The Victor Diamond Mine When Land Can Be Worth More than Diamonds SCN1Dd Prepared by Eric Best Prepared for Mr. Grieg & Mrs. Chan March 4th 2012 The Victor Diamond Mine near James Bay in Northern Ontario rose lots of controversy over the environmental‚ economic‚ and social issues created by the mine. While the company that owns the mine‚ De Beers‚ says that the new mine will bring Canada new revenue and will boost the economy‚ the people of the Attawapiskat First Nation are in discontent
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First Book Critique: Collapse by Jared Diamond Collapse‚ written by Jared Diamond‚ shows how environmental problems in today are connected with many of the same environmental reasons of collapse in ancient civilizations. Diamond wrote this book to show that if people don’t take care of the land while there is time‚ the whole world could end up collapsing just like many other ancient civilizations. Instead of starting in the past‚ Diamond goes to the present time to show people that there are
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Hendina Riyadi Blood Diamond Research For thousands of years‚ diamonds have been highly regarded by everyone from kings and queens to ordinary people. Diamonds are a symbol for wealth‚ elegance‚ love‚ and power. Centuries ago‚ they were also a symbol of courage‚ invincibility and strength. What is less commonly known is that these stones are also a symbol of terror and death. Conflicts arise from the mining of these gems; many people have died and many are perhaps still dying because of the mining
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his personal values like Rodriguez being an entrepreneur and an optimistic individual. Another factor would be that Rodriguez bettered himself by attending community college receiving his diamonds grading certificate shortly after graduation. Working at a local jewelry store‚ Rodriguez gained knowledge of diamonds and used that information to open his own business acting as a connection point between buyers and sellers over the internet. Along with all the characteristics Rodriguez possesses‚ Rodriguez
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soldier of fortune and diamond smuggler Danny Archer notes‚ well‚ archly in Blood Diamond -- no need to concern oneself overly about it; best to make the best of it you can and get out while the gettin’s good... and gettin’ out doesn’t necessarily mean for the long term. Danny is not a man worried about the future. Cigarettes‚ another character informs the chain-smoking Archer‚ will kill ya. "Yeah‚" he snarks. "If I survive." There are a lot of reasons to be enthralled by Blood Diamond‚ Edward Zwick’s
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“Water is more important to human life than diamonds‚ yet tap water suppliers are less profitable than those selling diamonds. Using the concepts in MCS Chapter 3 as well as your general knowledge‚ explain why this profitability difference is likely to occur.” There are a couple of factors that come to mind when answering this question. First‚ lets look at the willingness to pay factor. We know from the text book that we can think of the product’s value to the customer as the highest price he/she
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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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Perform a detailed Porter’s Five Forces analysis for The Broadway Cafe. Be sure to highlight entry barriers‚ switching costs‚ and substitute products. Determine which of Porter’s Three Generic strategies you will use as you rebuild The Broadway Cafe for the 21st century Competitive Advantage To survive and thrive‚ an organization must create a competitive advantage. A competitive advantage is a product or service that an organization’s customers place a greater value on
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Michael Porters Strategy Michael Porter is the University Professor (the highest honor in Harvard University) in Harvard Business School. He is acknowledged as the father of competitive strategy. He has two main theoretical perspectives; one is “the five forces model of competition”‚ and the other one is just the “three competition strategies” (Michael Porters Strategy). The three competition strategies are cost leadership strategy‚ differentiation strategy and segmentation strategy. These strategies
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compare them‚ we can put on mind the The Diamond & Water Paradox‚ which was highly discussed in 18th & 19th century‚ and finaly resolved by Alfred Marshall and Adam Smith. The paradox is magically explained with an understanding of marginal utility and total utility. People are willing to pay a higher price for goods with greater marginal utility. As such‚ water which is plentiful has enormous total utility‚ but a low price because of a low marginal utility. Diamonds‚ however‚ have less total utility because
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