Michael Porter

Michael Porter in his study of national competitive advantage, Michael Porter identified four sources or determinants that can affect the global competitiveness of companies located in particular countries .These four sources are: factor endowments; demand conditions; related and supporting industries; and the strategy, structure and rivalry of the companies located in a country.Porter created a model linking these four sources in a diamond (see figure 1 below) and argued that firms are most likely to succeed in industries or industry segments in which the four sources are favourable. He also argues that the sources in the diamond form a mutually reinforcing system in which the effect of one determinant or source is dependent on the state of the others. The four sources that a company may need to depend on can be characterised as follows. Factor endowments There are two kinds of factor endowments - the basic factors of production such as land, labour, capital and materials; and advanced factors such as technological know how, managerial skills and physical infrastructure. human resoureces refers to the quantity, skills, and cost of personnel. Physical resources referes to the abundance, quality, accessibility, and cost of the nation’s land, water, mineral, or timber deposits, hydroelectric power sources, fishing grounds, and other physical traits. Knowledge resources refers to the accumulated scientific, technical, and market knowledge in a nation in the…

different strategies. The term strategic group is widely used in the strategic management after used by Michael Porter (1979) and Porter and Cave (1977). Porter Defined the strategic group as a group of firms in the industry subsequently the same or comparable strategy along a set of strategic dimensions. Mascarenhas (1988) argues that the strategic group exists only if significant mobility barriers exist between groups. Porter (1980) describes the strategic group as that is an intermediate…

The term of "value chain" was coined by Michael Porter in his book Competitive Advantage published in 1985. In this influential work, the scientists offered a scheme of general purpose value chain, which could be used by different organizations to add value to their products. The researcher stated that value chain has a tremendous influence on the company 's position on the market and its profits. In such a way, Porter has selected activities, which would help enterprises to bring more money…

will be routed to Colorado Springs, because many times Denver International Airport is too busy. The airport then charges the airline a landing fee based on the weight of the plane, but also on the amount of time they had to wait on our property. Our facilities has held over sixty divergent flights at one time. As one can see from this brief description of the operations of the airport, the value chain can become complex. The airport sees many changes throughout the year. From fluctuations…

the more you will start to develop your own and customize them according to the nature of the case. Remember, the interviewer is not looking for you to apply a cookie cutter approach to each case. You are expected to make sound judgment as to which frameworks are appropriate and what components of those frameworks are most applicable to the problem at hand. Frameworks are mere enablers that organize and guide your thinking. They are not the driving force behind the solutions and they…

523 words Mary Nyambura 9100 St. Charles Rock Road St. Louis, MO 63114 (314) 493-6100 Nyamburam984@ritenourschools.org Life of Red by Mary Nyambura Life begins as a happily ever after so peaceful, calm, melodic then . . . . . . . . . .BAM ...your dead Time of death ten forty eight P.M. doctor said. Beep . . . Beep . . . . . Beep. False alarm Diiiinnnnnnnnnngggggg! We’re losing him, code black code black! Defibrillation. Gel. Alright, On one two . . . Beep . . . beep . . . .beep,…

The case study is based on two companies that are L.L. Bean and Aflac Insurance. The case study is related to the use of total rewards by companies in order to support the organization’s missions and values, which achieve strategic outcomes. The base company is Aflac to understand and get the idea about the compensation and benefit structures, which achieve organizational outcomes. Discussion Company uses its own products or services to enhance the total compensation for its employees Aflac…

This case is designed to understand the corporate strategy process and the management strategy in a dynamic environment. The LEGO case offers insight into turnaround management and development strategy in a difficult situation. Action before Strategy was needed at an early stage. Understanding key factors for success and introducing KPIs for product innovation catalyzed sales while decreasing costs. Based on the analysis, following below are the key factors that have been identified for the…

Porter’s Theory Porter’s Theory relates to the profitability of different companies in terms of their business outlook. What company is the most profitable? How can we gain better clientele? Where do we rank amongst other competitors as far as profitability? These are all questions that a company would search to find the answer to when debating their position in the business world. FILA is a known sneaker and clothing company that has taken a huge fall within the last decade. In this research,…

The marketing theories and concepts utilised in this case study are as follows: A. Core competencies: A core competency is the most inherent strength or the strategic advantage of a business which essentially is a combination of the pooled knowledge, technical capacities and resources that provide the business with a competitive edge in the market. Core competencies have been known to have the following characteristics as follows (Philip Kotler, n.d.): a. Source of competitive advantage and…