car industry in Australia

. summarize Porters Diamond theory and LINK it to the current situation for car industry in Australia, what happened ? why did they stop ?in 1500 words.Order Descriptionits a group report 4500 words about car industry in Australia. summarize Porters Diamond theory and LINK it to the current situation for car industry in Australia,what happened ? why did they stop ? in 1500 words.These points about Porters theory :> Michael Porter (1990) tried to explain why a nation achieves international success in a particular industry> identified four attributes that promote or impede the creation of competitive advantage> Factor endowments a nations position in factors of production necessary to compete in a given industry> can lead to competitive advantage> can be either basic (natural resources, climate, location) or advanced (skilled labor, infrastructure, technological know-how)> Demand conditions the nature of home demand for the industrys product or service.Click here to have a similar paper done for you by one of our writers within the set deadline at a discounted> influences the development of capabilities> sophisticated and demanding customers pressure firms to be competitive> Relating and supporting industries the presence or absence of supplier industries and related industries that are internationally competitive> can spill over and contribute to other industries> successful industries tend to be grouped in clusters in countries> Firm strategy, structure, and rivalry the conditions governing how companies are created, organized, and managed, and the nature of domestic rivalry> different management ideologies> vigorous domestic rivalry creates pressures to innovate, to improve quality, to reduce costs, and to invest in upgrading advanced features> Government policy can> affect demand through product standards> influence rivalry through regulation and antitrust laws> impact the availability of highly educated workers and advanced transportation infrastructure.> The four attributes, government policy, and chance work as a reinforcing system, complementing each other and in combination creating the conditions appropriate forcompetitive advantage> So far, Porters theory has not been sufficiently tested to know how well it holds up.Click here to have a similar paper done for you by one of our writers within the set deadline at a discounted

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