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:

Accurate

A term describing the closeness of a measurement to the true value or the degree of accuracy of a measurement or process.

Sample Estimates

Statistical values calculated from a sample that estimate corresponding parameters in the population from which the sample is drawn.

Observational Study

A study where the researcher observes and records behavior or outcomes without actively manipulating variables or conditions.

Smoking

The act of inhaling and exhaling the smoke of tobacco or a drug, which has significant health impacts, including increased risk of various diseases.