Is your company running as efficiently and as profitably as possible? Do you know how to maximize your competitive advantage in the new age of globalization? A competitive advantage means having the best technologies and processes for designing, manufacturing, selling, and servicing your products at the lowest cost possible. Therefore, producing products solely in the United States could lead to inefficiencies that may cause your company to lose ground to your competition.
Throughout the world, more and more companies are realizing the benefits of accessing cheaper resources abroad. And there is no excuse not to - with cheap methods to communicate internationally and transport goods virtually anywhere. As a matter of fact if you don’t continuously improve upon inefficiencies and reduce costs wherever possible, your competition surely will. Even if you do not have domestic competition currently, it may be only a matter of years. Will you be ahead of your competition in 5 years? Or will your competition put you out of business?
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