Business
| Type | Citation | Sources | Views | Words | Pages | Essay # |
|---|---|---|---|---|---|---|
| Term Paper | APA | 1 | 62 | 903 | 2 | 93560665 |
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Excerpt from Term Paper:
......Flaws in the procedural design
Starting with the concept of the home base nation and its critical measure of competitiveness being productivity, Porter oversimplifies and obfuscates the true measure of a nations competitiveness by creating just a single dimension on which a nation evaluates its competitiveness. As many critics have pointed out, a multinational corporation with operating subsidiaries and reach into literally over 100 nations like General Electric drives up productivity in subsidiary nations, like Singapore for example yet does not necessarily translate this into a higher standard of living for Americans. This dichotomy that others point out show that home base productivity is irrelevant to global strength. It is actually the ability of multinational corporations, through a mix of the Porter diamond attributes in addition to tight integration with local, state, and federal or in the case of other nations, their ministries of trade that encompass an entire nations trade policies that matter most
Analysis of the data
Porters discussion of strategies fails capture the highly specific responses needed from home base countries multinationals to expand into other nations with cultures highly dissimilar to ones own. In the Competitive Advantage of Nations, Porter assumes a cultural homogeneity and likeness
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