...The success stories of early North American industrialists were often characterized as being about conquest through resourcefulness and natural ability. John Rudolphus Booth and Frederick Weyerhaeuser both came from an agrarian lifestyle and yet managed to evolve into “lumber kings” that prospered in the lumber industry through amassing significant amounts of knowledge about the trade. They both enjoyed “outside” work more than dealing with managerial problems and they were described as being very private people. However, John R. Booth was much more reticent and self-sufficient than Frederick Weyerhaeuser when it came to business whereas, Weyerhaeuser was very reliant on relationships with other people throughout his career. Therefore, while both of their careers seem incredibly similar at times, it was their personal characteristics and individual modus operandi that accounted for the disparities in their vocations. For instance, Weyerhaeuser, from the very beginning showed a tendency to move forward in business through networking and connections whereas, John R. Booth preferred to be self-supporting and achieving through preserving. In 1856, after moving to the Coal Valley Township in Rock Island County, Illinois, Weyerhaeuser began working in a small lumberyard attached to the Rock Island and sawmill . This was where he met F.C.A Denkmann who was also a German born immigrant much like Weyerhaeuser himself. They formed a friendship that later on changed into a family relationship...
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...A Real World Economic Problem In other instances, an American administration, such as the current Bush Administration, supports the timber industry in the United States to assure political support in a critical general election (Goldfarb, 2002). In the current environment, the softwood lumber dispute is further aggravated by supply shortages in the production of lumber in the United States stemming from environmental and habitat protection. Timber harvesting restrictions have the effect of curtailing the supply of lumber available for the market. In the case of harvesting restrictions related to the protection of spotted owl habitat, most of the timber affected is softwood lumber used extensively in the construction of houses. When the supply of lumber is restricted with no corresponding curtailment of demand, supply and demand analysis predicts that lumber prices will increase in the short run. This analysis, however, is very narrow and does not take into consideration the impacts of alternative sources of the product or substitutes for the product (Janigan, 2002). In the case of softwood lumber used in the construction of houses, there are few viable substitutes. There is, however, for homebuilders in the United States a reliable alternative source of softwood lumber. The alternative source is Canada. Therefore, while curtailing the harvesting of softwood lumber in the Pacific Northwest did lead to a reduction in the domestically produced supply of softwood lumber in the...
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...Dote ond Time: lnslilute of Susloinqble Developmenl qnd Archileclure Assignmenl Cover Sheet This form rs fo be offoched to lhe front of all ossignmenfs, projecls, homework ond ony ofher ossessmenf ploced in lhe ossignmenf box. AII oreos below should be compleled lo ensure proficient processlng e.g. full nome of lecturer, your sludenl ID number, nqmel suby'ecf & subjecf code efc. lf ony of fhese oreos ore nol comoleled (with lhe exceplion of on individuol's name - see below) vour ossionmeni will nol be @P,RN'?R''Y processed. xFor individual assignments, Student name can be omitted if desired. However, group assignments must show all student ID numbers and names. SUBJECT: 5 L,i J) ] tlTqTl UxmsiKrrt"nlr\ l'J G Brti-tiltr.JSS DATE: SEMESTER: LECTURER: 5t.ll .l r Hal- J DECLARATION: "l hereby declore thot I hove reod ond understood the University Regulotions cheoting ond thot the work submitted by me/us does not breoch these regulo I \ )l s- ) L) & -L NAME: Naur: NAME: S8 tgt t , /G ^l,rsat'rrl t 'TGNATURE: srD: StGNerunr: SID: SrGN,crunr: SID: Naue: SIGNATURE: SID: NAME: SrGNerunr: NAME: SIGNATIJRE: Assignments will be collected everydoy of 4p.m. Any ossignmenfs submdfed offer fhe qllolled iime, rrespecfive of dqfe qnd lime sfomp, will be re-dofed qnd re-timed fo fhe following doy. Sfudenfs should ensure fhe Assessmenf Regulofions in ihe Bond Universily Hondbook reloling lo Plogiorism...
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...The General Environment surrounding the timber industry and Weyerhaeuser is highly reliant upon six different segments. These segments are: demographics, economics, political/legal, sociocultural, technological and global. The environment within which a company operates is directly influenced by what is going on in each segment. Weyerhaeuser must constantly analyze the surrounding environment through scanning, monitoring, forecasting and assessing, to determine the environments changes and its subsequent effect on the company. Over the past decades the timber industry has had minimal demographic diversification. However, within the last decade they have recognized a demographic change within the U.S workforce and have mounted an aggressive campaign to recruit and develop job opportunities for women and minority groups. Weyerhaeuser, knowing that their current workforce is ageing has made it a priority to update their recruitment plans for new employees. Having seen class action lawsuits against other large companies for alleged gender and racial discrimination2, Weyerhaeuser is determined to change the internal culture of the company to incorporate women and minority groups into its workforce. Another issue for bringing in a diverse workforce for Weyerhaeuser has been its consumer market. In many states Weyerhaeuser’s markets are made up of a significant portion of an ethnic group. This has urged Weyerhaeuser to hiring a workforce that is supportive and reflects its consumer...
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...The subject that I incorporated into my shirt design are the Indian Ocean trade routes. On the front of the band inspired shirt there are block letters that spell IOT (Indian Ocean trade). The slogan is “if there’s a wind, there’s a way.” It was supposed to be a play on words to the famous saying “if there’s a will, there’s a way” and it symbolizes the seasonal monsoon winds that the ships rely on to travel across the ocean. The predictable monsoon winds created predictable trade along with more trade, lower risk, cheaper trade, and larger access to goods. The waves and the wind show the traveling environment the sailors experienced. The ship is an accurate representation of a dhow. A dhow is a simple ship with a lateen sail that uses the force...
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...Why is International Trade important? International trade takes the world’s economy to the top position. It is important to carry out the trading at international level as some of the resources that are available in some countries are not available in others. So those people who do not have the resources with them can have the resources by importing them from other countries. So, trading becomes important and necessary in this scenario. Trading internationally involves sending what the native country produces the best to other countries and buying what other countries are producing best. This trading can improve the economy of the native country and helps in development of the country. International trading decreases poverty, generates employment, develops the economy and increases the income of the nation. The country which is in developing stage can consider the international trade as an advantage as it brings lot of financial gains to it. The funds that are acquired through trading internationally can be utilized in their best for the needs of the people in the country. Most of the developing countries tend to improve industrialization. But, they also were observed to get the raw materials available as resources with them to the international market. Some of these materials include timber, agricultural products and minerals. The Sub Saharan African nations earn about ninety percent of their income through international trading by exporting the raw materials...
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...Introduction Do international economics of free trade important in the United States of America and in the world of different countries? Therefore, according to the article of "Embracing the Challenge of Free Trade: Competing and Prospering in a Global Economy", Ben S. Bernanke, who is the author and the Chairman of the Montana Economic Development Summit 2007 Butte, MT, had said," international trade in goods, services, and assets, like other forms of market-based exchange, allows us to transform what we have into what we need or want under increasingly beneficial terms. Trade allows us to enjoy both a more productive economy and higher living standards" (Bernanke). Free trade is very important as international economics will cause both advantages...
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...Trade is a big part of today's world but it all had to start somewhere so let's look at it thousands of years ago is actually quite similar to today's trade industry just on a much smaller scale. As of today, products go from one part of the world to the other and back just to make one shirt or phone and in fact this is cheaper for major companies to outsource for example, Apple builds phones in china, apple is based in the USA and when china done making the phone they send it back to the USA to be sold. Trade is cheaper and faster today than it has ever been before. Today's ocean trading routes are larger and faster than ever. These routes can get massive quantities of bulk goods like timber and cotton from one side of the world in a matter...
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...International commodity agreement From Wikipedia, the free encyclopedia An international commodity agreement is an undertaking by a group of countries to stabilize trade, supplies, and prices of a commodity for the benefit of participating countries. An agreement usually involves a consensus on quantities traded, prices, and stock management. A number of international commodity agreements serve solely as forums for information exchange, analysis, and policy discussion. USTR leads United States participation in two commodity trade agreements: the International Tropical Timber Agreement and the International Coffee Agreement (ICA). Both agreements establish intergovernmental organizations with governing councils . International Coffee Agreement The International Coffee Organization (ICO) is the main intergovernmental organization for coffee. ICO exporting members account for more than 97 percent of world coffee production, and its importing Members, are responsible for around 80 percent of world coffee consumption. The ICO makes a practical contribution to the world coffee economy and to the improvement of living standards in developing countries by facilitating intergovernmental consultation and coordination regarding coffee policies and priorities, by encouraging a sustainable world coffee economy, by initiating coffee development projects to add value and improve marketing, by increasing world coffee consumption through innovative market development activities, by promoting...
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...Groupon is a daily-deal site offering unbeatable deals on the best stuff to do, eat, see, and buy. Groupon is revolutionizing local commerce and helping to make people's lives exciting by bringing amazing experiences within reach. It uses collective-buying power to extend unmatched prices and provide significant benefits to both businesses and consumers. By bringing the brick and mortar world of local commerce onto the Internet, Groupon is creating a new way for local merchant partners to attract customers and sell goods and services. They provide consumers with savings and help them discover what to do, eat, see and buy in the places where they live and work. Groupon evolved from Founder and CEO Andrew Mason’s first website, “The Point,” which was launched in November 2007. Deploying a similar concept of group persuasion, The Point was about social action. People were asked to give money as a group once a ‘tipping point’ had been reached showing that they were taking a stand. The Point failed to attract enough advertising revenues to stay in business, but it reinforced for Mason and his investors how powerful group action can be. Andrew Mason and his team launched Groupon in November 2008 in Chicago to focus on collective buying power. They saw that by using the framework of The Point, they could help other city-dwellers obtain affordable access to goods and services without overwhelming them by the sheer number of choices. Groupon started out offering one deal per day. Groupon...
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...7 | | 12% | 14% | 8 | | 12% | 16% | 9 | | 12% | 18% | | Year 1 | Year 2 | Year 3 | 1 | | | 14% | 2 | | | 16% | 3 | | | 18% | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 98.232 | | 85.852 | 72.756 | MAX | 104.426 | | 89.031 | 78.098 | AVG | 101.285 | 96.154 | 87.432 | 75.387 | At the beginning of year 1 , Zero C1 would matured and no longer tradable. For the other three bonds, we have private information which enables us to cut out an interest rate, lefting with 6 scenarios. TRADE AT BEG YEAR 1 (interest not LOW) | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 92.161 | | 89.286 | 75.666 | MAX | 96.810 | | 90.909 | 79.745 | AVG | 94.464 | | 90.097 | 77.686 | TRADE AT BEG YEAR 1 (interest notMIDDLE) | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 92.161 | | 89.286 | 75.666 | MAX | 98.603 | | 92.593 | 81.222 | AVG | 95.346 | | 90.939 | 78.411 | TRADE AT BEG YEAR 1 (interest not HIGH) | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 93.837 | |...
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...| | | | | McDonalds & Starbucks Architectual Design, E-commerce Strategies and Service | [ ] [ ]Wayne McFarland JrGlobal Business Management Dr. Donna Galla July 22, 2012 | McDonalds & Starbucks Architectual Design, E-commerce Strategies and Service How do you think McDonalds and Starbucks are able to establish their brands to fit local markets through architectural design, e-commerce strategies and service to accommodate local markets and cultures? McDonalds marketing mix is strategic because of the diverse approaches that are used. They use a strategy that is known as the 4P’s (product, price, promotion, and placement) that they use that is a way of them carefully making decisions around their brand. One thing that has kept McDonalds striving in the local and global market is an idea they use similar to Starbucks “think global, act local”. This idea is what they use as well as Starbucks to combine globalization and internationalism into their strategic plan. For example, McDonalds uses pictographs (symbols instead of words and numerals) which in the international markets help employees ring up sales. By doing this McDonalds was able to maintain their strategy of all drive thru orders filled in three minutes or less. McDonalds also study the local culture of a country prior to entering it. By doing so they have changed some of their menu options to fit the local market. In China, the interior walls are covered with posters and...
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...Black Market A market that operates outside of the legal system where either legal or illegal goods are sold at illegal prices or terms is known as the black market. These types of transactions normally occur when people are trying to avoid taxes or government price controls. The black market is also known for the buying and selling of illegal drugs, firearms, and stolen goods. When the demand is strong enough and gains from the trade can be had markets will develop and exchanges will occur in spite of the restrictions (Gwartney, Stroup, Sobel, & Macpherson, 2013). The Prices in the black market are determined by supply and demand just like in other markets. In some cases prices in the black market can be more costly to the consumer than the legal market. This is because the supplier takes on much more of a risk by selling these black market items and could be arrested, pay expensive fines, and even going to prison. On the other hand there are also times when it may be cheaper to purchase items in the black market; this is because the supplier does not have to pay things like taxes or the production costs on items. In August of this year black market distribution of Olympic tickets was shut down. Over 20,000 people would be denied seats into the venue because they had purchased tickets on the black market. The London Olympic tickets were only valid when purchased through authorized outlets. In this situation an unauthorized ticket trader named Euroteam was selling the...
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...Executive summary: A new industry of ready-made garment is to be set up in Bangladesh. The reasons on which this decision is based includes, flexible business and investment policy of Bangladesh government, economic security, cheap labour, tax exemption etc. Garment industry requires less investment capital. Raw material would be purchased from the local markets, this will save time and money. Different brands will be launched according to the financial conditions of the consumer, this will capture maximum market. New export markets will be sort out and this will help in generating foreign exchange. Internet, catalogue, television, bill boards, radio, will be used as source of advertisements. Retail and wholesale markets will be the main target.Executive summary: A new industry of ready-made garment is to be set up in Bangladesh. The reasons on which this decision is based includes, flexible business and investment policy of Bangladesh government, economic security, cheap labour, tax exemption etc. Garment industry requires less investment capital. Raw material would be purchased from the local markets, this will save time and money. Different brands will be launched according to the financial conditions of the consumer, this will capture maximum market. New export markets will be sort out and this will help in generating foreign exchange. Internet, catalogue, television, bill boards, radio, will be used as source of advertisements. Retail...
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...BACKGROUND INFORMATION FOR THE VANATIN CASE Assume that it is January 2013 and that you are a member of the Booth Pharmaceutical Corporation Board of Directors. You have been called to a Special Board Meeting to discuss what should be done with the product known as “Vanatin.” Vanatin is a “Fixed-ratio” antibiotic sold by prescription. “Fixed-ratio” means that it contains a combination of drugs. It has been on the market for more than 13 years and has been highly successful. It now accounts for about 18 billion dollars per year, which is 12 percent of Booth Company’s gross income in the United States (and a greater percentage of net profits). Profits from foreign markets, where Booth is marketed under a different name, are roughly comparable to that in its home country. Over the past 20 years, there have been numerous medical scientists (e.g.. the National Council on Drugs) who have objected to the sale of most fixed-ratio drugs. The argument has been that (1) there is no evidence that these fixed-ratio drugs have improved benefits over single-drugs, and (2) the possibility of detrimental side effect, including death, has at least doubled. For example, these scientists have estimated that Vanatin is causing about 30 to 40 unnecessary deaths per year (i.e., deaths that could be prevented if the patients had used a substitute made by a competitor of Booth). Despite the recommendations to remove fixed-ratio drugs from the market, doctors have continued to use them....
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