Impact of Porter’s Diamond Model on the management of Apple

Running head: MANAGEMENT
Impact of Porter’s Diamond Model on the management of Apple
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MANAGEMENT
Table of contents
Article review.............................................................................................................................2
Impact of the Porter’s diamond model on the management of Apple.......................................2
Porter’s diamond model.............................................................................................................3
Factory endowments..............................................................................................................3
Demand Conditions................................................................................................................3
Related and Supporting Industries.........................................................................................4
Strategy, Structure, and Rivalry.............................................................................................4
Government and Chance........................................................................................................4
References..................................................................................................................................5

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MANAGEMENT
Article review
According to Porter, (2011), national prosperity is created on the basis of the efforts
put in by the economists. However, the phrase, “not inherited” can be contradicted, as if the
qualities are not inherited from the ancestors, the economists cannot exercise their talents in
the process of executing the activities according to the rules and regulations. Porter, (2011)
highlights the issue of competitiveness, which is dependent on the capacity of the industries
to bring innovation into the business dynamics, enhancing the standards and quality of the
products and services. Analysing the external environment helps companies like Apple to
assess their position in the competitive ambience of the market. Adhering to an integrated
process is assistance for Apple in terms of maintaining fairness in the competition with the
contemporary brands.
As per the arguments of Porter, (2011), implementing different strategies enable the
companies and industries like Apple to achieve higher competitive advantage. This is
according to the preservation of the traditionalism, which attains consistency. Within this,
main focus is on the approach towards innovation, which helps companies like Apple to gain
large scale customer satisfaction. Taking governmental assistance in innovating the products
and services is the keystone towards taking the standards of the business towards national
competitiveness.
Impact of the Porter’s diamond model on the
management of Apple
Political  High corporate taxation
 Political instabilities (hostility wuth
China)
Economic  Low manufacturing cost
 Increased labor costs
 High exchange rates
Social  Change in the consumer spending
style
 Preference for stylish gadgets