Porter's Diamond Model. Michael Porter’s Diamond Model which is also popularly known as the Theory of National Competitive Advantage of Industries is a strategic tool used by companies for determining and developing the basis of competitive advantage needed for international growth and expansion.

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the porter diamond properly referred to as the porter diamond theory of national advantage is a model that is designed to help understand the competitive advantage that nations or groups possess.

Porter’s Diamond Model Concept, Strategy and …

The diamond model of Michael Porter is the framework that helps to assess a competitive advantage of a given industry within a particular nation to determine whether this industry can provide organizations that want to compete at the international level with favorable conditions to do this.

What is Porter's Diamond Model? Explained, example

Porter has used the diamond model when consulting with the governments of Canada and New Zealand While the variables of Porter’s diamond model are useful terms of reference when analysing a nation’s competitiveness a weakness of Porter’s work is his exclusive focus on the ‘home base’ concept.

Strategy 1: Porter’s Diamond explained with an example

The Porter Diamond model bases its assessment on six elements Factor conditions Demand conditions Related and supporting industries Firm strategy structure and rivalry Chance Government Indeed the home base of the company is an important determinant of a firm’s strengths and weaknesses relative to foreign rivals.

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What is Porter’s Diamond Model? Explained, example

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Porter ’s Diamond model is an economic model that is developed by Michael Porter that aims to highlight and explain on why particular industries or nations become quite competitive in a particular location and on the national and international levels Michael Porter is one of the highly renowned and famous authorities on the corporate strategy and economic.