Michael E Porter's Diamond Model explains The Competitive Advantage of Nations
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Michael E Porters “The Diamond Model” was published in 1990 in his book ”The Competitive Advantage of Nations”. It’s a model that can help us understand why a nation becomes the home base for successful international competitors in a particular industry and other nations don’t.
He argues, that the old theories - made by Adam Smith and David Ricardo - are not sufficient to explain competitiveness between technology advantage nations of today.
Section
0:00 Introduction of the author and the purpose of the model
0:39 The models four broad determinants plus two influencing determinants
1:36 1. Determinant - Factor conditions with example
3:43 2. Determinant - Demand conditions with example
5:42 3. Determinant - Related and supporting industries with example
6:56 4. Determinant - Firm strategy, structure, and rivalry with example
8:26 Determinant - Governmental policy - influence on the four broad determinants
11:37 Determinant - Chance - outside control
13:03 An example - The German automobil industry
13:26 The German automobil industry - Factor conditions
15:04 The German automobil industry - Demand conditions
16:06 The German automobil industry - Related and supporting industries
17:20 The German automobil industry - Firm strategy, structure, and rivalry
18:38 The German automobil industry - Chance and Government
19:30 Criticism of the model
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I saw a few of you commented on the speed of the video. English is my second language so I would be glad if everyone would speak like this. :D And most importantly great content, thanks.
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Very informative ,I can now clearly understand the Porter's framework now.
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Very good explanation
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god bless me before the exam.
Hope your exam has gone well
Great explanation and use of examples. Helped a great deal.
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Thank you so much for this video. I can understand quickly because your speed of speaking that is slowly and clearly due to English is not my mother language
Thank you. If you later want to see and hear the video in a faster pace, then you can set the speed to 1.25
Thank you
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Great video, really detailed and clear, but a bit too slow for my liking so I watched it at 1.25x speed :)
Thanks for the tips, I absorbed the information through one glance
Great tip. Helped me take this in quickly.
We made the videoes so they can be set up in speed. It's an advantage if you only need to hear them. If you want subtitles, speed 1.0 is best.
So an MNE may choose to have a home base or headquarters based in a certain country due to the advantages or strengths of that country?
Yes - that may be one of the reasons. In fact, we are seeing IT companies move their headquarters to Silicon Valley. This is where there are people with competencies and the universities that educate the next generation of IT people. There is also venture capital. Just to name a few of the conditions. However, there are many other factors that may come into play.
Great video, and thanks for taking the time to reply. Is it fair to say that some of a firms activities, such as R/D or access to capital may be done purely under a single diamond, while its other activities overseas use the double diamond approach?
When you say Double Diamond. Then you think of the design process developed by the British Design Council in 2005. If so - then all four elements of this model are normally done in the main market. It appears from Porter's diamond that competition must be strong in the domestic market so that companies are exposed to competitive pressure from the start. It is the precondition for being strong internationally. But you will probably be able to find constructions like the one you mention - do you have something specific in mind?
The first video I've ever had to speed up. Glad of the thorough content. But, honestly, your narration is aggressively slow. Not just here, but on your other videos too.
"Glad you like the content, that is the most important for us. Our consideration about the speed of our videos is, that it sounds better to speed up a video than to slow it down. So we often recommend people to watch the videos at 1,25 or even 1,5 speed. We hope you and others will spread this message."
your voice is beautiful
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OK
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@@flixabout ??? He said "OK"...
@@richsit OK synonyms: all right, right, very well, very good, fine, fair enough, okey-doke, okey-dokey. But you are right. It is a very short indication that allows for interpretations. We choose the positive one. Hope you can accept it.
VW is not located at the south of Germany
You're right. They are located in Wolfsburg in the middle of Germany. However, this does not change the fact that they are part of the very tough competition in the German car industry.
God i hate my life
Hope you have a better day today.
yo my guy why u gotta do all the fancy pansy words just simplify this vid, im dumb idk half the words u say #NoHate
#honeybadger
Hi Nicolai This is an academic video where we have chosen to use the words and phrases that the author uses in his book. We then try to simplify the meaning in examples along the way and in the whole section example. We hope you understand our rationale for using academic terms. Good luck for your further study.