In fact, Dunning and Rugman did an additional extension to Porter’s Diamond framework. However, they do not have enough supporting document to prove that Diamond framework should not be use in the nations. Although Porter’s framework is widely used as a guideline for the nations, but it is not reliable for long-term usage as it does not sustain long-term competitiveness for the national business system. According to research, Porter’s diamond framework can only be used in mature and manufacturing economy as for those economy that are yet to mature they are not recommended to use diamond framework. Furthermore, double-diamond theory is more useful and suitable for smaller export dependent such as Korea and Singapore as well as China.
Sales projections are incredibly difficult to predict for a new company but, considering the above analysis of the financial statements, we can tell that Mdelic Wasatch Outerwear should improve their current financial position but it is still in a favorable position and we can expect positive results. I also think that we need to keep improvinging and I have a few suggestions: 1) Explore new markets We should start exploring new markets for our business and take the time to plan how we can expand our existing market. We can look for ways to improve our marketing, whether by winning easy publicity or preparing direct mails. 2) Have a Limited-Time Sale or Promotion Discounting our products may seem antithetical to increasing sales, but even offering a slight discount can make your products and services more attractive to a client. 3) Use Social Media to Your
It can draw and execute development policy without the objection from the citizens and policy can be more public interest oriented. Although some scholar viewed that authoritarian regime will over-intervene the economy and open market economy cannot be practised. In fact, suitable government intervention is necessary to economy, especially in the early stage of economic development. Besides, some may also think that authoritarian regime lack monitor from citizens that may cause corruption this worsen economic development. As mentioned in the essay, most authoritarian regime have strong mechanism and penalty in monitoring the discipline and corruption that will not cause bad impacts in economic
If America has the means to assist other less fortunate human beings than America should, as it is the right thing to do morally. Yes, there are several other factors that are involved in this situation but even though it would be a burden to some people we would be helping people to live better lives, safely in their homeland. Other factors must also be considered, as if aid is given to dictatorial countries under the pretense of humanitarian aid and these dictators use the money to further their own corrupt regimes, then that is not a good use of money that is supposed to be going to the starving and homeless. These factors, though important, do not outshine the fact that if aid was not to be given from this moment forward, millions would suffer. There are far more benefits to giving aid and regulating what the country spends the money on.
Socialism, unlike capitalism, does not support the free market and supports the idea of the means of production being controlled by the government. Because the exchange of goods is restricted by the government, the natural forces of supply and demand are suppressed, meaning the economy is less capable of growing. Socialism, however, is less extreme than communism, allowing for people to own their own property and have a little variation in wealth. This is slightly better because the government does not have total control over the people, and people still have a slight incentive to earn more money. But, often people rely on the heavy intervention from the government to get aid and are not as productive as they would be in a capitalist society.
Besides, there may be lack of labour in the future. To confront to this problem, Unilever would encourage workers to work longer or recruit migrant workers (Maestas and Zissimopoulos, 2010). However, with the fact that people are more concern about healthy and safe products, Unilever has successfully maintained high social and environmental standards by designing and producing that meet consumers’s needs. They have many effective activities including promoting sustainable development and utilisation of renewable resources. Therefore, it can not be denied Unilever has built its image as an environment friendly and socially responsible
Marketing communications are known as the most visible aspect of the marketing mix that helps to enhance the brand awarness of the company. In order to prosper in the long term, any company needs to develop an effective marketing campaign to maintain the interest of the existing customers as well as to attract the potential buyers (Cai & Huang, 2011). Mass marketing is highly effective tool to catch the attention of the million buyers, however it will not help to construct the relationships with them. Therefore, the more personal communications needed, such as direct marketing, to understand the consumer’s needs. However, the integration of communication tools helps to overcome both challenges, as the mix helps to create the brand awarness
Even though it doesn't bring valuable foreign currency into the country, but it does offer many of the other advantages of inbound tourism. Domestic tourism is able to bring in job opportunities and stimulate economic growth and development. Thus, the purpose of developing domestic tourism can lead to several benefits. It is important to uncover many other aspects of Malaysians as travelers, including typical requirements and their psychographic backgrounds, in order to gain better understanding and to plan better products to meet their
Globalization have the important role in the developing countries has certain advantages such as technological process. It has a lot of benefit in our daily life. It helps the country prevent poverty problems, creating job opportunities for the people, periphery countries depend heavily on the develop countries for raw materials, food and oil. That can be benefited the other country and it decreased the possibility of war among the countries. Many developing countries do benefited from the globalization.
In conclusion, we cannot say that technology is something bad as it has contributed greatly towards the advances of mankind. Technology has made our lives easier in different aspects of life however we cannot take technology for granted as well. In using technology, mankind should maximize the usage of technology for its benefits and avoid the negative effects of technology. Technology is something wonderful as it has helped mankind in many ways so we should continue to advance as a species using technology but at the same time, we should regulate the use of technology to reduce the negative effects of