Having a diamond and rubber industry would improve Liberia greatly. We plan to let our citizens buy some products from the diamond and/or rubber factory and also sell it to other countries. The diamond factory would produce jewelry and diamond bit saws. In Monrovia, Liberia there are natural diamonds. We would like to put a diamond factory near a diamond mine. The diamond mine and factory will be guarded by guards. The guards will be there to make sure that no one comes and steals the diamonds. Since
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is considering the use of Porter’s Diamond model in its analyses of national competitive advantage. Write a briefing note, giving examples, detailing a) how and why you would use the diamond model b) what limitations if any there are in doing so. ” Classical economics insists that a national competitive advantage grows out of a country’s natural endowments, its labor pools, its interest rates, and its currency’s value. However, according to Michael Porter theory, national prosperity is created
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The Diamond Empire Most of the world's diamonds come through an organization that is ran by the South African company named De Beers. Those in the diamond business know that there is a great deal of money at stake if they share about what they do. De Beers cannot operate legally in the US because it is a virtual monopoly. London is where 80% of the world’s diamonds are sorted, graded and sold. De Beers has control over the chain of supply of diamonds and that is how they have control of the
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Blood Diamonds, also known as “Conflict Diamonds” are diamonds that originate from areas controlled by forces opposed to legitimate and internationally recognized governments. They are used to fund military action in opposition to those governments that has resulted in over 4 million deaths and the displacement of millions of people in Angola, Sierra Leone, the DRC, Liberia, and Ivory Coast. Diamonds played a key role in obtaining funds to provide combatants with food, clothing, transportation, and
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Porter’s Diamond Theory The diamond model is an economical model developed by Michael Porter in his book The Competitive Advantage of Nations, where he published his theory of why particular industries become competitive in particular locations. Porter believes that the following factors can decide a country’s competitiveness:- * Factor conditions are human resources, physical resources, knowledge resources, capital resources and infrastructure. Specialized resources are often specific for
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are its comprehensiveness, the dynamic Diamond theoretical system and analysis form both inductive and deductive sides. Meanwhile, it is at a disadvantage in its assumption. Thus, this essay will explore both sides of Porter’s theory. Porter's model includes four key elements. The Diamond model is depicted as figure 1, where the four forces jointly constitute a firm's global competitiveness in a given industry ( Porter,1990) Source: Porter (1990) The Competitive Advantage of Nations
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discussions', 'critical discussions'] - “The contribution by Porter (1990) on the competitive advantage of nations has led to an extensive discussion among academics and practitioners on the sources of international competitiveness (Grant, 1991; Gray, 1991). However, in order to understand why so much emphasis is placed on the diamond framework in the management literature, this essay will discuss Porter’s concept of the Diamond and the factors that contribute to the development of national competitive
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Critically evaluate Porter’s Diamond of National Competitive Advantage as an aid to understanding national competitiveness. Table of Contents Table of Contents 2 1. The diamond model by Michael Porter 3 1.1 Introduction 3 1.2 Diamond model Theory 4 1.2.1 Factor Condition 4 1.2.2 Demand conditions 5 1.2.3 Firm strategy, structure and rivalry 5 1.2.4 Related and supported industries 6 1.2.5 The role of Government 6 1.3 Criticism
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BLAW 2006 Company Law BLAW 2006 COMPANY LAW FOR BUSINESS SUMMER SCHOOL – 2015 ASSIGNMENT In February, Butch made the decision that he was going to register a company to own and operate a diamond mine. He estimated that the company would need to raise $20M by way of a share issue and he planned to approach the members of his golf club, which has 100 wealthy members. Butch considered that the company would only need $10M of the $20M in the initial exploration phase but would require
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A selection of rough diamonds from Voorspoed Mine ACTION ETHICS Protecting THE INTEGRITY OF DIAMONDS 33 ETHICS OUR COMMITMENT TO MEETING THE highest ethical standards IS FOUNDED ON OUR aspiration TO LIVE UP TO THE unique qualities OF DIAMONDS. THE BEHAVIOUR OF OUR EMPLOYEES, THE ROBUSTNESS OF OUR COMPLIANCE SYSTEMS and our commitment to transparency maintain stakeholder confidence in our business and play a key role in upholding ‘diamond equity’. De Beers aims to meet or exceed all applicable
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