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Factor conditions are those factors that can be utilized by companies in any nation which relates to resources the company has available which may consist of the amount of natural resources, skilled labour and or innovative product developers the company has in producing a high quality service or product. Factor conditions can be factors with high advantage found within a country that are subsequently build upon by companies to more advanced factors of competition.

Some examples of factor conditions:

Highly skilled workforce

Linguistic abilities of workforce

Rich amount of raw materials

Workforce shortage

Demand conditions

When the local market for a certain product is larger and more demanding locally than in foreign markets, local firms tend to always emphasis more on improvements than foreign companies. This will increase competitiveness of local exporting companies globally and will be able to recognize the level of demand of the product or services they provide and how well they are able to meet these consumer demands.

Related and Supporting Industries相关配套产业

Home country companies will potentially get more cost efficient and receive more innovative parts and products when supporting industries and suppliers locally become competitive. The more competitive those supporting companies are most likely to result in higher product sales.

Firm Strategy, Structure, and Rivalry企业战略，结构和对抗

The structure and management systems of firms in different countries can potentially affect competitiveness and how well a company is able to use its existing organizational structure whether it is hierarchal or flat, to strategize against current and potential competitive companies.

Business leaders can analyse and identify which competitive factors reside in their company's home country by using Porter's diamond, and how and which of these factors can be utilized to gain global competitive advantages. During a phase of internationalisation, Business leaders can also use the Porter's diamond model analyse if home market factors support the process, even if the conditions found in the home country are able to create competitive advantages on a global scale.

Business leaders can use this model to asses in which countries they would want to invest and to assess which countries are most likely to be able to sustain growth and development.

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