BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one is not a weakness of Diamond model?
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small country can use factor condition from neighbor country
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rivalry factor is no longer important for multinational firm
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because of globalization global taste converge
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related industry creates opportunity for innovation
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Explanation:
Detailed explanation-1: -Porter doesn’t believe in a free market where the government leaves everything in the economy up to ‘the invisible hand’. However, Porter doesn’t see the government as an essential helper and supporter of industries either. Governments cannot create competitive industries; only companies can do that.
Detailed explanation-2: -The diamond is a model for identifying multiple dimensions of microeconomic competitiveness in nations, states, or other locations, and understanding how they interact. By identifying and improving elements in the diamond that are barriers to productivity, locations can improve competitiveness.
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