Michael E Porter's Diamond Model explains The Competitive Advantage of Nations

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

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