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To a well-read student in economics, there is barely an original thought in this book. If you know nothing about economic history, it can be of use.
This is one of my favorite books about the world and business. I first read it in grad school and it just spark so much within me. You don't have to be a business person to enjoy this book. It will just amaze you when you see how culture and national identity help to form some of the reasons you are successful.
It's a superlative book, although it's really hard to read.It introduces the "diamond", clusters, and their dynamism. Different stages of advantage development. And implications for companies and governments. It also includes deep case studies and agendas for several industries and countries, although I didn't read them.
Buku ini idenya hampir sama dengan buku Michael E. Porter on Competition, namun unit analisanya bergeser dari perusahaan ke negara. Selebihnya, buka-buka lagi dulu deh gue. :D
You need a "competitive factor disadvantage" in all things...
Porter's Diamond is a wonderful model which acts as the crux to the prime strategies and necessary conditions for national development. He stresses that US clearly has unique strengths and capabilities and if the government can encourage the development in these areas and outrun the competition, then we can continue to lead the global economy. He not only contributed to Singapore but also introduced to many Latin American Countries with the Porter model specially in the late nineties and 2000.
Michael Porter's theories are taught, often with little critique, around the world in business courses. His ideas are clear, the rationale behind them often understandable and solid. But business changes, and although we cannot expect printed words to evolve with the world around them, to set an economic model out as 'how things work' has proven ill-judged. The narrow band of nations from which Porter drew his conclusions has certainly not helped 'Competitive Advantage' avoid criticisms. Nor has...
Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths. (Reference from Google)https://www.investopedia.com/terms/p/...
Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths. (Reference from Google)https://www.investopedia.com/terms/p/...
Although the book was published 2 decades ago and many of the ideas are now so popular that they are cliché, the overall thesis of this book with emphasis on competition and role of home demand, among others, could still good lessons to policy makers and business leaders in many countries. Vietnam, with its protectionist approach and habit of commanding the economy, can still find inspiration to resolve its struggle to home-grow industries such as automobile or to sustain telecom. Business leade...
Still a powerful methodology for assessing and identifying a country's true potential. Pre-Internet so it should be showing its age.
Despite accolade on the book from the world, I found Porter's book about national competitiveness a but verbose, repeating the same points over and over again. Such reiterations have significantly distracted my attention to focus on the core messages. But his idea on national competitiveness, which is well represented with Porter's diamond, is unparalleled in its implications and insights. The book provokes the readers to think about what's true lever to grow a nation's economy in such a competi...
Porter's expansion of his landmark "On Competition" identifies investment in human capital and Porter's Diamond as the prime strategies and necessary conditions for national development. Singapore and the United Sates are cited as the leading examples.
Porter's expansion of his landmark "On Competition" identifies investment in human capital and Porter's Diamond as the prime strategies and necessary conditions for national development. Singapore and the United Sates are cited as the leading examples.
The business guru's analysis of how nations can compete in the global market by building capabilities and strengths that leverages their resources, culture and society. Years ago, Singapore had hired him to develop a strategic roadmap and the country is competing sucessfully in today's dog-eat-dog international market. The U.S. clearly has unique strengths and capabilities and if the government can encourage the development in these areas and outrun the competition, then we can continue to lead
Michael Porter at Harvard is one of the most famous business professors in the world, if not the most famous. He is known for business strategy and the 5 forces model as well as cluster theory among other works. This book was on the determinants of national success. He takes a look at 8 nations among which are Germany, Sweden, Korea, Japan, Italy, and the United States. His point of measurement is the industry and the firms that make up the industry. Each nation has factor conditions or natural
I've been reading about business and economics regularly for well over a decade, and it takes a lot to introduce anything comprehensive that might surprise me on the subjects. This book met that standard by presenting a new perspective on the way national economies both progress and sustain advantage in industries. Porter analyzes the histories of nations around the world, presenting 8 national case studies to elucidate his findings. Along the way, he introduces the concept of economic clusters
Extraordinary scholarship. Developed and tested many new concepts. However many of them are now dated approaches to business as the market has changed, for example given the use of digital platforms in most economies today.
In his seminal work The Competitive Advantage of Nations, Michael Porter established that one of the four “determinants of national advantage” is “demand conditions.” [Porter, 1990, Figure 3-1] Nations gain competitive advantage in industries or industry segments where the home demand gives local firms a clearer or earlier picture of buyer needs than foreign rivals can have. Nations also gain advantage if homebuyers pressure local firms to innovate faster and achieve more sophisticated competiti...