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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
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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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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