Porter’s Diamond Model Realisation in the Specific Fields

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Table of Contents

Introduction
Dress Shoe Company
Flat Screen Television Production
Pharmaceutical Medicine Production

Introduction

In looking for the country that is best suited in manufacturing specific items that are laid out, we are going to use certain criteria known as the Porter’s Diamond Model to help us. The model that we intend to use will give a clearer idea for a manager to quickly establish his company in the market in the following fields: Dress Shoes Manufacturing, Flat Screen Production, and finally, Pharmaceutical Production. The model will give us to look into the certain aspect that will give the company strength in venturing into these fields and these aspects include chance, competitive nature of the market, demand in the market, government policy, related industry in the area, and finally, the factor conditions.

Dress Shoe Company

Shoes can be made by virtually anyone skilled in this area: Whether it will be a big company or a cobbler who works on his own. One of the main things that will give a company the upper hand is the factor condition. In other words, the amount of skill, the creativity of the handwork, and creativity in marketing will give one the upper hand against potential competitors. Demand for style is also a factor. Developed countries in fashion as France and Italy have a high demand for elegance. The chance factor, therefore, works well for these countries. Government policy remains relatively fair for most countries as far as shoe manufacturing is concerned.

Flat Screen Television Production

Unlike the shoe company, flat-screen TV production is highly dependant on technological influence. The knowledge and capital resource of companies in countries like Singapore, Malaysia, Germany, and Japan on the technological advancement of the microchip give them high levels of competition against other countries. The market is higher for developed countries thus will affect the place of manufacturing. Another factor that will make a company interesting is the presence of related industries there. Countries like Singapore have silicon technology manufacturers present thus will be of handy in venturing into this area.

Pharmaceutical Medicine Production

One of the biggest challenges for this industry is that one cannot freely produce any type of drug in excess. Demand has to be the focus. A balance between factor conditions like technological resources, those countries like the USA offer, and the presence of an extensive market of demand, like in Sub Saharan Africa have to be struck. Government policies in many countries highly affect production in that a lot of checks up by most governments has to be done to advance with this market. Good transportation can compensate for the demand issue leaving the USA to be one the top producers, due to the availability of the resource in terms of finance and knowledge, and infrastructure.

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Porter’s Diamond Model Realisation in the Specific Fields

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