Overall, what does the article by Michael Porter (‘The competitive advantage of nations’, in De Wit & Meyer, 2010, Reading 10.3) suggest?
A company is more likely to be successful, in global competition, if it has strong competition at home
It is important to choose an industry where there is little competition
Competition, in the home market, will often distract a firm from global competition
Factor conditions, rather than demand conditions, are the most important contributor to international competitiveness.
Which of the following statements is true, according to Porter (‘The competitive advantage of nations’, in De Wit & Meyer, 2010, Reading 10.3)?
Firms in dynamic environments will often lose out to those from stable environments
Employees should be treated like any other resource: they are easy to acquire when needed
Obedient customers are not a source of competitive advantage
Dynamism in the home market will ultimately sap a firm’s resources.
What does Porter (in ‘The competitive advantage of nations’, in De Wit & Meyer, 2010, Reading 10.3) say about diversification?
Wide spread diversification is rare among industry leaders
Diversification, through acquisition, is a better source of competitive advantage, than through internal diversification
Alliances are a more cautious, and successful, way in to diversification
Unrelated diversification is an important source of innovation.
Porter’s article (‘The competitive advantage of nations’, in De Wit & Meyer, 2010, Reading 10.3), would be supported most by which author(s)?
Porter (1985), in ‘Competitive strategy’
Levitt (1983), in ‘The globalization of markets’
Johnson (1988), in ‘Rethinking incrementalism’
Douglas and Wind (1987), in ‘The myth of globalization’.
According to Porter (‘The competitive advantage of nations’, in De Wit & Meyer, 2010, Reading 10.3), when analyzing industries, in order to determine what nation could be a favorable home base to position itself in, what question should managers ask, when considering firm structure and strategy?
Does the style of management, and prevailing type of organizational structures in the nation, match industry needs?
Do investor’s goals fit the competitive needs of the industry?
Are the distribution channels in the nation sophisticated?
Does the nation have particularly advanced, or appropriate, factors of production?
Which of the following statements is true according to Porter (‘The competitive advantage of nations’, in De Wit & Meyer, 2010, Reading 10.3)?
A company should, firstly, encourage regular relationships with international buyers and suppliers
Alliances are the best mechanisms by which a firm can seek to tap national advantages in other nations
A company should be independent of other firms for skills and assets, which are central to its competitive advantage
A company’s local buyers and suppliers cannot ultimately sustain competitive advantage, unless they compete globally.