ipl-logo

Explain The 12 Pillars Of Competitiveness

925 Words4 Pages

The 12 Pillars of Competitiveness (see appendices 1.2) 1. Institution Ireland’s institution is ranked on the efficiency of its public and private sectors, the legal framework which individual, companies and governments interact. This determines the quality of the public institutions of a country and influences the competitiveness and growth of the economy. According to the WEF report (2015-2016) Ireland scored relatively high in the strength of investor protection and low in the wastefulness of government spending, this highlights that Ireland has implemented laws and policies to protect investors. 2. Infrastructure According to the WEF report (2015-2016) Ireland’s infrastructure has effective modes of transport such as roads, railroads, ports and air transport which enables organisations to get their goods and services to the market in a secure and timely manner. The infrastructure also includes …show more content…

The objective here is to encourage economic growth in a country and reduce the possibility of an unstable environment. Healthy competition requires a stable economy with a reasonably stable monetary unit. Businesses find it challenging to operate efficiently during periods of high inflation. Ireland’s overall ranking is 37 according to WEF report (2015-2016). 4. Health and Primary Education For an economy to be productive and competitive the workforce needs to be healthy and efficient. Basic healthcare and education are critical to a trainable, sustainable workforce with low absenteeism and the skills to perform more than just rudimentary manual labor. Therefore it is vital that a small economy such as Ireland invests in the quality of its workforce. Ireland currently ranks 8th in the WEF report (2015-2016). 5. Higher Education and

Show More
Related

  • Book Review Of Rampage The Social Roots Of School Shootings

    2130 Words  | 9 Pages

    The infrastructure

    Read More

  • Argumentative Essay: Is College Worth The Cost?

    911 Words  | 4 Pages

    After high school, teenagers are compelled to decide what their next step in life should be, and students are urged that attending a university will provide a future of stability and structure. Everyone deserves the chance of being successful in whatever path they

    Read More

  • Education Vs 1960s

    1205 Words  | 5 Pages

    Education:                         “Higher Education was the privilege of the few, and even upper secondary education was denied to the majority of young people in many countries” (“Fifty Years”). “Today, the great majority of the population completes secondary education. One in three young adults has a tertiary degree” (“Fifty Years”). The importance of education has increased over the years, and has become a number-one priority and/ or main focus moreso today than in the 1960s. Due to this increase, there have been more people attending college, and more opportunities have come out of this better education.

    Read More

  • Premier Inn Swot Analysis

    1718 Words  | 7 Pages

    Resources and Capabilities VRIO Framework V R I O Competitive Implication Strong corporate culture + + + + Sustainable competitive advantage Strong investment in R&D + + + + Temporary competitive advantage Outstanding customer service + + + + Sustainable competitive advantage

    Read More

  • Rhetorical Analysis Of What Are You Do Here By Edmundson

    618 Words  | 3 Pages

    The most beneficial thing in life is to study something that interests you. When students are choosing what college to further their studies they consider: the cost, the social status of the school, and the programs the college carries. Professor Mark Edmunson gives his message on what students should consider in his article "Who Are You and What Are You Doing Here?", published on August 22nd 2011 in Issue 74 in The Oxford American. This essay is about Edmundson's viewpoint on education and that it is hard to get one. But if you do something you enjoy doing and work hard at it you will become successful.

    Read More

  • Scholarship Essay: My Migration To The United States

    662 Words  | 3 Pages

    I want to receive a higher education in order to be able to provide for my family’s needs and help my niece and nephew receive the best education there is. It is crucial to be educated in order to understand thoroughly the importance of

    Read More

  • The Cause Of Student Debt

    1812 Words  | 8 Pages

    Since the 1950 's, higher education in America has seen an exponential increase in the number of students earning a degree and as with any other commodity in high demand, the value of these degrees has also

    Read More

  • Social Determinants Of Health Essay

    1635 Words  | 7 Pages

    Introduction Primary care is said to be the “first point of contact” for people when accessing the health care system in Ireland (Department of health and children 2001). The World health organisation(1978) outline that one of the main roles of primary health care is to provide access to care for the most vulnerable but also to identify and rectify the factors which lead to their early mortality. The Alma Ata declaration (1978) was a huge milestone in the development of primary care and they explain how essential it is for all populations’ health. Unfortunately the vulnerable populations in Ireland suffer the effects of the social determinates and also the health inequalities and die younger because they put up with a healthcare system which “places lesser value on the lives of those with lesser means” (Wren 2002).

    Read More

  • ASOS Business Model

    1495 Words  | 6 Pages

    It can be said that by means of organisation’s competitive strategy, it can achieve an upper hand in the business market over its rivals. Competitive Advantage offers a beneficial position to business organisations over rivals in regards of some measure like expense, quality, or velocity. An efficient strategy can help an organisation to achieve an upper hand through commitment to its strategic objectives and the capacity to significantly expand execution and profitability (Bartlett & Ghoshal,

    Read More

  • Two Neoclassical Trade Theories

    890 Words  | 4 Pages

    Based on four attributes, first one is Factor endowments that focus on basic factors natural resources, climate, location, demographics second one is advanced factors such as communication infrastructure, sophisticated and skilled labour, research facilities, and technological know-how. Third one will be advanced factors are a product of investment by individuals, companies, and governments. Porter argues that advanced factors are the most significant for competitive advantage. Lastly demand conditions that look at customer need or the demand on which is being produced, companies will have to produce innovative, high quality products early, which lead to competitive advantage. Relating and supporting industries, if suppliers or related industries exist in the home countries that are themselves internationally competitive, this can result in competitive advantage in the new industry, firm strategy, structure, and rivalry.

    Read More

  • Porter's Five Forces In Healthcare

    1087 Words  | 5 Pages

    The model of the Five Competitive Forces, developed by Michael E. Porter, is based on corporate strategy, industry structure and the way they change. Porter has identified five competitive forces that shape every industry and every market and they determine the intensity of competition and hence the profitability and attractiveness of an industry. We further look into how the strategy and industry structure is placed in the field of healthcare and hospitals and analyze the attractiveness of the overall industry. 2.2 Rivalry among competitors Industry Rivalry is one of the 5 forces used to determine the intensity of competition in the industry. Competition in health care is the potential to provide with a mechanism to reduce cost and hence accessible

    Read More

  • Competitive Advantage Of State Street Company

    1196 Words  | 5 Pages

    To do this it needs to have a competitive advantage over its its rivals. A competitive advantage is something a company does better than its rivals that gives it an advantage over its rival. Porter (1988) states that a firm performs many activities that can contribute to a firms relative cost position and create a basis for differentiation which can create a cost advantage that gives a firm a competitive advantage over its competitors. A company’s competitive advantage and competitive strategy are both interrelated. Competitive strategy is defined by Porter (1980) as a broad formula for how a business is going to compete, what its goals should be, and what policies will be needed to carry out those goals.

    Read More

  • Porter's Five Forces In The Oil And Gas Industry

    1601 Words  | 7 Pages

    Threat of Substitutes 4. Bargaining Power of Buyers 5. Power vested by Suppliers 1. Competitive Rivalry: According to Porter the competitiveness in any sector is significantly increased by the number of players operating in the field and their major competencies.

    Read More

  • The Pros And Cons Of Transaction Cost Theory

    1763 Words  | 8 Pages

    5.3 Country position and attractiveness According to Porter (1990), the level of competitiveness on a country depends on the capacity of the industry and the skills to upgrade and innovate. The competitive advantage is produced and sustained on the differences in values, economics structures, culture, institutions, history, and other factors that contribute to competitive success. Therefore, companies as well as nations have to fight for a position on the market as centers of production or industrialization of products.

    Read More

  • Similarities Between City And City Life

    728 Words  | 3 Pages

    Education is a significant part of everyone’s life and a priority for people. Urban areas have a high quality of education. Cities have modern private and free schools, colleges,

    Read More

More about Explain The 12 Pillars Of Competitiveness

Open Document