What are the four factors described in Porter’s diamond of national advantage? How do the four factors explain why some industries in a given country are more successful than others?
Answer to relevant QuestionsExplain the two opposing forces—cost reduction and adaptation to local markets—that firms must deal with when they go global. Data on the “competitiveness of nations” can be found at www.imd.ch/wcy/ranking/ . This website provides a ranking on a variety of criteria for 59 countries. How might Porter’s diamond of national advantage help to ...What is the difference between discovery and evaluation in the process of opportunity recognition? Give an example of each. Think of an entrepreneurial firm that has been successfully launched in the last 10 years. What kind of entry strategy did it use—pioneering, imitative, or adaptive? Since the firm’s initial entry, how has it used or ...What is the role of effective corporate governance in improving a firm’s performance? What are some of the key governance mechanisms that are used to ensure that managerial and shareholder interests are aligned?
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