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Competing Internationally Assignment

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Added on  2020-05-11

Competing Internationally Assignment

   Added on 2020-05-11

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Running head: COMPETING INTENATONALLY1Competing internationallyStudent’s nameDate
Competing Internationally Assignment_1
COMPETING INTENATONALLY 2Research and development to increase competitiveness The countries use exports to accumulate wealth and increase employment opportunities.However, employing research and development (R&D) and innovation export can accelerateproductivity to improve on export. The paper establishes positive relationship between R&D andexport in Belgium; the authors found out that firms engaging in R&D are able to stimulateproductivity growth and export. This is because R&D lead to innovation for firms to create newproducts or develop new product to gain competitive advantage and thus compete effectively ininternational market (Czarnitzki and Wastyn, (2010). Research and development is also important factor for innovativeness in organization toenhance competition among firms in a given industry. According to Czarnitzki and Wastyn,(2010), R&D is critical for stimulating exports to improve economy of countries. In their study,they found out that subsidy on R&D help both domestic and multinational companies to increasetheir sales in international market. This is due to improved quality of products that can favorablycompete in the international market. The research and development can be applied to real lifesituation at personal level and businesswise. I personally look forward to developing skillsrelating to my profession. One can engage in research at personal level by seeking opportunitiesto help in developing skills and knowledge. The real life application of R&D for increasing competitiveness is through self-assessment on strengths and weaknesses. The skills can then be improved through training,pursuing further education or attending seminars and conferences. The current competitiveenvironment has forced organizations to invest in research and development to continually helpemployees attain their full potential (Porter & Kramer, 2002). In order to increase employeeengagement, the managers are inspiring workers to develop qualities such as building teamwork,
Competing Internationally Assignment_2

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