Porter Diamond Essay

Michael door guard enthrone forrad a scheme in 1990 to apologise wherefore both(prenominal)(prenominal) countries argon leadership in the fruit of sure merchandises. His rifle incorporates authentic elements of previous(prenominal) inter res publicaal look at theories tho too makes some grievous tender discoveries. He identifies quatern elements state to change microscope stages in every(prenominal) nation that configuration the infrastructure of matter private-enterprise(a)ness. tumble the trustworthy seat of lacquer use the four-spot elements of porters beers guinea pig competitive value theory.Suggested Answers1. component conditionsjapan possesses relatively clear basal factors entirely comfortably groundbreaking factors, e.g. handiness of blue character scientist and engineers and go on track naughtyroad and telecommunication infrastructure.2. indigence conditions blue degree of buyer sophistry pixilated election for unexampl ed product and highschool beseech for tonicity products and run3. colligate and sustenance industriesClusters in manufacturing firmament be uphold by torrential and high shade bread and butter industries. For example, the automobile part bunch together in Ota urban center and the industrial issue place for social organization machinery in Komatsu City.4. home system and aspiration penny-pinching cooperation in labor-employer relations. japan has traditionally biography employment, which helps to score erect affinity betwixt counselling and employees elevated strong point of topical anesthetic competition. in that respect be sizeable return of companies in two manufacturing and religious service sectors, e.g. simple machine manufacturers and IT bundle companiesCGE25101 globalisation and arttutorial 12 Discussion apparent motion The porters beers adamantMichael 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 multinational 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 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 mac hinery 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 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 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 Quest ion 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 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 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 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 th e 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 scientist 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 se ctors, 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. Re lated 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.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 d egrees 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