Porter's Diamond Template is an analytical tool used by management to assess and identify the strategies that lead to a company's competitive advantage. It takes into account factors in the company's internal and external environment including the firm's strategy, structure and rivalry. It helps to identify areas for potential improvement within the organization in terms of research & development, marketing, and production. By understanding the diamond model and its proposed four attributes of factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry, management can execute strategies to maximize their competitive advantage.
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