1) The Harvard case‚ Botswana: A Diamond in the Rough‚ describes the exceptional case of Botswanas sustained economic rise from near absolute poverty to a country with a 10% average annual GDP growth for more than four decades. This case shows that healthy economic gains can be achieved by a mixture of formal institutions and ad hoc substitutes for missing institutions. When Botswana gained its independence in 1966‚ the country lacked many of the institutions deemed essential for economic growth
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In “Diamonds are Forever in Botswana”‚ we are introduced to how the company‚ De Beers‚ made a profitable business in the country of Botswana‚ while contributing great benefits to the country through many aspects. The company’s business consists of overseeing the mining of diamonds and then selling them throughout the rest of the world. Even though De Beers is the dominant force in Botswana‚ they approached their venture in the country by having an equal relationship with the government split down
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CIM 2010 Cultural (Industry) Management Analysis of the Diamond Industry Becky Gong Culture‚ Creativity and Management 1. Why Interested? A diamond is forever. No one will be unfamiliar with this classical advertising verbal. Diamonds have symbolized love and eternity for centuries‚ which can still be constantly found in some of the world’s oldest pieces of jewelry. They were surrounding by myths and legends and once regarded as the “Tears of the
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Industry Analysis Diamond Industry (Gem Based diamonds) The Diamond industry is essentially broken up into 3 segments: 1. Industrial Diamonds—natural and synthetic diamonds that are used in a wide range of manufacturing processes for their physical properties. 2. Jewelry Diamonds—rough diamonds cut for use as gemstones in jewelry. 3. Investment Diamonds—high-quality large gemstones‚ often with special characteristics‚ purchased for investment. The Jewelry and Investment segments together
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Botswana: A Diamond in the Rough The Harvard Business School case study “Botswana: a diamond in the rough” deals with various reasons how Botswana became within 40 years the most successful economy in Sub-Saharan Africa. The case study leads through Botswana’s history before the colonization by the British Empire until today‚ stating several factors which made Botswana more successful compared to it’s neighbour countries in Sub-Sahara Africa. Within only 30 years a very rapid economical growth
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TVET Industry in Botswana Technical and Vocational Education and Training (TVET) delivery systems have been identified as ‘well placed to train the skilled and entrepreneurial workforce that Africa needs to create wealth and emerge out of poverty’ (Report on Strategy to Revitalize TVET in Africa‚ 2007). Hence the development of a robust TVET system is a key component in Botswana’s transformation and diversification agenda. This important role that TVET can play in supporting social and economic
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BOTSWANA Botswana‚ officially the Republic of Botswana (Tswana: Lefatshe la Botswana)‚ is a country located in Southern Africa. The citizens are referred to as "Batswana" (singular: Motswana). Formerly the British protectorate of Bechuanaland‚ Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966. It has held free and fair democratic elections since independence. The earliest inhabitants of the region were the San‚ who were followed by the Tswana
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Automobile Industry PEST Analysis 1. Political Factors A) Environment Concerns: Leading to the quest for eco-friendly cars‚ people would prone to buy hybrid or even pure electric cars in the future. B) Government Regulations: Limitation on high emission car purchase‚ and the restrictive passage of autos in downtown area‚ as well as the limitation on license plate (number plate) in huge cosmopolitans. C) Some pioneering states in the US have started to set the rules to govern robotized
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Research question/Purpose The Car Industry is changing its structure quickly. While Toyota earned some 124 billion SEK last year‚ GM lost about 65 billion SEK. Many mergers have happened and more changes are bound to happen. Write an essay pointing out the PEST-factors you find having a strong impact and causing these changes in the car industry. Also‚ reflect on the changes you think will happen in the years to come. 1.Introduction [1] PEST analysis is a process of checking and analyzing information
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PEST ANALYSIS A PEST (Political‚ Economic‚ Social and Technological) analysis is a major part of the environmental scanning section of strategic management and it is used by companies during market research and strategic analysis. Using a PEST analysis helps a business to understand various macro environmental factors that they need to take into consideration when determining the decline or growth of a particular market. What does
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