Procedure

Consider the following statement:

With the realities of today's rapid technological innovation and the realities of the current economy, competitive advantage only exist for a short time and are quickly outdated.

Determine if you agree or disagree with this statement.

I Agree

Explanation:

Following the advent of globalization, when information technologies changed the forms of consumption and production of economies, the competitive advantages of countries became more volatile. This is because technology is rapidly expanding and countries specialize faster, increasing competition. For example, until recently only US and Korean companies had the know-how to produce quality smartphones. However, not long ago, and very quickly, China began to produce high quality smartphones, changing the pattern of smartphone consumption around the world, previously dominated by the two major American and Korean companies.