How convincing is Porters model of national competitive advantage in Essay - 3

How convincing is Porters model of national competitive advantage in explaining the characteristics and performance of the business systems of major economies - Essay Example There are some critical factors within this model such as demand and factor conditions, firm’s strategy, competition and structure, chance factors, supporting and related industries, and government intervention. Porter’s model of national competitiveness is regarded as an appropriate framework for evaluating firm’s competitive position. On the contrary, this model is not considered as a suitable framework from economist’s perspective. It is stated as a model that helps to determine competitive position of a company rather than a country or nation. This study would reveal real world scenarios where Porters model was beneficial enough to analyze competitive position of nations. The study has been divided into various subsections where theoretical model will be elaborated along with its application on nations. Michael Porter designed a new model to analyze the reason behind firms belonging to specific nations happen to design better strategies in comparison to other firms. Porter took into consideration ten countries such as UK, Germany, USA, South Korea, Japan, Italy, Denmark, Sweden, Singapore and Switzerland (Davies and Ellis, 2000). The main objective for designing this model was to identify why some regions possesses competitive advantage compared to rest. Diamond model was designed by Michael Porter was to predict sector’s or country’s competitive advantage. This particular model has been elaborated in figure1. As per figure1, this model helps in designing a structure required for achieving competitive position in a sector. The factors of this model play a significant role in context of achieving competitiveness for long-term (Smit, 2010). All the factors represented within diamond model are determinants of sectors. These factors encompass skills and assets which are important for competitive advantage of an industry. It even consists of information that provides guidance

Final Reflection Essay Example | Topics and Well Written Essays - 750 words

Final Reflection - Essay Example The summary of â€Å"Is Facebook making us Lonely† helped us a lot in understanding audience awareness. The article helped us how to write keeping the dispositions of audience towards the writer. The authors discussed the topic in an excellent way keeping their audience in mind. The summary of the article also informed us about the details involved in responding to audience. The article itself served as a role model for us as to how to communicate with audience using facts and rhetoric together. The subject of the article was very interesting and authors were successful in keeping the interests of the readers at all times. The summary of the article also helped us to learn about summarizing and paraphrasing. It helped us understand how to read and summarize a particular work without ignoring every small detail. I personally learned how to concisely summarize a long article in a few pages. This course has also helped me recognize the importance of rhetorical stance especially through the class discussions. In the class discussions we learnt how to maintain a clear stance throughout the discussion without changing sides. It was more about building a whole case around a central thesis. This helped my writing a lot because previously there was less coherence in my work. I used to discuss many things in a single paper and did not focus too much on a central theme or purpose. Class discussion made me understand how important it is to think about a purpose when writing about a topic. Research paper probably helped me the most as it made my research skills better. I learned how to use search engines and other sources to get the relevant information in a less amount of time. There is loads of information now at our disposal but it is very difficult to extract the right kind of information in a short time. I believe that research paper writing helped me research in a better way. When I was doing the paper I had to analyze other people’s work and