Monday, January 27, 2020

GDP and Business Environment of China

GDP and Business Environment of China Overview China is the oldest continuous major world civilization, with records dating back about 3,500 years. Successive dynasties developed a system of bureaucratic control that gave the agrarian-based Chinese an advantage over neighboring nomadic and hill cultures. Chinese civilization was further strengthened by the development of a Confucian state ideology and a common written language that bridged the gaps among the countrys many local languages and dialects. Whenever China was conquered by nomadic tribes, as it was by the Mongols in the 13th century, the conquerors sooner or later adopted the ways of the higher Chinese civilization and staffed the bureaucracy with Chinese. The last dynasty was established in 1644, when the Manchus overthrew the native Ming dynasty and established the Qing (Ching) dynasty with Beijing as its capital. At great expense in blood and treasure, the Manchus over the next half century gained control of many border areas, including Xinjiang, Yunnan, Tibet, Mongolia, and Taiwan. The success of the early Qing period was based on the combination of Manchu martial prowess and traditional Chinese bureaucratic skills. During the 19th century, Qing control weakened, and prosperity diminished. China suffered massive social strife, economic stagnation, explosive population growth, and Western penetration and influence. The Taiping and Nian rebellions, along with a Russian-supported Muslim separatist movement in Xinjiang, drained Chinese resources and almost toppled the dynasty. Britains desire to continue its illegal opium trade with China collided with imperial edicts prohibiting the addictive drug, and the First Opium War erupted in 1 840. China lost the war; subsequently, Britain and other Western powers, including the United States, forcibly occupied concessions and gained special commercial privileges. Hong Kong was ceded to Britain in 1842 under the Treaty of Nanking, and in 1898, when the Opium Wars finally ended, Britain executed a 99-year lease of the New Territories, significantly expanding the size of the Hong Kong colony. As time went on, the Western powers, wielding superior military technology, gained more economic and political privileges. Reformist Chinese officials argued for the adoption of Western technology to strengthen the dynasty and counter Western advances, but the Qing court played down both the Western threat and the benefits of Western technology. In Beijing, on October 1, 1949, Mao Zedong proclaimed the founding of the Peoples Republic of China (P.R.C.). The new government assumed control of a people exhausted by two generations of war and social conflict, and an economy ravaged by high inflation and disrupted transportation links. A new political and economic order modeled on the Soviet example was quickly installed. In the early 1950s, China undertook a massive economic and social reconstruction program. The new leaders gained popular support by curbing inflation, restoring the economy, and rebuilding many war-damaged industrial plants. The CCPs authority reached into almost every aspect of Chinese life. Party control was assured by large, politically loyal security and military forces; a government apparatus responsive to party direction; and the placement of party members into leadership positions in labor, womens, and other mass organizations. Natural resources Coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (worlds largest). Agriculture: Products Among the worlds largest producers of rice, wheat, potatoes, corn, peanuts, tea, millet, barley; commercial crops include cotton, other fibers, apples, oilseeds, pork and fish; produces variety of livestock products. Industry: Types Mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellites. Trade in 2008 Exports $1.5 trillion: electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment. Business Environment in China Activity indicators Show the working of the economy as a whole. Consumer indicators Show the increase in the demand of consumer product but the unemployment is still rising. Business indicators Show that the profit margin is decreasing but the inventories are increasing yoy. External indicators Show that the import is increasing faster than the export of the country. Inflation indicators Show that the consumer price inflation is become negative but core price are not affected due to this. Financial market indicators Shows that investor are investing but wait for future interest rate cut so that they can get more fund at cheaper rate of interest. Analysis and Interpretation We can analysis from the 1st and 4th chart that the GDP of China is growing from last 5-6 years but it show the decline in the 2008-09 that might be because of the global recession going on. All China has growing economy which set the benchmark for the other country. We can analysis in the 2nd and 3rd chart that the urban fixed investment is very fluctuating from last 5-6 years in one year it increase and in the other year it decrease. But that might be the internal condition and demand and supply effect change the overall investment in the country. Analysis and Interpretation We can analysis from the 1st chart that the retail sales is increasing year after year and that is good sign for the economy as well as for the business environment is concern because it will generate new employment and source of income for the people of China. We can analysis from the 2nd chart that per capital income and consumption is fluctuating from last 5-6 year that might be due the changing in the per capital income and the price index of the country. But another positive sign we find that most of the time consumption is less that the income which means the people are able to save some amount from their income which is good sign for any country. We can analysis from the 3rd and 4th chart that the unemployment is increasing year after year and on the other hand in the 4th chart the employment is fluctuating but most of the time it is increasing. So we can find that the unemployment is increasing because of increasing in population more that the increasing rate of employment. Analysis and Interpretation We can analysis from the 1st and 2nd chart that the industrial output is increasing year after year which is good sign for the growth of the economy because as output increasing which means the sales will increase, if sales will increase then more income will generate, then it will increase money flow in the market. So all these things will effected just because of increasing output of the industry. We can analysis from the 3rd chart that the inventories of the industry is increasing year after year that might be good as well as bad sign for the industry because it has their own benefit like constant supply and its own risk like blockage of funds in the inventory. We can analysis from the 4th chart that the industry has earning a good profit margin from last 5-6 years which is good sign for the growth of the business in China and an opportunity for other to do business in the China. Analysis and Interpretation We can analysis from the 1st and 4th chart that import and export is increasing year after year in amount but if we find the increase in percentage then we find that the increase and decrease is very fluctuating from last 5-6 year. We can analysis from the 2nd and 3rd chart that export is increasing more that the export in last 4-5 years which means it helps to increasing the balance of payment of the economy of China. Analysis and Interpretation We can analysis from the all of the above chart that the price of all the commodities whether they are capital goods or house hold good is increasing year after year and it is always say that in the growing economy the prices are always increasing with the growth of the economy. Analysis and Interpretation We can analysis from the 1st and 2nd chart that the government has given more rate of return to its investor year after year which means the government want to increase the investment in the country. We can analysis from the 3rd and 4th chart that interest rate are decreasing year after year which means the people can borrow money at cheaper interest rate and then can get more return by investing in different sources of income. JAPAN Overview Legend attributes the creation of Japan to the sun goddess, from whom the emperors were descended. The first of them was Jimmu, supposed to have ascended the throne in 660 B.C. a tradition that constituted official doctrine until 1945. Recorded Japanese history begins in approximately A.D. 400, when the Yamato clan, eventually based in Kyoto, managed to gain control of other family groups in central and western Japan. Contact with Korea introduced Buddhism to Japan at about this time. Through the 700s Japan was much influenced by China, and the Yamato clan set up an imperial court similar to that of China. In the ensuing centuries, the authority of the imperial court was undermined as powerful gentry families vied for control. At the same time, warrior clans were rising to prominence as a distinct class known as samurai. In 1192, the Minamoto clan set up a military government under their leader, Yoritomo. He was designated shogun (military dictator). For the following 700 years, shoguns from a succession of clans ruled in Japan, while the imperial court existed in relative obscurity. First contact with the West came in about 1542, when a Portuguese ship off course arrived in Japanese waters. Portuguese traders, Jesuit missionaries, and Spanish, Dutch, and English traders followed. Suspicious of Christianity and of Portuguese support of a local Japanese revolt, the shoguns of the Tokugawa period (1603-1867) prohibited all trade with foreign countries; only a Dutch trading post at Nagasaki was permitted. Western attempts to renew trading relations failed until 1853, when Commodore Matthew Perry sailed an American fleet into Tokyo Bay. Trade with the West was forced upon Japan under terms less than favorable to the Japanese. Strife caused by these actions brought down the feudal world of the shoguns. In 1868, the emperor Meiji came to the throne, and the shogun system was abolished. Geographic An archipelago in the Pacific, Japan is separated from the east coast of Asia by the Sea of Japan. It is approximately the size of Montana. Japans four main islands are Honshu, Hokkaido, Kyushu, and Shikoku. The Ryukyu chain to the southwest was U.S.-occupied from 1945 to 1972, when it reverted to Japanese control, and the Kurils to the northeast are Russian-occupied. Land area: 152,411 sq mi (394,744 sq km); Analysis and Interpretation We can analysis from the above charts that consumption and inventories are increasing from last 2 years and private fixed investment is decreasing from last 1.5 year which means this disinvestment is going on just because of global recession going on in the world. Analysis and Interpretation We can analysis from the above chart that from last 2 quarters the GDP and industrial production is increasing which means the Japan has come out of the recession going on in the world economy and this is good sign for the future of the people of Japan and business going on in Japan. Analysis and Interpretation We can analysis from the above charts that prices where increasing from last 4-5 years but from last one year it is below zero which means due to recession the demand of the good are decrease which decrease the price of the commodity. Analysis and Interpretation We can analysis from the above charts that the unemployment is decreasing from the last 4-5 years but it suddenly increase in the current year and in last year just because of recession and it is permitted that it will decrease again in future also. In the other chart we find that from last 4-5 years the wages are quite constant but it suddenly decrease again due to recession only and we can say that it will again come to its resistance level when the economy will stable. Analysis and Interpretation We can analysis from the above charts that apart from the year 2008-09 the interest rate, monetary policy and money growth is increasing from last 3-4 year which is good sign for any economy. But if we look after the year 2008-09 then that is again the time period of recession which cant show the real picture of the economy. Text of report by official Chinese news agency Xinhua (New China News Agency) Tokyo, 5 December: China and Japan signed the China-Japan Long- Term Trade Agreement in Tokyo on 5 December. This provided a framework for trade exchanges between the two countries between 2006 and 2010. Chen Jian, assistant to Chinas minister of commerce and chairman of Chinas China-Japan Long-Term Trade Agreement Committee, and Koga Kensuke, chairman of Japans Japan-China Long-Term Trade Agreement Committee, signed the agreement. The core content of this long-term trade agreement is that China and Japan will further strengthen cooperation in energy conservation technologies and equipment as well as environmental protection technologies and equipment, and has reached agreement on Chinas export of coal to Japan and Chinas import of energy conservation and environmental protection equipment and technologies from Japan. This was the sixth time a similar agreement was signed since the first China-Japan Long-Term Trade Agreement was signed in 1978. The China-Japan Long-Term Trade Agreement has played an important role in maintaining the stable and rapid development of trade exchanges between the two countries. During this period, total bilateral trade between China and Japan increased from 4.82bn US dollars to 168bn US dollars in 2004. Total trade volume is expected to see further increases this year. Impact of agreement upon both the countries Build good relation between both of the countries. Overcome the weakness of one country by the strength of another country. Increase the trade between the two countries. Open route for future contracts also in different areas. CONCLUSION China and Japan are very popular countries in world. Both have contributed for the development of world economy and helps established the international market in world. China is popular for the production electronic products at very cheap prices. China is one of the fastest growing economies in the world. Japan is popular for development of new technology innovation and Japan is the second largest energy importer after United States. Japan is one of the best destinations for starting new business or we can say that it is an international opportunity to work with the technology conscious country so that it will helps to make a competitive edge for our business. Overall we can say that both the countries have their positive aspect as well as negative aspects. So it is very difficult to select one country to be the best because if we think for the international market we cannot select only one country for our business opportunity. So, both the countries are having good business opportunities. BIBLIOGRAPHY http://www.infoplease.com/ipa/A0107666.html?pageno=4 http://en.wikipedia.org/wiki/Japan http://www.newyorkfed.org/research/global_economy/japanecon_charts.html http://www.mofa.go.jp/POLICY/economy/japan/indicator2.pdf http://www.redorbit.com/news/international/327614/china_japan_sign_20052010_longterm_trade_agreement/index.html www.fundsupermart.com.my/main/research/viewHT http://www.capitaleconomics.com/clientarea/articles/China%20Chartbook%20(Feb%2009).pdf

Sunday, January 19, 2020

Essay page

Have chosen the story called â€Å"Facing poverty with a rich girl's habits† by Suck Kim. She starts out with very descriptive details on how her and her family went from the white picket fence and maids to staying with people and not having much at all. Another point I believe she tried to make was that she didn't fit in very well, there were other Koreans in the school, even in the same class as her but they didn't have much in common. She had playmates but that didn't last very long she didn't speak English. Skim's purpose in writing his story was to mainly say how she lost everything in a blink of an eye and ended up over here in America.This story would be nonfiction, and I would say her audience would be the people who have been through the struggle, the ones who have been there in life. Skim's attitude comes off in the beginning as snotty, mad, an upset teenager, but when you've been through something dramatic like that you couldn't say you wouldn't feel angry. During t he middle, it seems like she learns to deal with it, and realizing its part of life but Xx far from easy, but towards the end it seems like she's more laid back ND humble about life.My outlook on this story is that it was very eye catching from the title â€Å"facing poverty with a rich girl's habits† to the very last word. It was very interesting to say the least. Knowing that unexpected things to happen in life, and that not only did she have to move but to have to learn a whole new language, a whole new culture ,and to leave everything behind that she once knew is really tough on an adult let alone a child. Eve been there many times. Overall I'd say this was one of the best stories I've read.

Saturday, January 11, 2020

Resource Based View Essay

The mid-eighties witnessed the emergence of a growing body of work collectively labelled the resource and capability-based view of the firm (RBV). In reality, Resource Competence View (RCV) first adopted an â€Å"economic† orientation. Pioneer studies (Wernerfelt, 1984) , Barney, 1986, 1991, Dierickx and Cool, 1989, Peteraf, 1993) focused on the type of resources and competencies that could offer to its owner a sustainable competitive advantage. Therefore, resources and competencies approach first appeared as a theory of competitive advantage or a theory of â€Å"performance of the firm† (Argyres & Zenger, 2007). It is only recently, in the last 20 years that organizations have started using the resource based view approach on strategy. Nowadays, they view it as the most important key development in international business research and strategic management, an approach that gives a coherent vision based on a firm’s capabilities to help determine the strategic reso urces necessary for the firm’s survival and growth within a particular market place. As Hitt et al (2001) stated, â€Å"the resource based model assumes that each organization is a collection of unique resources and capabilities that provides the basis for its strategy and that is the primary source of return.†. It suggests that in order for a firm to sustain competitive advantage, it must not only have resources and capabilities but also have a firm control over it and they must meet certain basic criteria such as being: valuable, rare, inimitable and non substitutable such that it is impossible to be copied or replicated (VRIN). Although a resource based view strategy sounds like the better way to go, others have wondered if this approach is at all necessary or bring any more insight than the traditional understandings into a successful strategy to survive and thrive into a competitive market, strategy that will allow the firm to have a good competitive advantage. In this review, we aim to elucidate the concepts behind the resource based view strategy and its use by managers. Furthermore, we aim to elaborate on its advantages but also disadvantages moving on to a critical analysis of this emerging approach to strategy and competitive advantage from the point of view of well known authors such as M. Porter (1980,1985) who believes that external factors mainly contribute to a firm’s competitive advantage and Jay Barney (1991)  who criticizes the narrow approach of a resource based view on competitive advantage, mainly the homogeneity it gives to firms resources. RESOURCE BASED VIEW : A CRITIQUE The RBV has emerged after the industrial work of Michael Porter and Rick Perry , who stated that companies must achieve a competitive advantage based on external factors. In fact, the RBV suggests that differences in profitability between firms in the same sector are much more important than inter sector profitability differences which was its founding idea. The resource-based view (RBV) has become one of the most influential and cited theories in the history of management theorizing. It aspires to explain the internal sources of a firm’s sustained competitive advantage (SCA). Its central proposition is that if a firm is to achieve a state of SCA, it must acquire and control valuable, rare, inimitable, and non substitutable (VRIN) resources and capabilities, plus have the organization (O) in a place that can absorb and apply them (Barney, 1991a, 1994, 2002). This proposition is shared by several related analyses: core competences (Hamel & Prahalad, 1994), dynamic capabilities (Helfat & Peteraf, 2003; Teece, Pisano, & Shuen, 1997), and the knowledge-based view (Grant, 1996b). Given its elegant simplicity and its immediate face validity, the RBV’s core message is appealing, easily grasped, and easily taught. 1 FUNCTIONAL ASPECTS OF THE RESOURCE BASED VIEW :Models based on resources and skills, Resource Based View and Competence Based View The resources and competences are expressed through certain knowledge (know-how , know-machine ,distribute knowledge) Resources are defines as assets owned or controlled permanently by the firm to develop and implement its strategy. There are six types: Financial Resources : CAF, debt ratio, volume TR ; Human Resources : number of employees, qualification, experience,intelligence ; Physical resources : production sites and their geographical location, land,stocks ; Organizational Resources : information systems, ISO standards,  procedures,coordination mechanisms ; Technological resources : know-how, patents ; Reputational Resources : brand, reputation ; The approach based on the resources considers that the company more than the industry, constitutes the relevant level of analysis to explain the performance (Barney, 1991; Rumelt, 1984; Wernerfelt, 1984). The organization is rehabilitated as an actor ; the firms are able to accumulate resources and competences which are transformed into advantage on the competitors if they are rare, creative of value, non-substitutable and difficult to imitate (Barney, 1991; Dierickx and Cool, 1989) see figure 1. 5 tests to assess the strategic value of competencies: Figure 1. Barney J.B. (1991), Firm resources and sustained competitive advantage, Journal of Management, vol. 17, pp.99-120 The firm is not designed any more like a wallet of products or markets, but like a wallet of resources. It is not the customer requirements who determines the strategy, but the resources and competencies which the company possess : the competing advantage is to be sought in-house (See Table 1). Competencies indicate the organizational capacity to deploy the resources in the form of combination to achieve a goal, which implies the idea of a training by combining several resources. 2 A CRITIQUE OF THE RESOURCE BASED VIEW APPROACH The Resource based view approach has been subject to several critiques ,some of which suggest that it is a very limited model , very hard to apply and its variables cannot be clarified. All of these critiques could be faced with more explanations of the (RBV)’s variables,boundaries,and applicability. On the other hand, some critiques are threatening the (RBV) model, these critiques are concerned with the limitations of the defining two concepts of the (RBV) model which are : resources and value which entail some problems and affecting the explanations of a firm’s competitive advantage. These critiques could be categorized as follow : Studies argue that (VRIN) criteria is not essential to the understanding of SCA as (Kraaijenbrink et al) (2010) mention (Foss and Knudsin) (2003) arguing that it’s mainly uncertainty is one of the basics to achieve SCA , Furthermore, stating that other conditions simply additional . These comments suggest ‘ fundamental disagreement about the nature of markets , individuals , and resources and the roles these play in generating SCA (Kraaijenbrink et al, 2010). Individual’s, entrepreneurs, and manager’s judgement and models are not sufficiently recognized by the (RBV) to the critique which argues that the (RBV) limits the entrepreneurial and managerial skills. This critique outlines the importance of a firm’s environment whilst arguing that (RBV) is mostly focused inward and dismisses the external environment which is important for assessing the main strength and weaknesses of an organization , which essentially leads to achieving competitive advantage ; it also leads to the issue of value creation , and environmental assessment , internally and externally , are essential to value creation and strategic positioning. Connor (2002) argues that the (RBV) is limited to large firms (with significant market power) , furthermore, SME’s cannot be sometimes assessed by their resources when it comes to SCA resulting in their fallout of the (RBV) . Finally , adding that (RBV) applicability can , in most cases, relate to firms pursuing SCA. 1 PORTER’S FIVE FORCES (P5F) AND RBV On one hand, the RBV model supports the idea that a firm can sustain competitive advantage by having highly superior resources and these  resources are represented in the VRIN criteria . In other words, sustaining a competitive advantage depends on the ability to integrate a group of extreme resources to provide the firm with its leading position . According to Barney (1991,1994,2002) â€Å"RBV central proposition is that a firm is to achieve a state of SCA , it must acquire and control valuable, rare, inimitable,and non-substitutable (VRIN) resources and capabilities , plus have the organization (O) in place that can absorb and apply them† , which would lead the firm to earn a massive surplus. On the other hand, Micheal Porter believes that for a firm to achieve a sustainable competitive advantage it has to focus on its external environments, have a strategic positioning in its industry or intended industry and this strategic positioning is guided by five industry-level for ces namely; Entry barriers, Buyers bargaining power, Suppliers bargaining power, Threats of substitutes and Rivalry among existing industry. He specifies that finding a strategic fit within an industry gives a firm an edge over its rivals and can lead to a sustainable competitive advantage. A company can outperform rivals only if it can establish a difference that it can preserve (Porter, 2000) and how can you establish this difference? By deliberately choosing a different set of activities to deliver a unique mix of value e.g. Southwest Airlines, IKEA. However, It is clearly noticed that one of the big differences between both models (Resource based view and Porter’s five forces) is that they differ in the approach used. The RBV focus only on the firm’s resources but the P5F model is based on the industry itself. Another similarity between both views are the description of resources in the RBV that it’s inimitable matching the concept of threat of new entrants in P5F . Also the threat of substitute in the P5F model sounds similar to the attributive of resources that it is non-substitutable in the RBV. Both models put the concept of earning superior profits as an objective of any firm, similarly both agree that the way to achieve that surplus is by sustaining competitive advantage , but when it comes to how to sustain this competitive advantage they differ ; P5F SCA by gaining a high profit on the long-term , contrarily the RBV considers SCA by preventing rivals or competitors to acquire the same advantage . At some point, both RBV and P5F may look contradictory , in reality both complement each other when integrated . 2 JAY BARNEY AND RBV According to Barney,Mcwilliams & Turk (1989) it is stated that a sustained competitive advantage has been defined as to be an advantage obtained as a result of a firm’s strategy not being implemented by other firms as well but that cannot be replicated but point out the fact that it does not refer to â€Å"how long† that advantage is in fact sustained. Porter (1985) and Rumelt (1984) said that the basis for sustaining a competitive advantage in the market is to understand its sources. Porter mostly believes that focusing solely on external factors (opportunities, threats of new intrants,etc†¦) gives a firm better chances of reaching a sustained competitive advantage. For Barney (1991), the basis to sustaining a competitve advantage is by formulating a strategy that is based on internal strenghts but acquired through responding to external factors such that there is synergy between internal and external factors and thus heterogeinity and immobility to the firmâ€⠄¢s resources (Barney & Hoskisson, 1989). He argues that a firm simply cannot rely on the even distribution of its resources (same strategic capabilities, human and organizational capital (Barney,1991)) throughout the organization (focus that gives homogeinity and mobility of resources) to achieve a sustained competitive advantage as any other firm with the same resources can have the same competitive advantage in the market. Also, efficiency and effectiveness can be improved to the same extend and therefore the competitive advantage cannot be described as â€Å"sustained† (Barney,1991). However, it can be argued that an homogenous and mobile set of resources can also lead a sustained competitive advantage on a â€Å"first come, first served† basis where the firm that has access to distribution channels, develop good will customers and a positive reputation first gains a sustained competitive advantage as they would have established themselves before other firms had a chance to do so. Barney (1986) also highlights the concept of â€Å"Strategic Factor Market.† He explained that according to the strategy, strategic factor market in which the company must draw differ. For example, for an innovation strategy, the factor to consider may be the competence in research and development. He added that if the strategic factor market is not perfect, it will not be possible for a firm to extract superior economic performance. Barney is therefore concerned with allowing  the firm to distinguish themselves from others, and it sets up the theory of competitive advantage â€Å"sustainable†. This type of benefit resulting resources respecting the criterion called â€Å"VRIN† (resources must be: valuable, rare, difficult to imitate and imperfectly substitutable to provide the firm a sustainable competitive advantage). 3 ISSUES FOR PRACTICING MANAGERS IN ADOPTING THE RBV APPROACH Having looked at the critique of the RBV one can undoubtedly say that practicing managers may encounter some issues in adopting this approach. The RBV is a very complex approach. Thus to attain or maintain a competitive advantage managers must often and extensively simplify (Russo & Schoemake, 1989). Managers are often faced with the challenges of identifying, developing, protecting and deploying of firm’s resources and capabilities such that they can gain a sustainable competitive advantage over rivals. What are the criteria for identifying? Often times they ask what resources or capabilities do we have that rivals do not have or cannot immediately imitate and how can we achieve a sustainable competitive advantage with it. They run the risk of retaliation from rival firms which can render their competitive advantage static or useless as it is sometimes impossible for them to know the level or worth of their rivals resources or capabilities. What capabilities to develop, what resources to deploy are issues which can result to intra organizational conflicts among various departments in the firm. In adopting the RBV approach managers are likely to face a considerable uncertainty and ambiguity arising from shifts in buyers’ preference or taste, social values, economic and political trends, recent/ upcoming technologies, rivalry in the industry (competitive actions) etc†¦ (strategic management Journal Vol 14,1993). CONCLUSION REFERENCES Barney, J.B. 1991. Firm resources and sustained competitive advantage, journal of management 17:99-120. Barney, J.B. McWilliams,A. , Turk,T. 1989. On the relevance of the concept of entry barriers in the theory of competitive strategy. Paper presented at the annual meeting of the strategic managemt society, San Francisco. Lieberman,M.B, & Montgomery, D.B. 1998. First mover advantages, Strategic management journal, 9:41-58. Porter,M. 1980. Competitive strategy. New York. Free Press. Porter, M. 1985. Competitive advantage. New York. Free Press. Porter,M. 2000. What is Strategy? Harvard Business Review. Rumelt,R. 1984. Towards a strategic theory of the firm. In R. Lamb (Ed.), Competitive strategic management: 556-570. Englewoods Cliffs, NJ : Prentice-Hall. Wernerfelt, B. 1984. A resource based view of the firm. Strategic management Journal. 5:171-180.

Thursday, January 2, 2020

Of Mice and Men Draft - 783 Words

How does Steinbeck present the characters of Crooks and Curley s wife ? In what way are these minor characters shown to be significant throughout the novel ? In John Steinbeck s novel, Of Mice and Men, we gather our first impressions of Curley s wife from Candy, a man with one arm and who s only companion is his dog and is his equivalent of a friend, which he has had since it was a pup. I had im since he was a pup. We develop our initial impressions of Curley s wife as being flirtatious, attention seeking and even promiscuous . Candy uses expressions such as she got the eye and goes on to call her a tart. Well, I think Curley s married...a tart. These are the first of many derogatory terms used to describe her. This†¦show more content†¦Curley s wife because of her gender and Crook s because of his race. Steinbeck uses these characters as an example of the prejudice in 1930 s America, and uses the ranch as a microcosm for this. As a reader, we begin to relate with Curley s wife when she enters Crook s residence where Crooks is talking to George and Lennie. She enters the room, pretending to be looking for Curley. The men respond to her negatively and act coldly towards her. She begins to talk about her loneliness and how she does not want to be seen as an item, and live her own life. ...Think I don t like to talk to somebody ever once in a while? Think I like to stick in that house alla time? This desire for company and to live her dream, can be seen in her final scene when she confides in Lennie, telling him about her longing for someone to talk too and the tragic story of marrying someone she does not love. I don t like Curley. He ain t a nice fella. After Curley s wife talks about her loneliness she begins to verbally attack the men about their lack of concern and apathetic attitude towards Curley. After Crooks asks her to leave, she threatens with him lynching. 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John Steinbeck is seen as a very important important figure of the Modernist literary period; known for his observations of human conditions during the Dust Bowl era, mainly his book Of Mice and Men which truly takes a detailed look at the Great DepressionRead More Comparing the Novel and Movie of Steinbecks Of Mice and Men1297 Words   |  6 PagesComparing the Novel and Movie of Steinbecks Of Mice and Men Who doesnt know of John Steinbecks classic novel Of Mice and Men? It is a novel that almost everyone educated in the United States has either read it or pretended to read it. But how many have seen the 1992 film Of Mice and Men? The relative obscurity of 1992 screen version of this timeless drama does not mean that it was poorly done. 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But Griffith’s breakthrough came when he found that mice injected with a mixture of live R-strain and heat-killed S-strain died from infection. Furthermore, he was able to isolate live S-strai n bacteria from these dead mice. From this, Griffith was ableRead MoreAnalysis Of John Steinbeck s The Great Gatsby 1101 Words   |  5 PagesResearch Rough Draft Paper By: Elizabeth Mozey December 11, 2015 English 2 Ever wondered who was the best author in America? John Steinbeck was an amazing author and his life story was also interesting. Steinbeck had an interesting childhood, family, and adult life, along with award winning novels. John was born to be a writer and it didn’t just brighten political views but really influenced his time. Some characters in his novels and inspirations mainly came from Salinas valley. John SteinbeckRead MoreThe Role the Media Played in Helping the United States Join World War II1142 Words   |  5 Pagesseen to be inherently democratic as it was produced ‘by the people for the people’.† (Murray 142) †¢ â€Å"Women were also warned that if they did not work then a soldier would die, people would call them slackers, and they were equivalent to men who avoided the draft. †(Rupp 96) †¢ â€Å"The United States still often referred to the Japanese as â€Å"Japs† or other racially derogatory names. The words and images left to us by propaganda remain in a nations collective memory.† (Navarro) †¢ â€Å"We Can Do It† – RosieRead MoreReflection On Unconscious Thoughts, By The United States1513 Words   |  7 Pageswith so much intelligence, the underlying thought often overlooked is what the parameters of that distinction truly are. Society often hears of heroes throughout history who sacrifice themselves for others, yet do not seem to acknowledge the brave men and woman in the army who sacrifice their most basic human need of survival to ensure the safety of Americans. When put into a situation where the need arises for a person to endanger himself to benefit the mass, it is important to consider what unknowingRead MoreEssay on John Ernst Steinbeck II: A Brief Biography891 Words   |  4 PagesSteinbeck Biography.) John Steinbeck was considered one of the greatest writers in American history. Steinbeck mainly focused on writing novels, novellas, and play writes. Many of his famous works can be found still in todays libraries like; Of Mice and Men, Tortilla Flat, The Grapes of Wrath and many others. Steinbeck started writing at the age of 14 years old, his first book published was Cup of Gold when he was 27 years old. Since the writing of Cup of Gold Steinbeck has written countlessRead MoreCan our Genes determine our sexual preferences? Draft 2 3/18/2014 Luke2700 Words   |  11 Pages Can our Genes determine our sexual preferences? Draft 2 3/18/2014 Luke Hudson-Piccione Table of Contents Rationale 1 Introduction 1 Maternal Immune Hypothesis 1 Early Fixation Hypothesis 2 Are Sexual Preferences Hereditary? 2 Could Homosexuality be a result of epigenetic development? 3 Are Homosexuals Mutations? 3-5 Does Gender Non-conformity Influence our preferences? 5-6 Are Twins More Prone to Homosexuality? 6 The Ovine Model 6-7 Influence on society 7 Conclusion