BUSINESS COMPETITORS AND COMPETITIVE ADVANTAGE

Abstract

The paper presents the concept of competition, both from the perspective of the economic sector –where it is characteristic for pure monopole, oligopoly, monopole competition and pure competition, as well asfrom the market’s point of view – where it determines the strategies, objectives, advantages and weaknesses of acompany. The main point of the paper is the criticism of the pure and perfect competition theory. Concluding,the author insists on innovation, especially on the model of open innovation.

Keywords

• pure competition
• competitive advantage
• innovation
• monopole