Reference no: EM131641867

Reasons why high skilled workers migrate to Australia to work (climate, environment, education, income and country stability) porter diamond model

Can you explain IT industry of Australian migrant workers as a porter diamond model

And also Education industry in Australian

1. Firm Strategy, Structure and Rivalry= refers to the basic fact that competition leads to businesses finding ways to increase production and to the development of technological innovations.

2. Demand Conditions= refer to the size and nature of the customer base for products, which also drives innovation and product improvement.

3. Factor Conditions= elements that Porter believes a country's economy can create for itself, such as a large pool of skilled labor, technological innovation, infrastructure and capital.

4. Related Supporting Industries= refers to upstream and downstream industries that facilitate innovation through exchanging ideas.

5. Chance= events as the ones that have little to do with circumstances in a nation and are largely outside of the control of firms. Events could be significant shifts in exchange rates, wars or decisions taken by foreign governments.

6. Government= acts as a catalyst and challenger.