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National Competitive Advantage and Employability skills PDF

   

Added on  2021-04-17

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Running head: NATIONAL COMPETITIVE ADVANTAGE AND EMPLOYABILITYNational Competitive Advantage and EmployabilityName of the studentName of the UniversityAuthor note

NATIONAL COMPETITIVE ADVANTAGE AND EMPLOYABILITY1Article Name: Almuslamani, H.A.I. and Daud, S., 2017. Strategic HR Practices andSustainable Competitive Advantage in Bahrain.Advanced Science Letters,23(9),pp.9009-9012.IntroductionMichael Porter made use of a model that helped in the process of analyzing why someof the nations were more competitive as compared to the others. National base of that of anorganization plays a crucial role in attaining competitive advantage (Ployhart, Weekley andDalzell 2018). The four determinants that can help in assessing national competitiveadvantage are that of firm strategy, factor conditions, structure and rivalry and that ofsupporting industries. This essay analyzes the policies in relation to determinants of nationalcompetitive advantage within Kuwait.DiscussionConditions prevailing within Kuwait help in determining the characteristics of that ofdomestic competition. Cultural aspects of Kuwait play a role in determining the strategies ofthe organisation. Innovation is greatly valued by Kuwait and it is an important strategicelement in relation to competiveness. Kuwait makes use of a dynamic view pertaining tocompetition. Integrated STI policy and formation of national innovation system can help inthe process of up gradation of the technologies of the firm. National innovation system canhelp in connecting the different STI actors that can facilitate in the process of efficient co-operation (Almuslamani and Daud 2017). Promotion of high-tech and R & D industry isencouraged by the government in Kuwait that helps the companies in attaining competitiveadvantage. The Kuwaiti agencies focus on the aspect of exploration that is well-motivated.Economic diversification is carried on by the companies in Kuwait that can lead to economicdevelopment. Another policy stressed is that of rationalization of spending and that of the

NATIONAL COMPETITIVE ADVANTAGE AND EMPLOYABILITY2subsidies. Subsidies help in targeting people who need them and that of tiered subsidizationin relation to the utilities can help in driving cost savings (Frija et al. 2017). Kuwait hasstrengthened the “look east” policy for expanding the crude market share specially across thatof the Asian countries. In the year 2014, Kuwait exported around 10.62 million ton of that ofcrude to China along with that of India. It was an increase of around 14 % from that of theprevious year.The basic factors are that of land, climate and the advanced factors are moresophisticated ones like that of stock of knowledge resources along with that ofcommunication infrastructure. Up gradation of that of the factor conditions can help inproviding the country with an advantage. The basic factors help in providing the country withadvantage that can be re-inforced with the help of advanced factors. Improvements can bebrought about in the four arenas of immigration policy, education, promotion of that ofprivate sector and that of economic diversification. The government acts as that of “employerof last resort” for that of the nationals. The normalization of that of the labour market ofKuwait can be attained by downsizing that of public sector employment (Fainshmidt, Smithand Judge 2016). It can lead to an increase in the process of efficiency. Employmentopportunities have been created in the public sector and Kuwatis negative perceptions towardthat of public sector employment have been changed as an effective policy. Incentives areprovided to the students so that they choose the field of science and engineering. There aresome elements of that of vocational training that has been made compulsory within the scopeof secondary education that helps in providing basic level skills for that of the labour market.Red-tapeism has been reduced by the stream-lining of bureaucratic process. Access to that ofcredit has been facilitated that helps in financing the activities with the help of retainedefforts (Wu, Ma and Zhuo 2017). Kuwait focuses on the aspect of export and it has proved tobe successful for that of Asian development states. Energy subsidies have an impact on that

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