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Porter's Diamond is a useful framework that can help an organisation in identifying the extent to which it can build on home based national advantages to create competitive benefit, when compared with its industry competitors from dissimilar countries.
Discuss the four interacting determinants in Porter's Diamond framework that discuss the sources of national competitive advantage.
Porter's Diamond is based on four interacting determinants that help the country, and as individual organisations operating in that country, to be more spirited in international markets. These are factor conditions; home demand conditions; related and supporting industries; firm strategy, structure and rivalry.
Home demand conditions
Factor condition
Related and Supporting Industries
Firm strategy, industry structure and rivalry
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