Quote by Eric Allison

World trade means competition from anywhere; advancing technology encourages cross-industry competition. Consequently, strategic planning must consider who our future competitors will be, not only who is here today.

World trade means competition from anywhere; advancing techn

Summary

This quote highlights the importance of recognizing the nature of global trade and the impact it has on competition. It emphasizes that with advancing technology and increasing globalization, businesses must not only focus on their current competitors but also take into account potential future competitors. Strategic planning should consider the dynamic and evolving nature of industries and anticipate the entry of new players from various parts of the world. By doing so, organizations can better position themselves to adapt and compete effectively in the ever-changing landscape of world trade.

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By Eric Allison

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