Exam question : “Globalisation Your consultancy is considering the use of Porter’s Diamond model in its analyses of national competitive advantage. Write a briefing note, giving examples, detailing a) how and why you would use the diamond model b) what limitations if any there are in doing so. ” Classical economics insists that a national competitive advantage grows out of a country’s natural endowments, its labor pools, its interest rates, and its currency’s value. However, according
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What growth strategy does Live Nation appear to be using? What competitive advantage do you think Live Nation has? It appears as though Live Nation may be using two kinds of growth strategies; Concentration, which focuses in its primary line of business (in this case the music industry), and “increasing the number of products and services offered or markets served in that primary business”(Robbins & Coulter, 2009), and horizontal integration by combining with competitors. In 2009, Live Nation
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Rothaermel Exercise Assignment 2 Shane Taylor BUSI 690 Liberty University Rothaermel Exercise 2 Assignment 6.1: There are drawbacks and risks of both broad generic business strategy and focused strategy. Focused strategy’s lowcost could be a potential drawback and risk. Especially if the competition is able to lower their cost offering there product and service at a comparable price. Acording to the text, the product/service cost can be difficult in industries where economies of scale
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Bibliografía: * eHow (s.f.) Ma Wen Jie, What Are the Costs of Free Trade?. Retrieved on September 07, 2015. From: http://www.ehow.com/about_5367523_costs-trade.html * Trade Link (August 2008) México elimina los obstáculos a la importación de medicamentos. Retrieved on September 07, 2015. From: http://www.economia-snci.gob.mx/sic_php/pages/bruselas/trade_links/esp/agoesp2008.pdf * Investopedia (s.f.) Free Trade. Retrieved on September 07, 2015. From: http://www.investopedia.com/terms/f/free-trade
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The Competitive Advantage of Nations Michael E. Porter Harvard Business Review 90211 HBR MARCH±APRIL 1990 The Competitive Advantage of Nations Michael E. Porter National prosperity is created, not inherited. It does not grow out of a country's natural endowments, its labor pool, its interest rates, or its currency's value, as classical economics insists. A nation's competitiveness depends on the capacity of its industry to innovate and upgrade. Companies gain advantage against the world's
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CONTENTS INTRODUCTION 3 HISTORY 4 IMPORTANCE OF TRADE 5 INTERDEPENDENCE 6 LAW OF COMPARATIVE ADVANTAGE 7 BENEFITS OF DIVERSITY 7 COMPETITIVENESS 8 ECONOMIES OF SCALE 9 FREE TRADE 10 PROTECTIONISM 10 METHODS OF PROTECTIONISM 11 MEASURES OF TRADE 12 Global Trade Risk: 14 Types of Risk, Ways to Manage 14 CONCLUSION 17 REFERENCES 18 INTRODUCTION International trade has a big influence in our day-to-day lives, even if we do not realize it, it is a fact that almost every transaction or purchase we make
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Master TEW International Business cases - Van Hoof Q 186 uickprinter Koningstraat 13 2000 Antwerpen www.quickprinter.be 2.90 EUR International Business: Cases Case 1: Whirlpool Whirlpool’s Dramatic Turnaround through Internationalization Whirlpool exemplifies how internationalization can rejuvenate declining sales and optimize cost structures. Background Headquartered in Benton Harbor, Michigan, Whirlpool Corporation makes washers, dryers, refrigerators, dishwashers, freezers
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bilateral agreements with many nations, most of them deemed “strategic”. Answer the next two questions in your own words: a. What are the potential costs and benefits of adopting such a free-trade strategy? International trade allows a country to specialize in the manufacture and export of products that it can produce efficiently, and in the meantime, to import products that can be produce more efficiently in other countries and helps reduce cost of tariffs. b. What can it be done to reduce the
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New Trade Theory 1. (a) Explain the new trade theory. What is the role of economies of scale in this theory? The new trade theory focusses on productivity rather than the types of resources that are available in a nation. This justifies government intervention in support of the development of certain industries involved in exports. First mover advantage indicates that as production of a specialized product increases, it also becomes more efficient, increasing input. Therefore, as
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occur in any sector of the economy, including government services such as health or education. Supporting nowadays with the rapid growth of technology industries, many policymakers in many nations have increasingly come to see technological innovations as a key driver of economic growth. This is why so many nations have made the promotion of innovation and new technologies a central part of their economic policy. Before discussing further about innovation and see why innovation play an important role
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