They are: factor conditions‚ demand conditions‚ related and supporting industries‚ and domestic rivalry. Factor conditions refers to inputs used as factors of production - such as labor‚ land‚ natural resources‚ capital and infrastructure. Switzerland was the first country to experience labor shortages. They abandoned labor-intensive watches and concentrated on innovative/high-end watches. Japan has high priced land and so its factory space is at a premium. This lead to just-in-time inventory Sweden
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countries or regions in Porter’s Diamond are as follows: 1 Factor conditions - such as skilled labor‚ land‚ natural resources‚ capital and infrastructure. Porter argues that the "key" factors of production (or specialized factors) are created‚ not inherited. Specialized factors of production are skilled labor‚ capital and infrastructure. Non-key" factors or general use factors‚ such as unskilled labor and raw materials‚ can be obtained by any company and‚ hence‚ do not generate sustained competitive
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Sweatshops 1 Sweatshops and the Children that work in them Lisa Marsh Strayer University Business Ethics 290 Professor Tacha Brooks Sweatshops 2 Abstract There are so many children that are being forced and used to work in such poor conditions. I feel this is ethically wrong to basically use children in this fashion in order to mass produce a product. It exploit children in one of the worse kind of ways almost like imprisoning
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could be sold throughout the world. I think about the old days when they had men actually risking their own lives to build skyscrapers and like the many hardworking men who work in mines miles beneath the earth. I do not condone the cheap labor / hard labor that other countries benefit from to make products that could be made here. I think it is immoral on a few levels; first off the factories are making a ton of money and are not spreading the wealth to those who work hard for them. Another
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PHILIPPINE AIRLINES‚ INC.‚ respondent. July 16‚ 2012 Doctrine: The Court ruled that both Article 287 and PAL’s retirement plans are alternative in nature and the retired pilot only is entitled to which have the superior benefits. Article 287 of the Labor Code is applicable only to a situation where: there is no CBA or other applicable employment contract providing for retirement benefits for an employee‚ or if there is a CBA or other applicable employment contract providing for retirement benefits
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to employers since it is more likely that they will be taking leave. According to the Department of labor‚ almost 46
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were 90 percent complete with respect to materials and 50 percent complete with respect to conversion costs. The cost of the units was $38‚000 ($25‚000 of material cost and $13‚000 of labor and overhead). During November‚ the company started 44‚000 units and incurred $421‚970 of material cost and $394‚880 of labor and overhead. The company completed 45‚000 units during the month‚ and 3‚000 units were in process at the end of November. The units in ending Work in Process were 85 percent complete with
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everybody have to come in town‚ it is the only Mechanics & Body works shop in its area‚ it’s the cheapest in the country‚ the most affordable and gives the best of the best job to be done. Selection of appropriate Labor General Blams Mechanics & Body works shop requires a skilled labor force; persons who have a certificate in Mechanics & Body works it also requires persons with CSEC subject/ `A’ level Subjects which include: Mathematics: 2/1‚ English: 2/1 and any business subject. It want at least
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of their Economic Effects and Review of the Policy The World Bank International Population Conference on Migration‚ Urbanization and Development July 8th‚ 2013 The World Bank‚ East Asia Pacific Region‚ Human Development Dept. Social Protection & Labor Unit Objective This study aims to help MOHR to better… Manage existing human resources in the country. • Plan for the development of future human capital needs. • Two Interlinked Components I. Human Resource Management 1. 2. 3. 4. 5. Identify
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I. INTRODUCTION In a developing country like the Philippines‚ the child labor phenomenon remains widespread. Today‚ we find hundreds of thousands of Filipino children being deprived of the oppurtunity to share in the prospects of development. The door of the opportunity is close on them simply because their “childhood is wasted in premature work (ILD 1994) rather than nurtured in school and at play. And doubtedly‚ many stand witnesses to this bleak scenario in the workforce. How the lives of this
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