There is no clear, standard definition of competitiveness or structural approach to understanding competition. According toWei-Chang Hong (2008) there were published in refereed journals more than 4000 regular papers regarding the competitiveness from 1985 to 2006. Competitiveness is a concept present in the modern business operations of all industries and sectors, and because of the indirect effect it has on the profitability of business entities, it is the focus of study and analysis for many researchers and professionals. Many authors seek to define this concept and describe its regularities and basic characteristics to make it easier to understand and apply in practice. |