Understanding Competitiveness In Indonesia's Economic Environment

The importance of competitiveness in the global economy

Question:

Discuss about the Comprehensive School Health Education.

The competitiveness is the major pre-occupation for the economy in the world. Here, the globalisation is the major boost to the world trade with more goods to the market. Here, the financial crises are demonstrated with macroeconomic imbalance, and the underdeveloped microeconomic environment which can undermine the county’s resilience as well. The external environmental analysis is the primary study to focus on the competitor analysis with macro-environmental forces focusing on the different aspects of a broader society. It focusses on the probability of events (Arslan & Tathdil, 2012). The industry includes the different contingencies that have direct influence on the firm action and response. Here, the focus is also on the factors which include the influencing of profitability of firm in the industry with competitor dynamism in actions and response.

Indonesia has been able to improve its position on the global competitive index where the focus is on macroeconomic environment. The competitiveness tends to pertain with the ability and the film performance, where the markets focus on successfully formulating and implementing the value-creating strategy. The country has been able to increase the minimum wage and then protect all the temporary employment which tends to lower the labour market flexibility with beneficial effects. Indonesia industry works on the national economy, with competitiveness that is compared to the development of strategy and policy. The cluster approach is about using the policies and the competitiveness that can balance the anatomy. The Indonesia country works on building and setting the economic sectors like agriculture, energy, tourism and the manufacturing. (Bohari, Hin & Fuad, 2017). The competitiveness index is set through 113 economic indicators which measure the accounts like institutions, macroeconomic environment, health, education and training.  The second phase is based on efficiency-based economies and the last and third one is related innovation-based economies.

The competitiveness is based on developing proper attributes or the combinations to allow the outperformance of the competitors. The attributes are based on accessing the different resources with the higher-grade ores and the inexpensive power. This could lead to the proper results to access the highly trained and the skilled personnel human resource. The new technologies are set for the robotics which aim for the productivity along with working on the national economy which comes from the domestic and foreign firms. The strategic competitiveness in Indonesia is set to indicate about the coordinated set of commitments which include the value creating strategy. Here, the choice is about how the firm is able to make the competing alternatives in the pathway for properly deciding about the pursuing of competitiveness.

The Growth Competitiveness Index is based on quantifying the quality of the macroeconomic environment with the state of country and the technological redness. (Chin, Lo, Songan & Nair, 2014). With the positive trends in the Indonesian economy, there are problems which are increasing over the time where the acceleration of the globalisation of relations of economy is depending on the international labour decisions. The dynamics of the trend for the economic situation tends to continue with proper handling of the different reforms of institution. It includes the forms which include the international levels that are set to acknowledge the risks and the people who tend to focus on the activities which are related to investments. The risks are also related to work with the growth and the changing uncertainty pattern, where the instability comes with taking place in the reforming of the rapid changes. The growing uncertainty is set with transforming economy which is not researched effectively and so the directions could be improved by setting a global competitiveness (Darbi, 2012). As per the World Economic Forum, the concept of competitiveness can further be discussed as the set of firms, policies as well as factors that decide the level of productivity of the nation (Felker & Jomo, 2013). Also, it is a more competitive economy as one that is most likely grow at fast rate over a period of time. The competitiveness depends on the productivity which is for the human, capital and the human natural resources. Indonesia has been considered for a major experience with globalised financial crisis. The country includes the domestic market which leads the economy country out from the crisis. The focus is on the macro-economic indicators where the national competitiveness is set for the countries through using Porter Model of Competitiveness. The World Economic Forum includes Indonesia. The productivity is based on working over the sustained learning of living and the wages where the returns on natural resources can easily be sustained. The productivity is based on the economy which arises from the domestic and the firms related to the foreign development. The productivity of the local and the domestics industries is based on fundamental standards with focus on how organisation develops an attribute to outperforms its competitors.

Assessing competitiveness through economic indicators

The competitiveness of the industry of Indonesia has been effective with growth that is connected to the changes in the methodology of assessment of the internal market (Felker & Jomo, 2013). Here, the focus is on the improvement for the goods and services that have occurred with the reduction of certain administrative barrier in certain areas. Here, the major consideration is about focusing on the efficiency of markets for handling the improvements in regulation of business and the domestic competition (Rasli, Norhalim, Kowang, & Qureshi, 2014). Here, the market size is stable for the macroeconomic indicators which is available for the human resources and the basic infrastructure that are considered to be the strength of Indonesia competitiveness.

Considering the different indicators for the GDP growth rate, income and the education, the Foreign Direct Investment inflows and the outflows are set with exports and imports. In the construction industry, the focus is on how the sectors are built up with the agricultural, energy, tourism, manufacturing and trading. The importance is based on working over the contribution to Gross Domestic Product where the contributions are done with investments and the change in the manpower which is employed. The suggestions are about the development and the choice of technology, where the economic and the social environment changes are depending upon different range of contractor’s types and professional firms. The purpose is to focus on the identification of competitiveness and then clustering Indonesia. Here, the economic indicators ae worked upon which constitutes about the 60% of the gross fixed capital formation where the total workforce is focusing on producing a better flow of goods, services and the amenities. Certain fluctuations include the changes in the scale construction which buys inputs and the services. The variables are defined with Indonesian economy and policies that are centrally planned with inheriting the inefficiencies and increased dependency of economy on revenues from the oil and gas. The exports and the imports are examined through the foreign direct investments which quantity for the labour force and technology. The competitiveness is based on the ability to manage the resources like the commodities and the competencies like education to reach prosperity. The economic factor depends on the GDP growth, industrial production and the productivity which is important for a better security and quality of life. The role of competitiveness is to focus on increased productivity with the level to determine how the applications are applied to the globalised world (Salman & Hasim, 2012). The competitive advantage is set under the dynamic forms where the channelling investments are done for a particular area of training with technologies or to create better investments incentives as well for the specific industries. The examples are determined through the skilled labour and the technological capabilities.

The economic development here, is mapped by the ability to produce an innovative product or the services which could be helpful for the advanced methods and they become the primary source of the competitive advantage.

The highlights are about choosing industries and segments where the notion is to have established strengths. The cluster is important with economic environment that can be cross-borders with development of IT industry in Estonia where there are large influences in Finland and Sweden IT sector that are strong but underdeveloped as well. The technical skills in the country are determined by country technology sector which is then set by Estonian government. The notion is to identify and develop the country clusters which include the government strategy to consider about industries that Indonesian government can support (Wong & Govindaraju, 2012). The government role for the cluster development is supportive and influential where the areas can intervene the education and training plans, science and technology, infrastructure and capital through tax incentives. The check is on the ability to map with government using clusters which includes the centrally planned economy with less restrictive economic plans.

Analyzing Indonesia's macro and microeconomic environment

The global competitiveness index is based on complexity and the diversity which is important to help in assessing the different development prospects of the national economy. Here, the factors are set to determine the predictions and creative effective strategies. (Yahaya et al., 2012). One needs to promote the increased long-term period. The competitiveness is increased through the past years with country that has improved the role in international trading and business. The aggravated position of Indonesian economy is to reach the maximum potential with competitive advantage that includes the vast market with huge number of population that has limitless possibilities (Yee & Eze, 2012). Indonesia growth has been based on the export revenues which comes from the different reserves of gas and oil that the country has. The revenue is used to create a sound with stable macroeconomic environment with controlled inflation and the public debt.

For a better establishment of the company and its development, the company needs to develop some strategic and the tactical plans which are important for serving a purpose. Here, the stakholders, leaders and the employees are the major target of this mission who help the workers to make decisions and align with the company mission as well. The companies have the profit motivated missions where the other customers focus on the focal points. The significance of a company to grow a vision, mission as well as values is crucial for strategic level direction. Without the foundation at a personal level supported by strong values, the company just cannot become highly successful (Dermol, 2012). Without growth, a mission and vision to help in forming a strategy, a company cannot recognize or divide or even explain itself to the employees as well as consumers. The report will discuss in detail about the significance of growing a vision and vision statement for the business.

The mission statement is very crucial for a company since it discusses the business, products or services as well as the consumers. It offers the proper insights as to what the leaders of the company view for being in the business. There are profit motivated missions where the customers at set at a focal point. Moreover, this statement also permits the company to distinguish itself from the competition by replying three important questions like what do the company do, for whom the company is operating and what are the advantages. The mission statement also helps in building as well as recognizing the association between the staff and the mission and the company itself, the consumer, suppliers as well as colleagues (Rajasekar, 2013). As per different studies, for the highly committed firms, the mission statement must be a formula that is actually imprinted on people's heart, it can be against every possible action. It further becomes kind of litmus test for the future course of actions.

The profit motivated visions are set at a focal point where other firms need to point out for more altruistic intentions, leading to profit. With the strategic planning and developing company objectives, strategies and tactics, the company is able to achieve the short and the long term objectives using the mission statement. As an outcome, the consumer can further expect long-lasting tools which are providing an efficient level of operations (Rajasekar, 2013). This is why consumers will be able to give some uninterrupted services based on power and water to those who require it rapidly and in an economical manner.

This statement can be defined where the future can look if the company accomplishes the mission. The company vision or preferred future must consist information that can be real, credible as well as attractive for the company in the future. As per the studies, strategies also aim at the overall energies of the employees on the corporate vision. A real, credible and attractive vision statement attracting a high level of commitment and encourages people while developing the meaning in lives of the workers (Lee, Barker & Mouasher, 2013). Moreover, a well thought statement is also able to bridge the present and the future while setting a high standard for the level of excellence. The vision statement of a small company mentioned can be to provide techniques and tools which are crucial to selective fuel provider to reduce if not diminish the requirement for an imported level of natural resources for the motive of consumption in the US.

The role of clustering in developing competitive advantage

It is also important to understand that big organization with their vision and mission statement. The vision is about  providing a direction for a company while noting the commitment to integrity, transparency and openness with other such values. The company is constantly aims at innovation. The company also believes in simple things and avoid being complicated. With this, it is important to own as well as control the main technologies which are behind the products that can be made as well as can be participated only in the market area where the company can make the important contribution (Meeks, Heit & Page, 2012). It is also important to believe in saying no to many projects so that the team can aim at the some that are truly significant as well as meaningful. The company also believes in deep connections as well as cross-pollination of the teams which helps them to innovate in ways that many people cannot. It is also important to understand that people expect the best and no compromise with the quality especially when they are paying such high amount. The company is driven on self-honesty that is based on admitting when people are wrong and the overall courage is based on change.

The mission statement of firms has also seen many changes over a period of time. The organization is actually considered as one of the changing business and the important landscape that impacts the overall possibilities of what the company can do. (Hahn, 2013). The vision is to take your mission and then add a proper element of human values which will inspire the employees with a better sense of purpose.

Vision, as well as a mission statement, plays an important role in the process of strategy formulation. The basic foundation of the values like integrity, honesty, and professionalism is mixed as well as developed into the mission statement of what the company is all about. Recognizing the mission of the company where the company is and how it is conducting the business in present time. Values also help in providing the set of guidance of how the company will be able to reach the main goal or in other words vision (Epstein & Buhovac, 2014). It is important to have a strong and more discussed and defined values, effective vision or mission statement is impossible to achieve since there is no single step that provides the right set of guidance.

As far as small organization is concerned as discussed above, turbine induction system is required by customers and require high-quality products at competitive prices within the right timeline. Moreover, consumers also expect a professional as well as courteous approach. Ethics and corporate social responsibility are also crucial for the customers as well as they are the selling point. Providing right amount of training, assistance on the site and education to consumer provided added value that competitors are failing (Powers, 2012).

By utilizing environment-friendly elements and procedure, the company must offer a friendly and environmentally friendly product that finally are used in production with the help of environment-friendly energy. In addition to the environment-friendly gains, the education and associated volunteers of the company will assist people in the local area to help those who are not gaining anything as well as need help. Combining the economics as well as social or political and environmental factors that will permit us to develop in giving a unique product and further sustaining competitive advantage.

The vision statement, as well as the mission statement, are base of the success of the company as a part of one of the most highly valuable organization worldwide (Ruzzier & De Chernatony, 2013). Such features are associated to the mission statement as well as mission statement which further helps in motivating the company and its employees to support as well as contribute to the process of innovation to gain an edge in competition. (Ruzzier & De Chernatony, 2013).

For the firm to work, the major focus is on the financial productions which are set in appearance and the content. The personal attention is never obsolete where the people want to enjoy the cultural growth, profitability and enthusiasm that will help in working in a fair and ethical manner. The services and the respect given encompasses the concepts of quality where the service mindset is to deal with the clients and the demands of them. The respect comes with leadership in the firm to develop the next generation of leaders with market segment which is being recognized by the current and the other prospective clients as the firm. It is important to understand the employing and the nurturing staff works with passion for providing the higher level of quality and service to the clients. It is recognized by the firms so that one can match with the higher levels of commitment.

Conclusion

A small company like underwater turbine induction methods, the organization cannot grow a strategic plan without recognizing the vision, mission as well as the values. By forming the strong as well as an ethical set of values that are the basic and single steps, a mission can be defined. The current state of matters or a mission for a company since it presently helps the workforce and consumers to understand what the company is all about. A mission helps the company to move in the direction to accomplish vision or the final objective of what the final end must look like when the company accomplishes the mission (Anthony, 2012). By recognizing as well as understanding how the current values system, vision, and mission statement communicate with each other and the company can also plan a well-designed as well as successful strategic plan, that leads to a competitive edge.

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