... Does Porter fail to explain how the factor and demand conditions that mould a nation’s corporate strategies, business structures, and industrial clusters are established? What other theories and evidence might assist such an explanation?
i. Introduction. Suggest answer to the question and outline how to validate your suggested answer by clarifying the analytical structure
According to J. Porter, A Harvard University Professor, The four factors of his diamond theory are:
a. Factor Conditions. Factory costs like labour, overhead, land, natural resources, capital and infrastructure that are created. Special factors included skilled labour, capital and infrastructure. Non key factors...