StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

The Competitiveness of the Nation on the Basis of the Diamond Model - Term Paper Example

Comments (0) Cite this document
Summary
The paper 'The Competitiveness of the Nation on the Basis of the Diamond Model' presents competition among nations which is an age-old tradition that has been in place since the early Greeks and Romans. Nations have competed for resources or to establish their supremacy over others…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
The Competitiveness of the Nation on the Basis of the Diamond Model
Read TextPreview

Extract of sample "The Competitiveness of the Nation on the Basis of the Diamond Model"

Download file to see previous pages An economy might implies a strong nation with enough resources to sustain its population or to maintain a strong military power. The case of the United States of America is a classic example in this regard. The nation has the unique status of being the sole economic and military superpower of the world. There have been numerous theories to suggest as to what may be the possible reasons for such supremacy. It has been widely stated that the prosperity of a nation is built and generated over a period of time rather than being acquired. Michel Porter (1990) also stated that the prosperity and success of a nation are not created by virtue of its physical resources which are a far critique from the laws of economics. Alternatively, it has been argued that the competitive advantage and prosperity of a nation in the modern world depends on the ability of the nation to constantly develop and create new ideas which are distinct from the others (Porter, 1990, p.73). The case of Japan is a classic example in this regard, as it has emerged as one of the world’s mort prosperous and successful nations without having access to key resources. A deeper analysis of the success story of Japan reveals the innovativeness of its business organizations to deliver more value to the products. This value results in creating economic value and goodwill. Numerous examples of innovation can be traced to the nation including success stories of organizations like Honda, Toyota, and Sony which have created a competitive advantage and have carved a niche for themselves as well as the nation of their origin. Innovativeness of the nation is also reflected from the fact that successful management techniques like Kaizen which have become the standards for present-day business organizations (Ankle, n.d., p.233).
The present study would analyze the competitive advantage of China in its pursuit of being an economic and military superpower. The choice of the nation assumes significance considering the fact that it is the fastest-growing economy of the world. The growth of this nation has largely been attributed to the skill set of its large labor force which offers a supply of cheap labor. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Competitiveness of the Nation on the Basis of the Diamond Model Term Paper, n.d.)
The Competitiveness of the Nation on the Basis of the Diamond Model Term Paper. https://studentshare.org/macro-microeconomics/1749380-evaluate-porters-concept-of-the-diamond-as-a-tool-for-analysing-the-competitive-advantage-of-nations-assessing-its-theoretical-coherence-and-empirical-support
(The Competitiveness of the Nation on the Basis of the Diamond Model Term Paper)
The Competitiveness of the Nation on the Basis of the Diamond Model Term Paper. https://studentshare.org/macro-microeconomics/1749380-evaluate-porters-concept-of-the-diamond-as-a-tool-for-analysing-the-competitive-advantage-of-nations-assessing-its-theoretical-coherence-and-empirical-support.
“The Competitiveness of the Nation on the Basis of the Diamond Model Term Paper”. https://studentshare.org/macro-microeconomics/1749380-evaluate-porters-concept-of-the-diamond-as-a-tool-for-analysing-the-competitive-advantage-of-nations-assessing-its-theoretical-coherence-and-empirical-support.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Competitiveness of the Nation on the Basis of the Diamond Model

Conflict Diamond

...?Conflict Diamonds < < The trade in conflict diamonds has got to end. We are all familiar with the glamorous connotationsof the diamond – draped around the wrists and necks of ladies at social events, and encased in engagement rings the world over. Diamonds have been marketed as a symbol of love, of fidelity, of longevity. But for the people of some African countries, after decades of suffering and bloodshed, the diamond is a source of conflict, and a spiller of blood. Conflict diamonds are those illegally traded to fund war and insurrections, commonly in Central and West African nations. In the late 1990s, this trade caught the attention of the world as the protracted conflict in Sierra Leone reached its devastating...
5 Pages(1250 words)Speech or Presentation

Diamond

... Diamond; A Journey To The Heart Of An Obsession Mathew Hart’s “Diamond; a journey to the heart of an obsession” narrates the story of the large pink from a Brazilian riverbed. The small-scale miner in the area made this discovery. The miners needed people with greater experience in the mining industry to sell the rock. The book displays the scrutiny of rocks in the business in values of weight, shape, clarity. Every gemstone has its own gleam and character, low on some and great on others. When the brokers see the rock, it strikes interests immediately. Hart tells of the geology of the great stones. A boy in a South Africa found the first stone in the 1869 lying on a firm. This created the greatest cartel in the history of the business...
3 Pages(750 words)Book Report/Review

Business structures and competitiveness of Canada Analysis using Michael Porters Diamond Model of International Competitiveness

... market is difficult to be measured, especially due to the instability in economies and the strong social conflicts worldwide. Porter has introduced a model that can be used as the basis for measuring and evaluating the national competitiveness; this is the Diamond model. The value of this model is high since no similar theoretical frameworks are available in the literature. At the same time, the effectiveness of the specific model has been already tested in practice leading to credible findings in regard to national competitiveness. A key advantage of Porter’s Diamond model is the following one: the model can be used for evaluating the competitiveness of countries with various cultural and social characteristics. Porter’s Diamond model has...
8 Pages(2000 words)Essay

Diamond Mining

... be noted here that Botswana has been one of the favorites for aide donation over this time of growth. The physical and social infrastructures of this country are highly developed because of the government's ability to increase the ability of its country to use the national resources of diamonds and also manage with aide from other countries as it developed these resources (Wikan, 2004). Diamonds were discovered in Botswana in 1967 after a full search that lasted 12 years. They presently run 4 large diamond mines. Juaning is in Southern Kalahari, Damsha and Lethlahana in the central Kalahari are the largest. These mines exports maintain 80% of export earnings for the country and 45% of their GOP. These mines are jointly owned by DeBeers...
8 Pages(2000 words)Essay

Critical Analysis of Porters Diamond Model

... in explaining home and host location strategies Porter’s Diamond model indicates that the competitive nature of nations is determined by the ability of the industry to upgrade its position and innovation. It indicates that the nation’s ability is also an influencing factor in providing a home base for firms to improve their services in terms of features, technology, and quality (Cavusgil et al, 2014). One of the advantages of the model is that it identifies 4 interrelated factors that create the important national environment where firms are initiated, develop and acquire sustainable competitive advantages. Through the use of Diamond framework, firms are able to undertake necessary research that is useful for internationalisation process...
6 Pages(1500 words)Literature review

Porters Diamond Model

...INTRODUCTION Michael Porter’s theory of competitive advantage explains how countries become the best in producing various products. The theory of competitive advantage underlines four factors that are known as the diamond; these factors include national demand, competition, related industries, and availability of factors. Porter postulates that countries that combine these factors are the ones that achieve competitive advantage. Although the diamond model explains largely about a country’s source of competitive advantage, this model has weaknesses that make it insufficient in explaining competitive advantage. Theorists such as Krugman, Chandler, and Rugman have developed theories that eliminate the weaknesses of the diamond model. BODY...
6 Pages(1500 words)Assignment

Diamond Model of Porter

...This paper will explore the manner in which the diamond model, developed by Porter is able to explain the differences in the business systems of leading economies. This paper would also examine the comparative economic performance of the identifi9ed nations, and the extent in which other approaches and ideas can be used for purposes of explaining them. Porter (1990) was able to introduce the diamond model of national competitive advantage for purposes of providing an explanation on the reasons which make a number of countries to be more competitive, in comparison to other countries. Furthermore, this model was introduced for purposes of providing an explanation of the reasons that make a variety of business systems within a particular...
10 Pages(2500 words)Essay

Diamond Model Analyze

...Diamond Model Analyze Introduction The diamond model as an economic model by Porter Michael in the book competitive advantage of nations explains why certain industries are more competitive in certain locations. It thus explains the competitiveness of a company in the international market. The model uses: firm strategy, structure and rivalry; demand conditions; factor conditions as well as related and supporting industries to explain the conditions that can be favorable for direct foreign investment. This essay therefore seeks to explain the environment factors that a company can consider when attracting direct foreign investment. Porter’s diamond Model is as shown below The environment factors that a company should take...
12 Pages(3000 words)Essay

Porters Diamond

...Porter’s Diamond Porter’s Diamond Michael Porter was born in 1947 and is a leading ity on competitive advantage, clusters and international strategy. The Porter’s diamond provides a framework for the understanding of a nation’s position in the global competition. In his theory, he introduces a set of interconnected suppliers and industries in the concept of clusters. He explains the various factors for competitive advantage in his diamond framework. The first aspect is the strategy and structure of firms. He explains that competition makes businesses to increase their innovation and productivity. Second, he describes the demand conditions factor. Here, he explains that firms face pressure due to increased demand, and this forces them...
1 Pages(250 words)Essay

Porter's Diamond of National Competitiveness

...To what extent does Porter’s model of national competitive advantage adequately account for variations in national business systems and comparative economic performance? Are other approaches or ideas required? 1. Introduction Porter’s theoretical postulates on national competitive advantage have been critically scrutinized by many authors. Among them Egan (1995) suggests that Porter’s focus on a specific country’s success in international trade in one particular industry is of importance due to the fact that there is the indefatigable enunciation of the often lofty ideal that the customer comes first. This paper examines Porter’s emphasis on the four determinants (the Diamond) of the national competitive advantage, viz. (i...
9 Pages(2250 words)Assignment
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 Term Paper on topic The Competitiveness of the Nation on the Basis of the Diamond Model for FREE!

Contact Us