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Diamond Model Determinants Quiz

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Questions and Answers

How does government influence national competitiveness according to Porter?

By promoting monopolies within the country

By directly controlling the competitiveness of firms and industries

By their actions and policies to increase the competitiveness of firms and industries (correct)

By investing in international markets

What are the dimensions of the diamond model according to Porter?

Logistics, Production, Marketing, Services

Government, Chance, Cost Advantage, Quality Advantage

Main Activities, Support Activities, Firm Infrastructure, HR Management (correct)

Cost Advantage, Quality Advantage, Stock Supply, Technological Development

What role does chance play in national competitiveness according to Porter?

Chance only affects individual firms, not entire nations

Chance primarily benefits developed countries

Taking opportunities of chances open to them makes countries and companies more competitive (correct)

Chance has no role in national competitiveness

Which of the following is part of Porter's competitive advantage chain value?

Logistics Signup and view all the answers

What did Porter envision the diamond model to contribute to?

National competitive advantage Signup and view all the answers

According to Porter, how do the dimensions of the diamond model contribute to national competitive advantage?

These dimensions cooperate with each other and help in increasing the competitiveness not only of organizations, but of nations. Signup and view all the answers

Aside from the four determinants, what did Porter note as playing a part in the national competitiveness of industries?

Porter noted that government and chance play a part in the national competitiveness of industries. Signup and view all the answers

What role can governments play in increasing the competitiveness of firms and industries, according to Porter?

Governments can, by their actions and policies, increase the competitiveness of firms and occasionally entire industries. Signup and view all the answers

What is depicted in figure 3.2 below according to the text?

Figure 3.2 below shows Porter's competitive advantage chain value. Signup and view all the answers

What are the main activities that contribute to cost advantage in Porter's competitive advantage chain value?

Logistics, Production, Marketing, and Services. Signup and view all the answers