1 Contemporary Methods of Aircraft Construction and Design The construction of aircraft is a complicated process requiring precise calculation and innovative design in order to improve and maintain the structural integrity of the aircraft. Aerospace engineers must find a balance between reliability‚ strength and weight of the many components used in the fabrication of the aircraft. The design of an aircraft must take into account the magnitude of forces‚ such as lift and drag‚ acting upon the
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The Competition: Maintaining Advantage Maintaining competitive advantage in today ’s ever-changing business environment is not a simple task. For any company to maintain a competitive advantage‚ the company must develop the advantage such that it is "rare‚ costly to imitate‚ no substitutable‚ and nontransferable" (Snyman‚ J.H.‚ 2006). Along these lines‚ Michael Porter has provided five competitive forces that can assist any company in maintaining the advantage. These forces are "the entry of
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accidents‚ natural causes and disasters as well as deliberate attacks from an adversary. Risk management applied in the field of construction currently‚ has been on the agenda for about 25 years. It has focused in the main on large-scale School of technology and business 8 projects with different kinds of complexity related to them‚ such as Technology‚ international collaboration‚ geography or finance. (Hintze et al.‚ 2004; Jaafari‚ 2001). More recently‚ risk management has started to influence
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Competitive advantages are strengths and strategies that keep a company ahead of its competitors. It is hard to measure competitive advantage and harder to maintain it. Some competitive advantages are fleeting. The successful companies are those that leverage their competitive advantage successfully and repeatedly. As understood by us in the above example the competitive advantage that the cyrptoses enjoy is a direct outcome of its natural habitat and hence the circumstantial gain over its rivals
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IDISCUSSION QUESTIONS Chapter 1: 1. To what extent is a global approach to international marketing appropriate to firms in the Asia-Pacific? Global approaches are not always relevant to firms in the Asia-Pacific apart from alerting them to the nature of the international competitive environment in which they are likely to operate. A global approach is not an operating strategy for Indigenous small and medium scale exporters (SMEs) and is only partially appropriate for local subsidiaries of
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specific advantages Two types: location bound: i.e stay in the home country non-location bound or transferable across borders Firm-specific advantage (FSA) at the firm level manifests itself in a higher productivity of comparable assets (tangible and intangible) than competitors (Caves‚ 1996). Since imitation of the advantage by competitors entails high costs and high risks‚the owner of the advantage is protected for a certain period of time. Since the crucial firm-specific advantages are intangible
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almost all the countries construction industry is one of major industries‚ which impacts greatly on the GDP. In any country‚ the construction industry is recognized as an economic regulator which plays a major role in the economy‚ providing significant contribution to the national economy. (Cheung et al. 2006). Prefabricated construction has become the new era of construction with the development of the technology. With the modern developed economy‚ duration of a construction project and labour requirements
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INTERNATIONAL BUSINESS Pham To Mai Faculty of Economics National University of HCMC Part II INTERNATIONAL BUSINESS ENVIRONMENT INTERNATIONAL TRADE THEORY AND POLICY INTERNATIONAL TRADE THEORY Mercantilism Gold and silver were mainstays of national wealth. It was in a country‟s best interests to maintain a trade surplus maximize exports and minimize imports. Limitation: “Zero-sum game” Theory of Absolute Advantage Adam Smith (1776) Countries should produce
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Course Overview i. i COURSE OVERVIEW Introduction International Business is one of the courses offered by the School of Management‚ Asia e University (AeU). Similar to other courses offered by the School of Management‚ this 3 credit hour course will be conducted over 15 weeks and is usually offered twice yearly in February and September semesters. Course Audience This is a core course for all students undergoing Bachelor of Management (Hons). Thus‚ students should be able to
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International Business: The New Realities‚ 2e (Cavusgil/Knight/Riesenberger) Chapter 1 Introduction: What Is International Business? 1) International business is primarily carried out by individual companies. Answer: TRUE Diff: 1 Page Ref: 4 Skill: Concept Objective: 1-1 AACSB: Dynamics of the global economy 2) The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide. Answer: FALSE Diff: 2 Page Ref: 4 Skill: Concept Objective:
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