Company Policy To Support Diamonds Case Study

The role of company policy to support diamonds and creates competitive advantages
1. Create pressure for innovation:
Investing in human resources is the foundation of every successful economic process, and the true supporter of achievement corporate strategic goals. Innovation is the production of new ideas different from what exists in the environment surrounding business. Innovation management is risk-taking in adopting new ideas and solutions for traditional thinking. The area of innovating thinking highlights management’s ability to away from traditional thinking in facing problems and creates solutions to problems. The company should provide a good environment for employees to innovate and to enhance production, reduce cost and solve problems
Trade policy
Laws relating to the exchange of goods and services related to international trade, including taxes, declarations and import and export regulations. The government is trying to establish direct and indirect rules on the ability of companies to compete across their borders because trade clearly affects the national economy deeply, the government sets laws to control the trade economy. Trade policy includes taxes on exports and imports, inspection regulations, tariffs and quotas.
Example: Founded in Egypt in 1977, Arabian American Automobile Company is a joint venture between the Arab Organization for Industrialization and Chrysler International. The company expanded its production and assembly of cars to become the largest giant entities in Egypt. The success of the Arab American company came from successful commercial policy and agreements with the government Chrysler has set up the first car factory in Egypt. The agreements have contributed to reducing customs import of spare parts from parent company Chrysler and facilitating the entry of materials for the manufacture of cars. The implementation of the work according to the demands and standards established by the laws and regulations of the national trade policy has contributed to its success and has been known to the high performance and merit of other
Capital control
Developing countries are mainly used to control capital to store the local economy from the free forces flowing into the international capital market. The developing countries find themselves trapped in the globalization of capital flows and the enormous powers of the global market, which increases the financial vulnerability of developing countries. Many developing countries maintain a series of controls over capital flows and foreign exchange flows to buy goods and services.
Example: Western Union's services in transferring funds across countries around the world. These services are the transfer of funds to companies and help the government to provide information on transfers of money to individuals and companies from one country to another. The Central Bank of Egypt controls the amount of funds transferred outside Egypt, which maintains a series of controls on the flow of capital and foreign currencies of companies to buy goods and services.
4. Regulations
It concerns the local economy and business behaviour. The government organizes to promote the public good and improve economic efficiency by correcting market shortages. Regulatory rules and policies affect foreign