tructure‚ and Rivalry The structure and management systems of firms in different countries can potentially affect competitiveness. German firms are oftentimes very hierarchical‚ which has resulted in advantages within industries such as engineering. In comparison‚ Danish firms are oftentimes more flat and organic‚ which leads to advantages within industries such as biochemistry and design. Likewise‚ if rivalry in the domestic market is very fierce‚ companies may build up capabilities that can
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“Water is more important to human life than diamonds‚ yet tap water suppliers are less profitable than those selling diamonds. Using the concepts in MCS Chapter 3 as well as your general knowledge‚ explain why this profitability difference is likely to occur.” There are a couple of factors that come to mind when answering this question. First‚ lets look at the willingness to pay factor. We know from the text book that we can think of the product’s value to the customer as the highest price he/she
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2. Ironworking in Africa The Bantu speaking people in three thousand B.C.E. to one thousand C.E. began to migrate south and east from where they originated‚ which was the Benue region‚ in Africa. For years to follow they migrated through the Savanna‚ implementing agriculture and ironworking‚ particularly iron smelting to other African tribes. Throughout their migration‚ they assimilated with the other inhabitants of Africa‚ sharing their language‚ agricultural innovations‚ ironworking skills‚ and
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This article is about the modern country. For other uses‚ see South Africa (disambiguation). Republic of South Africa[show] Flag Coat of arms Motto: "!ke e: ǀxarra ǁke" (ǀXam) "Unity In Diversity" Anthem: National anthem of South Africa Capital Pretoria (executive) Bloemfontein (judicial) Cape Town (legislative) Largest city Johannesburg (2006)[2] Official languages 11 languages[3][show] Ethnic groups ([Note 1][4][5]:21) 79.2% Black African 8.9% Coloured 8.9% White 2.5%
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compare them‚ we can put on mind the The Diamond & Water Paradox‚ which was highly discussed in 18th & 19th century‚ and finaly resolved by Alfred Marshall and Adam Smith. The paradox is magically explained with an understanding of marginal utility and total utility. People are willing to pay a higher price for goods with greater marginal utility. As such‚ water which is plentiful has enormous total utility‚ but a low price because of a low marginal utility. Diamonds‚ however‚ have less total utility because
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Summary What are the secrets of India’s success in information technology? By using Porter’s Diamond Model‚ this article tries to answer that question. Based on the analysis‚ it seems the only determinant in the Porter’s Diamond that creates India’s success is Factor Condition (i.e. the Indian intellectual capital and “Indian connection” in Silicon Valley). The supporting determinant outside the diamond is the outsourcing trend in current global competition‚ which can be considered as the Chance
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California History Gold Rush Essay I disagree with the quote stating that the Gold Rush had relatively small impact on the history of California. I believe that the Gold Rush had a very large impact on California. California went from a cow town to industrial virtually over night. The gold was discovered in 1848. By 1852 400‚000 people rushed in. This would be the largest peacetime migration recorded. People came from all over the United States and from other countries like Latin
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kenned as the Californian Gold Rush. This Gold Rush would cause an influx of thousands of people endeavoring to get rich quick from the copious amounts of the precious metals in the ground. Although the conception of this idea being reality was tempting‚ many never made it big‚ causing a negative view of the Gold Rush to be born. Even due to this fact‚ the Gold Rush would refine and revise the U.S. economy into something it had never experienced before. How did the California Gold Rush Impact
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Education in India MODULE - VII Education Notes 18 EDUCATION IN INDIA S o far‚ you have been reading about different aspects of culture‚ such as art‚ architecture‚ religion and science. Another important aspect of our culture is education. But what is education? You may say that it means learning something in school or from books. This is partially true. Education is a learning experience. But learning takes place at all times in one’s life. However‚ whereas some other learning experiences
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Jared Diamond and Max Weber both are trying to answer the same question. How did the west become so dominate? Even though they both ask the same question they have very different theories as to how this came about. Weber has a very straight forward religious/cultural view on his theory whereas; diamond believes it all started with geography which lead to economic development. Weber’s argument is that capitalism flourished when the protestant (particularly Calvinism) ethic encouraged large numbers
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