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Michael E Porters “The Diamond Model” was published in 1990 in his book ”The Competitive Advantage of Nations”. It’s a model that can help us understand why a nation becomes the home base for successful international competitors in a particular industry and other nations don’t. He argues, that the old theories – made by Adam Smith and David Ricardo – are not sufficient to explain competitiveness between technology advantage nations of today. Section 0:00 Introduction of the author and the purpose of the model 0:39 The models four broad determinants plus two influencing determinants 1:36 1. Determinant - Factor conditions with example 3:43 2. Determinant - Demand conditions with example 5:42 3. Determinant - Related and supporting industries with example 6:56 4. Determinant - Firm strategy, structure, and rivalry with example 8:26 Determinant - Governmental policy - influence on the four broad determinants 11:37 Determinant - Chance - outside control 13:03 An example - The German automobil industry 13:26 The German automobil industry - Factor conditions 15:04 The German automobil industry - Demand conditions 16:06 The German automobil industry - Related and supporting industries 17:20 The German automobil industry - Firm strategy, structure, and rivalry 18:38 The German automobil industry - Chance and Government 19:30 Criticism of the model Download the model (PowerPoint) from our website: https://flixabout.com/porters-diamond... You might benefit from: Michael Porters five forces • Porter's five forces identifies five ... Michael Porters value chain • Michael E. Porter's Value Chain model... Michael Porters generic strategies • Porters generic strategies is about h... Our Youtube channel / flixaboutcom Our homepage www.flixabout.com