Abstract Some nations are more competitive in the world economy than others. Singapore and Panama, for example, are roughly equivalent in population but Singapore has been spectacularly more successful in terms of its standard of living and the acquisition of market share in the world economy. The competitive winners have national strategies, backed by a national consensus which may be induced by coercion. These strategies are justified by and rooted in an ideology, a framework of ideas for defining values and giving them institutional vitality in, for example, government and business. Ideologies can be usefully defined in terms of two ideal types—individualism and communitarianism—each of which has five components. It appears that nations which practice certain forms of communitarianism are more competitive in the world economy than those, such as the United States and Britain, where individualism still flourishes. As a consequence, communitarian competitors such as Japan and other Asian nations are forcing the more individualistic countries of the West to change their practices in ways that reflect a communitarian ideology. But the change is retarded by the lingering effects of the old ideology, and the reluctance to accept and articulate the new. The challenge facing the United States is to manage its ideological change in a thoughtful way so as to minimize the crisis created by economic decline and preserve those elements of traditional ideology which are of special value. Show Journal Information The Journal of Managerial Issues (JMI) is a management academic journal that is published quarterly and uses a double-blind, peer-reviewed process. The purpose of the JMI is to contribute to the advancement of knowledge directly related to the theory of organizations and the practice of management. It publishes and disseminates the results of new and original scholarly research to a broad audience consisting of university faculty and administrators, business executives, consultants, employees, and government managers. The JMI acts as a bridge between the academic and business communities. Publisher Information Pittsburg State University (PSU) is one of six Kansas regents universities with approximately 7,300 students. It is located in southeast Kansas in the city of Pittsburg. PSU has over 100 academic programs distributed among the colleges of Arts and Sciences, Business, Education, and Technology. PSU students benefit from small class sizes, challenging courses, qualified and dedicated faculty, and modern classrooms. The university as a whole is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools as well as some of its colleges and/or programs (the Kelce College of Business is AACSB-accredited). Rights & Usage This item is part of a JSTOR Collection. Abstract Some nations are more competitive in the world economy than others. Singapore and Panama, for example, are roughly equivalent in population but Singapore has been spectacularly more successful in terms of its standard of living and the acquisition of market share in the world economy. The competitive winners have national strategies, backed by a national consensus which may be induced by coercion. These strategies are justified by and rooted in an ideology, a framework of ideas for defining values and giving them institutional vitality in, for example, government and business. Ideologies can be used fully defined in terms of two ideal types-individualism and communitarianism-each of which have five components. It appears that nations which practice certain forms of communitarianism are more competitive in the world economy than those, such as the United States and Britain, where individualism still flourishes. As a consequence, communitarian competitors such as Japan and other Asian nations are forcing the more individualistic countries of the West to change their practices in ways that reflect a communitarian ideology. But the change is retarded by the lingering effects of the old ideology, and the reluctance to accept and articulate the new. The challenge facing the United States is to manage its ideological change in a thoughtful way so as to minimize the crisis created by economic decline and preserve those elements of traditional ideology which are of special value. Journal Information The Journal of Managerial Issues (JMI) is a management academic journal that is published quarterly and uses a double-blind, peer-reviewed process. The purpose of the JMI is to contribute to the advancement of knowledge directly related to the theory of organizations and the practice of management. It publishes and disseminates the results of new and original scholarly research to a broad audience consisting of university faculty and administrators, business executives, consultants, employees, and government managers. The JMI acts as a bridge between the academic and business communities. Publisher Information Pittsburg State University (PSU) is one of six Kansas regents universities with approximately 7,300 students. It is located in southeast Kansas in the city of Pittsburg. PSU has over 100 academic programs distributed among the colleges of Arts and Sciences, Business, Education, and Technology. PSU students benefit from small class sizes, challenging courses, qualified and dedicated faculty, and modern classrooms. The university as a whole is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools as well as some of its colleges and/or programs (the Kelce College of Business is AACSB-accredited). Rights & Usage This item is part of a JSTOR Collection. What are the factors that determine the national competitive advantage?The four points represent four interrelated determinants that Porter theorizes as the deciding factors of national comparative economic advantage. These four factors are firm strategy, structure and rivalry; related supporting industries; demand conditions; and factor conditions.
What is competitive advantage in management?Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rivals.
How does strategic management help competitive advantage?The relationship between strategic management and competitive advantage lies in your management's strategies being vehicles that increase your edge over the competition. Competitive advantage is when one company produces a product or service that meets the customer's needs in a way that their competitors cannot.
What are the four attributes of national competitive advantage?Porter's diamond shows four main attributes that he claims are the key deter- minants of national competitive advantage: factor conditions; demand conditions; related and supporting industries; and firm strategy, structure, and rivalry.
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Different management ideologies affect the development of national competitive advantage
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