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I want a specific example of this . 3. Be prepared to apply the four factors of worldwide competitive advantage (factor conditions, related industries, etc.).
I want a specific example of this . 3. Be prepared to apply the four factors of worldwide competitive advantage (factor conditions, related industries, etc.). P178 need example Factor conditions, these are factors of production, such as a skilled labor pool, resources etc. a nation must not rely only on its existing resources bus must actively create and nourish applicable factors of production to be successful. Disadvantage: may force a company to innovate to compensate disadvantage. * Demand conditions in the home market, a company is more competitive if the home market is especially demanding or competitive. Environmental circumstances in the home market may force innovation. Also, home market trends or concerns may indicate trends that will emerge in foreign markets * Related and supporting industries. An organization is more competitive if there are strong suppliers and related industries that create an infrastructure. Information and technical support speed up innovation. The suppliers should be global competitors themselves Firm strategy, structure, and rivalry. A firm will be erroneously preoccupied with short-term profits if capital moves to frequently in the home market. Firm organizational structures should match the products manufactured. Strong rivalry in home markets can even stimulate competitive advantage
I want a specific example of this .
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