Today‚ diamonds are the most valuable stones in the world not only because of their beauty‚ but also because of their utility. Diamonds are not only specifically cut for use in jewelry‚ but they are also used for special cutting tools like saw blades and drills because the stones are extremely hard and durable. Like everything else in the world‚ diamonds come with a cost and often times the environment and the people in communities surrounding diamond mines foot the bill. Diamond Mining Means Destruction
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Porter five forces analysis From Wikipedia‚ the free encyclopedia A graphical representation of Porter’s Five Forces Porter five forces analysis is a framework for industry analysis and business strategy development. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the
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The Diamond model of Michael Porter for the Competitive Advantage of Nations offers a model that can help understand the competitive position of a nation in global competition. This model can also be used for other major geographic regions. Traditionally‚ economic theory mentions the following factors for comparative advantage for regions or countries: A. Land B. Location C. Natural resources (minerals‚ energy) D. Labor‚ and E. Local population size. Because these factor endowments can
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Barriers on an industry always have a major effect for new and upcoming business. In the food industry the pile of Governmental red tape is long and ugly. Almost any service that has anything to do with serving the general public with food has to meet set standards by the food and drug administration and health departments and U.S. Department of Agriculture. Furthermore‚ the regulations and inspections on the State and Local levels a food company must comply with. The food industry is a tough industry
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Diamond Mines in South Africa TEAM D Eugene Patton‚ James Pruitt‚ John Morawa‚ Kenneth Miller‚ Nicholas Nauroth‚ and Shemika McWilliams DeVry University Online April 13‚ 2011 Diamond Mines in South Africa South Africa’s Culture‚ Government‚ Economy‚ and religion of South Africa (Shemika McWilliams) Diamond mining in South Africa is the main force behind the country’s economy but this has not always been the case. South Africa’s large diamond mining industry started with the discovery of
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Executive Summary This paper provides a case analysis and case solution to a Harvard Business School strategic management case study on Swiss-based Nestle‚ the world’s largest food and beverage company with 2007 sales exceeding CHF100 billion or about US$112 billion(Bell & Shelman‚ 2009‚ p. 1). While extensive background information dating to Nestle’s 1867 founding is provided‚ the primary time setting for the case is April 2008‚ shortly after 29-year Nestle veteran Paul Bulcke advances to the
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This book report is about The Swiss Family Robinson‚ written by Johann Wyss. This story was about a violent storm that stranded a Swiss Pastor‚ his wife‚ and their four sons on a tropical island. Luckily‚ the Robinsons are optimistic and inventive‚ and with salvaged goods from the ship and abundant fruits‚ plants‚ and animals from the island‚ they soon adapt. Each and every new day brought new dangers‚ skills‚ and delights. The reason they stayed alive was because they had faith in God‚ great
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The International Response The problem of conflict diamonds was first made public thanks to the efforts of several international NGOs‚ who bluntly denounced the links between the diamond trade and the wars in the African continent. NGOs played a major role in denouncing the trade of blood diamonds and ultimately demanding a response from those responsible. Notable about this campaign was its success in uniting unofficial diplomatic channels with a number of official as well as unofficial networks
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ssPorter’s 5 forces analysis for Arcelor Mittal 1. Competitive rivalry: Industry rivalry is high: Arcelor Mittal is still ranked no. 1 in the world top steelmakers (World SteelAssociation‚ 2013) with a reported 96.1 tonesof crude steel in 2013‚ higher than 93.6 tones in 2012. In 2014 Arcelo Mittal produced around 119 tones crude steel‚ it is present in 22 countries‚ all over the world. Ranked no.2 is Nippon Steel & Sumimoto Metal Corporation‚ with 50.1 tones crude steel in 2013. However‚ many companies
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Diamonds has played an important role in jewelry industry for years‚ its sparkle and glow made it girl’s best friend. However‚ due to the high prices of all diamonds‚ illegal traders around the world buy illegal diamonds to fund terrorism‚ violence mainly in Africa‚ and to buy weapons to threaten the government and people in African regions. Blood diamonds or converted diamonds is a term used for a diamond mined in a war zone and sold to finance war on the mined country‚ and to buy weapons. This
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