HUMAN AND SOCIAL CAPITAL BY: JOSEPH KIOKO REG. NO: D80/61281/2011 DATE: 05/06/2013 LECTURER: PROF. P. O. K’OBONYO Introduction and Definitions: Human capital is defined by the OECD (1998‚ p9) as “the knowledge‚ skills and competences and other attributes embodied in individuals that are relevant to economic activity.” While Duration of schooling and levels of qualification are the standard measures used to measure human capital the OECD itself
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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BMKT 600 – Services Marketing Final Exam Structure - Fall Semester 2012 - 2013 Required chapters: 7‚ 8‚ 9‚ 11‚ and 12. Exam Date: Tuesday‚ February 4‚ 2013 Exam Duration: 150 Minutes |Part |Description |Weight | |I. Objective |All lectured material | | |
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shows sales less expenses during a specified period of time. It is prepared in such a way that the profit after each expense can be determined easily. For example‚ on page 27 of our book is the Income Statement for Kramer Corporation. You can clearly see that the profit after Cost of Goods sold is $500‚000‚ even though the report
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Characteristics of Corporations Corporations represent an important type of organization. Their unique characteristics offer advantages and disadvantages. Advantages of Corporate Characteristics Separate legal entity: A corporation conducts its affairs with the same rights‚ duties‚ and responsibilities of a person. It takes actions through its agents‚ who are its officers and managers. Limited liability of stockholders: Stockholders are liable for neither corporate acts nor corporate debt
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Background Headquartered in Texas‚ Teletech Corporation operates under two main business segments: the Telecommunications Services segment‚ providing various telephone services to business and residential customers and the Products & Systems segment‚ which manufactures computing and telecommunications equipment. In late 2005‚ the Securities & Exchange Commission revealed that billionaire Victor Yossarian acquired a 10% stake in Teletech and demanded two seats on the board of directors. He felt
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DELUXE CORPORATION Contents Section 1: DELUXE Corporation 1.1. 1.2. 1.3. 1.4. Company Business Overview Macro-Evironment & Industry SWOT Analysis Porter’s Five Forces Section 2: Business & Strategy Risks / Financing Requirements Section 3: Main Objectives of the Financial Policy Section 4: Financial Flexibility – Cost of Capital Section 5: Is Deluxe’s Current Debt Level Appropriate ? Section 6: FRICTO Analysis Section 7: Conclusion - Recommendations 2 Section 1: DELUXE
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Power Tool industry (Structural Analysis) Barriers to Entry: High The major barriers to entry in this industry were found in terms of 1. Technology‚ 2. Capital investment‚ 3. Economy of scale in manufacturing‚ and 4. Brand reputation in specific market segments & product categories. Barriers to Entry (Technology/Capital Investment): Per the data given in the case study (Pg 3‚ Para 3)‚ typically it required 2-4 years for a team of 4-6 engineers to develop a new tool. This also needed
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option 3‚ Stryker Corporation can control the quality of PCB by itself. PCB manufactured in its own facility can meet Stryker’s quality requirement better than those from different contract manufacturers. Moreover‚ the quality can be more stable. Stryker would not suffer from the risk of contract manufacturers’ bankruptcy any longer. (2). Reduced cost and higher efficiency Stryker Corporation can relief its human resource from looking for new suppliers and greatly reduce management cost spent on this
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Problem Identification Even though Kao Corporations high accomplishments in Japan and South-East Asia markets‚ it still encounters difficulties in expanding into foreign markets especially beyond South-East Asia. Expanding into foreign market refers to a company expanding its business to a new territory‚ location or country. This problem arose mainly due to the fact that they are not ready to expand into the foreign market and there are too many strong competitors. Expanding into new markets require
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