Essay About Porters Diamond And Knowledge Base

Jewelry : Pest Analysis
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PEST ANALYSIS
is a poltical / economic/ socio/technology analysis of factors
which could affect an organization.
POLITICAL
-government stability
-government laws
-government barriers
-government laws on environment
ECONOMICAL
-gdp growth
-pricing laws
-trade laws
-tariffs
-financial stability
-export laws
-import barriersational
SOCIAL
-demographic
-educational levels
-lifestyles
-per capita income
-social norms
TECHNOLOGY
-incentives for research / development
-new technology
-importation laws on technology
-duty on imports of technology
PORTERS DIAMOND OF NATIONAL ADVANTAGE
PORTER argued that a nation can create new advanced factor
endowments such as skilled labor, a strong technology and
knowledge base, government support, and culture. PORTER
used a diamond shaped diagram as a basis of a framework
to illustrate the determinants of national advantage. The
diamond represents the national playing field that the
countries establish for their industries.
The points of the diamond are described as follows
1.FACTOR CONDITIONS
-a country creates its own important factors such as skilled
resources and technological base.
-these factors are upgraded / deployed over time to meet
the demand.
-local disadvantges force innovations. new