the United States‚ we have become familiar the reputations of certain goods based on their country of origin. Some examples include Swiss-made watches‚ German automobiles‚ Tulips from Holland‚ Argentine beef. Michael Porter uses his "Porter ’s Diamond" theory to explain why some countries have a comparative advantage in relation to others in specific industries. Porter theorizes that four broad attributes (factor endowments‚ demand conditions‚ relating and supporting industries‚ and firm strategy
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DPorter’s Diamond Model on Competitiveness Factor conditions for production are the inputs and infrastructure necessary for competition‚ which include: • Human resources: quality and quantity of skilled labor‚ cost of personnel‚ and labor skill variety; • Physical resources: “the abundance‚ quality‚ accessibility‚ and cost of the nation’s land‚ water‚ mineral‚ or timber deposits‚ hydroelectric power sources‚ fishing grounds‚ and other physical traits.” (Porter‚ 1990‚ p. 74); • Knowledge resources:
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As a result‚ I could not eat any hard food for a month‚ such as my favorite fries and sausage. Gerald Diamond‚
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Which of these are the main sources of regulations governing financial reporting in Australia? A) The Corporations Act‚ The AASB‚ CLERP B) Accounting standards‚ conceptual framework‚ stock exchange listing rules C) Government legislation‚ stock exchange listing rules‚ accounting standards D) AASB‚ FRC‚ government legislation. If there is a conflict between the provisions of the Framework and the requirements of the accounting standards A) The statements of accounting concepts prevail B) The
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At one time Enron was one of the world’s largest producers of natural gas‚ oil‚ and electricity. It also appeared to be one of the most profitable companies‚ taking shareholders from $19.10 in 1999 to $90.80 by the end of 2000. Enron’s top management answered to a Board of Directors whose responsibility was to question and challenge new partnerships‚ ventures‚ and decisions within the company. On several occasions‚ Andrew Fastow‚ the company’s Chief Financial Officer approached the board of
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The environmental change and the collapse of Easter Island Ruud Coumans In this paper‚ we will search for an explanation of the mystical collapse of society on Easter Island‚ during the 18th century. We’ll use the second chapter for the book “Collapse. How Society Choose to Fail or Succeed” by Jared Diamond. First we will summarize some of the evidence supporting the explanatory framework of the author to give an outline of the situation. Then we will state the research question. After that we
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In May 2000‚ the National Highway Traffic Safety Administration (NHTSA) in the United States issued a letter to the Ford Motor Co. and Firestone Inc. asking for information about the high incidence of tire failures on the Ford Explorer Sport Utility Vehicles (SUVs). During July‚ Ford analyzed the data on tire failures. The analysis revealed that Firestone Radial 15 inch ATX and ATX II tires produced in North America and Wilderness AT tires produced at Decatur‚ Illinois Plant had very high failure
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capture the essence of what I create‚ whether it is a person‚ an object‚ or anything you can imagine….”‚ says Jared Emerson. Jared Emerson has gained attention for his innovative artistic talent. While he states he loves all medias as well as topics‚ his most recognized artistic expressions are created by using only his hands‚ paint‚ and a canvas where he creates amazing portraits. Jared is truly a unique performance artist whose talent is quickly becoming recognized on a national scale. As the
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Allegations of Diamond Foods Inc.’s’ Understatement of Accounts Payable. Abstract On November 1‚ 2011‚ Diamond Foods Inc.’s (NASDAQ: DMND) unexpectedly disclosed serious discrepancies (possible understatement of accounts payable) regarding its 2011 financial statement reports and as a result announced its decision to delay its acquisition of the Pringles snack business from Procter & Gamble Company (P&G) (NYSE: PG). Naturally‚ the November 1‚ 2011 confession caused an immediate
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EXPLAINING THE WATER-DIAMOND PARADOX One of the most famous puzzles in economic theory is why Diamonds are more expensive than water. In our case we consider GOLD in case of DIAMONDS. Water is essential for life; it is so useful that without its consumption one cannot live or survive. On the other hand‚ diamonds‚ though attractive and beautiful‚ satisfy less human important needs than water. Then‚ how it can be that in the market a less useful commodity like diamonds is so expensive and a useful
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