What are the elements of national competitive advantage

National Competitive Advantage

Greetings, I need assistance answering 1 question for Business Management Class. I would need it to be completed by 10pm today Pacific Standard time.

Referring to Figure 8.1, "National Competitive Advantage", choose two examples of locations that benefit from the elements, other than those used in the text. Defend your reasoning.

Referring to Figure 8.1, "National Competitive Advantage", choose two examples of locations that benefit from the elements, other than those used in the text. Defend your reasoning.

1)

2)

These are examples from other student’s postings… Please use other examples than these.

1) Silicon Valley is home to many of the best tech headquarters, such as Facebook, Google, Yahoo, Intel, Apple, eBay, and Netflix. Silicon Valley is the U.S. center for innovative technology companies. It's located south of San Francisco, California. It's home to 2,000 tech companies, the densest concentration in the world. This proximity to suppliers, customers, and cutting-edge research gives each a competitive advantage. In an article in The New York Times, titled, How and Why Silicon Valley Gets High, it states that many of the leading Silicon Valley entrepreneurs are dabbling in mind altering hallucinogens to lead them to the next billion-dollar idea.

By Silicon Valley entrepreneurs leading with technology benefits, developing what customers need. The target market is – who are the customers (everyone with technology needs) and what are their needs, creating a demand, and economic growth. Closing with competition, of who are the competitors (every other tech company).

(map only for locations and list of headquarters)

Kifer, C. (2019, April 23). Tech Headquarters You Can Visit in Silicon Valley. Retrieved November 3, 2019, from https://www.tripsavvy.com/tech-headquarters-you-can-visit-in-silicon-valley-2993787.

Swisher, K. (2018, August 23). How and Why Silicon Valley Gets High. Retrieved November 3, 2019, from https://www.nytimes.com/2018/08/23/opinion/elon-musk-burning-man-drugs-lsd.html.

2) Approximately an hour and a half north of Silicon Valley is Napa Valley, known for great wine. Napa has the perfect combination of climate, soil, and terrain which is ideal for growing grapes. Napa Valley is also known for luxury hotels, extremely elegant restaurants, and of course some of the best wines in the entire world. By using an unusual database of county-wide data on the wine industry to compare Napa’s success with other wine-producing regions of California, can search for different historical factors and economic conditions that temper most comparative wine studies. Many regions in California can produce world class wine, but none enjoy the same level of returns as Napa. Napa Valley has created a market specifically that provides the service, the desired product (wine) that continuously retains dedicated customers and increased sales year after year.

Hira, A., & Swartz, T. (2014, February 26). What makes Napa Napa? The roots of success in the wine industry. Retrieved November 3, 2019, from https://www.sciencedirect.com/science/article/pii/S2212977414000040.

National Competitive Advantage

COLLAPSE

1) Africa Telecommunications Industry

Africa is one of the world's largest IT markets. 90% of the communications in Africa are mobile communications. In the past, most of the devices were low-end Nokia phones, tens of millions of which have already been sold on the continent. The more expensive "smartphones" are however also increasing in popularity, as prices drop. Blackberry's market share has been rising in the developing world, bucking the trend in Europe and North America. Google, for its part, plans to sell 200 million of its Android phones in Africa and it is estimated that by 2016 there will be a billion mobile phones on the continent (Ogunlesi, 2012). The technical aspect of telecommunications is strong in Africa and villages are now being connected by mobile networks. The demand for mobile phones is increasing, as well as the need for supporting industries for mobile technology and mobile apps. The spread of mobile banking systems and developments in logistics have increased smartphone use to allow companies to sell everything from insurance to fresh fruit online. In 10 short years, what was once an object of luxury and privilege, the mobile phone, has become a basic necessity in Africa (Ogunlesi, 2012). There is now an increasing amount of domestic rivalry in the African telecommunications market which has sparked price wars for low-cost mobile providers.

2) Australia Mining Industry

Mining is a leading industry in the Australian economy. It is Australia’s largest source of export revenue, a key employer in regional areas and a world leader in innovation (Driving Prosperity, n.d). The demand for extracted minerals and ores is always high around the world, whether be copper, iron, aluminum for manufacturing purpose or gold and other precious metals for the purpose of investments. The country has reaped record revenues in recent years, with last year underpinned by higher iron ore and liquefied natural gas exports, stronger iron ore and gold prices, and a lower Australian dollar (“Australia trims mining,” 2019). Mining in Australia supports a variety of industries as products like iron, copper, and aluminum are widely used by industries such as construction, railways, heavy machinery and other industries that use mining as their backbone. Australia attracts more migrant workers than any other big Western country, which results in a labor force that possesses a variety of different skills and trades. Australia’s population has grown by 70%, thanks almost entirely to immigration. Over 28% of today’s residents were born overseas—a higher share than in Canada or New Zealand, let alone Britain or America (“Australia admits,” 2017).

Australia admits more migrants than any other big Western country. (2017). The Economist. Retrieved from https://www.economist.com/asia/2017/10/05/australia-admits-more-migrants-than-any-other-big-western-country

Australia – Mining. (n.d.) Export.Gov. Retrieved from https://www.export.gov/article?id=Australia-Mining

Australia trims mining, energy export revenue for 2019/20 on trade war. (2019). The Business Times. Retrieved from https://www.businesstimes.com.sg/government-economy/australia-trims-mining-energy-export-revenue-for-201920-on-trade-war

Ogunlesi, T. (2012). Seven ways mobile phones have changed lives in Africa. CNN World. Retrieved from http://www.cnn.com/2012/09/13/world/africa/mobile-phones-change-africa/index.html

Bottom of Form

Automotive beginning

The beginning of the automotive race began in Detroit, Michigan. Ford, Chrysler and GM, the so called Big Three manufacturers proximity create pressure on each other to be more innovative and turn out more quality automobiles to the customers in the states. Needs change over time and when the oil crisis in the 1970s brought foreign competition from Japanese automakers to create more fuel efficient vehicles. This will eventually form Japan Big Three, Toyota, Honda, and Nissan.

Financial Capitals

New York City is a Financial Capital. It is home to the NY Stock Exchange and the Dow Jones. The city’s skyscrapers are home base to many brokers and financial institutes as well as the number of banks and insurance companies. On the other side of the Atlantic, there is London, which is the considered the financial capital in Europe. London is a well-known foreign exchange center and is home to the London Stock Exchange. A huge tie to many financial centers in Europe. These two cities are regarded as the leading financial centers by the Global Financial Centre Index (GFCI).