TELECOMMUNICATIONS INDUSTRY The telecommunication industry is considered a vital part of our everyday lives. Although it only represents about 2.4 percen‚ the services it provides are important to other sectors in the economy. One of the most debatable topics in economics is the Telecommunication Act of 1996‚ and according to the Federal Communication Commission‚ “It is the first major overhaul of telecommunications law in almost 62 years. The goal of this new law is to let anyone enter any communications
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PETROLEUM I. HISTORY The petroleum industry includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze‚ and also for warfare. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many
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Assignment 1: Porter’s Five Forces Analysis L(Deia J. McNeal Strayer University Companies not only have to be able to survive but also thrive as a lucrative business in today’s market. In order to gain the ability to survive and thrive‚ as well as‚ establish longevity‚ companies must create a competitive advantage. In this instance‚ the industry is the desktop computer. For the sake of the analysis‚ I will call the company seeking to enter the desktop computer industry -- Plum. Plum Computers
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Forces of Change Theresa Kenworthy Managing Change February 4‚ 2013 Change in the World as a whole is a certainty. In the business world‚ if a company is to succeed‚ change must not only be accepted‚ but predicted‚ planned for and strategized toward. As creatures of habit many of us fight change‚ preferring to keep the status quo. Inability or unwillingness to embrace change however‚ would be a death sentence to a company trying to make it in business. Our text attempts to define change
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CHEMICAL INDUSTRY The chemical industry comprises the companies that produce industrial chemicals. It is central to modern world economy‚ converting raw material (oil‚ natural gas‚ air‚ water‚ metals‚ and minerals) into more than 70‚000 different products. The chemical industry is a key contributor to the world economy. It is a knowledge-based industry with significant investments in R&D. The industry supplies to virtually all sectors of the economy. In terms of consumption‚ the chemical industry is
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Porter’s 5 forces summary According to Porter‚ in order to achieve competitive advantage over its competitors‚ analysis of current industry structure is vital because the structure of an industry determines the nature of the competition and the form that a sustainable competitive advantage takes and the industry structure is determined by the five competitive forces; the treat of substitute‚ the treat of entry‚ bargaining power of buyer‚ and bargaining power of supplier and the intensive of rivalry
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Main Aspects of Porter’s Five Forces Analysis The original competitive forces model‚ as proposed by Porter‚ identified five forces which would impact on an organization’s behaviour in a competitive market. These include the following: • The rivalry between existing sellers in the market. • The power exerted by the customers in the market. • The impact of the suppliers on the sellers. • The potential threat of new sellers entering the market. • The threat of substitute
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The Casino Industry Case Study By: Index: ❖ Executive Summary ❖ Analysis Section (SWOT) ❖ Alternative Identification ❖ Recommendation ❖ Sources Executive Summary There is very wide range of legal gaming / gambling across the globe. This includes various games of chance and gambling forms ranging from casino and card room gaming‚ lotteries‚ online gaming‚ race and sports wagering and charitable gaming‚ such as raffles‚ bingo and other low technology
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Executive Summary The United States wine industry is a 12 billion dollar industry and is composed of 7‚000 wineries and around 1‚800 different companies. The three major companies within the industry are Constellation brands‚ E&J Gallo‚ and The Wine Group Inc. The industry has made its way through the economic crisis at a better rate than some of the other U.S industries however in order for them to continue to see any type of growth it is important that they acknowledge their issues and find
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Case: The Pharmaceutical Industry Historically‚ the pharmaceutical industry has been a profitable one. Between 2002 and 2006 the average rate of return on invested capital (ROIC) for firms in the industry was 16.45 percent. Put differently‚ for every dollar of capital invested in the industry‚ the average pharmaceutical firm generated 16.45 cents of profit. This compares with an average return on invested capital of 12.76 percent for firms in the computer hardware industry‚ 8.54 percent for grocers
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