Global Competition
June 27th, 2007 12:13 PM By Staff

The recent two decades have proven to be one of the rather significant development periods in commerce. Innovations such as World Wide Web, eCommerce, electronic innovations in hardware as well as software, combined with geo political concept duplication and development such as European Union, fall of Soviet Union, conflict in Middle East, have all contributed to a new dawn in commercial thinking and applications.

Essentially the global competition is based on the availability of even minor players such as local producers to interact and offer services and products to potential buyers. The opportunity of participation has created a more competitive environment in which virtually all those participants, regardless of their size, may receive equal access to markets which otherwise would be reserved for those industry giants with extensive budgets and connections.

Yet there may also be disadvantages to such global competition because of local available resources at lower cost which may skew domestic competition. But equally it may offer the competitors a plainer field. It is not to say that individual and specific situation may illustrate stronger arguments for and against global competition, however, the widening of possible accessible markets in combination with an increased quantity in diversified vendors, makes for a strong positive argument for global competition
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The most obvious flaw in assuming that global competition is only beneficial to leading competitors is within the argument itself – it is not logical to assume that leading competitors are the most suited vendors for all situations and markets. Global competition creates inherent additional factors that have to be taken into consideration. Those factors include local and national legal considerations, social and cultural setting, language issues, economic and national interests as well as geopolitical and geo financial impact of particular leading vendor in comparison to alternative and even smaller less known vendors.

Ultimately, it is vital to consider global competition the natural evolution of commerce related inter governmental and non governmental organizations. Just as in any other field including medicine, telecommunication, and politics, commerce has been evolving to include untouched potential markets in terms of service and product provider as well as buyers. Hence, global competition should be considered as a beneficial to all participants, whereby individual situation, cases as well as political and national interest, may challenge the benefits in specific cases.

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Corporate Value Statement
April 14th, 2007 06:56 AM By Staff

Corporate Value Statement

The most valuable ethical principles are honesty, integrity, dedication, loyalty and perseverance. All of these virtues are the building blocks for creation of successful business relationships that are viable and desirable to all parties. Essentially all business participants seek relationship that can have longevity as well as positive intended impact on respective ventures. Hence, it is certainly important to be honest, illustrate and maintain integrity, prove absolute dedication, be loyal and preserve in all actions to benefit business partners, clients and stakeholders. Nevertheless a corporate value statement is only as viable as those that are implementing it. Hence, all those virtues have to be in existence on a personal and individual level in order to translate them at the corporate level. 

The essence of corporate values is ever evolving yet the basics are rather constant. In the ever changing global environment the symbiotic relationship between ethics and values create a never ending dynamic association in which adaptation maybe less viable than in any other section of business. Hence the Corporate moral values and ethics advance to fine tune to situations that are ever changing, yet the basics of feasible and justifiable set of moral and values never change.

Clearly, corporate values should be a straight forward matter to enhance the illustration of valuable corporate citizenship. Without clear and stated corporate values, business relationships may not evolve or advance to desirable levels of trust that may lead to greater effectiveness and efficiency.

Similarly, unintended positive and negative impacts that can rise from corporate values should not be a deterrence to change or adjust corporate values. It is rather important to initiate, and maintain a constant state of moral and ethical values.

Ultimately, the basis of corporate values starts with the individuals and participant of the particular business. Similarly, the moral and ethical values of a business will start and end with those individuals that are in charge of its implementation. Yet independent from individual participants, the corporate values are the factors that determine the viability of corporate citizenship as well as the overall contribution to societal and economical well being of individuals, businesses, as well as the humanity.