A Quote by Scott Morrison

Firms gain comparative advantage from how good their people are. Retaining and attracting talent is a key point of competitive advantage in the global economy. We are seeing that play out, and there are implications for Australia, too. The idea that companies now compete on who can pay their workers the lowest - that's all changing.

Scott Morrison

Quote Topics

Advantage Australia Changing Companies Comparative Comparative Advantage Compete Competitive Competitive Advantage Economy Gain Global Global Economy Good How Idea Implications Key Lowest Now Out Pay People Play Point Retaining Seeing Talent Too Workers

Quote Author

Scott Morrison
Australian - Politician
Born: May 13, 1968

An enterprise that is constantly exploring new horizons is likely to have a competitive advantage in attracting and retaining talent.

Gary Hamel

Be swift to take advantage of business opportunities. Bigger companies are too cumbersome to move quickly; this can be a competitive advantage for you.

Richard Branson

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

Warren Buffett

Our government is committed to helping our young people develop the skills and training they need to succeed. Through our Summer Company program, students can launch a business, become employers, and gain an advantage in the highly competitive global economy - all while still in school.

Brad Duguid

After all, despite the economic advantage to firms that employed child labor, it was in the social interest, as a national policy, to abolish it - removing that advantage for all firms.

Barry Commoner

If America is to compete effectively in world markets, its corporate leaders must strategically position their companies in the right businesses, and then manage their workforces in the right ways. However, the nation has a shortage of business leaders who understand the importance of utilizing human capital to gain competitive advantage, let alone the know-how to do so. In the future, that shortcoming promises to be exacerbated because few business schools today teach aspiring executives how to create the kind of high-involvement organizations.

James O'Toole

People still cling to this belief that innovation is just random and unpredictable. But if you look closely, there are some real patterns. The companies that recognize and take advantage of those patterns have the real opportunity to create competitive advantage.

Clayton Christensen

There is an adage in business that says that you should only compete when you have a competitive advantage. When it comes to cybersecurity, Maryland has a whole host of competitive advantages.

Martin O'Malley

We need to move from comparative advantage to perpetual advantage.

Max McKeown

If you don't have a competitive advantage, don't compete.

Jack Welch

By taxing CO2, firms and households would have an incentive to retrofit for the world of the future. The tax would also provide firms with incentives to innovate in ways that reduce energy usage and emissions - giving them a dynamic competitive advantage.

Joseph Stiglitz

The competitive pressure to produce, buy, and sell to our global multi-national companies is so intense that contractors in supply chains are motivated to pay low wages, intensify exploitative conditions, keep workers fearful with insecure work contracts, or simply sack workers who have formed a union to fight back.

Sharan Burrow

It is much to my advantage that several of my pictures should be seen together, as it displays to advantage their varieties of conception and also of execution, and what they gain by the mellowing hand of time which should never be forced or anticipated. Thus my pictures when first coming forth have a comparative harshness which at the time acts to my disadvantage.

John Constable

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.

Robert Kuttner

Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market.