resources. Some of Sierra Leone’s natural resources include: diamonds‚ titanium ore‚ bauxite‚ iron ore‚ gold‚ and chromite. Rice‚ coffee‚ cocoa‚ palm kernels‚ palm oil‚ and peanuts are just some of the agriculture products located in Sierra Leone. Its main imports are machinery and transport equipment‚ foodstuffs‚ and fuel. Its exports are mainly gold and diamonds. Sierra Leone being known for its “blood diamonds” or “conflict diamonds”. The standard of living in Sierra Leone is very poor. Much of
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How to Create a Winning Business Idea--in Six Easy Steps I often meet business founders whose minds are overflowing with brilliant ideas for new products. They seem to develop terrific new concepts every single day of their lives. They are watchful‚ always inquiring‚ perceptive and continually seeking (and often finding) the next big thing. Their never-ending challenge is to pick a winner—(only one!)–out of scores of possibilities‚ and run with it. On the other hand‚ I listen to intelligent
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focused on limited aspects. “There are currently fifteen African countries involved in war‚ or are experiencing post-war conflict and tension. At the base of these wars is the rich natural resources each of these poor countries hold of timber‚ oil‚ and diamonds”(African sun news). Unreported use of the money to create and fund wars. The wars serve the purpose of creating a distraction‚ as the countries and their displaced citizens are robbed of their countries ’ natural resources‚ which are easily converted
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INTRODUCTION Diamond Chemicals a major global competitor in the chemical industry and a leading producer of polypropylene. In 2001 the Corporation was facing losses in earnings and the slowdown of the global economy. The Earning per Share (EPS) had fallen by 50% from 1999 to 2000. The controller of the plant in Merseyside proposed a project of £9 million to renovate and rationalize the polypropylene production line at the plant to compensate for deferred maintenance and to exploit opportunities
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Porter’s Diamond Benedictine University International Business Professor Samir Moussalli July 21‚ 2013 Porter’s Diamond The industry that is most interesting to me is the coffee industry. It is a known fact that 90 percent of the world’s coffee production takes place in developing countries. (www.businessinsider.com) The country that ranks number one in coffee production is Brazil. While Finland drinks the most coffee per capita in the world‚ Brazil ranks number thirteen
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his dream would happen but it did not take long before he found out. Upon his graduating from college‚ he got a job working for a jeweler even though he knew nothing about jewelry. That work started his passion for diamonds and he never looked back. Oscar received a degree in diamonds and learned everything that he could learn about them. The determination he showed was what helped him get started in his success (Robbins & Judge‚ 2009). Personality Personality tests are very interesting in the
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criteria for 49 countries. How might Porter’s diamond of national advantage help to explain the rankings for some of thes countries for certain industries that interest you? According to Porter‚ a nation attains a competitive advantage if its firms are competitive. Firms become competitive through innovation. Innovation can include technical improvements to the product or to the production process. Four attributes of a nation comprise Porter’s "Diamond" of national advantage. They are: factor conditions
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things had. What do they mean to their lives‚ especially their families. Because they understand without families they don’t have anything. Also in this movie‚ it’s true the people who buy diamonds create the demand for this business‚ but who should be blamed are only those who seek the diamonds illegally. Otherwise we should blame every rich man. Why? Because somebody makes money‚ there must be someone who loses money. Do we want to blame the people who made others poor? Then there should
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1. Explain Porter’s Diamond Porter introduced group of interconnected firms‚ suppliers‚ related industries‚ institutions. Competitive advantage of nations have been the outcome of four interlinked advanced factors and activities: these interrelated links Factors for Competitive Advantage for the countries or regions in Porter’s Diamond are as follows: 1 Factor conditions - such as skilled labor‚ land‚ natural resources‚ capital and infrastructure. Porter argues that the "key" factors
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OIL CONFLICT: NIGERIA 1. How does the extraction and exportation of oil affect conflict in Nigeria? How does the demand for oil in America and other industrialized nations affect the conflict in Nigeria? The conflict surrounding the extraction and exportation of oil in Nigeria exists between the oil companies‚ the Nigerian citizens‚ and the Nigerian government. Despite being one the largest producers of oil in the world‚ over 60% of Nigeria’s citizens continue to live below the poverty line.
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