The United States is considred a world leader in the motion picture industry. Using Porter’s diamond framework for national competitiveness, expain the success of this industy by showing relevant comsiderations for each of Porter’s attributes.
Expert Answer
Michael Porter’s Diamond model helps in determining the competitive advantage which an industry possess relevant to a particular country. Motion Picture industry is competing successfully in the American market. The analysis of various attributes of Porter’s diamond framework is given as :
Home Demand Conditions
Great demand of Hollywood movies across the world.
More than 800 movies released every year.
Produces the largest number of films
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