Issues – 2019, v6, s2, 3


The Journal of Corporate Governance,  Insurance, and Risk Management 2020, Volume 7, Series 1 

Contribution to the methodology for determining the competitiveness of a domestic product (on example of geotextile)**

Ivan Novak*

University of Zagreb Faculty of textile technology

DOI: https://jcgirm.com/article-2019-2-3/

Article Type: Research Paper

 

A B S T R A C T

A R T I C L E   I N F O

The idea of this paper is to align the business decision-making process with detected product competitiveness characteristics of the domestic company on the domestic market. For this paper was designed “proposal of the operational steps of a simple market and product research methodology”, for the existing product in the existing market. These operational steps should be a small contribution to the development of rules and procedures for managing marketing functions in business activities. According to literature, for this paper available and explored, there is room to research the impact of such procedures and rules in order to increase the selling efficiency of products in terms of detected market circumstances and comparative advantages. Therefore, an indicative question was set down for this paper: “How much domestic product is competitive on the domestic market?” Through an example of geotextile, the competitiveness of domestic products was investigated in comparison with foreign products by determining certain characteristics that affect purchasing decisions. An analysis of the Croatian geotextile market was conducted, competitive products were compared and consumer preferences were explored when deciding on purchases. The research results indicate the necessity of applying, even simple, product and market research methodologies. Namely, the analysis of the results showed that the qualitative competitiveness of domestic products in relation to the foreign products is not satisfactory, the price is not the most important deciding factor and the domestic origin of the product as a decision making factor is not important.

Keywords: competitiveness, decision-making, domestic product, geotextile, methodology

*Corresponding author: ivan.novak@ttf.hr

Article history: Received  20 01 2019 Revised   21 02 2019 Accepted 25 03 2019

**This article was presented at the 7th International OFEL Conference on Governance, Management and Entrepreneurship. Embracing Diversity in Organisations  (April 5th – 6th, 2019, Dubrovnik, Croatia, Governance Research and Development Centre CIRU), Zagreb, pp. 453-469

 

Cite Article (APA): Novak.I.  2019. Contribution to the methodology for determining the competitiveness of a domestic product (on the example of geotextile). The Journal of Corporate Governance, Insurance, and Risk Management (JCGIRM). 2019, Volume 6, Series 2. pp30-49

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