that the Chinese are beginning to need more jobs, but can that be because some of theirs are being given to us? And, that’s not the only thing they’re giving us. China has the proven to be worst pollution in the world, and it has gotten to the point where the polluted air has travelled overseas to the US, and has begun to take a toll on us. But, they’re not only giving to us. Because of it becoming harder to find jobs, the students push themselves to the limit to become perfect, which could create competition with graduates here in America.