This essay focuses on the Porter Diamond Theory of National Advantage.You will address how countries can effectively exploit its national factors. Be sure that you accurately answer the following questions in your analysis: 1. What is national competitive advantage? 2.
Porter Diamond Theory of National Advantage. This week you will explain the Porter Diamond Theory of National Advantage. You will address how countries can effectively exploit its national factors. Be sure that you accurately answer the following questions in your analysis: 1. What is national competitive advantage? 2. Using Porter’s Diamond, describe the determinants of national competitive advantage. 3. Apply Porter’s Diamond to explain how one country has implement successful national industrial policies to build the competitiveness of a particular industry.
A theory is a rational type of abstract thinking about a phenomenon, or the results of such thinking. The process of contemplative and rational thinking often is associated with such processes like observational study, research. Theories may either be scientific or other than scientific (or scientific to less extent). Depending on the context, the results might, for example, include generalize explanations of how nature works. The word has its roots in ancient Greek, but in modern use it has taken on several relate meanings.
, a well-confirmed type of explanation of nature, in a way consistent with scientific method, and fulfilling the criteria require by modern science. Such theories are describe in such a way that scientific tests should be able to provide empirical support for it, or empirical contradiction (“falsify“) of it. Scientific theories are the most reliable, rigorous, and comprehensive form of scientific knowledge, in contrast to more common uses of the word “theory” that imply that something is unproven or speculative (which in formal terms is better characterized by the word hypothesis). Scientific theories are distinguish from hypotheses, which are individual empirically testable conjectures, and from scientific laws, which are descriptive accounts of the way nature behaves under certain conditions.
, and are neutral concerning alternatives among values.:131 A theory can be a body of knowledge, which may or may not be associated with particular explanatory models. To theorize is to develop this body of knowledge.:46
The word theory or “in theory” is sometimes used erroneously by people to explain something which they individually did not experience or test before. In those instances, semantically, it is being substitute for another concept, a hypothesis. Instead of using the word “hypothetically”, it is replace by a phrase: “in theory”.
it “just a theory” (implying that the idea has not even been test). Hence, that word “theory” is very often contrast to “practice” (from Greek praxis, πρᾶξις) a Greek term for doing, which is oppose to theory. A “classical example” of the distinction between “theoretical” and “practical” uses the discipline of medicine: medical theory involves trying to understand the causes and nature of health and sickness, while the practical side of medicine is trying to make people healthy.