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Hello
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?
ThanksNo difference between home and domestic market.
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.
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