In class, we considered various factors relevant to Porter's model of national competitive advantage. We considered the situation in Japan, which has responded to a lack of raw materials with miniaturizations, Just-in-time inventory delivery, and zero-defect manufacturing. Which of Porter's factor does this demonstrate?

Question

Mollie Mcpherson

Business

28 July, 14:28

In class, we considered various factors relevant to Porter's model of national competitive advantage. We considered the situation in Japan, which has responded to a lack of raw materials with miniaturizations, Just-in-time inventory delivery, and zero-defect manufacturing. Which of Porter's factor does this demonstrate?

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Answers (1)

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Cassidy Escobar · Answer 1

Factor Conditions

Explanation:

Factor Conditions -

This is the condition, which refers to the availability of human resources, the capital and the natural resources, are the factor condition.

The example for Natural resource, is Saudi Arabia, being extremely rich in oil, and is the largest exported of oil to various countries.

Human resources, refers to availability of knowledge and skilled labor.

According to porter, these factors need to be upgraded from time to time, to deal with the competition of the growing world.