for several years as a committee member in the Museum Computer Group‚ a group interested in the relationship between the museums and digital technologies. In what ways‚ do you feel that digital technologies can further develop to enhance the future prospects of Museums? The Museum Computer Group is an open and interesting group. I was involved in a couple of their conferences and some of their meetings and it was really interesting. What I found quite frustrating‚ quite difficult it is that they
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Prospect theory Prospect theory was developed by Daniel Kahneman and Amos Tversky in 1979 as a psychologically realistic alternative to expected utility theory. It allows one to describe how people make choices in situations where they have to decide between alternatives that involve risk‚ e.g. in financial decisions. Starting from empirical evidence‚ the theory describes how individuals evaluate potential losses and gains. In the original formulation the term prospect referred to a lottery.
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Wal-Mart Stores Inc.‚ May 2002 Robert M. Grant Wal-Mart Stores 1. TO WHAT EXTENT IS WAL-MART’S PERFORMANCE ATTRIBUTABLE TO INDUSTRY ATTRACTIVENESS AND TO WHAT EXTENT TO COMPETITIVE ADVANTAGE? A company has a competitive advantage over its rivals when its profitability is greater than the average profitability of all companies in its industry. It has a sustained competitive advantage when it is able to maintain above-average profitability
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INDIAN MUTUAL FUND INDUSTRY: CHALLENGES AND FUTURE PROSPECTS Ms.Renu Introduction India has been the fastest growing markets for mutual fund industry. With progressive liberalization of economic
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Career prospects 1. Before you strike off in pursuit of a career that really lights your fire‚ take some time to do some serious self-exploration. Make a list of all things in your life that you have really enjoyed. It could be work or play‚ an event‚ or a period of time in your life. Pick one and start digging into reasons why. Get beyond what you love doing‚ and break it down into the underlying characteristics. Think of it as identifying your passion’s building blocks. Once you have a picture
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Prospect House The story Prospect House‚ written by Frances Childs is a realistic description from the bottom of the social heap. In the story we meet Kim‚ a girl with a bleak background who has an identity crisis. This crisis is presumably caused by the mother she never had‚ and it is the red line in the story; the author clearly illustrates that parent’s plays an important role in their children’s live‚ especially when they are not there. The story takes place outside the city‚ probably near
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Are multination corporations such as Wal-Mart helpful or harmful to the global economy? To a lesser extent‚ multinational corporation such as Wal-Mart are harmful to the global economy. Multinational corporation is a corporation or company that is registered in more than one country or that has operations in two or more countries. Global economy generally refers to the economy‚ which is based on economies of all of the world’s countries’ national economies. Also‚ global economy can be seen as the
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1. PepsiAmericas In 2000 PepsiAmericas merged with Whitman Corp and became the second largest Pepsi bottler of the United States. On the 1st of March 2010 PepsiAmericas became a division of PepsiCo’s‚ Pepsi Beverages Company. Today PepsiCo makes $60 billion in revenues and has 285‚000 employees. PepsiAmericas chose to implement a PeopleSoft ERP solution to increase the profitability of the company. The core ERP components helped PepsiAmericas to improve its business by establishing a complete
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Activists WAL MART’S Published by Wal-Mart Watch • 1130 Connecticut Ave. NW Suite 430 • Washington‚ DC 20036 • http://walmartwatch.com WAL-MART’S INTERNATIONAL EXPANSION “All around the world‚ we save people money‚ so they can live better. That’s good news – in any language.” – Wal-Mart Stores Inc. As of May 2007‚ Wal-Mart’s 7‚343 stores and Sam’s Club locations in 14 markets employ more than two million Associates world wide‚ serving more than 179 million customers a year. Wal-Mart isn’t just
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Summary of the learning points (ranked by importance to you) Today’s class discussed the mental accounting for money management. 1. Prospect theory. The theory can be represented by a value function‚ as shown below. The value function starts from a reference point‚ and is normally concave for gains‚ and convex for losses. It is also steeper for losses than for gains. The theory intends to explain why people behave irrationally when making choices. 2. Framing effect. It refers
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