After doing some research on Porters Diamond of National Adv

After doing some research on Porter’s Diamond of National Advantage, apply the diamond to an organization and an international market where the organization currently does business. Apply all four factors of the diamond to the organization and market. You may need to do research on the company and its operations in the international market as well.

Solution

The porter diamond analysis explains the nature of competitiveness in the particular industry, it helps in analyzing the different factors which helps in building the strengths of the particular business and emulsify the competitive strength of any business or industry. The four factors of the diamond analysis can be applied to the telecommunication industry as follows:

·         Factor conditions are classified as the man power and human capital possessing knowledge, capital and infrastructure. The specific resources common for the telecommunication industry are the man power in the form of specialized technical and knowledge of innovativeness. The technological and innovativeness of the industry are the major specialized resources.

·         Demand conditions in the telecommunication industry are the demand of the physical resources in the home market which can help the telecommunication industry in growing and flourishing.

·         Related and supporting industries are the industries which help the company to produce the inputs desired for the industry such as networking materials and others. Any impact on the same can impact the industry and can help in innovativeness and internationalization of the business.

Firm strategy, structure and rivalry is the fourth factor that is the determining factor for telecommunication. The company and other industries have specific goals which are important for the success of the business. The goals can be related to the industry such as marketing goals, pricing goals and others.