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Competitive Advantage of Kuwaiti Organisations

   

Added on  2023-06-10

11 Pages2558 Words463 Views
Running head: COMPETITIVE ADVANTAGE OF KUWAITI ORGANISATIONS
Competitive Advantage of Kuwaiti Organisations
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1Competitive Advantage of Kuwaiti Organisations
Executive summery
The purpose of this report is to describe five resources that a company should possess in
order to gain competitive advantage in the market. Considering the business environment of
Kuwait the study will be elaborated further. Some recommendations have been provided as
well on how to sustain the existing competitive advantage for a company, which is operating
business in this country. According to the view of a market consultant, the environment has
been analysed. It will help the future investors to understand the market easily considering
the internal and external factors of Kuwait’s economy.

2Competitive Advantage of Kuwaiti Organisations
Table of Contents
Introduction....................................................................................................................3
External environment of Kuwait....................................................................................3
Five resources to gain Competitive advantage...............................................................5
Methods to achieve a sustainable competitive advantage..............................................7
Conclusion......................................................................................................................8
Reference........................................................................................................................9

3Competitive Advantage of Kuwaiti Organisations
Introduction
The following report aims to elaborate resources that influence business organisations
of Kuwait to gain competitive advantage in the market. Based on the external environment
analysis the critical report will further focus on the possible opportunities and threats that an
organisation in Kuwait might face while business executions. In order to sustain against
threats and make the best use of the opportunities a company must have some competitive
capabilities and useful resources to implement their strategy. Briefly, along with a brief
external analysis, this report is going to shed light on the process of creating competitive
advantage of organisations and to sustain long-term advantage in the market of Kuwait.
External environment of Kuwait
The country’s political environment and government regulations determine numerous
business decisions. Being the eighth richest country in the world Kuwait has started to
explore non-hydrocarbon sectors by spending more capital in order to maintain the GDP
growth. Although, the concentration has always been on the oil and natural gas industry,
Government has already invested a large amount to improve the infrastructure of
manufacturing industry. Future business opportunities of other industries are gradually
growing in this country as the business laws are transforming there. Moreover, both the
investors and the government are encouraging these new ventures apart from oil and natural
gas industry. As far as economic factors are concerned, Kuwait’s economy is one of the
fastest growing economies in the Middle East, depending on the industries of oil and natural
gas mostly. However, retail and manufacturing, mining and financial services also contribute
a considerable share to the economical growth of this country. Economic environment is
transforming as Kuwait has decided to emphasize the fact that the country cannot be confined

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