Porter’s Diamond Benedictine University International Business Professor Samir Moussalli July 21‚ 2013 Porter’s Diamond The industry that is most interesting to me is the coffee industry. It is a known fact that 90 percent of the world’s coffee production takes place in developing countries. (www.businessinsider.com) The country that ranks number one in coffee production is Brazil. While Finland drinks the most coffee per capita in the world‚ Brazil ranks number thirteen
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criteria for 49 countries. How might Porter’s diamond of national advantage help to explain the rankings for some of thes countries for certain industries that interest you? According to Porter‚ a nation attains a competitive advantage if its firms are competitive. Firms become competitive through innovation. Innovation can include technical improvements to the product or to the production process. Four attributes of a nation comprise Porter’s "Diamond" of national advantage. They are: factor conditions
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things had. What do they mean to their lives‚ especially their families. Because they understand without families they don’t have anything. Also in this movie‚ it’s true the people who buy diamonds create the demand for this business‚ but who should be blamed are only those who seek the diamonds illegally. Otherwise we should blame every rich man. Why? Because somebody makes money‚ there must be someone who loses money. Do we want to blame the people who made others poor? Then there should
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1. Explain Porter’s Diamond Porter introduced group of interconnected firms‚ suppliers‚ related industries‚ institutions. Competitive advantage of nations have been the outcome of four interlinked advanced factors and activities: these interrelated links Factors for Competitive Advantage for the countries or regions in Porter’s Diamond are as follows: 1 Factor conditions - such as skilled labor‚ land‚ natural resources‚ capital and infrastructure. Porter argues that the "key" factors
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Diamond in the rough Why Master P is set apart from all the other hard-core rappers? He owns his own music company and built his empire around No Limit (the hottest in the business). He was almost a NBA player‚ and he owns his own line of dolls (the Master P doll). His company makes a net worth each year of $361 million. His record company sold 26 million records in 1998‚ more then any other rap company. He also has made a lot of money in staring and directing in movies that profit at
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Diamond Building-Bangunan Suruhanjaya Tenaga‚ Putrajaya Energy-efficient buildings are designed with emphasis on environmentally friendly‚ such as energy and water efficiency‚ indoor environmental quality‚ use of renewable energy and so on. From the physical characteristics of the buildings we can see the use of glass which will allow entry of sunlight‚ thus reducing the use of lights. This shows the savings in electricity consumption. In addition‚ heat from the lights can also be reduced by it
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may not know much about a candidate. The public approval of a candidate’s image tends to rely on the media’s presentment. Usually‚ voters will make decisions about which candidate to vote for based on their perception of a particular candidate’s personality‚ leadership qualities‚ or family values. Certain voters will also make choices based on specific policy choices‚ and
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the United States‚ we have become familiar the reputations of certain goods based on their country of origin. Some examples include Swiss-made watches‚ German automobiles‚ Tulips from Holland‚ Argentine beef. Michael Porter uses his "Porter ’s Diamond" theory to explain why some countries have a comparative advantage in relation to others in specific industries. Porter theorizes that four broad attributes (factor endowments‚ demand conditions‚ relating and supporting industries‚ and firm strategy
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DPorter’s Diamond Model on Competitiveness Factor conditions for production are the inputs and infrastructure necessary for competition‚ which include: • Human resources: quality and quantity of skilled labor‚ cost of personnel‚ and labor skill variety; • Physical resources: “the abundance‚ quality‚ accessibility‚ and cost of the nation’s land‚ water‚ mineral‚ or timber deposits‚ hydroelectric power sources‚ fishing grounds‚ and other physical traits.” (Porter‚ 1990‚ p. 74); • Knowledge resources:
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The individual points on the Diamond as well as the whole diamond affect four “ingredients” which are essential in the achievement of the overall nation’s competitiveness. Namely resources and skills; Data used by the firm to decide on which resources and skills to pursue; Individual’s goals within the firm; Firm’s incentive/pressure to invest‚ develop‚ create and innovate. The Diamond help companies and nations to understand all the following determinants
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