The Transaction Cost Advantage of Guanxi-Based Business Practices Stephen S. Standifird R. Scott Marshall The purpose of this paper is to provide a theoretical explanation of the perpetuation of China’s guanxi-based business practices. As a complement to the social embeddedness- and resource-based explanations‚ we seek to demonstrate the perseverance and relevance of guanxi in terms of the transaction cost advantages it offers. Specifically‚ we argue that guanxi-based business practices offer certain
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Internal Analysis Tangible resources Apple’s tangible resources are extensive and widely documented despite the company’s high level of security in matters of design. The value of analysing the tangible assets of the organisation lies in the determination of the potential for the creation of competitive advantage (Grant 2007). In terms of financial resources‚ the case quotes Apple’s market capitalisation is approximately US $550 billion‚ with sales annually over $100 billion. This makes Apple the
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HBC 229N Analysis for Competitive Advantage Group Assignment Semester 1‚ 2012 Australian Company: Qantas Airways Ltd and Billabong International Limited Group Member: Erica Wee 418 5641 Deborah Kusiima 743 4006 Sabbir Ahmen 743 3840 Christina Chin Fung Fung 4201434 Executive Summary This report comprises of specific research on Qantas Airways Ltd. and Billabong International Ltd. (BBG) and their industries. In addition‚ primary sources such as the company’s official website
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think of freedom or opportunity. That was exactly what the frontier provided. The frontier came to symbolize America for numerous of reasons. The frontier gave everyone opportunity’s including black‚ female‚ or even deprived white. With the westward expansion‚ you were allowed to build your own empire no matter your primary status. Especially with the Homestead Act now in place‚ it made the West very promising. The Homestead Act was an act that assured 160 acres of free land to any citizen who settled
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Advantages and disadvantages of democracy. Concepts of democracy (essay) I’m going relate about democracy regime of operation. Actually I’ll do accent on disadvantage of democracy. Because majority of the country is developing in democracy way‚ but not every country achieves perfection in spite of that democracy is the best and more acceptable way of operation. Disadvantages of democracy. I think who represent the democracy system is the ideal political regime they aren’t right. In practice
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The NBA’s Expansion into China A Look at the Marketing Efforts of the NBA in China The first game played in the NBA was on November 1‚ 1946 in Toronto‚ Canada. The game was played between the Toronto Huskies and the New York Knickerbockers. The final score was 68-66‚ and there were 10‚000 people on hand. At that time‚ the NBA was named the Basketball Association of America‚ and was made up of eleven teams. The first 11 teams were from New York‚ Chicago‚ Cleveland‚ Detroit
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using their smartphones. It was founded in Malaysia in 2012‚ by Anthony Tan. Anthony was a student at Harvard and realised the issues in booking taxis in his home country‚ Malaysia‚ after talking to some people. He was inspired to come up with a business plan to solve this problem and then he presented it at the
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The Western expansion of the United States from 1860-1890 was a domino effect. Numerous factors came in to play which built upon themselves to cause America to grow and move west‚ but the biggest factor was the transcontinental railroad. As the railroads were put in‚ lands improved‚ trade increased‚ cities grew and territories became states. With every passing decade‚ clear growth could be seen in all aspects of life. The railroad took seven years to build between two different companies‚ but
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INTRODUCTION This case presents the actual family-business dilemma and identities have been changed to protect family privacy. The author’s opinions do not necessarily reflect the views of the Malaysian Institute of Accountants and this case was written for academic purpose only and the author disclaims any legal responsibilities. This report will be discussed more details about the issues that arise in the company. Those issues are about the leadership‚ management and also
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In 1846‚ a war was waged to seize land from Mexico. America’s desire was to expand our boundaries from Texas to California. America wanted this westward expansion as a necessity since America population was increasing. Americans felt like this was their destiny. America gained 500‚000 square miles of new land including Texas and Mexican territories. Since gaining so much new land‚ it complicated its politics on slavery issues. The presidential election of 1848 was defined by the slavery issues.
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