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Hi, need to submit a 2500 words essay on the topic Porters Management.Download file to see previous pages This essay stresses that the management styles or the fourth factor that was described by Port
Hi, need to submit a 2500 words essay on the topic Porters Management.Download file to see previous pages
This essay stresses that the management styles or the fourth factor that was described by Porter has become very blurred. A dynamic approach is required towards management of organization and it has become imperative to follow a management practice that is sustainable. It has been observed that shareholders have become very demanding and the excessive reliance of the business enterprises on the capital market have made it important for organizations to depend on information in a timely manner.
This paper makes a conclusion that the case of national competitive advantage over comparative advantage, an idea created by Porter has both been a source of debate and discussion. A discussion in this topic reveals that the traditional competitive model described by Porter using the developed countries can also be extended to certain other developing countries as well. The case of Ireland, India, Singapore, Korea and Saudi Arabia has revealed that Porter’s model of national competitive advantage is still relevant to explain competitiveness of these nations. All of these nations have developed their competitive advantage over time and provides a thriving climate both for domestic and international businesses. However, there are certain aspects of Porter’s model that is not relevant in present case. For instance, the management styles that have been described by Porter for specific countries are no longer valid in the present organizational structures. The financial crisis of 2008 has revealed that excessive speculation can be extremely dangerous.