Question

In class, we considered various factors relevant to Porter's model of national competitive advantage. We considered the situation in Japan, which has responded to a lack of raw materials with miniaturizations, Just-in-time inventory delivery, and zero-defect manufacturing. Which of Porter's factor does this demonstrate?

Answer 1

Factor Conditions

Step-by-step explanation:

Factor Conditions -

This is the condition , which refers to the availability of human resources , the capital and the natural resources , are the factor condition .

The example for Natural resource , is Saudi Arabia , being extremely rich in oil , and is the largest exported of oil to various countries .

Human resources , refers to availability of knowledge and skilled labor .

According to porter , these factors need to be upgraded from time to time , to deal with the competition of the growing world .