Analyse the case study with reference to Michael Porter’s Theory :: Business and Management Studies

Analyse the grapheme study with credit to Michael door guards Theory of Competitive proceeds and answer the following question Does America have competitive advantage in the textile and drape industry?Analyse the result study with reference to Michael Porters Theory ofCompetitive Advantage and answer the following questionDoes America have competitive advantage in the textile and garmentindustry?You answer must include the following elements1. A clear outline of Porters theory with supporting references. 20%2. An analysis of the teddy study with reference to the 4 main elements of Porters Diamond. (N.B. You will not be able to comment on company structure, as the case study does not include information on this. You should, however, refer to factor conditions, demand conditions, firm rivalry and related and supporting industries.) 40%3. An analysis of the case study with reference to Porters secondary points of chance and government actions. 20%4. Your conclusio n. 10 %The remaining 10 % will be for grammar, style, clarity, using the clear system of referencing (the Harvard System) etc.LiteratureMichael E. Porter. The Competitive Advantage of Nations.Does America have competitive advantage in the textile and garmentindustry?For a pastoral to have a competitive advantage, it is necessary tounderstand Michael Porters Theory of National Competitive Advantage.Michael Porter introduced a model that allows analysing why virtuallynations are more competitive than others are, and why some industrieswithin nations are more competitive than others are, in his book TheCompetitive Advantage of Nations. This model of find factors ofnational advantage has become known as Porters Diamond. It suggeststhat the national home base of an organization plays an important rolein shaping the extent to which it is belike to achieve advantage on aglobal scale. This home base provides basic factors, which support orhinder organizations from building advantages in global competition.Porter distinguishes four determinantsFactor ConditionsThe situation in a solid ground regarding production factors, likeskilled labour, infrastructure, etc., which are relevant forcompetition in particular industries.These factors foundation be grouped into human resources (qualificationlevel, cost of labour, commitment etc.), material resources (naturalresources, vegetation, space etc.), knowledge resources, capitalresources, and infrastructure. They also include factors like qualityof research on universities, deregulation of labor markets, orliquidity of national stock markets.These national factors often provide initial advantages, which aresubsequently built upon. Each country has its own particular set offactor conditions hence, in each country will develop thoseindustries for which the particular set of factor conditions is