Manufacturing is an essential part of a country's economy. The competitiveness of a firm is the complex array of interdependent factors relating to its quality, innovation, efficiency, effectiveness, customer satisfaction, employee satisfaction and empowerment, and how these functions contribute to the products being made. To be more competitive, a manufacturing firm would have to identify their core competencies and develop them to achieve their strategic and competitive advantage. In the present study enterprise survey(2014) data of World Bank is used (i) to study the use of foreign owned technology in Indian manufacturing firms and also to make a state-wise comparison (ii) to study the degree of obstacles faced from the practices of competitors in the informal market. Thestudy came with the findings that the size of the firm is a key determinant where the firms choose use of foreign owned technology while location of firms didn’t play role in the use of foreign technology. Market for the main product such as local, national or international is highly dependent on size of the firm.
Cite this article:
P. Naresh Kumar, V. V. Narsi Reddy. Degree of Competition in Indian Manufacturing Firms. Asian Journal of Management. 2018; 9(1):680-684. doi: 10.5958/2321-5763.2018.00105.1