Porter’s Five Forces Vs. Diamond Model

Porter’s five forces is a strategic framework to assess the competitiveness in a specific industry. Where Porter’s diamond model is a framework to assess why specific industries become internationally competitive, both frameworks can be used in conjunction to have a wider perspective on the competitive landscape surrounding an industry.

Porter’s Five Forces is a model that helps organizations to gain a better understanding of their industries and competition. Published for the first time by Professor Michael Porter in his book “Competitive Strategy” in the 1980s. The model breaks down industries and markets by analyzing them through five forces
Porter’s Diamond Model is a diamond-shaped framework that explains why specific industries in a nation become internationally competitive while those in other nations do not. The model was first published in Michael Porter’s 1990 book The Competitive Advantage of Nations. This framework looks at the firm strategy, structure/rivalry, factor conditions, demand conditions, related and supporting industries.

Read Next: Porter’s Five Forces, Porter’s Diamond Model, Ansoff, Technology Adoption Curve, SWOTTOWS, SOARBalanced ScorecardOKR, Agile MethodologyValue PropositionVTDF Framework.

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