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Title: Contribution to the methodology for determining the competitiveness of a domestic product (on example of geotextile)
Authors: Novak, Ivan
Keywords: Competition -- Croatia
Geotextiles -- Croatia
Business -- Decision making
Manufactures -- Croatia
Issue Date: 2019
Publisher: Governance Research and Development Centre, Croatia & University of Malta, Faculty of Economics, Management and Accountancy, Department of Insurance
Citation: Novak, I. (2019). Contribution to the methodology for determining the competitiveness of a domestic product (on example of geotextile). Journal of Corporate Governance, Insurance and Risk Management, 6(2), 30-49.
Abstract: The idea of this paper is to align the business decision-making process with detected product competitiveness characteristics of the domestic company on the domestic market. For this paper was designed "proposal of the operational steps of a simple market and product research methodology", for the existing product in the existing market. These operational steps should be a small contribution for the development of rules and procedures for managing marketing functions in business activities. According to literature, for this paper available and explored, there is a room to research the impact of such procedures and rules in order to increase the selling efficiency of products in terms of detected market circumstances and comparative advantages. Therefore, an indicative question was set down for this paper: "How much domestic product is competitive on the domestic market?" Through an example of geotextile, the competitiveness of domestic products was investigated in compare with foreign products by determining certain characteristics that affect purchasing decisions. An analysis of the Croatian geotextile market was conducted, competitive products were compared and consumer preferences were explored when deciding on purchases. The research results indicate the necessity of applying, even simple, product and market research methodologies. Namely, the analysis of the results showed that the qualitative competitiveness of domestic products in relation to the foreign products is not satisfactory, the price is not the most important deciding factor and the domestic origin of the product as a decision making factor is not important.
ISSN: 2757-0983
Appears in Collections:JCGIRM, Volume 6, Issue 2, 2019

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