Tutorial 3 1.) “The only rule of business is the increase of profits.” Discuss. We are now discuss about the rule of business‚ is it just maximize profit without any moral responsibility? Or we need to make decisions that protect and benefit society? According to the Dictionary of Finance and Investment Terms‚ social responsibility is the “principle that businesses should actively contribute to the welfare of society and not only maximize profits”. We don’t have “absolutely” in the world
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The Study of Ikea’s Business Strategy Price and promotion Ikea is not only a furnishings market brand‚ but also a furniture brand. Through a series of operations‚ in people ’s eyes‚ Ikea is not simply a purchase house ware places‚ it represents a way of life. In our mind‚ Ikea ’s success not only depends on its integration of the trade‚ logistics‚ but it used to integrate the core idea of trade‚ logistics-lifestyle (Margonelli‚ Lisa 2002). As we said before: using Ikea’s products is just like
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Putting a price on carbon is the best solution for climate change (Back Ground)Climate change‚ a consequence of unchecked pollution‚ has become a controversial issue in most nations in over the world. Among countless others‚ carbon emission is one of main causes of this problem. The effects of climate change are extremely dangerous not only on the environment but also for economy (Australian Conservation Foundation‚ 2013). Consequently‚ these effects have strongly influenced human life. Finding
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IKEA The strategy of IKEA adopted was cost leadership strategy. The cost leadership strategy is an integrated set action taken to produce goods or services with feature that are acceptable to customers at the lowest cost relative to that of competitors. Firms using the cost leadership strategy commonly sell standardized goods or services to the industry’s most typical customers. IKEA sells a lifestyle that customers around the world embrace a signal they have arrived good taste and recognize
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Starbucks Business Strategy Mariana Lupea October‚ 31‚ 2011 Introduction The purpose of this paper is to analyze the business strategy of a publicly traded company. The writer will include an overview of the company‚ including mission statements‚ products‚ markets‚ and recent financial operations. A SWOT analysis will be performed and strategic objectives will be noted. Furthermore‚ the writer will detail specific plans
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alternative (I am loth to say rival) forecasters‚ Professor Thomas Malnight of the IMD business school in Lausanne and his colleague Tracey Keys of Strategy Dynamics Global. Looking down their ten trends‚ I find myself general in agreement (though I’m not as pessimistic as they are in number 7‚ and we have to bear in mind that a lot of what they say is more relevant to the years well beyond 2013). And quite what they mean by the "ownerless economy" in number 2 is a bit of a mystery…Still‚ well worth
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An Essay on The Higher Education Sector in Bangladesh: In Need of an Overhaul Submitted to Mr. Bijoy Lal Basu Assistant Professor Department of English University of Dhaka Submitted by Ayman Rahman‚ Roll No. 29 Section A 21st Batch‚ BBA Institute of Business Administration‚ University of Dhaka It doesn’t matter from what perspective one tries to see the importance of higher education‚ one thing is certain that its importance can never be undermined. But it is very disappointing
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resulting innovations to their local customers. The innovation process adopted by Frank’s MNE is: a. globally linked. b. local-for-local. c. center-for-global. d. locally leveraged. C 2. With responsibility for his company’s largely centralized R&D activities‚ Frank worries that the center may not understand local market needs‚ while the subsidiaries may not be committed to innovations developed at the center. To respond to these concerns‚ Frank’s priority should be to: a. adopt a
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BSNL competitive portfolio & Change Management M Ramesh‚ marimuthuramesh@rediffmail.com Synopsis: Bharat Sanchar Nigam Ltd. formed on 1st October „2000‚ is one of the largest & leading public sector units providing comprehensive range of telecom services in India. They operate under 13 different brands. Their customer base as on July 31‚ 2011 was at 95.14 Million. BSNL has an installed Network in the country comprising about 43.74 million line basic telephone capacity‚ 8.83 million WLL
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We are becoming increasingly dependent on computers. They are used in business‚ hospitals‚ crime detection and even to fly planes. What things will they be used for in the future? Is this dependence on computers a good thing or should we be more suspicious of their benefits? In the last two decades cybernetics have experienced a major breakthrough .This led to the utilization of computers in nearly all parts of our daily life‚ from personal computers to the ones performing complicated surgeries
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