772 research outputs found
European Integration and Europeanisation: Benefits and Disadvantages for Business. Bruges European Economic Policy (BEEP) Briefing 29/2013
European integration is a project of great economic importance for the 500 million
consumers and 21 million companies in Europe. With the economic borders between
Member States removed, Europeanisation becomes inevitable for companies. The paper
proposes a framework to analyse the benefits and disadvantages for business that come
with the process of European integration, structured according to the logic of the four
fundamental freedoms of movement within the Internal Market (freedom of movement of
goods, services, capital and people) complemented by the section on technology and
innovation, and the general EU regulatory environment. Whereas the business decisions
need to be taken on a case-by-case basis, taking into consideration firm’s own capabilities
and resources as well as industry specificities, several recommendations for companies
willing to Europeanise are made, based on an analysis of the regulatory macro-environment
of the EU. Above all, any company willing to be successful in the EU has to become a
learning organisation, responsive to the advancements of the macro-environment. The
ability to anticipate the regulatory developments and to adjust one’s own business and
corporate strategy accordingly is the key to achieving sustainable competitive advantage in
the European Union
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