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THE ROLE OF SCIENCE, TECHNOLOGY AND INNOVATION TO INCREASE COMPETITIVENESS IN THE PRODUCTIVE SECTOR: THE JAMAICAN EXPERIENCE OF WALKERSWOOD. A CASE STUDY.

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A CASE STUDY.

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A case study

THE ROLE OF SCIENCE, TECHNOLOGY AND INNOVATION TO INCREASE COMPETITIVENESS IN THE PRODUCTIVE SECTOR: THE JAMAICAN EXPERIENCE OF WALKERSWOOD.

A CASE STUDY.


A case study

INTRODUCTIONThe adoption of appropriate scientific and technological applications in promoting and fostering socio-economic development represents an essential component of development planning policy in Jamaica.Systematic promulgation of appropriate science, technology and innovation policies(STIP) seeks to: 1. Expand Productive Capacity2. Improve Productivity 3. Build Competitive Advantage


Jamaica s national industrial policy

JAMAICA’S NATIONAL INDUSTRIAL POLICY

Main Policy Components address:

Macro-economic Growth and Stability

Industrial Development

Social Development

Environmental


Industrial development policy

INDUSTRIAL DEVELOPMENT POLICY

The range of strategies being pursued in context of a STIP policy framework include:

Promoting and Supporting Business Investments

Improve Public Infrastructure

Provide Support of Public Policy


Status of manufacturing and agro processing

STATUS OF MANUFACTURING AND AGRO-PROCESSING

Manufacturing sector has not yet been impacted by the NIP.

Low levels of investments in upgrade of plant and equipment identified as a main impediment.

Category of processed foods, particularly sauces has been growing phenominally


Distinguishing features of agro processing enterprises

DISTINGUISHING FEATURES OF AGRO-PROCESSING ENTERPRISES

  • Robust vertical linkages with small and medium scale enterprises

  • Greater degree of responsiveness to technological adoptions and innovation

  • Exploit perceived uniqueness of Jamaican biodiversity


The walkerswod case

THE WALKERSWOD CASE

  • Very modest startup as cottage industry enterprise in 1978

  • Initial motivation to provide local employment

  • Employed workforce increasing from 3 to 75

  • Develop from single product to range of agro-based products.

  • Very high degree of vertical integration between small farmers and plant


Short medium term growth strategies

SHORT- MEDIUM TERM GROWTH STRATEGIES

  • Expansion of output capacity

  • Expansion of factory space

  • Ensuring distinctive market presence

  • Colloborate with similar interest groups to secure cost reduction on packaging materials

  • Attain stand-alone free zone status


Issues having implications for further corporate development

ISSUES HAVING IMPLICATIONS FOR FURTHER CORPORATE DEVELOPMENT

  • Access to affordable capital

  • Lowered rates and charges for electricity

  • Greater public sector support for human and social development programs

  • Streamlined marketing and marketing information systems for agricultural produce


Conclusive points of merit challenges for walkerswood

CONCLUSIVE POINTS OF MERIT & CHALLENGES FOR WALKERSWOOD

MERITS:

  • Strong sense of bonding & collective reliance among principal stakeholders

  • Demonstrated entrepreneurial vision

  • Positive responsiveness to application of STI

  • Determination to achieve success despite economic environment

  • Impressive Vertical Linkages with suppliers


Merits cont nued

Merits Contínued

  • Corporate commitment to HRD

  • Prudent financial management

  • Fostering economic multiplier impact


Challenges

CHALLENGES

  • Further galvanize commitment of suppliers

  • Ensuring conformity to global standards

  • Continuous programme of HRD development


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