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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Based on the movie “Blood Diamond” directed by Edward Zwick‚ it talks about a rare diamond discovered in a diamond mine located in Africa‚ where its plot is regarding the abusing of humanity for the high prices of diamond trade. Danny Archer is a diamond smuggler in Africa who seeks for a large amount of money which enables him to leave Africa for good. Due to his strong survival instinct‚ he made himself the key player in the conflicting business of diamonds. However‚ when he met Solomon in the
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The correlation’s between Kaplan and Norton’s “Mastering the Management System” and Porters “Five Competitive Forces that Shape Strategy” are significant. Managers need to have a complete understanding of their company’s surroundings in order to change their strategy. These two articles combined could be considered a 2-step process in itself. Step one‚ analyzing the environment of an industry utilizing Porters Five Forces model and step two‚ following the five stages laid out by Kaplan and Norton
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Education quality in Indonesia has been increasing by year. It is because the government was set several regulations to increase education quality such as minimum quantity of passed students‚ higher minimum qualification value and so on. Some schools which are in towns or cities‚ the government set them to be National Standard Schools (Sekolah Standar Nasional) even International Standard Schools (Sekolah Standar Internasional). Nowadays‚ some national or international standard schools are applying
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Porter ’s five forces is a framework for the industry analysis and business strategy development developed by Michael E. Porter . It draws upon Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Three of Porter ’s five forces refer to competition from external sources. The remainders are internal threats. It is useful to use Porter ’s five forces in conjunction with SWOT analysis (Strengths‚ Weaknesses
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Diamond Chemicals PLC (A): The Merseyside Project Late one afternoon in January 2001‚ Frank Greystock told Lucy Morris‚ “No one seems satisfied with the analysis so far‚ but the suggested changes could kill the project. If solid projects like this can’t swim past the corporate piranhas‚ the company will never modernize.” Morris was plant manager of Diamond Chemicals’ Merseyside Works in Liverpool‚ England. Her controller‚ Frank Greystock‚ was discussing a capital project that she wanted to propose
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sesuai Nama: .............................................. UJIAN MASUK PROGRAM PASCASARJANA MATERI UJIAN: BAHASA INGGRIS WAKTU: 90 MENIT J a n g an d i b u k a d u l u . Tu n ggu p etu n ju k . PENDIDIKAN PASCASARJANA UNIVERSITAS INDONESIA -2.1- -2.1- SECTION 1 STRUCTURE AND WRITTEN EXPRESSION This section is designed to measure your ability to recognize language that is appropriate for standard written English. There are two types of questions in this section‚ with special
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Case 20: Diamond Chemicals plc (A) --PT07 Group 10 INTRODUCTION: Diamond Chemicals is a large worldwide chemicals producer with two factories in Liverpool England and Rotterdam Holland. Both of their plants were built in 1967 with annual output of 250‚000 metric tons polypropylene. Compare with low-cost producer‚ the production cost per ton is 1.09 which is a little bit high than competitors (see Exhibition 1). With the decline EPS from £60 in 1999 to £30 in 2000 and worldwide economic slowdown
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Family name Bao First name Cheng ( Steven ) Title: The analysis of Nike in athletic footwear market based on porter’s Five forces model 1. Introduction One and a half months ago‚ the biggest athletic event in the world ultimately drew its curtains after a pitched one-month-long battle‚ which saw thirty-two teams vying for the roll of honor of being crowned the final kings of football – the World Champions – and earn bragging rights for four years at least. It was not only
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In Jared Diamonds book Collapse‚ he talks about different issues that can hurt the environment. These issues varied from environmental damage‚ climate change‚ hostile neighbors‚ and friendly trade partners‚ but most importantly is how society responds to the problem. Today a major problem that our society is facing is Electronic Waste. With technology becoming more advanced each year the demand for new products is increasing. Though this might seem good for the people‚ it actually is hurting are
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