Podcast
Questions and Answers
How does government influence national competitiveness according to Porter?
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?
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?
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?
Which of the following is part of Porter's competitive advantage chain value?
What did Porter envision the diamond model to contribute to?
What did Porter envision the diamond model to contribute to?
According to Porter, how do the dimensions of the diamond model contribute to national competitive advantage?
According to Porter, how do the dimensions of the diamond model contribute to national competitive advantage?
Aside from the four determinants, what did Porter note as playing a part in the national competitiveness of industries?
Aside from the four determinants, what did Porter note as playing a part in the national competitiveness of industries?
What role can governments play in increasing the competitiveness of firms and industries, according to Porter?
What role can governments play in increasing the competitiveness of firms and industries, according to Porter?
What is depicted in figure 3.2 below according to the text?
What is depicted in figure 3.2 below according to the text?
What are the main activities that contribute to cost advantage in Porter's competitive advantage chain value?
What are the main activities that contribute to cost advantage in Porter's competitive advantage chain value?
