said that having sixteen year olds driving is a safety issue because they are young‚ new‚ irresponsible‚ and reckless drivers‚ couldn’t the same be said about eighteen year olds? The eighteen year olds would be just as new to driving as the sixteen year old drivers are. The driving age should stay at the current age of sixteen because of jobs‚ a longer amount of parental supervision‚ and also the amount of recklessness would stay the same. To start off‚ the driving age should be kept at sixteen not
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137 How competitive forces shape strategy Awareness of these forees can help a company stake out a position in its industry that is less vulnerable to attack Michael E. Porter The nature and degree of competition in an industry hinge on five forces: the threat of new entrants‚ the bargaining power of customers‚ the bargaining power of suppliers‚ the threat of substitute products or services (where applicahle)‚ and the jockeying among current contestants. To estahlish a strategic agenda
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Instant Coffee Industry in Myanmar by Porter Five Forces Title : Review on “Instant Coffee Industry in Myanmar” by Porter Five Forces Introduction If we have to talk about coffee‚ majority of people would think of it as refreshment‚ stimulant and joyous drink consumed at every time and on every occasion. Coffee industry is the second largest commodity in the world after oil industry. Coffee is also first fair tradable product that is widely available on the market. The industry is connected
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In order to outline the nature of Supermarket Power on the High Street and beyond it is first important to establish what is actually meant by the term Power. Power is a complex term used to denote influence‚ control or domination (Allen‚ 2009‚ p 59). Because supermarkets sell products of many descriptions it is important to explain that ‘shopping’ has become a large part of people’s everyday lives and it has been suggested that we now live in a Consumer Society. A Consumer Society is a label used
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1. Competitive rivalry – This is the rivalry with other airlines in your existing markets or future markets. Take for example of Malaysia Airlines‚ it will have to identify and segment its markets first. Probably it will come out with a cross matrix segments of: a. geographical markets b. demography c. Travel purposes. Let view one of the segment‚ geographical .. for Malaysia. Then we can see straight away the prominent competitor which is Air Asia. The competitor will be one of the considerations
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DRINK DRIVING Part A. Driving under the influence (DUI)‚ commonly called "drunk driving‚" it refers to operating a motor vehicle while one’s blood alcohol content is above the legal limit. Alcohol really impairs your ability to react quickly‚ make good judgements‚ and drive as well as you might normally. Social and Environmental Influences are factors that can contribute to alcohol impaired driving which often comes from friends and the situations their friends helped to create. These influences
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While the basic concept of impaired driving is not hard to grasp‚ that doesn’t mean Illinois drunk driving laws are simple‚ or that charges of driving under the influence (DUI) are so lacking in complexity that just anybody can understand and defend against them. DUI is defined in Illinois as operating a motor vehicle while impaired by alcohol or drugs‚ including medically prescribed marijuana. Since mid-July 1997‚ Illinois has used a blood alcohol content (BAC) level of 0.08 percent or above as
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Management Model‚ it shows how the external audit fits into the Strategic Management Process. Key External Forces External forces can be divided into five broad categories: * Economic forces; * Social‚ cultural‚ demographic‚ and environmental forces; * Political‚ governmental‚ and legal forces; * Technological forces; and * Competitive forces. Relationships among these forces and an organization are depicted in illustration below. External trends and events significantly affect
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US Airline Industry – Porter’s Five Forces The year 2011 was another dismal one for US airlines in terms of financial performance. Despite an increase in both passenger numbers and revenues for the year‚ profits were down on 2010. In total‚ US airlines earned net profits of about $0.4 billion‚ representing a net margin of less than 1%. The dire financial state of the industry was underlined by AMR (the parent of American Airlines) entering Chapter 11 bankruptcy in November 2011. This ended AMR’s
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American Entertainment Industry – Porter’s Five Forces In order to fully understand the buyer power involved in thee American entertainment industry‚ a macro environmental perception has to be incorporated to understand its three primary levels that affect one another. But to try and understand how American entertainment industry relates to Oprah‚ we will focus primarily on viewers of visual media rather than music and other forms of entertainment. 1. Bargaining Power of Buyers Viewers of
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