Explain Porter's "Diamond" Model of National Competitive Advantage

question 64

Essay

Explain Porter's "Diamond" model of national competitive advantage.

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Definitions:

UCC

The Uniform Commercial Code (UCC) is a set of laws that provide legal standards and regulations for commercial transactions and dealings across the United States.

ATM Machine

An Automated Teller Machine is an electronic banking outlet that allows customers to complete basic transactions without the need for a branch representative.

Safe Harbor Defense

A legal provision that shields companies from liability under certain conditions if they can prove they acted in good faith or complied with specified regulations.

Fees Charged

The costs imposed by a service provider on its clients for the services offered.