Assignment- Porter's Diamond
In 1990, Michael Porter and a team of researchers attempted to determine why some nations succeed and others fail in international competition. The task was to explain why a nation achieves international success in a particular industry, such as Japan in the automobile industry and Germany in the chemical industry.
Porter theorizes that four factors of a nation lead to shaping the competitive advantage:
• Factor Endowments
• Demand Conditions
• Relating and Supporting Industries
• Firm Strategy, Structure, and Rivalry
Your Hill & Hult textbook describes Porter's theory in detail. In a 3-4 page paper, give an example of an industry and a countryand relate each of the four factors of the Diamond to this example. How has that industry succeeded or failed according to the Diamond strategy? You will need to use the Benedictine Library as well as outside resources for this research.
NOTE: Do not use an individual company or firm as your example, the Diamond illustrates industries as a whole.
Reference:
Title: Global Business Today
Authors: Charles W.L. Hill; G. Thomas M. Hult
Publisher: McGraw Hill Irwin
Ed/Year: 9th Edition/2016
ISBN-13: 978-9814738255
ISBN-10: 9814738255.