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Corporate Business Director in the Valencian Community and Murcia, Carlos Aguilera; and the Corporate Business Commercial Director in the Valencian Community and Murcia, Fidel Mayor.

Innovation

Bankia and the Ivie renew the agreement to analyse the competitiveness of companies through the GECE Observatory

The reports have analysed the characterisation of the business fabric, in the Valencian Community,  and the study of its competitiveness.

Communication Bankia

By  Communication Bankia

Publish on 
03 June 2019 - 11:45

  • This year, two new reports will be prepared, which will show the evolution in the levels of competitiveness of companies in the Valencia Region and the factors associated with it, as well as the disaggregation by sectors and regions

Bankia and the Valencian Institute for Economic Research (Ivie) have renewed their collaboration agreement to prepare two new reports of the Observatory on Governance, Strategy and Competitiveness of Companies (GECE), a tool that allows studying the competitiveness levels of businesses in the Valencian Community, as well as the internal factors and causes that contribute to said levels.

The signing of this new agreement, which entails the extension of the Observatory's activity to 2020 brought together the Ivie Managing Director, Pilar Chorén; Ivie deputy director, Joaquín Maudos; the coordinator of the GECE Observatory, Alejandro Escribá; and from Bankia, the Corporate Business Director for Valencia and Murcia, Carlos Aguilera; and the Corporate Business Commercial Director in the Valencian Community and Murcia, Fidel Mayor.

The Corporate Business Director in the Community of Valencia and Murcia underlined “the importance for Bankia of accompanying the Ivie to companies in the Valencian Community in improving their competitiveness”. “Knowing the characteristics of the business fabric, regardless of its size and whether or not they are familiar, allows companies in the three provinces to make decisions in their eagerness for constant improvement”, said Aguilera.

For his part, the Ivie researcher and study coordinator, Alejandro Escribá, highlighted that “the GECE Observatory constitutes a new philosophy of collaboration between companies and the research field, which allows generating value for the participating companies, while also contributing to the improvement of existing scientific knowledge on the factors that help to improve levels of business competitiveness”.

During its first year of activity, the GECE Observatory has prepared three extensive reports and three shorter informative documents (known as ‘Keys to competitiveness’).

They have analysed, among other aspects, the characterisation of the business fabric and the study of its competitiveness, the differences in ownership structures and governance bodies used by Valencian companies, as well as their internationalisation profiles.

The information has been provided for all Valencian companies, but comparisons are also made with the national average and the distinction by size, as well as between family and non-family companies.

The GECE Observatory, which emerged from the collaboration agreement signed between Bankia and the Ivie in November 2017, aims to become a platform for generating and sharing business knowledge to better understand which aspects contribute to improving the competitiveness of the Valencian productive fabric.

To do this, in addition to the information it obtains through the available databases, the GECE Observatory has set up a panel of companies that provide their data first-hand. These companies, in return, receive free personalised reports that enable them to find out their competitive position among all the companies in the Valencian Community and Spain, as well as to compare their characteristics with reference groups. At present, more than 50 companies have joined this panel.

For this new period of the GECE Observatory, two new reports and three 'Key' documents will be disseminated, offering a comparison of the evolution of the levels of competitiveness of Valencian companies in recent years; as well as a comparative study of competitiveness by sectors and by Spanish regions.

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