Science, technology and innovation for sustainable.
Through the application of modern management techniques and methods, and through investments in innovation, domestic enterprises can achieve higher levels of competitiveness of the global market.
NRC (National Research Council). 2009. A New Biology for the 21st Century. Washington, DC: The National Academies Press. PCAST (President’s Council of Advisors on Science and Technology). 2012. Report to the President on Agricultural Preparedness and the Agriculture Research Enterprise. Washington, DC: Executive Office of the President.
World Economic Forum, a Geneva based independent organization, yearly publishes the Global Competitiveness Report which provides rankings of the economic competitiveness of a country. This is based on 12 pillars of competitiveness at all stages of development.
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According to Guillermo Luz, the co-chair of the Philippine National Competitiveness Council (NCC), the Philippines registered improvements in 11 out of the 12 categories, from the aspect of government institutions, infrastructures, macroeconomic environment, health and primary education, higher education and training; goods market efficiency, labor market efficiency, financial market.
The Council on Competitiveness is the only group of corporate CEOs, university presidents and labor leaders committed to the future prosperity of all Americans and enhanced U.S. competitiveness in the global economy through the creation of high-value economic activity in the United States.
In the long run, maintaining product innovation is the way to sustain competitive advantage and drive the growth of productivity for further competitiveness of the company (Angelmar,1990). However, product innovation always comes along with new process technology.