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Increasing Competitive Environment Dynamics and the Need of Hyper-Competition for Businesses |
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| รหัสดีโอไอ | |
| Creator | Pongsiri Kamkankaew |
| Title | Increasing Competitive Environment Dynamics and the Need of Hyper-Competition for Businesses |
| Contributor | Vachiraporn Phattarowas, Surakit Khumwongpin, Phatcharapron Limpiaongkhanan, Suteera Sribenjachot |
| Publisher | DR.KEN Institute of Academic Development and Promotion. |
| Publication Year | 2565 |
| Journal Title | International Journal of Sociologies and Anthropologies Science Reviews |
| Journal Vol. | 2 |
| Journal No. | 5 |
| Page no. | 9-20 |
| Keyword | Business dynamic, Competitive Environment, Hyper-competition, Strategic Management |
| URL Website | https://so07.tci-thaijo.org/index.php/IJSASR/about |
| Website title | https://so07.tci-thaijo.org/index.php/IJSASR/article/view/1639 |
| ISSN | 2774-0366 |
| Abstract | In a dynamically competitive setting, company processes are more intricate than ever. This academic article addresses the major question: how do business dynamics in a competitive environment lead to hyper competition and what are its consequences for businesses? This academic article investigates these questions through a systematic literature review. This academic article discusses an environment that is hypercompetitive, dynamic, and extremely competitive. It represents the state of discontinuous development—a balanced business environment that is continuously upset by dynamic and persistent development sectors. This academic article also examined the significance of competitive environmental dynamics and hyper-competition for firms, both of which are issues that should be addressed. Therefore, this article supports the notion of dynamic competence in a competitive context as a process of making business organizations more accessible and sustaining rivalry through strategic management. |
