in other industries. To the economist‚ a threat of substitutes exists when a product’s demand is affected by the price change of a substitute product. A product’s price elasticity is affected by substitute products - as more substitutes become available‚ the demand becomes more elastic since customers have more alternatives. A close substitute product constrains the ability of firms in an industry to raise prices. The competition engendered by a Threat of Substitute comes from products outside
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The Most Imminent Threat that Texas Faces Like most states‚ Texas faces a host of problems; that stem from both cultural and environment issues‚ but unlike most states Texas is a state that shares a 1‚254-mile long border with Mexico‚ a country that has their massive problems. Geography alone has provided Texas with problems that are difficult in the best of times‚ but in this age of a huge drug problem in the United States along with the rise of international terrorism‚ those problems have grown
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HBS CASE: BUILDING A SOCIAL MEDIA CULTURE AT DELL Answers from Chenghao Zheng (Chuck) 1. Why has Dell been successful at building a social media program? Dell developed a social media program that helped solve customers’ problems‚ improve Dell’s reputation‚ and educate customers. It depended on social media to improve sales‚ predict trends of the market and create the better brand perception online. The company builds the business case for social media‚ which creates an astonishing model to reduce
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Meet The BRICs Case of chapter 4 1. Map the proposed sequence of evolution of the economy of the BRICs. What indicators might companies monitor to guide their investments and organize their local market operations? China and India will be the dominant global suppliers of manufactured goods and services‚ respectively‚ while Brazil and Russia will become the principal suppliers of row materials. Collectively‚ on almost every scale‚ they will become the largest entity on the global stage. The
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How does social media affect the creation of news article in an American culture? In the twenty-first century‚ more than half of the world’s population spend most of their time online surfing the internet. Each person who spend a lot of time on the internet owns at least one social media account in the cyber world. The cyber world consists of many different websites but the most frequently used are facebook‚ twitter‚ and youtube and these websites all originate from the United States and happened
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Reality vs Myth: debunking pseudo components of culture The workforce is full of many talented individuals-- all possessing unique traits that when harnessed properly‚ creates an incredible organization. While most people have a positive outlook on workplace culture‚ negative experiences can shape the way a person thinks about the components of culture. Because of these previous experiences‚ leaders have to be adept at creating a readily identifiable culture to soothe the naysayers. Need a quick
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The Impact of Western media on African Cultures By Levis Kamau Introduction Pop music has become very much popular and widespread among the young people in Nairobi City. It is usually characterised by western behaviours and ways of doings of the west (developed countries) particularly the United States and Jamaica. It is very common to hear young people talking about the pop singers. You will always hear “I like that dance in the song….” “I wish I had such a cloak”
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March 2014 Creation Myths of Ancient Greco-Roman and Hebrew Cultures. Ancient Creation myths are similar but at the same time are still very different. What is a myth? A myth refers to a fiction story or only half true story. What makes up a myth? It has several different characteristics that make it different from other types of stories. Ancient Greco-Roman myths are interesting because they talk about another religion and how they are being reflected. Hebrew creation myths are also interesting
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To what extent is increased globalization a threat to national culture? Globalization is probably one of the most important political topics in the 21’st century‚ and also the most controversial situation of the world. Globalization refers to the worldwide movement of a business beyond domestic‚ national and international markets. Globalization has the effect of not only international trading‚ but also a cultural exchange. Some look at globalization as favorable and positive because it’s a key for
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Delusion of a postracial area We might be aware of some stereotypes related to our social identity but what we don’t know much about is stereotype threat. Stereotype threat has been shown to reduce the performance of successful people belonging to a certain negatively stereotyped group. Claude Steele‚ the author of Whistling Vivaldi‚ a social psychologist and Columbia University provost‚ writes about the work he and his colleagues have done on this phenomenon‚ the tendency to expect‚
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