Answered: local firms to become global…

Business

Management

local firms to become global competitors

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

According to Porter's, there are four aspect in a country that can facilitate local firms to become global competitors. Identify them and explain how they can help local firms to become dominant in the global market. (factor endowments, demand conditions, related and supporting industries, and firm strategy structure and rivalry)

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Step 1 The global presence of a country may depend on its underlying operations.

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