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Business Strategies In Industry 4.0

Author

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  • YULIA NEDELCHEVA

    (Sofia University "St. Kliment Ohridski")

Abstract

The aim of the paper is to present business strategies to reduce operating costs. Outsourcing and similar models are defined as basic strategies for exporting business activities. Bulgaria is listed as part of the target group for outsourcing considering the state's policy of attracting foreign investment through low corporate taxes and a low-cost expert hand. The results of the paper define outsourcing as a strategy that is economically justifiable for a limited number of cases. Exporting business activities is a consequence of globalization and the consequent cost equalization on an international scale reduces the use of traditional business strategies. The current outlook is focused on business strategies in countries with a policy to stimulate innovations, as opposed to the lack of prospect for the other type of outsourcing - low-cost manufacturing countries.

Suggested Citation

  • Yulia Nedelcheva, 2017. "Business Strategies In Industry 4.0," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 5(2), pages 77-84.
    • Handle: RePEc:neo:epjour:v:5:y:2017:i:2:p:77-84
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    File URL: http://ep.swu.bg/index.php/archive/2017/2017-issue-2/117-business-strategies-in-industry-4-0
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    References listed on IDEAS

    as
    1. Yulia Nedelcheva, 2016. "The Dynamics Of Outsourcing: A Bibliometric Study," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 4(2), pages 301-310.
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    More about this item

    Keywords

    outsourcing; operating costs;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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