COMPETITIVE ADVANTAGE 1) The petrochemical industry produces goods that are largely undifferentiated. To be profitable‚ PCG need to be the lowest cost producer. Raw materials form the majority of PCG cost of revenue. PCG competitive advantage is‚ it has access to very low cost natural gas compared to its competitor‚ which in turn‚ means a higher gross profit margin. 2) PCG is backed by PETRONAS group‚ which also owns other 4 PLC units: i) MISC Bhd ii) Petronas Dagangan Bhd iii) Petronas
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Advantages of globalization Globalization‚ growth to a global or worldwide scale‚ has a lot of advantages to the world. First‚ it makes a peace relation. Most of the countries have relations with each other in order to boost their economy. For example‚ they leave behind any bitter in the past if there is any. Nations now try to raise capital and strengthen their stand in international trade‚ rather than hosting a war. Thus‚ globalization has induced international peace and security in a big way
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E-learning is currently huge buzzwords in education‚ as the tidal wave of the internet and the digital revolution‚ already firmly ensconced in our homes and businesses‚ marches voraciously on into our classrooms and universities. From class blogs and school e-twinning schemes to scholastic ‘apps’ and online courses‚ education is going electronic. Online learning is on the rise. According to a 2013 report by the Babson Survey Research Group‚ over 6.7 million postsecondary students were enrolled in
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exist in American and Vietnamese culture and suggest some ways to overcome them." CONTENT American and Vietnam are different not only in geography but also in culture. The culture of Vietnam varies from that of America in every single aspect of culture: ethnictity‚ people‚ religion‚ individualism‚ politics‚ food and ect. Although these factors seem to be abundant and difficult to compare. But according to Hofstede ‘s cultural dimensions‚ he described national culture with five dimensions of basic
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Failure: The Modern Interpretation Failure‚ what is failure? How do we determine who is achieving to their maximum potential and who is failing? All questions that are not easily answered‚ due to the inability of creating an efficient nonbiased system of measuring someone’s success/failure. As the Encyclopedia of Britannica would put it‚ failure is “omission of occurrence or performance and/or a state of inability to perform a normal function.” This definition only satisfies the most basic principles
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Culture Defined Culture is a complex term that consists of so many things. At the base of culture one would find people who live in social groups and share a way of living which separates them from other human groups. A culture may include rituals‚ religion‚ economic systems‚ language‚ a style of dress‚ a way of cooking‚ and a political system. People who share a culture typically follow the same rules and form a social society. Culture is not inherited‚ but must be learned and shared. A culture
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THESE DAYS PEOPLE PAY MORE ATTENTION TO ARTISTS (WRITTERS‚ PAINTERS AND SO ON) AND GIVE LESS IMPORTANCE TO SCIENCE AND TECHNOLOGY. TO WHAT EXTENT DO YOU AGREE AND DISAGREE? WHAT IS YOUR OPINION?" It is true that in resent years many people are developing more and more interest in arts and literature. At the same time‚ this attraction could cause many individuals to draw away from much more significant fields like science and technology. While I accept that this trend is increasing but in my
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Advantages: Theoretically‚ there are many benefits that can be achieved through a communist society. Communist ideology supports widespread universal social welfare. Improvements in public health and education‚ provision of child care‚ provision of state-directed social services‚ and provision of social benefits will‚ theoretically‚ help to raise labor productivity and advance a society in its development. Communist ideology advocates universal education with a focus on developing the proletariat
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Advantages of Monopoly: Monopolies do not always lead to increased prices‚ lower outputs and welfare losses. In fact‚ monopolies can often lead to increases in society’s welfare as large monopolists benefit from economies of scale in production and distribution. These falls in costs can often be passed on to consumers in the form of lower priced products. We will now discuss briefly some of the potential advantages of monopolistic market structures. • Lower production costs and increased welfare
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and diversified culture makes us unique from other country. The multi-ethnic social construct of different races from Malay or Bumiputras‚ Chinese and Indian are the 3 main prominent races that dominate the society. There are also other ethnic groups called the Orang Asli‚ which means aboriginals of the land. In Sarawak and Sabah‚ the largest aboriginal tribes are the Ibans and Kadarzan. With multi ethnic group living together in society‚ we learn and understand others’ culture‚ values‚ belief
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