Presentation

Submitted to : Prof. SALMAAN ZOHAIB

 Group Members

• Ahmad Ali G1F17BSCM0025

• Fatima Zahra G1F17BSCM0002
• Sherbano G1F17BSCM0018
• Momina G1F17BSCM0023
Topic
 Norway
• Norway has a total area of 385,207
square kilometer's (148,729 sq. mi)
and a population of 5,312,300 (as of
August 2018).The country shares a
long eastern border with Sweden
(1,619 km or 1,006 mi long). Norway is
bordered by Finland and Russia to the
north-east, and the Skagerrak strait to
the south, with Denmark on the other
side.
 Norway Trades

• The country is among top 2 exporters of oil and

the second largest natural gas and seafood
exports in the world. 3 national comparative
advantage Michael porter’s diamond model
(also known as the theory of national
competitive advantage of industries ) is a
diamond-shaped frame work that focuses on
explaining why certain industries within
particular nation are competitive
internationally , whereas others might not.
 Norway
• Natural resources identify global business opportunities.
• Economy increased in 1905 when it won the freedom from
Sweden.
• One of the world richest countries & it’s the top ranking
countries to live in.
• The country of Norway is also rich in its natural resources.
• Norway has a very open economy , trade representing 68.5
% of GDP (2018- world bank).Traditionally, the country
exports energy-intensive products and imports high –
technology items.
 Competitive Advantage Of Nations

• Michael Porter's Diamond Theory:

“believes that there are four main factors that make up national competitiveness”
Factor Endowments:
• Natural resources
• Locations
• Advantages
• Infrastructures
• Skilled labor
 Highest Natural Resources Industries
Seafood:
• Norway is known as the second largest exporter in the Seafood industry.
• Seafood industry catches maximum about 2.5 and 3 million tons of fish per year.
• Provides many job opportunities
Specific Advantages:
• World's largest joint marketer of seafood, making the seafood industry the
economic backbone of many Norwegian coastal regions.
• Seafood 3rd largest export item
• Norway’s vibrant seafood industry contributes a large amount to the country’s
economy
• 2008 - marked a new export height for the industry.
 Demand Conditions

• Norway's natural resource is oil = competitive

advantage
• Exports more oil than they import, they have to
fill the demand
• Feed the demand = benefits their economy +
strengthens their industry and their intentional
relationship with other countries.
• Tons of seafood (good climate, can always be
grown)
• Exports seafood and have a good sense of control
and demand for the international market.
 Strategy, Structure, Rivalry

• Norway produces oil cheaply.

• Export more oil than they import
(absolute advantage)
• Employment opportunities in the oil
sector
• Strategies - improve the oil industry to
have a effective way to feed the never
ending demand for oil.
Factor Endowments & Industries and Related Industries:
• They have a rivalry with other top oil countries like Saudi Arabia but
since Norway grows a lot of the oil within their own country, they have
a good sense of control and create a good sense of demand for their
competitors. They export a lot of oil than they import which gives them
a great advantage in the global market. They also produced a lot more
oil than they import, which allows Norway to be seen as a top exporter
of oil because they have so much of it. Their strategies are to always
improve their oil industry to make it more effective and more efficient
to feed the never ending demand for oil. Norway will always employ
people in the oil sector to make the oil sector run more efficiently, it’s
their largest export so therefore it must run efficiently or else Norway’s
economy will take a great hit.