B301 B: Making Sense of Strategy

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Making Sense of Strategy (B301 B)

Added on 2020-04-21

B301 B: Making Sense of Strategy

Making Sense of Strategy (B301 B)

Added on 2020-04-21

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Running head: MAKING SENSE OF STRATEGY IIMaking sense of strategy IIName of the UniversityName of the studentAuthors note

1MAKING SENSE OF STRATEGY II Table of ContentsAnswer to requirement 1:................................................................................................................1Answer to requirement 2:................................................................................................................3Industrial development policies:......................................................................................................3Policies of granting incentives to firms:..........................................................................................4Policies for Industrial land:..............................................................................................................5Trade liberalization policy:..............................................................................................................6References list:.................................................................................................................................7Answer to requirement 1:The competitive advantage of nation is dependent upon capacity of existing industries toupgrade and bring innovation. A nation is able to have competitive advantage due to its structureand localized national process. According to Porter, a nation is able to gain competitive

2MAKING SENSE OF STRATEGY II advantage in any particular sector where an earlier picture of clear buying needs are provided bytheir domestic demand (Abdullah et al. 2017). This is so because that particular sector will bepressurized by domestic buyers emerging needs to achieve refined advantage. If a particularindustry is more visible in domestic country rather than any foreign country, then prevailingdemand condition of home country helps in providing competitive advantage. Kuwait is one of the wealthiest countries as per capita income having a highly affluentdomestic market. As a manufacturing sector, Kuwait has number of competitive advantage andthis particular sector or industry is benefitted from boosting of domestic demand for output,infrastructure enhancement and thereby stimulating economic growth. Long term supply formanufacturing industries is bolstered by investment in gas and oil. If a nation is relying on anysingle industry such as manufacturing sector, then there exist the possibilities that it competitiveadvantage might be affected due to different factors or challenges faced by nation. Successfulstrategy of nation cannot be dependent upon only one particular industry (Whorton and Whorton2014). National level of productivity defines their competitive advantage and if the productivityof manufacturing sector is hampered that leads to declining export volume, then the competitiveposition would be weakened. Global market for manufacturing industries is increasing and inorder for Kuwait to maintain its competitive position in terms of its manufacturing sector, it isrequired to make it a world class manufacturing sector. Competitiveness of manufacturingproducts needs to be enhanced for engaging competitively in international market. In light ofchallenges faced by manufacturing sectors, a new competitive advantage is required to be builtfor sustaining strong industrial performance. Although, it is not possible for Kuwait to achievecompetitive advantage in all sectors, it should not also be dependent upon one single industry

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