Analysis of Business Sophistication Performance in G7 Countries: An Application of the MIEXCF-based CODAS Method

Abstract

The business sophistication (BS) performance of major economies significantly influences global BS and the global economy. Consequently, analyzing the BS performance of these economies is crucial. Therefore, the aim of this study is to evaluate the BS performance of G7 countries using the MIEXCF-based CODAS method, based on the most recent Global Innovation Index - Business Sophistication (GII-BS) criteria. Empirical findings reveal that "Knowledge Workers" and "Knowledge Absorption" are the most significant criteria for countries, according to the MIEXCF method. Therefore, G7 countries should place greater emphasis on the "Knowledge Workers" and "Knowledge Absorption" BS criteria to make a greater contribution to global business development and the economy. Furthermore, the BS performance of countries was measured using the MIEXCF-based CODAS method, and the performance rankings were determined as follows: USA, Japan, UK, France, Germany, Canada, and Italy. Additionally, the study calculated the average BS performance value, and it was found that Germany, Canada, and Italy had below-average BS performance values. Therefore, it is concluded that these countries need to improve their BS performance to contribute more to global BS and the global economy. Methodologically, sensitivity, comparative, and simulation analyses indicate that the MIEXCF-based CODAS method can be effectively used to measure the BS performance of countries using the GII-BS criteria.

Keywords

• Business Sophistication
• G7
• MIEXCF
• MIEXCF-Based CODAS

G7 Ülkelerinde İş Dünyası Sofistikasyonu Performansının Analizi: MIEXCF Tabanlı CODAS Yöntemi Uygulaması

Öz

Büyük ekonomilerin iş dünyası sofistikasyonu (BS) performansı, küresel BS ve küresel ekonomi üzerinde önemli bir etkiye sahiptir. Bu nedenle, bu ekonomilerin BS performanslarının analiz edilmesi kritik bir öneme sahiptir. Dolayısıyla bu çalışmanın amacı G7 ülkelerinin BS performansını, en güncel Küresel İnovasyon Endeksi-İş Dünyası Sofistikasyonu (GII-BS) kriterlerine dayalı olarak MIEXCF tabanlı CODAS yöntemiyle ölçmektedir. Ampirik bulgular, MIEXCF yöntemine göre "Bilgi İşçileri" ve "Bilgi Emme" kriterlerinin ülkeler için en önemli kriterler olduğunu ortaya koymaktadır. Bu nedenle, G7 ülkelerinin, küresel iş dünyası gelişimine ve ekonomiye daha büyük katkı sağlamak için "Bilgi İşçileri" ve "Bilgi Emme" BS kriterlerine daha fazla önem vermesi gerekmektedir. Ayrıca, MIEXCF tabanlı CODAS yöntemi kullanılarak ülkelerin BS performansları değerlendirilmiş ve performans sıralaması şu şekilde belirlenmiştir: ABD, Japonya, Birleşik Krallık, Fransa, Almanya, Kanada ve İtalya. Çalışma ayrıca ortalama BS performans değerini hesaplamış ve Almanya, Kanada ve İtalya'nın ortalama BS performans değerinin altında kaldığını ortaya koymuştur. Bu nedenle, bu ülkelerin küresel BS ve küresel ekonomiye daha fazla katkıda bulunabilmek için BS performanslarını iyileştirmesi gerektiği sonucuna varılmıştır. Metodolojik olarak, duyarlılık, karşılaştırmalı ve simülasyon analizleri, MIEXCF tabanlı CODAS yönteminin GII-BS kriterlerini kullanarak ülkelerin BS performansını ölçmede etkili bir şekilde kullanılabileceğini doğrulamaktadır.

Anahtar Kelimeler

• İş Gelişmişliği
• G7
• MIEXCF
• MIEXCF Tabanlı CODAS

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