Question: Michael Porter developed a model that helps identify countries or regions where conditions support competitiveness globally in a specific industry. As an example, France has
Michael Porter developed a model that helps identify countries or regions where conditions support competitiveness globally in a specific industry. As an example, France has historically been a world leader in the wine industry; Italy has traditionally been a world leader in shoes; and India is currently a world leader in software development, Each country's leadership was due to strong supporting conditions in the four key factors that Porter identified as critical to regional competitive success. Porter's Model identifies four factors that, working together, can result in a regional world competitive advantage: 1. FACTOR CONDITIONS (skilled labor, land, capital, technology, know-how, and infrastructure); 2. Local DEMAND CONDITIONS (strong local demand with sophisticated and demanding customers); 3. RELATED AND SUPPORTING INDUSTRIES (the extent to which companies' domestic suppliers and other complementary industries are developed and helpful.); 4. RIVALRY, STRATEGY, AND STRUCTURE OF DOMESTIC COMPETITORS (refers to how challenging it is to survive domestic competition-strong competition makes the industry stronger).
In the United States, Silicon Valley in Northern California is a region of the U.S. that has been competitive globally in developing many of today's advanced technologies. Apple, Google, Facebook, Intel, H.P., and Oracle are a few of the many successful technology companies that started in Silicon Valley.
Bangalore, a city in the Southern part of India, known as the Silicon Valley of Asia, is a global hub of IT development and other technology development and is the home of such global IT companies as Infosys, Wipro, Flipkart, Mindtree, and Myntra.
Identify the four key factors in Porter's Model for National Competitiveness (Factor Conditions; Local Demand Conditions; Related and Supporting Industries; Rivalry, Strategy, and Structure of Domestic Competitors) conditions in Silicon Valley (US or India) to support it as a global leader in technology development. Give specifics for each of the four factors. The analysis should answer the question: 'why has either Silicon Valley been a dominant world leader in technology development?"
If your last name begins with 'A' thru an 'L' comment on Silicon Valley in the US
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