100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Module 05: Critical Thinking $10.89
Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of Sussex (UoS)
  4.  
  5. University Of Sussex
  6.  
  7. Business Management

Essay

Module 05: Critical Thinking
 0 purchase
  • Course
  • Business Management
  • Institution
  • University Of Sussex (UoS)
  • Book
  • Critical Thinking

Module 05: Critical Thinking Critical Thinking Assignment (100 points) Explain how nations can enhance their competitive advantage. What are the determinants of national competitiveness? Provide at least one example of a country with successful national industrial policies. Your well-written paper ...

[Show more]

Preview 2 out of 7  pages

Document information

  • March 10, 2021
  • 7
  • 2019/2020
  • Essay
  • Unknown
  • A+

Subjects

  • essay
  • module 05 critical thinking
  • national competitive advantage

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

Written for

  • University of Sussex (UoS)
  • University of Sussex
  • Business Management
All documents for this subject (1)

Seller

avatar-seller
Gulfessaysolutions

Content preview

Running head: NATIONAL COMPETITIVE ADVANTAGE 1




National Competitive Advantage

Student’s Name

Institutional Affiliation

, NATIONAL COMPETITIVE ADVANTAGE 2


National Competitive Advantage

Different experts have emerged to evaluate the concept of competitive advantage of

nations in the global market structure. However, the complexity of its definition has resulted in

the creation of different definitions of the term. Some have revealed its correlation to

productivity and lower labor costs in an organization. Other experts such as Michael Porter have

related national competitiveness to the ability of a country to increase its innovation in

comparison with its national competitors. One common conclusion is that all the definitions

associate competitive advantage of a country with its consequent success stories within and

beyond its current boundaries (Luthans, 2017). These advantages have resulted in the creation of

developed developing and super-industries countries in the world. Experts believe that a country

does not gain an advantage due to its natural location but due to its earned characteristics. Hence,

it is important to address how nations gain competitive advantage through the presence of

determinants and to provide real-life examples of successful countries that have implemented

industrial policies.

Experts have revealed that countries gain competitive advantages through the

manipulation of various key determinants present in the external markets. Michael Porter created

the diamond model that helped the country redefine their competitiveness based on four key

determinants around their local industries. Michael argued that countries manage to gain an

advantage based on their level of innovation in different industries (Porter, 1990). Innovation

focuses on aspects such as production strategies that incorporate new technologies to improve

the quality of the output products. A country tends to lag due to its inability to compete

effectively in the level of innovation done by its competitors. Consumers tend to demand new

products from their providers to remain relevant in the changing industries. For instance,

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Gulfessaysolutions. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.89. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.89
  • (0)
Add to cart
Added