Nobody downloaded yet

Modern Business in Comparative Perspective - Essay Example

Comments (0) Cite this document
Summary
The paper focuses on the modern business in a comparative perspective using Porter’s diamond model. It contains the national competitiveness of a country. The model observes the reason that some nations and industries within a nation are more competitive than the other…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Modern Business in Comparative Perspective
Read TextPreview

Extract of sample "Modern Business in Comparative Perspective"

Download file to see previous pages Porter’s diamond model is a type of economic model, which is established by Michael Porter in the book The Competitive Advantage of Nations, where he explains the reason for the competitiveness of particular businesses in specific nations. Porter analyzed and formulated the model based on two parts. Initially, the analysis has been conducted on ten important nations that include the US, Germany, Denmark, South Korea, Britain, Italy, Sweden, Switzerland, Japan, and Singapore in order to develop a map based on which organizations can conduct operations for their success. The second analysis is the dynamic process through which competitive advantage can be accomplished. Among the ten nations, the US, Japan, and Germany are identified to have leading industries and other nations represent a variety in terms of population size and policies of the government towards industry, geographical size and locations (Neven & Droge, 1998.). The six factors of the Porter Diamond model is the significant tool for the analysis of competitiveness such as ‘factor condition’, demand condition’, related and supporting industries’, ‘government’ and ‘chance’. Factor conditions include different factors such as human, capital, information resources as well as infrastructure. In the home market, the demand condition helps the companies to produce a competitive advantage where the buyers of the sophisticated home market create the pressure for firms to innovate faster and to produce more advanced products than the competitors. Related and supporting industries are helpful to generate cost-effective inputs, which are important for the improvement and for industrialization. Firm strategy, structure, and rivalry are one of the factors of the diamond model, which organizes a basis for competitiveness. Government is an important factor and is recognized to affect production factor, demand condition as well as the competition among the firms. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Modern Business in Comparative Perspective Essay - 5”, n.d.)
Retrieved from https://studentshare.org/business/1673240-modern-business-in-comparative-perspective
(Modern Business in Comparative Perspective Essay - 5)
https://studentshare.org/business/1673240-modern-business-in-comparative-perspective.
“Modern Business in Comparative Perspective Essay - 5”, n.d. https://studentshare.org/business/1673240-modern-business-in-comparative-perspective.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Modern Business in Comparative Perspective

Impact of One Child Policy for Chinese Society

9 Pages(2250 words)Research Paper

Modern Business in Comparative Perspective

...? Modern Business in Comparative Perspective According to Porter (1990) the competitive advantage of an industry is determined by the ability of the industry to innovate, develop its product and processes as well as to compete. In ‘The Competitive Advantage of Nation’ Porter states that the competitive advantage of the nation can be sourced from the four factors that forms the ‘nation diamond’. The study focuses on the view of different critics and does an in-depth analysis of the Porter’s Diamond Model. Porter has suggested four factors in the Diamond model; they are factor conditions, demand conditions, supporting industries and firm structure and strategy (Allio,...
8 Pages(2000 words)Essay

Persuasive speech

3 Pages(750 words)Essay

Female Nazi War Criminals

9 Pages(2250 words)Research Paper

Occupational Safety and Health Law Handbook

1 Pages(250 words)Essay

Modern Business in Comparative Perspective

.... In an attempt to comply with the social corporate responsibility, Germany has a joint decision making regulations that stipulate the adjustment of profits of both the employer and the worker in order to avoid conflicts. In addition, every business is required to set up a workplace business council while the corporation holistically has a centralized council. The board of directors in this system just like Japan is a two-tier system (Frankline & Douglus, 1994). In comparative literature, Germany and Japan are considered to belong to the same family system of economies since they are coordinated non-marketed in relation to the industrial relations (Richard, 2012). This is unlike in the US...
8 Pages(2000 words)Essay

Modern Business in Comparative Perspective

...Modern Business in Comparative Perspective Table of Contents Introduction 3 Managerial Enterprise 3 Personal Capitalism 6 Business Groups and Networks 6 Chandler’s Concepts to Explanations of Chinese Business 8 Comparison Between Chandler’s Core Ideas And Concepts Of Porter 9 Conclusion 10 References 11 Introduction Alfred D. Chandler’s has developed the model of “business enterprise”. The model is related to strategic management and so has resulted in the development of the large-scale industrial enterprises. The business enterprise model focuses on organisational innovations that in turn results success of the organisation in the long run. The paper analyses the extent to which the model developed by Chandler explains... the...
8 Pages(2000 words)Essay

Modern Business in Comparative Perspective (EXAM PREPARATION)

...Modern Business in Comparative Perspective al affiliation Introduction Chandler’s model of integrated management suggests that industries are better off with a well-organized management layout rather than management based on personal capitalism. He argues that this professional management comes up with better decisions and projects that are crucial to the organization unlike personal management which may be biased. Integrated managerial enterprises aims at expanding the economies of scale and scope in the economies. This paper discusses the chandler’s theories in relation to ancient and modern trends in countries such as China, Japan, Germany and the...
5 Pages(1250 words)Essay

MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION)

.... Moreover, Germany which was and still rich in natural resources like coal and iron, and a rich soil makes Germany to have an advantage. Additionally, the introduction of industrial protection in 1879 encouraged trade and growth of businesses. Japan (2nd Paragraph) In Japan, the threat by the west to economic backwardness and national sovereignty was the initial stage for the formation of a modern state. The banking industry emerged to provide investment capital and fund for local trade. In 1870, the ministry of industry was created to operate certain industries as well as check the economic policy of the organization. The private sector was also involved in the development of Japans economy. China...
2 Pages(500 words)Essay

MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION)

...INDUSTRIAL REVOLUTION al Affiliation) Introduction Industrial revolution is the changes in the social and economic changes that resulted from the use of hand tools to machines and the development of large-scale industrial production. in the early 1800, industrial growth began in the United States which continued through the civil war in America. After the civil war, the American industy changed drastically. Hand labour was replaced with machines and this changed the ways of manufacturing. The railway distributed goods far and wide thus increasing the production level of the industries. The industrial growth had some effects like new business centers in the cities and people moved to look for employment in the cities. The...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Modern Business in Comparative Perspective for FREE!

Contact Us