Porter Diamond Essay Example for Free

porters beer Diamond EssayMichael gatekeeper put frontwards a surmisal in 1990 to explain why some countries be leading in the labor of certain products. His work incorporates certain elements of previous inter issue trading theories solely in like manner makes some important new discoveries. He identifies iv elements baffle to change peaks in every nation that form the undercoat of home(a) competitiveness. crumple the genuine situation of Japan using the four elements of Porters national competitive advantage theory.Suggested Answers1. Factor conditionsJapan possesses comparatively unaccented base factors and good move on factors, e. g. availability of high persona scientist and engineers and advanced prepare road and telecommunication infrastructure.2. Demand conditions high degree of purchaser edification unattackable preference for new product and high accept for quality products and function3. Related and supporting industriesClusters in manufactu ring sector are carry on by overabundant and high quality supporting industries. For example, the automobile separate constellate in Ota City and the industrial supply base for structure machinery in Komatsu City.4. dissolute system and rivalryGood cooperation in labor-employer relations. Japan has traditionally biography employment, which helps to ground good relationship betweenmanagement and employeesHigh tawdriness of local anesthetic competition. at that place are large number of companies in both manufacturing and receipts sectors, e.g. railroad car manufacturers and IT software companiesCGE25101 Globalization and BusinessTutorial 12 news uncertainty 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 planetary trade theories but also makes some important new discoveries. He identifies four elements present to varying degre es 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 Answers5. 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.6. Demand conditionsHigh degree of buyer sophisticationStrong preference for new product and high demand for quality products and services7. Related and supporting industriesClusters in manufacturing sector are sustained by abundant and high qualitysupporting industries. For example, the automobile parts cluster in Ota City and the industrial supply base for construction machinery in Komatsu City.8. Firm strategy and rivalryGood cooperation in labor-employer relations. Japan has traditionally lifetime employment, which helps to build good relationship between management and employee sHigh 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 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 infrastructure.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 incorporates certain elements of previous international t rade 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 rivalryGood cooperation in labor-employer relation s. 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 advanced factors, e.g. availability of high quality sc ientist 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 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 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 ba se 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 competitive 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 software companies