This keyword is Porter's Diamond Model. The Porter's Diamond Model is an economic theory that explains how an industry's competitive advantages are created from within its borders. It explains why some industries and countries are more successful than others. It is based on four key factors: factor endowments, such as natural resources or technology; demand conditions, including the preference of buyers; firm strategies, structure, and rivalry; and related and supporting industries within the country. This model is used by management to analyze how countries, regions and industries can expand their competitiveness. It can also be used to determine which industries can benefit the most from different strategies.
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