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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Blood Diamonds: The Conflict in Sierra Leone History of Diamonds: The name "diamond" comes from the Greek word‚ "adamas" meaning unconquerable. Fittingly diamonds are made of pure carbon‚ and diamonds are the hardest natural substance known to man.[1][1] Diamonds have long been a sign of wealth and fortune. Kings and queens have worn these forms of concentrated carbon and even more countless millions people over time have lusted after them. These gems can be transparent‚ truculent white
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1. Reading for this Lecture Porter M. (1990)‚ The Competitive Advantage of Nations‚ Chapters 3&4 2. Why Location Matters The ways that firms create and sustain competitive advantage in global industries provides the necessary foundation for understanding the role of the home nation in the process. There are five premises we must understand relating to national advantage: 1) The nature of competition and the sources of competitive advantage differ widely among industries and industry segments
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I have chosen to focus on and analyze one pattern of the Diamond Trade at a global scale. The pattern illustrates that the Diamond Trade exists on a global scale. I have used examples and specific evidence from different regions and nations across different hemispheres to highlight this Global pattern. There are five different processes of the Diamond Industry. Exploration‚ mining‚ selling rough diamonds‚ cutting and polishing and selling on world markets. Each process happens in different location
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INTRODUCTION 1.1 Background of the Study Persistent public expenditure and inflation have become major concerns in both developed and developing countries. Extensive theoretical and empirical literatures have been developed to examine the relationship between Public expenditure and macroeconomic variables. The monetarists share the view that fiscal deficits are harmful to an economy. While some of the increases in the public expenditure have been associated with declining tax revenue resulting from
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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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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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“Critically discuss to what extent Porter’s Diamond is a useful concept in explaining home and host location strategies of international business? Illustrate your answer with references to at least two case companies” The main aim of International business is to build and sustain competitiveness for economic value creation in both domestic and overseas markets (Besanko et al. 2007). Internalisation business theory however has a variety of models that can identify the environmental analysis of specific
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Capital Project I Capital Project I Capital targeted for technology enables hospitals to move ahead and provide valuable services to customers (Sandrich‚ 2008). This facility serves veterans and the capital project proposal is for a Magnetic Resonance Imaging (MRI) compatible monitor and a program for sedation services for patients. Nursing support is necessary for monitoring patients during magnetic imaging for patients receiving oral and intravenous conscious sedation or pain management
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Although diamonds often represent marriage‚ beauty‚ and romance‚ the process of getting these diamonds have been heart wrenching. Between the billions of people killed by the rebels wanting control over the diamonds‚ and the erosion which has caused damage to the ecosystem by the mining‚ South Africa was forced into a Civil War. Before the issue was announced‚ we were unknowingly contributing to the Blood Diamonds by purchasing these conflict diamonds. With the Kimberly Process Certification Scheme
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