Johannsen Steel Company (JSC) initially focused on high-quality‚ high-carbon‚ and high-margin steel wire and ever made big success. In 1946 it was sold to West Virginia Steel (WVS) and then experienced the shocking change of steel industry during 1960s and 70s. Facing the pressure of competitors‚ JSC began to intend to expand sales and cut cost to maintain its profit level. As a result‚ the sales revenues kept increase‚ but the net profit was very low (no more than 2%). JSC now has to make some
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Guns‚ Germs‚ and Steel Video Questions/ Answers Episode 1 Name: Cindy Liu Per______ Jared Diamond has a theory about what causes huge discrepancies among different countries‚ and he says it boils down to geographic luck. What was great about the “Fertile Crescent”? The big four livestock animals; cows‚ pigs‚ sheep‚ and goats‚ were native to the Middle East. Also‚ due to its fertile land‚ the Fertile Crescent housed the best crops in the world. The great crops and animals it had benefited the civilizations
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Guns‚ Germs and Steel Jared Diamond‚ author of the Pulitzer Prize Winning‚ National Best Selling book Guns‚ Germs and Steel‚ summarizes his book by saying the following: "History followed different courses for different peoples because of differences among peoples ’ environments‚ not because of biological differences among peoples themselves." Guns‚ Germs and Steel is historical literature that documents Jared Diamond ’s views on how the world as we know it developed. However‚ is his thesis that
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1.0 INTRODUCTION The Industrial Revolution of the 19th Century had paved the way to the development of organized systematic approaches to management. One of the most influential contributors to the management theory is Henry Fayol. He was the first management theorist who used the term ‘administration’. His theory is generally understood as administrative management theory or Fayolism. In his theory‚ he focused on the top-level management and managers’ actions‚ divided the activities of an organization
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illustrated below; • Equity is stock or any security that represents ownership interests. In BlueScope Steel‚ stocks are the total amount of shares of the company that represents the owner’s interests • The amount of money that has been contributed by the owners commonly referred to as stockholders or shareholders and their retained earnings and losses. It’s also called shareholders equity. BlueScope Steel has millions of shareholders who have
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ECONOMIC ANALYSIS OF INDUSTRY India Steel Industry Steel Companies in India The steel industry‚ in general‚ is on the upswing‚ due to strong growth in demand propelled particularly by the demand for steel in China. The world scenario coupled with strong domestic demand has benefited the Indian steel Industry. [pic][pic]During April-December 2004- 05‚ production of finished steel recorded a growth of 4 percent over the corresponding period of the previous year to reach 28.3 million tonnes
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INTRODUCTION Tata Steel‚ formerly known as TISCO and Tata Iron and Steel Company Limited‚ is the world ’s sixth largest steel company‚ with an annual crude steel capacity of 31 million tonnes. It is the largest private sector steel company in India in terms of domestic production. Ranked 258th on Fortune Global 500‚ it is based in Jamshedpur‚ Jharkhand‚ India. It is part of Tata Group of companies. Tata Steel is also India ’s second-largest and second-most profitable company in private sector
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Ispat Nigam Limited - Visakhapatnam Steel Plant (RINL-VSP) is India’s first shore-based integrated Steel Plant built with state-of-the-art technology and is a prime producer of long steel products in the country having extensive market in infrastructure‚ construction‚ automobile‚ electrical and forging industry. With an annual turnover of over 14‚000 crores‚ the Company is poised to commission its second phase of expansion from 3.0 Mtpa to 7.3 Mtpa liquid steel capacity by 2013-14. We have also commenced
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WEYMOUTH STEEL CORPORATION Weymouth Steel Corporation is currently in the sort of dilemma which may turn into a disaster for the company. However‚ given the situation if the top management is able to inspire its employees (who survive this downsizing) with a vision and hope for the rejuvenation of the company; this dilemma can easily become a pivotal time for its success. Once the bad news is broken and the downsizing process starts‚ stress is inevitable; for both the employees who will be terminated
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professor. This sparked Jared Diamond to answer this question by turning back the clocks of time to an era where everyone lived the same. This is the beginnings of Diamond’s ground breaking and heartwarming three- part documentary called “Guns‚ Germs‚ and Steel.” This documentary goes deep into history and answers the main question of‚ “How did our worlds become so different?” Jared Diamond takes on the challenge most philosophers wouldn’t dare try of dividing the haves and have-nots of the world
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