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Leveraging Local Competitiveness

In: Masterpieces of Swiss Entrepreneurship

Author

Listed:
  • Jean-Pierre Jeannet

    (International Institute for Management)

  • Thierry Volery

    (ZHAW School of Management and Law)

  • Heiko Bergmann

    (University of St. Gallen)

  • Cornelia Amstutz

    (University of Lucerne)

Abstract

How do SMEs, competing for global export markets, remain competitive when operating, to a large extent, from Switzerland, one of the world’s most expensive countries? Data compiled annually by the IMD World Competitive Report document that the cost of a single hour of labor in Switzerland is one of the highest in the world, while at the same time productivity per hour is also one of the highest, partially mitigating any cost disadvantage. Ricola, the herbal candy maker, serves as an example of a highly automated production practice that many companies have adopted.

Suggested Citation

  • Jean-Pierre Jeannet & Thierry Volery & Heiko Bergmann & Cornelia Amstutz, 2021. "Leveraging Local Competitiveness," Springer Books, in: Masterpieces of Swiss Entrepreneurship, edition 1, chapter 22, pages 235-255, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-65287-6_22
    DOI: 10.1007/978-3-030-65287-6_22
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