Answer to Question #62890 in Other Economics for Hadel
I am a Business Economics Student. Today I need to know the real meaning of the Diamond of National Advantage as I have a project about. When we talk about it , should we talk about a specified country as a whole or only about a specific company ?
Thanks for your time
It recognizes four pillars of research (factor conditions, demand conditions, related and supporting industries, firm structure, strategy and rivalry) that one must undertake in analyzing the viability of a nation competing in a particular international market, but it also can be used as a comparative analysis tool in recognizing which country a particular firm is suited to expanding into.
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