Competitive Advantage of Nations.pptVIP

World Trade World trade refers to the flow of goods and services among different countries - the value of all the exports and imports of the world’s nations Trade Balance Almost 25% world trade is non-cash based Competitive Advantage of Nations Michael Porter* describes four keys to a nation’s competitive advantage relative to other countries Demand conditions Related and supporting industries Factor conditions Company strategy, structure, rivalry * Often referred to as “Porter’s Diamond” Competitive Advantage for Companies Organizations that are successful in highly competitive home markets