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Read the Global Competitiveness Report 2016-2017: Chapter 1.1 Competitiveness Indexwww.weforum.org/gcr.Read the Country/Economy Profile for Venezuelaa. Generate a SWOT for Venezuelab. Use GCR criteria to indicate strengths.c. Use the 25th percentile to indicate weaknesses: Indicators ranked below the 25th percentile are weaknesses.d. Use general information to indicate opportunities and threats, at least 3 per cell.e. Generate at least 1 strategy per cell.Indicate how the country’s competitive positioning affects a firm’s organizational-level strategies. The essay consists of three parts:1. Part 1: Pillars of Competitiveness (Define/explain each pillar.)2. Part 2: SWOT for Venezuela3. Part 3: Impact of country’s competitive positioning on firm-level strategie

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