NEW ASPECTS OF COMPETITION IN THE CONTEXT OF THE FUNCTIONAL SPECIALIZATION
Journal Title: Challenges of the Knowledge Society - Year 2011, Vol 1, Issue 0
Abstract
Economists and managers should be aware today of the fact that some concepts and economic mechanisms need to be reconsidered in the context of the new aspects of globalization. There are aspects regarding: the new division of labour based on the “functional” specialization; the definition, on the basis of the new stategies of the “functions” arbitrage, of new structural and functional types of economic actors: “the globally integrated companies”; the appearance of a new type of management that we can call “the management of a globally integrated business”; the redefinition of such concepts as “the product” and “the producer”; the changes in the content of competition, etc. We want to point out some new facets regarding competition among companies in a decade when some of them engage in new structures of business like the “globally integrated business” that we have defined in a previous study. Competition among integrated companies is widened by competition with the globally integrated businesses and by competition among the globally integrated businesses, including wast supply chains.
Authors and Affiliations
SERGHEI MĂRGULESCU, ELENA MĂRGULESCU
Keywords
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