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Happiness Strategy for Competitiveness: A New Perspective to Compete

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  • Rajesh K. Pillania

    (Management Development Institute)

Abstract

We live in the BANI environment (brittle, anxious, nonlinear, incomprehensible), making the business environment hyper-competitive. The concept of competitiveness has become even more essential in these times. Strategy has evolved to keep up with the changing environment, and many new concepts have been added to its arsenal for answering strategic challenges and leveraging strategic opportunities for firms. This conceptual article proposes adding a happiness strategy as a new concept to the strategy to add to its evolution and solve the challenge of staying competitive in these hyper-competitive times. A happiness strategy is a way to achieve competitiveness. It can achieve competitiveness through cost leadership, differentiation, and dual advantage. This approach has implications for both practitioners and academicians. It helps practitioners by giving them a new way to solve the challenge of competitiveness. It helps academicians by providing them with a new way to look at the discipline of strategy and competitiveness and opens up an avenue to carry out further research to strengthen this new concept.

Suggested Citation

  • Rajesh K. Pillania, 2024. "Happiness Strategy for Competitiveness: A New Perspective to Compete," International Journal of Global Business and Competitiveness, Springer, vol. 19(2), pages 159-164, October.
    • Handle: RePEc:spr:ijogbc:v:19:y:2024:i:2:d:10.1007_s42943-024-00099-1
    DOI: 10.1007/s42943-024-00099-1
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    References listed on IDEAS

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    1. Arieana Thompson & Valentina Bruk-Lee, 2021. "Employee Happiness: Why We Should Care," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(4), pages 1419-1437, August.
    2. Charles Henri DiMaria & Chiara Peroni & Francesco Sarracino, 2020. "Happiness Matters: Productivity Gains from Subjective Well-Being," Journal of Happiness Studies, Springer, vol. 21(1), pages 139-160, January.
    3. Kirankumar S. Momaya, 2020. "Return from COVID-19: Thinking Differently About Export Competitiveness and Sustainability," International Journal of Global Business and Competitiveness, Springer, vol. 15(1), pages 1-9, June.
    4. Cândido, Carlos J F & Santos, Sérgio P, 2015. "Strategy implementation: What is the failure rate?," Journal of Management & Organization, Cambridge University Press, vol. 21(2), pages 237-262, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Strategy; Happiness; Happiness strategy; Competitiveness; Cost leadership; Differentiation; Dual advantage; Performance;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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