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Foundations of Corporate SuccessHow Business Strategies Add Value$
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John Kay

Print publication date: 1995

Print ISBN-13: 9780198289883

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019828988X.001.0001

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The Nation

The Nation

Chapter:
(p.320) Chapter 20 The Nation
Source:
Foundations of Corporate Success
Author(s):

John Kay (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/019828988X.003.0020

Explains the relation between competitive advantage in the firm and competitive advantage in the national economy. In the context of a free market system, the former can lead to the other, given that inequality of information, externalities, and the existence of natural or strategic monopolies are absent. The basic sources of competitive advantage of nations are similar to the sources of competitive advantage for firms, i.e. sustainable and appropriate distinctive capabilities of architecture reputation and innovation.

Keywords:   appropriability, architecture, competitive advantage, distinctive capabilities, innovation, national economy, reputation, sustainability

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