Discuss how demand conditions within Porter's diamond framework affect national competitive advantage.
What will be an ideal response?
Demand conditions are the specific characteristics of demand in a firm's domestic market. A home market made up of sophisticated customers who hold companies to a high standard of value creation, where cost containment contributes to national competitive advantage.
Moreover, demanding customers may also clue firms in to the latest developments in specific fields and may push firms to move research from basic findings to commercial applications for the marketplace.
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A supporting compensation approach for an innovator:
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