Find great ways to use root vegetables of all sorts - potatoes, beets, carrots, turnips, rutabagas, and celery root. Find great ways to use root vegetables of all sorts - potatoes, beets, carrots, turnips, rutabagas, and celery root.
Tweet. Michael Porter developed three generic strategies, that a company could use to gain competitive advantage, back in 1980. These three are: cost leadership, differentiation and focus. Definition: Michael Porter developed three generic strategies, that a company could use to gain competitive advantage, back in 1980. These three are: cost leadership, differentiation and focus.
Porter's Diamond of National Advantage Classical theories of international trade propose that comparative advantage resides in the factor endowments that a country may be fortunate enough to inherit.Factor endowments include land, natural resources, labor, and the size of the local population. When the market for a particular product is larger locally than in foreign markets, the local firms devote more attention to that product than do foreign firms, leading to a competitive advantage when the local firms begin exporting the product. 2  A more demanding local market leads to national advantage.