In this episode of “IN Practice Podcast” we will discuss how companies are constantly seeking ways to gain a competitive advantage in today’s globalized economy. One theory that has gained popularity is Michael Porter’s competitive advantage of nations, also known as the diamond framework. The diamond framework identifies four key factors contributing to a nation’s competitive advantage: factor conditions; related and supporting industries; firm strategy; structure and rivalry; and demand conditions. These factors work together to create an environment that fosters innovation, productivity, and competitiveness.
ABOUT IN PRACTICE
“IN Practice” is a podcast that combines practical management concepts, best practices, and advice from the business world to help you become better at analyzing issues, seizing opportunities, mastering decision-making and delivering change. Every episode is filled with advice you can practice in your workplace.
The host, Loay Dirar, educates, writes, and advises on strategy development and implementation, as well as change management and risk management for major regional organizations in the Middle East and North Africa. He has 20 years of management experience, including ten years as a manager in multinational subsidiaries of organizations based in the Middle East and North Africa (MENA).
