Compose a 1500 words assignment on economic, political and cultural factors important for comfortable managing business. Needs to be plagiarism free!
Compose a 1500 words assignment on economic, political and cultural factors important for comfortable managing business. Needs to be plagiarism free! Porter’s Diamond model assists in analyzing and improving a country’s position in an internationally competitive field. It demonstrates that nations can be competitive regardless of factors like natural possessions such as land and other resources. According to (Botten, 2007), the government has a role of encouraging and pushing organizations to the most competitive levels so as to increase performance and eventually help realize a total joint benefit. Mann’s SPT model only talks of developing the triangles used in profiling countries and organizations, as depicted in by Clarence Mann when the author talks about ways of managing risks in a country using social process triangle.
Porter’s Diamond model highlights major points in managing risks in a country. The points outlined here major on. foreign direct investment, government, multinational enterprises, and the Double diamond. Foreign Direct Investment tends to focus within a particular continental area. According to Porter’s model, outward FDI (Foreign Direct Investment) is very valuable in generating competitive advantage as opposed to inward FDI which is termed entirely unhealthy. (Norton, 2009) points out that comparative disadvantage results from foreign subsidiaries being only importers, one of the reasons that have ultimately influenced India’s Coca-cola import and export economy. FDI’s statements have been questionable but results from research and development carried out by foreign-owned firms indicate that the big 20 U.