It's amazing how you can describe this in 10 minutes but it takes my university lecturer 90 minutes.

I've always found Porter's models interesting and this video does a fantastic job of explaining the diamond model. Specifically, within the demand conditions, the thorough explanation of the early-warning indicators was very helpful and very important in my opinion.

I enjoyed learning about this model which explains how some countries see more success than others in certain areas. Something I had never thought about previously is the effects of chance on the model. The location of countries could significantly impact competitive advantages if they are more prone to natural disasters than others.

Prior to this video I had heard some professors briefly talk about this theory, but I never understood its actual function or meaning. This video explains in depth all the components of this theory.

I liked that the video goes in-depth about the model. Before this video, I had barely heard of the model. I liked that the video explained the model in a simple and informative manner. I also liked that the video both broke down each aspect of the model and then summarized it at the end.

Wow!! That's the most elaborate explanation of Porter's Diamond theory I have come across on KZread. I admire the way it is explained with the use of examples. Thank you for this brilliant video lecture.

I knew from taking previous econ classes about absolute advantage/comparative advantage, and knew that on some level there was more to the real life equation than just whole can make the most of a product or who can make the most more efficiently. This was an interesting topic that gave me a deeper understanding of looking at economic advantages that are not only manufacturing advantages.

Great video! I think with online learning there is sometimes a lack of real-world examples. Seeing Porter Diamond Theory explained using real-world examples made it easier to understand. Also, I enjoy how you went step by step and still summarized it at the end.

I found this theory very interesting. It's very intuitive and explains so much about how some countries are just better suited for certain success than others.

Thank you for a succinct description of Porter's international competitiveness theory. I read the book a few years ago and took a lot of notes. It's interesting. I thought his descriptions on Japan were really interesting. The Machine that Changed the World is also fascinating on how Toyota came to dominate the auto industry. I appreciate your graphics and your contemporary examples. God bless you.

This topic could be very difficult to explain because there are so my factors. Great job explaining it in a way that someone who has never heard of it has a good idea of the Porter Diamond Theory!

From taking economics in the past I have learned about absolute and comparative advantage but I have not heard of the Porter diamond theory of national advantage until this course. I think this helps explain how countries can gain comparative and absolute advantages though the four factors discussed in the video.

I really enjoyed this video about Porter's Diamond Model. It's been one of my favorite theories to learn about. This video explained it well and talks about all the different characteristics about the theory and what works for different countries.

This video provided an excellent description on how the Porter Diamond Theory works!

This video was very informative! It's interesting to see how characteristics of each country's strcture like Hierarchy or more flat and understanding this diamond model deeply will be great advantage if I ever start my own business in the future!

Thank you for such a clear explanation of the topic in such an esthetic form!

Coming into this, I had only a rough understanding of comparative advantage. I now have the knowledge to reference them in conversation!

Great video between theory and reality !

Very informative! Such an easy explanation for Porter's Diamond Theory. Every other video I watch on this subject and confusing. Thanks for making it easy to understand.

This video has been helpful with my assignments! I now know industrial production does not take place in isolation and why one country would be more succesful than the other.

love your channel, the quality of the content is simply supreme

The Porter Diamond Theory offers business a foundation to analyze their competitors in the marketplace and potentially outmaneuver them. A factor that was interesting to me was the firm strategy and how certain managements practices were used for certain markets.

Easy to understand with infographic and narrator..good job!

Location is such a big advantage reguardless of being a landmass, or just buying a corner for your buisness at an intersection. This is a very good model that explains these concepts well.

Great video - truely a thumbs up. Well structured, explained - and great examples!

Thank you so much. You made the topic so easy to grasp and interesting. 🤩👍🏽

While there are certain areas that would most benefit from their geographical location, modern day technology lets anyone become successful no matter their location. Once when you could only make a living off good land and outdoor work. Thanks to these advanced factors, we now have ways to work that will not depend on how much rain our area received but rather how smart we are and the amount of effort we put in our work. These changes have only happened in the last 100 years so I am excited to see what is to come next for our world.

I never thought about how each country has a competitive advantage due to the way their government is run; the way of living in the country; the morals; and the values. Countries perform some sectors with more efficiency than others and therefore specialize in those sectors to master and fully maximize their advantages in the global marketplace.

I'm an international business university student and I'm now having my exam session and I've been watching your explanatory videos for quite some time and I would like to thank you for making these videos. It really really helps a lot.

@BusinessSchool101

2 жыл бұрын

Glad it helps, good luck for your exam.

@maranitateo

2 жыл бұрын

@@BusinessSchool101 thank you :)

@maranitateo

2 жыл бұрын

@@BusinessSchool101 Just an update: I got the highest grade and the professor said the best work was mine. I thought to share it because you helped me. Thank you

The most important factor is the demand factor. Demands create opportunities for the supply side.

I thought it was interesting that chance was included in this model because you don't see that factored in often. Businesses can either thrive or shut down based off of different unforseen circumstances.

Quite informative

It is interesting to analyze why certain companies operate in the nations they do. For example, China was the first and is still the greatest producer of silk because they have the silkworms and the knowledge to make the silk. Silicon Valley gets its name from the large number of companies that produce silicon chips. The related and supporting companies in Silicon Valley are what makes this area globally competitive in its field.

Very helpful!

well explain

Porter is genius.

How does change have a positive impact

Mine was the 101st like :)

This video was very good, and it helped me to better understand five different aspects of the five porter’s conditions. I like that this video helped understand what was being taught. “Izayah Mayfield” mana- 3312

Porters 5 forces

Great video,the Porters inclusion,inclusion I watched poor hygienic environment in the industry.