Enterprise capability and its competitiveness

Abstract

Competitiveness is a key determinant for success of countries, industries and enterprises. Enterprises are the entities that create national wealth and so their productivity, efficiency, and dynamism are central to country competitiveness. An economy cannot be competitive unless enterprises operating within it are competitive and productive. Competitiveness enhancement and sustain enterprise development in a market economy and increased competition are important and practically significant. Moreover, competitiveness provides a chain between an acquisition of market share, greater profitability and long-term stability and growth of these indicators thereby improving the welfare and living standards of people. Putting it in perspective, enterprises and industries must be well competitive in domestic and international markets in order to survive. With respect to recent competitive and dynamic environment if enterprises want to be successful in competition arena, they must have competitive advantage which means creating and sustaining superior performance. Besides, the enterprises should assess the capabilities in order to operate the business by examining the financial and strategic impact. All capabilities are not created equal. Some contribute more to enterprise competitiveness and its value than others. Therefore, the linkage between the enterprise competitiveness and the enterprise capability through examining the competitiveness types and competitiveness of enterprise capability has been explained. The brand value and the enterprise value of ten best global brands have been analyzed.