Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) Derived demand is described as a requirement for one product that is produced due to the purchase of another product. This happens when consumers purchase goods to further their production and their purchases are due to the demand of a final product. An example of this is when the demand for housing is high; therefor the demand for lumber and other materials would be high
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Advantages and Disadvantages of Oligopoly When the market is dominated by a few suppliers‚ it is termed as oligopoly. It can be observed in the television industry of the United States‚ where the market is governed by a handful of market players. The advantages and disadvantages of this market form can be clearly demarcated. Oligopoly market form exists in the television and media industry‚ health care insurance industry‚ and cellular phone service industry of the United Sates. This is because each
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advantages- • Industrialisation has the potential to help achieve a variety of social objectives such as employment‚ poverty eradication‚ gender equality‚ labour standards‚ and greater access to education and healthcare. If carried out in a sustainable manner‚ taking into account the often fragile nature of the surrounding environment‚ societal patterns and economic conditions‚ this can achieve lasting improvements in living standards‚ incomes‚ working conditions‚ education and healthcare
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com hrmba.blogspot.com mbafin.blogspot.com Overview of Paper Industry The Indian paper industry has been historically divided on a three dimensional matrix identified by size‚ grades manufactured and raw material utilized. Generally‚ tariff rates have protected smaller units utilizing “unconventional” raw material. Over the years‚ the growth of various segments‚ investments levels in specific segments‚ technological changes‚ industry fragmentation and intensity of competition have been significantly
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Industry Analysis of the Airline Industry An Industry in which I have a potential future interest for an entrepreneurial venture is the ever changing airline industry. Although facing tough numbers after the 9/11 attacks‚ I have always held an interest for this industry. There are several basic economic characteristics for this industry. There are many opportunities‚ there are also many threats. The airline industry was heavily regulated by the Civil Aeronautics Board (CAB) for close to
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While the large corporations prefer to maintain the status quo‚ the blue collar manufacturing workers need to engage in mass mobilization efforts sot that their concerns would not be ignored in the political process. We need educate the auto industry workers and arouse grassroots campaign‚ for grassroots lobbying involves “… the identification recruitment‚ and mobilization of constituent-based political strength capable of influencing political decisions.” (Walker 45) The key is to aim the ordinary
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Case 4.1: Stakeholders and the One Industry Town‚ questions #1-3 1. Identify the stakeholders that influence and/or that are influenced by the company’s decision. The appropriate identification of stakeholders is very important to business corporations as one approach to understanding the environment in which they operate. According to this case‚ there are insufficient eligible workers in the immediate area and workers would have to be attracted from other communities. Employees want to
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use and thus brought “U.S. to become one of the world ’s top three oil producers”(Garder‚ US Reuters). On the other hand‚ this seemingly stupendous process with such salient features also bears another side – Hydraulic fracturing gives off numerous environmental risks such as contamination of ground water and surface air that can easily effect the public health. Facing all the advantages and disadvantages‚ one cannot truly determine the propriety of fracking if one does not fully understand the environmental
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Advantage (depending upon implementation some of these can turn into disadvantages) employment (1 emp/1000 tourist) (labor intensive‚ few administrative positions‚ little upward mobility.) infrastructure development (roads‚ water‚ electricity‚ telecom and cybercom‚ but not necessarily local priorities.) cultural preservation (economic incentives to preserve food‚ fashion‚ festivals and physical history‚ but these tend to be superficial elements of a culture.) environmental protection (econ incentives
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2011-04-07 Science Mrs Trennor Research Assignment: The Chloralkali Industry The chloralkali process is responsible for the production of chlorine gas (Cl2)‚ sodium hydroxide (NaOH) hence the name chloralkali. The process is also responsible for the production of hydrogen gas (H2). These three substances are used to
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