Porter Diamond Definition:
The Porter Diamond, called the Porter Diamond National Advantage Theory, is a model designed to understand the competitive advantage that a country or group gains due to certain factors and to show that it is global. How can governments run the country in a competitive business environment based on position? . The model was developed by Michael Porter, an expert in business strategy and economic competition and founder of the Harvard Business School Institute for Strategy and Competition. It is an active economic theory, not one that easily caters to the competitive advantage of a country or region. Porter Diamond is also called Porter's Diamond or Diamond Model.
- Porter's diamond model illustrates the factors that can create a competitive advantage for one market or national economy over another.
- It can be used to describe the sources of the country's competitive advantage and ways to achieve it.
- Firms can also use the model to guide and shape investment strategies and activities in multiple national markets.
Literal Meanings of Porter Diamond
Meanings of Porter:
People employed in the transportation of goods and other goods, especially at train stations, airports or hotels.
A dark brown bitter beer made from malt is partially charred or roasted when dried at high temperatures.
An employee responsible for entering a hotel, apartment complex, or other large building.
Sentences of Porter
The car drove to the station and the porters took their luggage on the train.
The company manufactures rack packs in bottles
Synonyms of Porter
doorkeeper, doorman, baggage carrier, commissionaire, carrier, bearer, gatekeeper, door attendant, baggage bearer
Meanings of Diamond:
A figure with four straight straight figures of one length forming two opposite sharp angles and two thick diamond-shaped angles.
Sentences of Diamond
Decorative diamond shape
Synonyms of Diamond
diamond shape, jewel, precious stone, rhombus, diamond