Category: NTA NET

MCQ ON INTERNATIONAL BUSINESS

TORAN LAL VERMA

   1. Which of the following is not related to Porter’s Diamond Model Demand condition             Related and supporting industries Industry strategy, structure and rivalry Factor conditions Answer 3. Industry strategy, structure and rivalry 2 the support activities in Porter’s value chain are which of the following Infrastructure, HRM, procurement, sales and marketing Technology, infrastructure, operations, HRM Procurement, technology.HRM, infrastructure Read More …

BLUE OCEAN STRATEGY

TORAN LAL VERMA

W. Kim Chan and Renee Mauborgne in their book titled Blue Ocean Strategy in 2005  explained how a company can eliminate competition and create its own demand. In any in industry there is a cut throat competition, every firm is trying to capture a bigger market share. This Situation is RED OCEAN situation. A BLUE OCEAN situation is a situation Read More …

MICHEAL PORTER’S FIVE FORCE MODEL

TORAN LAL VERMA

In the year 1979, Famous strategy Guru Micheal Porter proposed a framework, popularly known as ‘Porter’s five force analysis’ to analyze the level of competition in an industry. Porter did not found effectiveness in  SWOT Analysis to assess overall opportunities and threats. Competition in any industry is affected by certain factors which determine the level of competition and the attractiveness Read More …

PORTER’S DIAMOND MODEL

TORAN LAL VERMA

Who is Micheal porter Micheal porter is a recognized authority on corporate strategy and economic competition , developed an economic model for businesses to help them understand their competitive position in global markets.  This model is also known as Porter’s diamond theory of national advantage.  the model helps to understand the competitive advantage nations or groups possess due to certain Read More …