n Ecuador, cut roses are one of the country’s leading exports. Prior to advancem
ID: 389635 • Letter: N
Question
n Ecuador, cut roses are one of the country’s leading exports. Prior to advancements in the air transportation industry, this would have been impossible as roses must be sold within three to five days once cut. Today Ecuador is one of the world’s top producers of roses and exports tally up to over $100 million.
In his book, The Competitive Advantage of Nations, Harvard business professor Michael Porter discusses the diamond of national competitive advantage. The diamond framework is a model used to determine if an industry within a nation has the right conditions to be competitive internationally.
For your assignment, you will write a two to three page paper analyzing and applying the four features of the diamond framework to the Ecuadorian rose industry.
Opening paragraph: Provide an introduction to the diamond of national competitive advantage and the Ecuadorian rose industry.
For each feature or condition of the diamond framework, identify and analyze two qualities necessary for the Ecuadorian rose industry to be competitive internationally. Then evaluate whether the Ecuadorian rose industry has met these standards or if there is room for improvement.
Factor conditions
Demand conditions
Related and supporting industries
Firm strategy, structure, and rivalry
Conclusion: Write a brief summary of your findings.
Explanation / Answer
Enlisted are the two qualities for each of the mentioned parameters which can act as a guidance to shape the final conclusion.
Please feel free to add/improve on the mentioned points and derive yout own conclusion.
Sl No Factors Quality 1 Quality 2 1 Factor Conditions Home Grown Resources - Rose production and rose culture is in plenty within the country Weather and Environmental conditions are very conducive to adopt a mass production of high quality roses 2 Demand Conditions Domestic Demand within the country has lead to surplus production of high quality roses. The production of high quality roses combined with expertise knowledge and improvement of the transportation sector of the country has led to the roses being exported all over the world, thus boosting the overall economy of the country 3 Related & Supporting Industries The fertilizers so used to produce high quality roses and the aviation industry has boomed to compliment the export of the roses. Interest of the local community has led to the knowledge percolation through generations combined with advancement in bio-science has propelled rose production 4 Firm Strategy, Structure & Rivalry Local producers are also growing in numbers Benefits from government backed programmes are made available to the busines.Related Questions
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