Porter's "Diamond" Model: A. Explains Competitive Advantage of Leading Industries Within the Same

question 4

Short Answer

Porter's "diamond" model:
a. Explains competitive advantage of leading industries within the same country.
b. Explains competitive disadvantage of globally leading industries in different countries.
c. Has been criticized for ignoring history.
d. Has been criticized for focusing on institutions.
e. C and D above.

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Definitions:

Busy Person

An individual who has a lot of tasks, responsibilities, or engagements, often leading to limited availability.

Professional Experience

The work history and accumulated skills and knowledge that an individual has gained through working in specific industries or professions.

Chronological Résumé

Format that emphasizes work experience, with past jobs shown in reverse chronological order; the most common résumé format.

Educational Qualifications

Refers to the formal certifications or degrees obtained by an individual through schooling and higher education.