Winter 2015 March 17‚ 2015 A Double-edged Sword The world is slowly transforming into a high-tech society. Whether one is willing or not‚ he can not deny that endless innovations of technology are constantly changing our lives‚ and things as computers and robots have changed the way most of us used to work‚ think and live entirely. Apparently‚ not everyone is optimistic about this trend‚ they think that the improvement in science and technology could be a double-edged sword. Which means technology
Premium Technology Computer Personal computer
The Competitive Advantage of Nations – Michael E. Porter Porter describes how companies succeed in international markets. His theory is based on a four-year study of patterns of competitive succes in ten nations. Porter argues that companies achieve competitive advantage through acts of innovation. He explains why certain companies in certain nations are capable of consistent innovation with his diamond of national advantage model. This model describes for different attributes of a nation that determine
Premium Economics
1.0 INTRODUCTION De Beers Diamond Jewelers’ is the quintessential diamond jeweler‚ giving substance to style‚ bringing together the diamond’s dualities of science and poetry‚ melding its rich history and long traditions with contemporary creativity and cutting-edge craftsmanship. The diamond is a sparkling‚ celebratory symbol of continuity and eternity‚ of reassurance and hope for the future‚ and De Beers brings this beautiful symmetry into the light with its classically elegant jewelers. For
Premium De Beers Diamond
The evolution of the world and its civilizations is galvanized by continual scientific and technological progress‚ which is brought about by the vast reservoir of knowledge that humankind has gained over the centuries in countless attempts to quench their insatiable thirst for the ultimate key that will unlock all the secrets of life. In the last few decades‚ men and women of science who are determined to fully unveil the mysteries of the universe were already able to take evolution to a whole new
Premium DNA Genetics Stem cell
2012 STRATEGIC MANAGEMENT Discuss Porter’s five forces theory of market competition. How does strategic group analysis provide a refinement to the five forces model? Key words here are: -discuss -Porter’s five forces -strategic group analysis -refinement of it(improve it yaani k extra benefits of strategic group analysis compared to five forces) Strategic decisions have always been a vital part of business as ever since their conception but the word strategy is barely mentioned pre 1960s
Premium Strategic management Management
ssPorter’s 5 forces analysis for Arcelor Mittal 1. Competitive rivalry: Industry rivalry is high: Arcelor Mittal is still ranked no. 1 in the world top steelmakers (World SteelAssociation‚ 2013) with a reported 96.1 tonesof crude steel in 2013‚ higher than 93.6 tones in 2012. In 2014 Arcelo Mittal produced around 119 tones crude steel‚ it is present in 22 countries‚ all over the world. Ranked no.2 is Nippon Steel & Sumimoto Metal Corporation‚ with 50.1 tones crude steel in 2013. However‚ many companies
Premium Iron ore Steel Iron
Double Happiness Double Happiness demonstrates how the force of media‚ production‚ and family dehumanize and objectify cultural hybrids. This objectification is defined by the process by which human potential is transferred to a materially existing form‚ setting one away from their unique nature. This is accomplished through the community’s ideal conception which inaugurates a low degree of integration and high degree of isolation in Asian Canadians. In turn‚ this pushes their consciousness towards
Premium Mass media Identity Objectification
CHAPTER 2 DOUBLE ENTRY SYSTEM AND BALANCING OFF THE LEDGER OBJECTIVES. At the end of the chapter reader is expected to understand - what a double entry system is - peculiarity of double entry system in accounting. - how a transaction can be posted in order to adhere with double entry system. - what make up a ledger - how ledger can be balanced up. INTRODUTION To make a relevant disclosure of transaction in accounting sense‚ it is necessary to open up all the items affected by a transaction
Premium Double-entry bookkeeping system Bank Currency
scales of the airlines industry. However‚ entering an airline industry need to spend a lot of money and time. For instance‚ they need to limited gate spaces‚ spend high capital cost‚ and computer system costs. As Southwest had already become the first model of the short-haul flight industry‚ it is difficult to other airlines to accomplish this goal. Substitution: Substitution to air industry includes car‚ buses‚ trains and trips. The most possible substitutions are vehicles and coaches; however‚ flights
Premium Airline Southwest Airlines Low-cost carrier
restaurants that serve coffee or other items like tea‚ soda and coffee from home; also‚ the switching cost are low for the consumer. All of this combined means the threat of substitutes is extremely high in this case. The fourth item in Porter’s model is the threat of new entrants. The threat of new entrants refers to the ability of new competition to enter the market. Starting a coffee shop does not require economies of scale‚ the capital investment is low and consumer switching cost is low; all
Premium Barriers to entry Coffee Coffeehouse