P3 Sample Video Porter's Diamond

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I thanks to take the time to

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join me for this short webcast

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for P three to six months the Arab chosen for this is

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porters diamond because I think it's quite a good want to salute introduce

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you to the subject

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you know what we could be aware about aware of the

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in relation to p3 is that what are the big areas is

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how the them individual and steal the business

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cities views itself in relation to its environment and how it interacts with it

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large element up p3 is about

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a strategy obviously and in effect if you were thinking about

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cities running an entity 16 you'd have to do to gauge what your strategy should

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be

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is to suppress what's going on in the environment what's happening in the

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environment what happened with your cum

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competitors am now what are the areas that

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um Porter who's been quite busy over the years

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you would have heard of them before I'm sure when the air is that he looked at

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was

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what we call orders diamond you know and

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in effect we said what he said was that their

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are reasons or factors

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am that result in particular countries

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being very very good in particular industries you know so

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a an example the next slide is it Germany

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common fascist so what he's saying is that's

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he's established a series of factors so for example

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up demand conditions to demand conditions a key element with importers

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times

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and for the German car manufacturer

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for example German industry he saying that to

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the sophistication up the German

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customers really drove of over the years the quality

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required in the product um and

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in effect if you couple that in with for example a

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factor conditions he saying that to you know they said

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natural resources within Germany going back sometime

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hmmm so sent themselves towards the development

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of these types of industries I'm

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in addition related in supporting industries so we're talking about

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clusters there you know clusters about

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a.m. up suppliers so in effect what he's saying is that

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set two factors come Bahrain yell to for force

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up standard the product and really that that is the reason

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why particular countries have

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'em competitive advantage relative to

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'em other countries so you know the example just gave you there

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you know Germany there's just two examples for you too

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comment fractures you know so he saying that all those factors

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over a period of a hundred years whatever have

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a have impacted upon the quality

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old the german car industry and indeed the quality of the cars and that's what

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makes them

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so competitive worldwide now okay

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so in terms of peace three and what you need to do

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um really we've got a certain amount of knowledge

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to learn you know Porter's diamond is a classic scenario

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got four elements we really need to know those four elements know what they me

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but over the boat that the way that you going to get a house mp3

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is really to line that knowledge to given scenarios that you provide with

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exile so supporters diamond you know

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wrote learn yes but we've got to be able to apply

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concerning my experience dealing with students across some

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all subjects is that you know the extent to which you make

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question practice a key part of your up study activities

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a.m. you will simply get better at answering

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questions on the day so with p3 my suggestion is

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that you get through the reading element up the

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text as quickly as possible and with something like Porter's diamond

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you know learn the core elements learn those four elements

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under just look out for questions within your

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studies text or your exam kit on this area

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just take its a step back sometimes and see how the diamond applies in

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that particular scenario the more that you see at the really the better that

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you get

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I developing the skills necessary to

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answer questions that relate to tactical models like the diamond

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porter's Five Forces okay so listen thanks for listening to this sir

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very very short webcast I hope it was a helpful in some way

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and and good luck with your studies