TMA02 B300 Part 2 Policy issues Essay Example | Topics and Well Written Essays - 2000 words

TMA02 B300 Part 2 Policy issues - canvass ExampleThe Diamond Model consists of four attributes which are interlinked and interrelated with each other. These four attributes must be present in order to ensure rapid growth and development in the industrial sector. porters beer stated that national competitive advantage is establish upon the application of smart and prudent strategies. Flexible, agile, and reliable politics policies leave assist in the creation of advanced industries. Other variables like productivity, quality, knowledge base, innovation, and creativity were determine as enhancing the competitive edge of nations. This research paper will explain the four attributes of the Diamond Model. It will analyze the impact of four attributes on national policy.Previous theories related to industrial development and proceeds focused on the availability of human and material resources. However these theories were considered to be flawed because of their linear and simple lin e of reasoning. Most developing countries have abundant material and human resources, yet they have failed to make better economic standards of living. doorman sought to address these concerns by proposing the theory of competitive advantage. National strategy is based upon the application of smart and prudent methods. Governments should have clear and precise goals which encourage investment and business growth. Porter argued that labor intensive industries lead to the production of low level products and services (Suneja, 2002 Pg 113). Competitive advantage helps in knowledge acquisition, quality, innovation, and productivity. It creates highly efficient and effective industries that can eventually target the international market.Porter anticipate that competitive advantage occurs in a systematic and methodical manner. An organization focuses on a angiotensin converting enzyme process or attribute in order to develop its capabilities. The systematic