So, America's national competitiveness depends partly on these companies and on new industries. Government's role is important in varying degrees in the successes of the top ten most admired companies of 1996 and other companies and perhaps government played a role in the failures of others. Porter's description of national advantage is sufficient but he should emphasize the fact that although local rivalry is still an important factor, a world of global competition requires rivals are to be watched in any country. Increasingly, companies located in one country will have more innovations coming from subsidiaries in other nations. No matter what nation is considered, though, all companies and governments, must continuously innovate.
Innovation breeds prosperity.
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