Expert answer:global strategic management
Solved by verified expert:I need you to answer part e of question 2 and Question 3I need 8 strategy for Q2. 2 for S-O, 2 for:S-T, 2 for W-O and 2 for W-T. I will give you the SWOT form. For Q2, I need 2 pages for that.Question 3 should be one page things. I will give you the report, but if you don’t want to read it. Its fine. Download it from this website:https://www.weforum.org/reports/the-global-competi…
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Strategic Management
Dr. Eva Dodd-Walker
Country SWOT Matrix
VENEZUELA
1
2
3
4
5
6
7
8
Strengths
2.09 Fixed-telephone lines /100 pop.
3.04 Government debt % GDP
4.01 Malaria incidence cases/100,000 pop.
4.02 Business impact of malaria
5.02 Tertiary education enrollment rate gross %
10th pillar: Market size
10.01 Domestic market size index
10.03 GDP (PPP) PPP $ billions
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Strategic Management
Dr. Eva Dodd-Walker
34
35
36
37
1
2
3
4
1
2
3
4
5
6
Opportunities
Weak economic growth will persist in the near term.
Major economies will confront shrinking workforces and
diminishing productivity gains
The rich are aging, the poor are not.
Training and continuing education will be crucial in
developed and developing countries alike.
S-O
1
Threats
Lower growth will threaten poverty reduction in developing
1
countries. is accelerating progress but causing
Technology
discontinuities.
Automation
and artificial intelligence threaten to change
industries faster than economies can adjust, potentially
Governing is getting harder.
The risk of conflict will increase due to diverging interests
among major powers, an expanding terror threat, continued
instability in weak states, and the spread of lethal, disruptive
technologies.
A range of global hazards pose imminent and longer-term
threats
1
S-T
1
Strategic Management
Dr. Eva Dodd-Walker
Strategic Management
Dr. Eva Dodd-Walker
Weaknesses
1st pillar: Institutions
1.01 Property rights
1.02 Intellectual property protection
1.03 Diversion of public funds
1.06 Judicial independence
1.07 Favoritism in decisions of government officials
1.08 Efficiency of government spending
1.09 Burden of government regulation
1.10 Efficiency of legal framework in settling disputes
1.11 Efficiency of legal framework in challenging regulations
1.12 Transparency of government policymaking
1.14 Business costs of crime and violence
1.16 Reliability of police services
1.17 Ethical behavior of firms
2nd pillar: Infrastructure
3rd pillar: Macroeconomic environment
3.03 Inflation annual % change
6th pillar: Goods market efficiency
6.01 Intensity of local competition
6.06 No. of procedures to start a business
6.07 Time to start a business days
6.08 Agricultural policy costs
6.12 Business impact of rules on FDI
6.13 Burden of customs procedures
6.14 Imports % GDP
7th pillar: Labor market efficiency
7.03 Hiring and firing practices
7.04 Redundancy costs
7.06 Pay and productivity
7.08 Country capacity to retain talent
7.09 Country capacity to attract talent
8th pillar: Financial market development
9th pillar: Technological readiness
Strategic Management
Dr. Eva Dodd-Walker
11.01 Local supplier quantity
11.03 State of cluster development
12th pillar: Innovation
12.05 Gov’t procurement of advanced technology products
W-O
W-T
1st pillar: Institutions
1st pillar: Institutions
1.01 Property rights
1.01 Property rights
1.02 Intellectual property protection
1.02 Intellectual property protection
1.03 Diversion of public funds 1.03 Diversion of public funds
1.06 Judicial independence
1.06 Judicial independence
1.07 Favoritism in decisions of government
1.07 Favoritism
officials
in decisions of gover
1.08 Efficiency of government spending
1.08 Efficiency of government spend
1.09 Burden of government regulation
1.09 Burden of government regulatio
Strategic Management
Dr. Eva Dodd-Walker
1.10 Efficiency of legal framework
1.10
in Efficiency
settling disputes
of legal framework in
1.11 Efficiency of legal framework
1.11
in Efficiency
challenging
of regulations
legal framework in
1.12 Transparency of government
1.12
policymaking
Transparency of government po
1.14 Business costs of crime and
1.14
violence
Business costs of crime and vio
1.16 Reliability of police services1.16 Reliability of police services
1.17 Ethical behavior of firms 1.17 Ethical behavior of firms
2nd pillar: Infrastructure
3rd pillar: Macroeconomic environment
3.03 Inflation annual % change 3.03 Inflation annual % change
6th pillar: Goods market efficiency6th pillar: Goods market efficiency
6.01 Intensity of local competition
6.01 Intensity of local competition
6.06 No. of procedures to start a6.06
business
No. of procedures to start a bus
6.07 Time to start a business days
6.07 Time to start a business days
6.08 Agricultural policy costs 6.08 Agricultural policy costs
6.12 Business impact of rules on
6.12
FDIBusiness impact of rules on FD
6.13 Burden of customs procedures
6.13 Burden of customs procedures
6.14 Imports % GDP
6.14 Imports % GDP
7th pillar: Labor market efficiency7th pillar: Labor market efficiency
7.03 Hiring and firing practices 7.03 Hiring and firing practices
7.04 Redundancy costs
7.04 Redundancy costs
7.06 Pay and productivity
7.06 Pay and productivity
7.08 Country capacity to retain talent
7.08 Country capacity to retain talent
7.09 Country capacity to attract 7.09
talentCountry capacity to attract talen
8th pillar: Financial market development
9th pillar: Technological readiness
11.01 Local supplier quantity 11.01 Local supplier quantity
11.03 State of cluster development
11.03 State of cluster development
12th pillar: Innovation
12.05 Gov’t procurement of advanced
12.05 Gov’t
technology
procurement
products
of advance
Strategic Management
Dr. Eva Dodd-Walker
Strategic Management
Dr. Eva Dodd-Walker
Strategic Management
Dr. Eva Dodd-Walker
1.11 Efficiency of legal framework in challenging regulations
12.05 Gov’t procurement of advanced technology products
1
1
1
1
Index Component
Rank/137
1st pillar: Institutions
1.01 Property rights
1.02 Intellectual property protection
1.03 Diversion of public funds
1.04 Public trust in politicians
1.05 Irregular payments and bribes
1.06 Judicial independence
1.07 Favoritism in decisions of government officials
1.08 Efficiency of government spending
1.09 Burden of government regulation
1.10 Efficiency of legal framework in settling disputes
1.11 Efficiency of legal framework in challenging regulations
1.12 Transparency of government policymaking
1.13 Business costs of terrorism
1.14 Business costs of crime and violence
1.15 Organized crime
1.16 Reliability of police services
1.17 Ethical behavior of firms
1.18 Strength of auditing and reporting standards
1.19 Efficacy of corporate boards
1.20 Protection of minority shareholders’ interests
1.21 Strength of investor protection 0-10 (best)
2nd pillar: Infrastructure
2.01 Quality of overall infrastructure
2.02 Quality of roads
2.03 Quality of railroad infrastructure
2.04 Quality of port infrastructure
2.05 Quality of air transport infrastructure
2.06 Available airline seat kilometers millions/week
2.07 Quality of electricity supply
2.08 Mobile-cellular telephone subscriptions /100 pop.
2.09 Fixed-telephone lines /100 pop.
3rd pillar: Macroeconomic environment
3.01 Government budget balance % GDP
3.02 Gross national savings % GDP
3.03 Inflation annual % change
3.04 Government debt % GDP
3.05 Country credit rating 0-100 (best)
4th pillar: Health and primary education
4.01 Malaria incidence cases/100,000 pop.
4.02 Business impact of malaria
4.03 Tuberculosis incidence cases/100,000 pop.
4.04 Business impact of tuberculosis
4.05 HIV prevalence % adult pop.
137
137
137
137
133
132
137
137
136
137
137
137
137
79
136
135
137
137
85
74
123
133
117
125
119
98
118
131
81
128
109
39
134
132
128
137
22
126
99
44
17
57
75
91
1
1
1
1
4.06 Business impact of HIV/AIDS
4.07 Infant mortality deaths/1,000 live births
4.08 Life expectancy years
4.09 Quality of primary education
4.10 Primary education enrollment rate net %
5th pillar: Higher education and training
5.01 Secondary education enrollment rate gross %
5.02 Tertiary education enrollment rate gross %
5.03 Quality of the education system
5.04 Quality of math and science education
5.05 Quality of management schools
5.06 Internet access in schools
5.07 Local availability of specialized training services
5.08 Extent of staff training
6th pillar: Goods market efficiency
6.01 Intensity of local competition
6.02 Extent of market dominance
6.03 Effectiveness of anti-monopoly policy
6.04 Effect of taxation on incentives to invest
6.05 Total tax rate % profits
6.06 No. of procedures to start a business
6.07 Time to start a business days
6.08 Agricultural policy costs
6.09 Prevalence of non-tariff barriers
6.10 Trade tariffs % duty
6.11 Prevalence of foreign ownership
6.12 Business impact of rules on FDI
6.13 Burden of customs procedures
6.14 Imports % GDP
6.15 Degree of customer orientation
6.16 Buyer sophistication
7th pillar: Labor market efficiency
7.01 Cooperation in labor-employer relations
7.02 Flexibility of wage determination
7.03 Hiring and firing practices
7.04 Redundancy costs
7.05 Effect of taxation on incentives to work
7.06 Pay and productivity
7.07 Reliance on professional management
7.08 Country capacity to retain talent
7.09 Country capacity to attract talent
7.10 Female participation in the labor force ratio to men
8th pillar: Financial market development
8.01 Availability of financial services
8.02 Affordability of financial services
87
72
75
123
104
58
76
21
127
120
68
113
92
101
137
137
130
135
86
129
137
137
137
131
122
129
136
136
137
129
130
137
126
106
137
136
84
136
68
137
137
96
122
109
58
8.03 Financing through local equity market
8.04 Ease of access to loans
8.05 Venture capital availability
8.06 Soundness of banks
8.07 Regulation of securities exchanges
8.08 Legal rights index 0-10 (best)
1 9th pillar: Technological readiness
9.01 Availability of latest technologies
9.02 Firm-level technology absorption
9.03 FDI and technology transfer
9.04 Internet users % pop.
9.05 Fixed-broadband Internet subscriptions /100 pop.
9.06 Internet bandwidth kb/s/user
9.07 Mobile-broadband subscriptions /100 pop.
1 10th pillar: Market size
10.01 Domestic market size index
10.02 Foreign market size index
10.03 GDP (PPP) PPP $ billions
10.04 Exports % GDP
11th pillar: Business sophistication
11.01 Local supplier quantity
11.02 Local supplier quality
11.03 State of cluster development
11.04 Nature of competitive advantage
11.05 Value chain breadth
11.06 Control of international distribution
11.07 Production process sophistication
11.08 Extent of marketing
11.09 Willingness to delegate authority
1 12th pillar: Innovation
12.01 Capacity for innovation
12.02 Quality of scientific research institutions
12.03 Company spending on R&D
12.04 University-industry collaboration in R&D
12.05 Gov’t procurement of advanced technology products
12.06 Availability of scientists and engineers
12.07 PCT patents applications/million pop.
121
70
108
103
127
127
109
132
122
135
65
77
97
93
52
42
72
44
132
133
137
132
136
135
134
133
120
120
67
131
116
95
130
104
137
128
92
Value
<55
2.2
1.7
2
1.3
1.6
2.3
1.1
1.5
1.1
1.7
1.6
1.2
2.3
5
2
2.5
1.8
2.6
4.3
4.8
3.2
3.2
2.6
2.5
2.8
1.5
2.7
2.7
119.3
2.1
87
24.4
2.4
-14.6
6.6
254.9
28.2
19.6
5.3
744
5.4
29
5.2
0.6
2.09 Fixed-telephone lines /100 pop.
3.04 Government debt % GDP
4.01 Malaria incidence cases/100,000 pop.
4.02 Business impact of malaria
5
12.9
74.4
2.8
89.9
4.6
89.7
77 5.02 Tertiary education enrollment rate gross %
2.6
2.8
4.2
3.3
4.1
3.5
2.8
2.8
2.6
2.2
3.4
64.7
20
230
1.7
3.4
12.2
3.2
2.6
2.2
10.5
3.6
2.4
2.7
3.6
4.4
1.5
not weeks of salary possible
3.7
2.4
4.3
1.6
1.2
0.68
3.1
3.6
3.9
2.5
3.9
2.4
4.2
3.2
1
3
3.1
3.7
2.4
60
8.2
18.9
44.6
4.4 10th pillar: Market size
4.4 10.01 Domestic market size index
4.4
427 10.03 GDP (PPP) PPP $ billions
10
3
2.4
3.1
2.6
2.2
2.6
2.6
3
3.8
4.3
2.6
3.6
3.4
2.5
3
1.8
2.9
0.2
>105
1st pillar: Institutions
1.01 Property rights
1.02 Intellectual property protection
1.03 Diversion of public funds
1.04 Public trust in politicians
1.05 Irregular payments and bribes
1.06 Judicial independence
1.07 Favoritism in decisions of government officials
1.08 Efficiency of government spending
1.09 Burden of government regulation
1.10 Efficiency of legal framework in settling disputes
1.11 Efficiency of legal framework in challenging regulations
1.12 Transparency of government policymaking
1.14 Business costs of crime and violence
1.15 Organized crime
1.16 Reliability of police services
1.17 Ethical behavior of firms
1.20 Protection of minority shareholders’ interests
1.21 Strength of investor protection 0-10 (best)
2nd pillar: Infrastructure
2.01 Quality of overall infrastructure
2.02 Quality of roads
2.04 Quality of port infrastructure
2.05 Quality of air transport infrastructure
2.07 Quality of electricity supply
2.08 Mobile-cellular telephone subscriptions /100 pop.
3rd pillar: Macroeconomic environment
3.01 Government budget balance % GDP
3.02 Gross national savings % GDP
3.03 Inflation annual % change
3.05 Country credit rating 0-100 (best)
4.09 Quality of primary education
enrollment rate gross %
5.03 Quality of the education system
5.04 Quality of math and science education
5.06 Internet access in schools
6th pillar: Goods market efficiency
6.01 Intensity of local competition
6.02 Extent of market dominance
6.03 Effectiveness of anti-monopoly policy
6.05 Total tax rate % profits
6.06 No. of procedures to start a business
6.07 Time to start a business days
6.08 Agricultural policy costs
6.09 Prevalence of non-tariff barriers
6.10 Trade tariffs % duty
6.11 Prevalence of foreign ownership
6.12 Business impact of rules on FDI
6.13 Burden of customs procedures
6.14 Imports % GDP
6.15 Degree of customer orientation
6.16 Buyer sophistication
7th pillar: Labor market efficiency
7.01 Cooperation in labor-employer relations
7.02 Flexibility of wage determination
7.03 Hiring and firing practices
7.04 Redundancy costs
7.06 Pay and productivity
7.08 Country capacity to retain talent
7.09 Country capacity to attract talent
8th pillar: Financial market development
8.01 Availability of financial services
8.03 Financing through local equity market
8.05 Venture capital availability
8.07 Regulation of securities exchanges
8.08 Legal rights index 0-10 (best)
9th pillar: Technological readiness
9.01 Availability of latest technologies
9.02 Firm-level technology absorption
9.03 FDI and technology transfer
10.04 Exports % GDP
11th pillar: Business sophistication
11.01 Local supplier quantity
11.02 Local supplier quality
11.03 State of cluster development
11.04 Nature of competitive advantage
11.05 Value chain breadth
11.06 Control of international distribution
11.07 Production process sophistication
11.08 Extent of marketing
12th pillar: Innovation
12.01 Capacity for innovation
12.03 Company spending on R&D
12.05 Gov’t procurement of advanced technology products
12.06 Availability of scientists and engineers
25% weaknesses
1st pillar: Institutions
1st pillar: Institutions
1.01 Property rights
2nd pillar: Infrastructure
1.02 Intellectual property protection
3rd pillar: Macroeconomic environment
1.03 Diversion of public funds
4th pillar: Health and primary education
5th pillar: Higher education and training
6th pillar: Goods market efficiency
1.06 Judicial independence
7th pillar: Labor market efficiency
1.07 Favoritism in decisions of government officials
8th pillar: Financial market development
1.08 Efficiency of government spending
9th pillar: Technological readiness
1.09 Burden of government regulation
10th pillar: Market size
1.10 Efficiency of legal framework in settling disputes
12th pillar: Innovation
1.11 Efficiency of legal framework in challenging regulations
1.12 Transparency of government policymaking
1.14 Business costs of crime and violence
1.16 Reliability of police services
Weak
1.17 Ethical behavior of firms
1st pillar: Institutions
1.01 Property rights
1.02 Intellectual property protection
1.03 Diversion of public funds
1.06 Judicial independence
1.07 Favoritism in decisions of government officials
1.08 Efficiency of government spending
1.09 Burden of government regulation
1.10 Efficiency of legal framework in settling disputes
1.11 Efficiency of legal framework in challenging regulations
1.12 Transparency of government policymaking
1.14 Business costs of crime and violence
1.16 Reliability of police services
1.17 Ethical behavior of firms
3.03 Inflation annual % change
6th pillar: Goods market efficiency
6.01 Intensity of local competition
6.06 No. of procedures to start a business
3.03 Inflation annual % change
6.07 Time to start a business days
6.08 Agricultural policy costs
6.12 Business impact of rules on FDI
6.13 Burden of customs procedures
6.14 Imports % GDP
7th pillar: Labor market efficiency
7.03 Hiring and firing practices
7.04 Redundancy costs
7.06 Pay and productivity
7.08 Country capacity to retain talent
7.09 Country capacity to attract talent
11.01 Local supplier quantity
11.03 State of cluster development
12.05 Gov’t procurement of advanced technology products
6th pillar: Goods market efficiency
Strength
6.01 Intensity of local competition
2.09 Fixed-telephone lines /100 pop.
3.04 Government debt % GDP
4.01 Malaria incidence cases/100,000 pop.
4.02 Business impact of malaria
5.02 Tertiary education enrollment rate gross %
6.06 No. of procedures to start a business
10th pillar: Market size
6.07 Time to start a business days
10.01 Domestic market size index
6.08 Agricultural policy costs
10.03 GDP (PPP) PPP $ billions
6.12 Business impact of rules on FDI
6.13 Burden of customs procedures
6.14 Imports % GDP
7th pillar: Labor market efficiency
7.03 Hiring and firing practices
7.04 Redundancy costs
7.06 Pay and productivity
7.08 Country capacity to retain talent
7.09 Country capacity to attract talent
11.01 Local supplier quantity
11.03 State of cluster development
12.05 Gov’t procurement of advanced technology products
137
2.2
117
2.6
134
2.4
99
5.3
58
4.6
137
2.8
137
2.7
122
3.1
109
3
52
4.4
131
2.6
in decisions of government officials
of government spending
government regulation
of legal framework in settling disputes
of legal framework in challenging regulations
ncy of government policymaking
osts of crime and violence
edures to start a business
curement of advanced technology products
https://www.dni.gov/index.php/global-trends/trends-transforming-the-global-landscape
Global Strategic Management Dr. Dodd-Walker
Assignment: Country SWOT GROUP # 2
This is a group project:
1. Read the current Global Competitiveness Report: Chapter 1.1 Competitiveness Index
Define/discuss the twelve pillars of competitiveness.
2. Read the assigned Country/Economy Profile.
a. Generate a country SWOT.
b. Use GCR criteria to indicate strengths.
c. Use the 25th percentile to indicate weaknesses:
Indicators ranked below the 25th percentile are weaknesses.
d. Use general information to indicate opportunities and threats, at least 3 per cell.
e. Generate at least 2 strategy per cell.
3. Indicate how the country’s competitive positioning affects a firm’s organizational-level strategies.
VENEZUELA 2017
Twelve pillars of competitiveness
Competitiveness is the set of institutions, policies, and factors that determine the level of productivity of
a country.
Part 1: Definition & Discussion
• 1st pillar: Institutions
The institutional environment of a country depends on the efficiency and the behavior of both public and
private stakeholders. The legal and administrative framework affect three levels of interaction amongst
individuals, firms, and government to monitor the quality of the public institutions of a country, hence,
competitiveness and growth. It influences investment decisions and the organization of production and
plays a key role in the ways in which societies distribute the benefits and bear the costs of development
strategies and policies. Sustainable development of an economy needs good private organization to
preventing fraud and mismanagement, ensuring good governance, and maintaining investor and
consumer confidence.
• 2nd pillar: Infrastructure
Extensive and efficient infrastructure is critical for ensuring the effective f …
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