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Take one national industry of your choice. Can the Diamond Model Explain the international success or...

Take one national industry of your choice. Can the Diamond Model Explain the international success or lack of success of your industry?

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the diamond model explains why a particular nation is more competitive than another in a particular industry. For example a for car manufacturing industry Germany is said to be the base for home for car manufacturing companies. This is because as per the model suggests there are four determinants of success or failure for a particular nation in a specific industry. These are factor conditions. For the car manufacturing industry one has to see what are the factors that can bring success to the industry. Second is the demand factors. manufacturing alone cannot bring success if the that particular industry donot have the deemand for it. Third is the related and supporting industries. One industry alone cannot sustain if is doesnt have the supporting industries. Fourth is the firm structure, fitm strategy etc.

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