Cost Leadership and Global Competitiveness in the Context of Millennial Challenges

Abstract

It is evident that technology and customer delight are key for the competitiveness and the organizations have to provide them with low cost investments to sustain profitability and market share. The changes that influenced the economic evolution, demands cost effective strategies and leadership. cost leadership is challenged due to low Communication and transport costs, and easy start-ups with low barriers. Rapid technological changes and available information for communication and development have become the key drivers of globalization.