International Strategic Management 3-18-07

International Strategic Management 3-18-07 - Firm Strategy,...

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1 Global Competitive Advantage the sustained ability of particular industries within a country to dominate world markets through superior performance (Shanks, 1985) Related and Supporting Industries Firm Strategy, Structure and Rivalry Factor Conditions Demand Conditions Attributes of Competitive Advantage Factor Conditions factors of production are the input resources necessary for producing goods and services raw materials, labor, land, capital, physical and institutional infrastructure, technological advantage physical resources human resources finance capital Attributes of Competitive Advantage Demand Conditions nature of demand in home markets for the industry’s products or services Home demand serves as the stable base to establish businesses and hone the skills needed to suceed in foreign markets total demand rate of growth of demand distribution of demand Attributes of Competitive Advantage Related and Supporting Industries
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International Strategic Management 3-18-07 - Firm Strategy,...

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