To Diagnose the Sources of Competitive Advantage, Domestic or International

question 9

Essay

To diagnose the sources of competitive advantage, domestic or international, Michael Porter divides the chain of activities performed by a firm into distinct groups. Describe Porter's value chain concept and explore its relevance to international strategy.

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Definitions:

Automatically Transfer

The process by which rights, property, or obligations are transferred from one party to another without the need for manual intervention or additional agreement.

Tract

A large area of land.

Minerals Below

Refers to subsurface rights pertaining to minerals like oil, gas, coal, and others that lie beneath the surface of a piece of land.

Public Nuisance

An act or condition that is harmful or annoying to the public in general, significantly interfering with the enjoyment of public rights.