I am confused about Porter Diamond. Please explain to me what it mean by demand condition, supporting industries and firm structure , strategy and rivalry. What is the diff bet home market and domestic market? Thanks
Demand conditions = home demand. Companies start off supplying their home markets.
Supporting industries considers the network of suppliers etc. This will give the industry a strong base.
For firm strategy, structure and rivalry concentrate on rivalry. Companies only become good if they have rivalry/competition. This will ake them world class.