Many discussions of increasing national competitiveness take the "global factory" model as their starting point. This model essentially assumes that the principal way for less developed markets to catch up is to execute low value added tasks within the international supply chain. This informative article proposes a noticeably different approach based on the orchestration of an economy's "Vantage Point." Instead of cutting prices (and living standards), nations should instead concentrate on enriching the value of the goods and services they naturally generate. Examples from the Basque Country in Spain, Colombia and Mexico exemplify how intense collaboration and innovation in the production procedure in the production of what might appear to be basic commodities -- can result in a virtuous circle of economic development and value optimization.
PUBLICATION DATE: March 16, 2016 PRODUCT #: IIR158-HCB-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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