COMPARATIVE AND COMPETITIVEADVANTAGE.pptVIP

COMPARATIVE AND COMPETITIVEADVANTAGE Dr. Paul Jourdan CEO Mintek Overview Understanding Comparative and Competitive advantage Building upon comparative advantages Scans of real economy opportunities Entry points for LED Role of each tier of government in LED Turning resources into account Comparative advantage A region/firm has a comparative advantage at producing something that they can produce at lower cost than others. Key is not the absolute cost of production but the ease with which they can produce different kinds of things and gain by specialising on that with the least opportunity