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The Competitive Advantage Of Nations And The Particularities Of Romanian Companies

Author

Listed:
  • Alina HAGIU

    (Faculty of Economical Sciences, University of Piteşti)

  • Marinela BĂRBULESCU

    (Faculty of Economical Sciences, University of Piteşti)

Abstract

The theory of competitive advantage of Michael Porter stated that national competitive advantage is a reflection of a "diamond" which is running properly and efficiently. But if a developing country like Romania does not have the right conditions for effective functioning of the "diamond", what happens? This is the question to which we try to give an answer within this paper. In this respect, the paper aims to analyze the theory of competitive advantage of Michael Porter, followed by an identification of the advantages and criticisms of this theory over time. Finally we make a customization of this theory in the context of the competitive environment in Romania.

Suggested Citation

  • Alina HAGIU & Marinela BĂRBULESCU, 2013. "The Competitive Advantage Of Nations And The Particularities Of Romanian Companies," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 2, pages 23-35, November.
    • Handle: RePEc:cmj:journl:y:2013:i:4:hagiu
    as

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    References listed on IDEAS

    as
    1. Van Den Bosch, Frans A. J. & Van Prooijen, Arno A., 1992. "The competitive advantage of European nations: The impact of national culture -- a missing element in porter's analysis?," European Management Journal, Elsevier, vol. 10(2), pages 173-177, June.
    2. M. V. Posner, 1961. "International Trade And Technical Change," Oxford Economic Papers, Oxford University Press, vol. 13(3), pages 323-341.
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    More about this item

    Keywords

    Competitiveness; Strategy; Performance; Competitive advantage;
    All these keywords.

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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