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Question: Using Michael Porter's Diamond Model of National Advantage, perform a critical analysis of Narendra Modi's Make in India industrial policy. Is Make in India
Question: Using Michael Porter's Diamond Model of National Advantage, perform a critical analysis of Narendra Modi's "Make in India" industrial policy. Is "Make in India" responsive to India's competitive advantages (and disadvantages)? Why or why not?
For your reference, here is information regarding what Porter's Diamond Model of National Advantage is:
The Diamond of National Advantage
Why are certain companies based in certain nations capable of consistent innovation? Why do they ruthlessly pursue improvements, seeking an ever more sophisticated source of competitive advantage? Why are they able to overcome the substantial barriers to change and innovation that so often accompany success?
The answer lies in four broad attributes of a nation, attributes that individually and as a system constitute the diamond of national advantage, the playing field that each nation establishes and operates for its industries. These attributes are.
1. Factor Conditions. The nations position in factors of production, such as skilled labor or infrastructure, necessary to compete in a given industry.
2. Demand Conditions. The nature of home-market demand for the industrys product or service.
3. Related and Supporting Industries. The presence or absence in the nation of supplier industries and other related industries that are internationally competitive.
4. Firm Strategy, Structure, and Rivalry. The conditions in the nation governing how companies are created, organized, and managed, as well as the nature of domestic rivalry.
These determinants create the national environment in which companies are born and learn how to compete. Each point on the diamondand the diamond as a systemaffects essential ingredients for achieving international competitive success: the availability of resources and skills necessary for competitive advantage in an industry; the information that shapes the opportunities that companies perceive and the directions in which they deploy their resources and skills; the goals of the owners, managers, and individuals in companies; and most important, the pressures on companies to invest and innovate.
Question: Using Michael Porter's Diamond Model of National Advantage, perform a critical analysis of Narendra Modi's "Make in India" industrial policy. Is "Make in India" responsive to India's competitive advantages (and disadvantages)? Why or why not?
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