Competition 4.0: the new age of business transformation

Abstract

A competition is the rivalry between economic subjects selling (exporting) similar products and services with the goal of achieving revenue (domestic income) and market share growth. This is a core of the success or failure of a particular economic system. A competition may exist not only between companies. It may also exist between countries (the global competition); products (to reach a consumer’s “basket”); proactive and reactive business models; ideas or projects (for better funding); people (at the labor market); people and machines (in the new age of automation and digitalization of many business processes). Today, as many years ago, an important component of commercial success is the value created. However, the system of factors influencing the value created is becoming wider. The ratio of the costs of the main activity and the supporting activity comes to the fore.