Abstract Mutual Mistake of fact is when both parties of a contract make an assumption of fact when contract is formed and signed. The mistake must significantly change what you have to do under the contract‚ almost to the point where it’s an entirely different agreement. Although‚ if you knew there was a strong chance or probability of mistake at the time the contract was signed‚ you may have assumed the risk of that mistake. You therefore cannot use the mutual mistake defense. Not all cases
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Porter’s Five Forces Analysis - Maruti The Porter’s Five Forces analysis is designed to evaluate the competitive forces in the industry the firm operates. If it determines that the combination of forces in the industry act to reduce profitability‚ it is saying the industry is unattractive. Even worse is an industry close to total competition. Keep in mind that this exercise evaluates the industry‚ not the firm. As such‚ this assessment would apply to Ford‚ Chrysler‚ Toyota‚ Honda‚ or any other
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Individual Assignment Question 1 Word Limit : 1000 words In about 1000 words‚ highlight importance of conducting environmental scanning for a business organization. Question 2 Word Limit : 1000 words Conduct a detailed SWOT and Five Forces analysis for a business organization that you are familiar with in about 1000 words. Importance of Conducting Environmental Scanning for a Business Organization The success of certain organizations depend
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FIVE COMPETITIVE FORCES OF INDUSTRY Michael Porter has postulated that the intensity of competition in an industry is determined by its underlying economic structure1. And he further contends as we saw above‚ that the industry structure is shaped by five basic competitive forces: the threat of new entrances into the industry‚ the bargaining power of suppliers to the industry‚ the threat of substitute products or services‚ the bargaining power of customers or buyers‚ and the Rivalry among Existing
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Porter’s Five Forces Model of Industry Structure An industry is a group of firms that market products which are close substitutes for each other (e.g. car industry‚ travel industry). Some industries are more profitable than others. Why? The answer lies in understanding the dynamics of competitive structure in an industry. The most influential analytical model for assessing the nature of competition in an industry is Michael Porter’s Five Forces Model‚ which is described below: Porter explains
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chain of hamburger fast food restaurants‚ daily serving around 68 million customers in 119 countries. (mcdonalds.com & burgerbusiness.com) In the year of 2011‚ the net income has reached 27 billion USD with net profit of 5.5 billion USD. In the recent five years‚ McDonald’s revenue kept increasing and the average increase rate was 3.1 %.( McDonald’s annual report‚2011). Subway which is owned and operated by Doctor’s Associate is an American restaurant franchise which mainly sells sandwiches and salads
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Chapter 1 Company profile INTRODUCTION TO SBI MUTUAL FUND SBI Funds Management Pvt. Ltd. is one of the leading fund houses in the country with an investor base of over 4.6 million and over 20 years of rich experience in fund management consistently delivering value to its investors. SBI Funds Management Pvt. Ltd. is a joint venture between ’The State Bank of India ’ one of India ’s largest banking enterprises‚ and Society General Asset Management (France)
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LTL Industry 5-Forces Analysis Power of Suppliers – High Suppliers in this industry: Labor‚ truck manufacturing‚ and fuel The power of the suppliers in this industry is relatively high because of the inability of the companies to control these suppliers. In the case of labor‚ the unions frequently battle the companies for higher wages and benefits. These unions also set up strikes which cripple companies who use union workers as their main labor force. These unions have high power since the companies
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Porter’s Five Forces Analysis Threat of New Entry There are many companies manufacturing and selling office products at an international level. New entrants can find it easy to enter and establish their position in the market by basing their strategy on low cost. The market offers growth opportunities to new entrants as well indicating low entry barriers for the firms wanting to enter into the area of office products. Therefore it can be stated that Staples Inc is operating in an industry where
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Mutual Dependence In the play Waiting For Godot by Samuel Beckett‚ the main characters Estragon and Vladimir display a complicated relationship. Estragon and Vladimir accompany each other‚ share the same fate of waiting for Godot and are dependent on each other for survival. Yet‚ their relationship lacks the qualities of a true friendship in that they withdraw from deeper interactions with one another. Throughout the play‚ Vladimir and Estragon suggest whether they would be better off alone but
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