Porter Diamond Essay

Michael hall porter put forwards a hypothesis in 1990 to let off why approximately countries are leading in the increase of certain products. His accomplishment incorporates certain elements of preceding inter matter profession theories exclusively likewise makes some primal new discoveries. He identifies four elements arrange to varying gradations in every state that form the footing of field competitiveness. dismantle the current perspective of lacquer use the four elements of doormans national competitive emolument system.Suggested Answers1. Factor conditionsJapan possesses relatively enervated basic factors but good sophisticated factors, e.g. availability of gamy fictitious character scientist and engineers and march on rail road and telecommunication infrastructure.2. solicit conditionsHigh stagecoach of buyer sophistryStrong taste sensation for new product and high gear beg for prime(prenominal) products and military service3. Related an d keep industriesClusters in manufacturing domain are sustained by abundant and high quality back up industries. For example, the gondola parts bundle up in Ota city and the industrial tack on base for wind machinery in Komatsu City.4. blind drunk strategy and tiltGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to reach good blood between commission and employeesHigh mass of local competition. on that point are salient number of companies in both manufacturing and service sectors, e.g. car manufacturers and IT packet companiesCGE25101 Globalization and moving inTutorial 12 Discussion interrogative sentence The Porters DiamondMichael Porter put off a theory in 1990 to explain why some countries are leaders in the mathematical product of certain products. His manoeuver incorporates certain elements of previous international trade theories but also makes some master(prenominal) new discoveries. He identifies four elements present to varying degrees in every nation that form the foot of national competitiveness. examine the current situation of Japan using the four elements of Porters national competitive expediency theory.Suggested Answers5. Factor conditionsJapan possesses relatively weak basic factors but good march on factors, e.g. availability of high quality scientist and engineers and advanced rail road and telecommunication infrastructure.6. Demand conditionsHigh degree of buyer sophisticationStrong preference for new product and high demand for quality products and go7. Related and supporting industriesClusters in manufacturing sector are sustained by abundant and high qualitysupporting industries. For example, the move parts cluster in Ota City and the industrial supply base for twisting machinery in Komatsu City.8. unattackable strategy and rivalryGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to nominate good hu man relationship between management and employeesHigh intensity of local competition. There are erect number of companies in both manufacturing and service sectors, e.g. car manufacturers and IT software companiesCGE25101 Globalization and BusinessTutorial 12 Discussion Question The Porters DiamondMichael Porter put forth a theory in 1990 to explain why some countries are leaders in the production of certain products. His work incorporates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan using the four elements of Porters national competitive advantage theory.Suggested Answers9. Factor conditionsJapan possesses relatively weak basic factors but good advanced factors, e.g. availability of high quality scientist and engineers and advanced rail road and telecommunication in frastructure.10. Demand conditionsHigh degree of buyer sophisticationStrong preference for new product and high demand for quality products and services11. Related and supporting industriesClusters in manufacturing sector are sustained by abundant and high quality supporting industries. For example, the automobile parts cluster in Ota City and the industrial supply base for construction machinery in Komatsu City.12. Firm strategy and rivalryGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to build good relationship between management and employeesHigh intensity of local competition. There are large number of companies in both manufacturing and service sectors, e.g. car manufacturers and IT software companiesCGE25101 Globalization and BusinessTutorial 12 Discussion Question The Porters DiamondMichael Porter put forth a theory in 1990 to explain why some countries are leaders in the production of certain products. His work incorpor ates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan using the four elements of Porters national competitive advantage theory.Suggested Answers13. Factor conditionsJapan possesses relatively weak basic factors but good advanced factors, e.g. availability of high quality scientist and engineers and advanced rail road and telecommunication infrastructure.14. Demand conditionsHigh degree of buyer sophisticationStrong preference for new product and high demand for quality products and services15. Related and supporting industriesClusters in manufacturing sector are sustained by abundant and high quality supporting industries. For example, the automobile parts cluster in Ota City and the industrial supply base for construction machinery in Komatsu City.16. Firm strategy and r ivalryGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to build good relationship between management and employeesHigh intensity of local competition. There are large number of companies in both manufacturing and service sectors, e.g. car manufacturers and IT software companiesCGE25101 Globalization and BusinessTutorial 12 Discussion Question The Porters DiamondMichael Porter put forth a theory in 1990 to explain why some countries areleaders in the production of certain products. His work incorporates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan using the four elements of Porters national competitive advantage theory.Suggested Answers17. Factor conditionsJapan possesses relatively weak basic factors but good advan ced factors, e.g. availability of high quality scientist and engineers and advanced rail road and telecommunication infrastructure.18. Demand conditionsHigh degree of buyer sophisticationStrong preference for new product and high demand for quality products and services19. Related and supporting industriesClusters in manufacturing sector are sustained by abundant and high quality supporting industries. For example, the automobile parts cluster in Ota City and the industrial supply base for construction machinery in Komatsu City.20. Firm strategy and rivalryGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to build good relationship between management and employeesHigh intensity of local competition. There are large number of companies in both manufacturing and service sectors, e.g. car manufacturers and IT software companiesCGE25101 Globalization and BusinessTutorial 12 Discussion Question The Porters DiamondMichael Porter put for th a theory in 1990 to explain why some countries are leaders in the production of certain products. His work incorporates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan using the four elements of Porters national competitive advantage theory.Suggested Answers21. Factor conditionsJapan possesses relatively weak basic factors but good advanced factors, e.g. availability of high quality scientist and engineers and advanced rail road and telecommunication infrastructure.22. Demand conditionsHigh degree of buyer sophisticationStrong preference for new product and high demand for quality products and services23. Related and supporting industriesClusters in manufacturing sector are sustained by abundant and high quality supporting industries. For example, the automobile parts cluster in Ota City and the industrial supply base for construction machinery in Komatsu City.24. Firm strategy and rivalryGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to build good relationship between management and employeesHigh intensity of local competition. There are large number of companies in both manufacturing and service sectors, e.g. car manufacturers and IT software companiesCGE25101 Globalization and BusinessTutorial 12 Discussion Question The Porters DiamondMichael Porter put forth a theory in 1990 to explain why some countries are leaders in the production of certain products. His work incorporates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan using the four elements of Porters national competit ive advantage theory.Suggested Answers25. Factor conditionsJapan possesses relatively weak basic factors but good advanced factors, e.g. availability of high quality scientist and engineers and advanced rail road and telecommunication infrastructure.26. Demand conditionsHigh degree of buyer sophisticationStrong preference for new product and high demand for quality products and services27. Related and supporting industriesClusters in manufacturing sector are sustained by abundant and high quality supporting industries. For example, the automobile parts cluster in Ota City and the industrial supply base for construction machinery in Komatsu City.28. Firm strategy and rivalryGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to build good relationship between management and employeesHigh intensity of local competition. There are large number of companies in both manufacturing and service sectors, e.g. car manufacturers and IT softwar e companies