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Develop greater critical analytical skills especially at level 3/ 6, by encouraging the students to read more widely; the greater use of comparative case studies; and encouraging part-time students to reflect on the application of the theories discussed to their own workplaces and industries in their own countries.
You are required to:
1: Apply Diamond of National Advantage to critically analyze, compare and contrast competitiveness of your country(Bahrain, Jordan, Lebanon, Oman, Saudi Arabia, Egypt or Sudan)to that of China which is fast emerging economy among BRICS (.1000 words)
2: Assume that you are strategy and policy advisor, use China as a benchmark to suggest and critically discuss to your government any four recommendations to develop and improve competitive advantage of your country. 500 words
Assignment that is divided into two major sections. The first section will provide basic understanding on the Competitive Advantage of Nations, basically the Diamond of National Advantage in order to analyze, compare and contrast competitiveness critically to that of Saudi Arabia to that of China. The second part will be a recommendation that will include four elements which will helps in improving and developing competitive advantage of Saudi Arabia. The work is written in Microsoft word with APA style of referencing with incited references.
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DIAMOND OF NATIONAL ADVANTAGE
There was a time when businessmen with lot of capital and investment, specialization in particular skills and carrying a lucky charm with them were able to succeed in business. However in today’s technology driven era, the myriad enterprises owned by the young generation entrepreneurs who do not carry any fancy degrees with them nor seek any gobs of capital are waiting to be hatched (Moon, Rugman, &Verbeke, 1998). In Chinese business environment, if the entrepreneurs aim to kick start their business in quick time, then it may not be a correct decision, and it may lead to a lot of problem in future like sloppy planning and analysis (Tansey, Spillane, &Meng, 2014). This type of time constraint and time-saving approach would shift the Company’s focus unknowingly from finding the correct alliance partner, irrespective of the partner fit.
Considering the Saudi Arabia, UAE holds an Islamic culture is very conservative, unlike the other cultures. The Family is kept at extreme importance and women are bound in restrictions. They share car and fast-food culture in common to many countries. UAE is a federation of seven countries into one which was established in December 1971 (Rothaermel, 2015). This system follows absolute monarchies and governed by a single Federal Supreme Council. Seven emirs of the seven countries together formed this council and it takes care of all the responsibilities. Respective National Government does not have the right to hold those responsibilities.