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Most discussions of the competitive success of nations look at aggregate, economy-wide measures like the balance of trade. Michael Porter chose a different starting point,
Most discussions of the competitive success of nations look at aggregate, economy-wide measures like the balance of trade. Michael Porter chose a different starting point, beginning with individual industries and competitors and building up to the economy as a whole. Nations do not compete in the marketplacebusiness firms do, and the performance of individual companies in particular industries in where competitive advantage is either won or lost. The home nation influences the ability of its firms to succeed in particular industries, with the success or failure of thousands of struggles in many industries determining the state of a nation's economy and its ability to progress. Pick the following economies Japan and Kenya and, in addition to the KEY characteristics of the chosen economy's and the US economy, describe the implications of Porter's model
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