CIMA E2 Syllabus A. Business models and value creation - Porter's Diamond - Notes 8 / 10
Porter's Diamond wanted to answer the question:
'Why some nations tend to produce firms with sustained competitive advantage in some industries more than others?'
It is based on 4 factors. They are:
Factor conditions
Demand conditions
Related and supporting industries
Firm structure, strategy and rivalry
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Syllabus A. Business models and value creation
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Syllabus A. Business models and value creation
A2. Competitive Advantage