DataBank

Metadata Glossary

CodeGCI.11THPILLAR.XQ
Indicator Name11th pillar: Business sophistication
Short definitionThis indicator is a derived from the following indicators: (a) Local supplier quantity (b) Local supplier quality (c) State of cluster development (d) Nature of competitive advantage (e) Value chain breadth (f) Control of international distribution (g) Production process sophistication (h) Extent of marketing and (i) Willingness to delegate authority.
Long definitionThis indicator is a derived from the following indicators: (a) Local supplier quantity (b) Local supplier quality (c) State of cluster development (d) Nature of competitive advantage (e) Value chain breadth (f) Control of international distribution (g) Production process sophistication (h) Extent of marketing and (i) Willingness to delegate authority.
SourceThe Global Competitiveness Report: various issues (http://gcr.weforum.org/).
TopicPublic Sector: Policy & institutions
PeriodicityAnnual
General commentsTwo types of data are used in the GCI: (a) Survey data:These data are the results drawn from the World Economic Forum’s Executive Opinion Survey. (b) Hard data: These data come from indicators obtained from a variety of sources.
^