To help better understand Mexico’s culture‚ a brief overview of Geert Hofstede’s study of different cultures would be useful. Hofstede’s cultural taxonomy helps in the understanding of cultural differences. Hofstede proposed that people carry mental programs that are developed during their childhood and are reinforced by their culture (Lustig‚ Koester‚ 2006‚ p.114). Through these programs‚ the ideas of a culture are expressed through its principal values. Hofstede conducted a study of over 100‚000
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THE DYNAMIC DIAMOND INDUSTRY: IS IT FEASIBLE FOR ITS PLAYERS TO GAIN SUSTAINABLE COMPETITIVE ADVANTAGE? Nkiruka Chidia Maduekwe ABSTRACT: This report seeks to analyse the diamond industry from a global point of view. The diamond industry is global in nature. Its supply chain pipeline moves from one country to the other‚ thus making it impossible to analyse the industry from a regional or local angle‚ as so doing will fail to give the true picture. As an industry whose product derives its value
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centuries‚ diamonds have been regarded as one of the most valuable commodities in the world and the industry has evolved into billions of dollars. At the top‚ De Beers dominated the entire industry worldwide‚ from exploration to retail selling. However‚ it has a reputation of a monopolist‚ where it influences supply and demand. The two critical factors that De Beers carefully maintained throughout the century to remain in monopoly was to create the illusion of the scarcity of the diamonds and to keep
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consumers by pricing. The De Beers Diamond Company is an example of a monopoly. De Beers is a company that dominates the diamond‚ diamond trading and diamond mining since the late1800’s. It is a miner and buyer of 70%-90% of the world’s rough diamonds up to the end of the 20th century. Cecil Rhodes‚ an English-born businessman‚ was the founder of the company. He broke into the diamond business in South Africa by renting water pumps to miners before buying diamond fields of his own. In 1880‚ he bought
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Hofstede Cultural dimensions: India is a vast country known for its diversified culture and traditions. The unique characteristic of India is its “unity in diversity”. In India Relationships and feeling plays a larger role in decisions. Indians tend to take larger risks with a person whose intentions they trust. Thus‚ one’s credibility and trustworthiness are critical in negotiating a deal. Indians are ‘polychronic’ people‚ ie they tend to deal with more than one task at the same time. Indians
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Hofstede cultural dimensions 5 dimensions Power distance is defined as "the extent to which the less powerful members of institutions and organisations within a country expect and accept that power is distributed unequally". Individualism pertains to societies in which the ties between individuals are loose: everyone is expected to look after himself or herself and his or her immediate family. Collectivism as its opposite pertains to societies in which people from birth onwards are integrated
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Genero1@aol.com De Beers and the Diamond Monopoly Report - Guide Thomas Schieder I.-No.: 648792 SS00 – Wirtschaftsrecht SuK - Economic Policy 1. History 1.1 De Beers and the Diamond Cartel 1.2 Cecil Rhodes and the discovery of Diamonds in South Africa 1.3 Evolution of the Cartel 1.4 The Cartel in action 1.5 Stockpiling 2. U. S. Antitrust Law 2.1 History and Motivation 2.1.1 The Sherman Act 2.1.2 The Clayton Act 2.2 Extraterritoriality 3. De Beers in 2000 Sources: - Harvard Business
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ge1 Operation Management 1.1 Definition Operation Management is the activity of managing the resources which produce and deliver goods and services (Slack et al‚ 2010). These activities commences from the very initial production stage of information gathering right up to the final stage of consumer consumption of the product. Every organization does operation management even if they do not notice it. All organizations produce goods and/or services and to create goods and/or services‚ the organization
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bureaucratization and stability as well as cultural advancement that do not favor for the kind of “easy bribes” that had allowed the company to control the quantities sold worldwide. However‚ even in Africa other obstacles appeared. While Angolan and West African output were being diverted to other channels‚ the concerns about conflict diamonds – reaching their peak with outbursts in Angola through the 90s – also damaged De Beers’ image and only made it more difficult for those diamonds to be sold through the CSO
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middle” of the diamond engagement ring market Vision and Mission “Blue Nile’s vision is to educate its customer base so that customers can make an informed‚ confident decision no matter what event they are celebrating. It wants to make the entire diamond-buying process easy and hassle-free. In addition‚ an important part of Blue Nile’s vision as CEO Diane Irvine said in a recent webinar with Kaihan Krippendorf‚ is for the company to be seen as the “smart” way to buy diamonds‚ while saving
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