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.
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.
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.
Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
Management innovation is going to be the most enduring source of competitive advantage. There will be lots of rewards for firms in the vanguard.
Although 95 percent of the world's market for products exists outside the U.S., many small firms do not have the resources and personnel to take advantage of these opportunities.
We're not going into advertising. But we see the future battleground existing between ourselves, digital firms, and media-buying firms.
When German companies take over firms in India, it is seen as normal. When an Indian buys one or two firms in Germany, that is something special.
real freedom is not a matter of the shifting of advantage from one sex to the other or from one class to another. Real freedom means the disappearance of advantage, and primarily of economic advantage.
In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.
German and English firms operate internationally, while French firms do not. The only place where they all have work is in China. Anybody can sell himself in China!
Let the tech firms and consulting firms build your skills, but be sure to ask yourself, 'Am I maximizing my impact?' 'Am I living up to my values?'
For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.
The idea that big buyside firms are going to come in and trade mano-a-mano with high-frequency trading firms shows a lack of knowledge of the business.
Firms are a bit concerned about things like oil prices and US growth but actually the change (in firms expectations) is quite small so I think broadly theyre looking for more of the same.
The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms.
Access to capital is important for all firms, but it's particularly vital for startups and young firms, which often lack a sufficient stream of earnings to increase employment and internally finance capital spending.