Analysis Of Michael Porter s Diamond Companies The Way A...

Nowadays, competition in anywhere is about the international affairs. In order to keep country’s own competitive advantage, it’s necessary to make national strategies to sustain this advantage and be an attractive market for international competing. Michael Porter’s diamond states the way a country gains and sustains its own competitive advantage through dealing with the disadvantage to push itself innovating and learning from it. Although this model clearly explains how one factor is related to another, which country or company could respond it quickly to innovate and upgrade its competitive advantage, it is obvious that all factors in this model are only considered within the domestic situation, and it doesn’t take the multinational activities into account. Since the multinational activities have already been in an important role from the very beginning of this world and it’s improper to exclude it when we are talking about the country’s competitive advantages. When a country decides to open its market and expand it into an international position, this home-based diamond model couldn’t explain the success of the industry depended on export or resources-based. In another perspective, this model is not applied to developing countries. In the reading, the author take Japan as an example saying that they were forced to develop the skills and technologies to ensure that they can make fully use of the scarce resources due to the lack of resources in this country. On theShow MoreRelatedIntroduction to BioCryst Pharmaceuticals6502 Words   |  26 Pages and viral infections. The company is based in Durham, North Carolina. Its best selling line is Peramivir, a drug that is used to treat a drug resistant form of Influenza A subtype H1N1Virus. US sales are strong, but the company now wishes to enter into the global market. 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