A Hypercompetitive Strategy for 21st Century Business Development in Jamaica
4 Pages Posted: 14 May 2007
Date Written: 2007
Abstract
Each company in Jamaica will have a Competitive Business Strategy (CBS), which in its opinion has served it well, has made profits and/or super normal profits as such there is no need to change it. However, the following questions need to be answered:
1) Is the strategy being used by the average business in Jamaica is what is required to compete in an environment of Hypercompetition?
2) What is Hypercompetition and its consequences?
3) Will most Jamaican businesses be able to face the challenges of Hypercompetition?
Keywords: Private Sector Organization Of Jamaica (PSOJ), Jamaica Chamber Of Commerce (JCC), Jamaica Trade And Invest (JAMPRO)
JEL Classification: M21
Suggested Citation: Suggested Citation