Essay on Oligopoly - 1442 Words

An oligopoly describes a market situation in which there are limited or few sellers. Each seller knows that the other seller or sellers will react to its changes in prices and also quantities. This can cause a type of chain reaction in a market situation. In the world market there are oligopolies in steel production, automobiles, semi-conductor manufacturing, cigarettes, cereals, and also in telecommunications. Often times oligopolistic industries supply a similar or identical product. These companies tend to maximize their profits by forming a cartel and acting like a monopoly. A cartel is an association of producers in a certain industry that agree to set common prices and output quotas to prevent competition. The larger the cartel,†¦show more content†¦A few examples of obstacles that need to be overcome are that of the Trade Practices Act, which states that any unfair or deceptive trade by a business is illegal, and also difficulty in getting price agreement because of different costs or a large number of firms in the oligopoly. A current example of an oligopoly would be that of the Viacom/CBS merger. Viacom had proposed a $37 billion deal with CBS that would unite both of these media industries. The new Viacom would be one of only nine massive, diversified corporations-all of which took their present shape in the last fifteen years. These media giants include Time Warner, Disn ey, Rupert Murdoch’s News Corp., Viacom, Sony, Seagram, ATT/Liberty Media, Bertelsmann, and GE. This oligopoly would never have passed legal convention if the regulators at the Federal Communications Commission and in the antitrust division of the Justice Department were doing their jobs, or if the Telecommunications Act of 1996 were not railroaded through Congress. These regulators have let these mergers slide, under intense pressure from the telecommunications and entertainment industry. Microsoft, the biggest Software Company in the world, has been through a lot of debate of whether they have a monopoly and have the ability to establish an oligopoly industry. Microsoft Corporation has the ability to control software prices in the market. They have in a way an oligopoly in this industry. If Microsoft decides to lowerShow MoreRelatedOligopoly : Concept Of Oligopoly1562 Words   |  7 Pages 4 Running head: OLIGOPOLY Concept of Oligopoly Domestic aviation market in the United States is the best example of demonstrating oligopoly. From a recent incident the United Airlines dragged one of its passengers out of the plane due to overbooking. The incident rightly represented the treatment being given to the economy class passengers. The main reason for such incident is the market power. According to the statistics in the year 2016, it was noted that combined shares of the 4 leadingRead MoreOligopoly2529 Words   |  11 Pagesbetween. Aspects of Market Structure The four types of market structure are listed in the drawing below: Characteristics of an oligopoly Definition Oligopoly is a type of imperfect competition with a market structure, that has only a small group of sellers which offers similar or even identical products. Oligopolist, Oligopoly An oligopoly is a market form in which a market is dominated by a small number of sellers (oligopolists). There are few participants in this type of marketRead MoreAn Oligopoly Market Essay2021 Words   |  9 PagesIntroduction It cannot be denied that oligopolies are widespread all over the world. The Cambridge Dictionary (2016) defines oligopoly as ‘a situation in which a small number of organizations or companies have control of an area of business, so that others have no share’. An example is the smartphone market are dominated by Google’s Android and Apple’s iOS. It has been reported that the market share of Android is nearly 80 percent, while iOS’s market share is about 15 percent in 2015 (OlenickRead MoreQuestions on Oligopoly19013 Words   |  77 PagesChapter 16 Oligopoly MULTIPLE CHOICE 1. Markets with only a few sellers, each offering a product similar or identical to the others, are typically referred to as a. competitive markets. b. monopoly markets. c. monopolistically competitive markets. d. oligopoly markets. ANSWER: d. oligopoly markets. TYPE: M DIFFICULTY: 1 SECTION: 16.1 2. An oligopoly is a market in which a. there are only a few sellers, each offering a product similar or identicalRead MoreOligopoly Essays895 Words   |  4 PagesOligopoly is a market structure in which only a few sellers offer similar or identical products. It is an intermediate form of imperfect competition. OPEC is an epitome of Oligopoly. Features of Oligopoly: †¢ Non Price Competition †¢ Interdependent decision making †¢ Entry Barriers If organizations behave in cooperative mode to mitigate the competitions amongst themselves it is called Collusion. When two or more organizations agree to set their outputs or prices to maintain monopoly it is calledRead MoreOligopoly of Banks1566 Words   |  7 Pagesï » ¿BRITISH BANKS: CRACKING THE OLIGOPOLY Student: Aruni Dileepa Wijeweera - 16639300 Student: Elie Gharib - 16443365 Student: Ying Sheng - 17903022 Lecturer: Dr. Neil Perry Economics 200425 Due Date: 18th November 2013 United Kingdom (UK) banking industry started in 1694 with the establishment of Bank of England, with the main purpose of funding the war against France. Throughout the years and with the expansion of the banking industry, many private banks invadedRead MoreThe Oligopoly Theory2874 Words   |  12 PagesRunning head: Oligopoly Theory The Oligopoly Theory OPERATIONS MANAGEMENT Table of Contents Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 Oligopolistic Competition†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...5 Characteristics of an Oligopoly†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....6 Models of Oligopoly Behavior†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 Conclusion†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...11 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreAirtel Oligopoly3534 Words   |  15 PagesTechnologies has been introduced as the third partner for three circles. OLIGOPOLY Oligopoly is a market structure characterized by a small number of large firms that dominate the market, selling either identical or differentiated products, with significant barriers to entry into the industry. Oligopoly dominates the modern economic landscape, accounting for about half of all output produced in the economy. MAIN FEATURES OF OLIGOPOLY: 1. Sellers are few in number 2. Any one of them is of such a sizeRead MoreOligopoly: Monopoly and Firms1535 Words   |  7 Pagesï » ¿+ http://www.expertsmind.com/course-help/?p=oligopoly-emergence-causes-98734287402 Oligopoly Meaning:- Oligopoly  is a common economic system in today’s society. The word â€Å"oligopoly† comes from the Greek â€Å"oligos† meaning little or small† and â€Å"polein† meaning â€Å"to sell.† When â€Å"oligos† is used in the plural, it means â€Å"few.† Oligopoly is a market structure in which there are a few sellers and they sell almost identical products. A situation in which a particular marketRead MoreEffect of Oligopoly on Economy1549 Words   |  7 PagesOLIGOPOLY INTRODUCTION In this topic the oligopoly form of market is studied. You will learn that fewness of firms in a market results in mutual interdependence. The fear of price wars is verified with the help of the kinked demand curve. Collusive forms and non-collusive forms of market are analyzed. The economic effect of the oligopoly form of market is presented. OLIGOPOLY CHARACTERISTICS The oligopoly form of market is characterized by - a few large dominant firms, with many small ones, - a

Swot Analysis Airline Airlines - 1170 Words

1. SWOT Analysis Strength Turkish airlines achieved double digit growth in traffic and revenues due to its domestic market, which is one of the largest and fastest growing markets, and increase in international transfers. As mentioned before Turkish Airlines is one of the star airlines of recent years not also in Europe but also through the world. To analyze the facts affecting the company if we try to make a SWOT analysis we will figure out some conclusions listed below. As for strengths of the company the following features may be mentioned. 1. Geographical advantage: a natural hub and a growing domestic market Turkey has a geopolitically important place in the world, a cross-road of continents like a bridge between Asia and Europe. Besides this, the country has one of the biggest populations of Europe with nearly 80 million inhabitants. Because of the country’s growing GDP a great potential of air travel emerging which was relatively underpenetrated by air travel when compared with the larger Western European countries. The figure below shows the relatively steady growth in GDP and number of domestic and international flights of Turkish market. The positive relation between GDP and number of flights can be derived from the graph. Figure Source: CAPA - Centre for Aviation 2. Strong and consistent traffic growth There has been a positive growth in world airline traffic up to the global economic crisis of 2008 and THY moreover has maintained to outpaced growth inShow MoreRelatedMalaysia Airlines Swot Analysis : Singapore Airlines2344 Words   |  10 PagesMalaysia Airlines SWOT ANALYSIS There has been vigorous media scrutiny over the Malaysian Flag carrier ‘Malaysian Airlines’, due to two tragedies that have occurred this year. The first was the eerie loss of MH370 which occurred in March of this year, it is presumed that everybody onboard died. Then soon after in July the flight MH17 was shot down over Ukraine which killed everybody on board. Due to these two very inopportune calamities, worldwide attention has been concentrated on Malaysia AirlinesRead MoreSwot Analysis : The Airline Industry1678 Words   |  7 PagesThe airline industry is one of the largest industries in the world, it may seem like nothing can affect such a large and stable industry but even a large powerful industry is affected by external environments. This is just one of four important topics that will be covered in this well researched paper. The five forces that affect this industry as well as a well thought out reason why SWOT analysis can be important to Southwest Airline, which is the particular company in the airline industry, we willRead MoreSwot Analysis Of Westjet Airlines1676 Words   |  7 PagesSituation Analysis Introduction WestJet Airlines is a Canadian airline that differentiates itself with their low cost flights and exceptional customer service. The company’s philosophy is â€Å"just because you pay less for a flight, doesn’t mean you should get less.† WestJet has been growing rapidly since 1996, however, they believe in growing responsibly by being cautious of their environmental and community impact (â€Å"About us†, n.d.). As WestJet has a strong presence locally, our analysis will mainlyRead MoreSwot Analysis of Delta Airlines890 Words   |  4 PagesSWOT analysis Strength 1. Innovation: * â€Å"Track check bags† 2. Market share leadership 3. Strong management team 4. Strong brand equity 5. Flights are usually on time 6. The merger and acquisition | Weakness * The number of cancelling flights is a little high * The customer service is bad because in some occasion the customer can’t found the delta representative in the airport. * Lack of online presence * In some aircrafts the seats are uncomfortable and narrowRead MoreSwot Analysis of Delta Airlines875 Words   |  4 PagesSWOT analysis Strength 1. Innovation: * â€Å"Track check bags† 2. Market share leadership 3. Strong management team 4. Strong brand equity 5. Flights are usually on time 6. The merger and acquisition | Weakness * The number of cancelling flights is a little high * The customer service is bad because in some occasion the customer can’t found the delta representative in the airport. * Lack of online presence * In some aircrafts the seats are uncomfortable and narrowRead MoreSWOT Analysis of Lufthansa Airlines509 Words   |  2 PagesSWOT ANALYSIS OF LUFTHANSA AIRLINES Deutsche Lufthansa AG, popularly known as Lufthansa is the largest airline in Europe in terms of both overall passengers carried and fleet size. It is also the Flag Carrier of Germany. With a fleet of more than 280 aircrafts, it operates services to 18 domestic and 215 international destinations in 80 countries across the world. The airline ‘Lufthansa’ is the daughter company of Deutsche Lufthansa AG which is the parent company of several other airlinesRead MoreSwot Analysis: Southwest Airlines2215 Words   |  9 PagesSWOT Analysis: Southwest Airlines SWOT Analysis: Southwest Airlines Southwest Airlines made its first voyage back in 1971 with service based in the cities of Dallas, Houston and San Antonio (Brief History, 2009). 38 years later, Southwest Airlines has more than 3300 flights a day and serves 66 cities in 33 states (Factsheet, 2009). Southwest Airlines has demonstrated a variety of strengths in its 38 year presence. Recent economic events have also caused a renewed focus on the company’s weaknessesRead MoreSWOT analysis of Delta Airlines2017 Words   |  9 Pages SWOT analysis of Delta Airlines Vaughn College of Aeronautics Georgi Teofilov December 15th 2012 Introduction Having been founded on May 30th 1924 Delta airlines is one of the only 4 legacy carriers still left in the aviation industry since the 1978 airline deregulation act. It is a major United States airline and its headquarters are in Atlanta, Georgia. Delta airlines operates 5,000 flights every day of which are both domestic and international. Delta airlines hub is locatedRead MoreSwot Analysis : Southwest Airlines1900 Words   |  8 PagesIn 1971 Southwest Airlines started their operations with a vision of being a low cost/low fare carrier for passengers traveling between San Antonio, Dallas and Houston. After early legal battles and struggles gaining market share, their fighting spirit, integrity and will to succeed paid off. Over the course of the next 40+ years, Southwest has become the world’s largest low-cost carrier, while carrying more domestic passengers that any other U.S. airline (â€Å"Southwest Corporate,† 2015). Their cultureRead MoreAmerican Airlines Swot Analysis2133 Words   |  9 PagesHISTORY OF AMERICAN AIRLINES American Airlines, Inc. (AA) is a major airline of the United States. It is the worlds largest airline in regards to accumulated passenger miles. American Airlines took off on April 15, 1926 when Charles Lindbergh flew a bag of mail from Chicago to St. Luis in a DH-4 biplane. A year later the first passenger flight flew from Boston to New York, heralding the real first passenger airplane travel by American Airlines. A subsidiary of AMR Corporation, the head quarters

MBA for engineers Free Essays

The time duration and requirements for the degree vary around the world but the main requirements include a few years work experience. It varies from 2 year programs to a 3 year program depending on the time one can give to it. Generally people opt for the degree after non technical degrees in order to enhance their job perspectives and get promotions at their current jobs. We will write a custom essay sample on MBA for engineers or any similar topic only for you Order Now The MBA trend at one point fully saturated the job market with such graduates. This caused a shift/ decline in the MBA trend which was picked up a few years back with engineers opting for MBA instead of their regular Master programs. Opportunity cost of a MBA degree: The total cost of an MBA, inclusive of tuition as well as two years of Oregon salary, has risen to ‘four times the post-degree starting salary in the past 10 years† according to Fortune magazine. And in the case of Stanford Graduate Business School, for example, Pedestrians calculates the total cost to be â€Å"a whopping $351 ,662. † Full-time Mambas, however, at least have the luxury of being able to focus on their studies exclusively and have unrestricted access to all the program’s resources (including career services). Part-time MBA programs are more affordable financially, but their principal cost is even more finite – time. For these students juggling work and school eaves very little time for having a social or personal life. The degree also takes longer to complete; typically three years in the United States. In addition, some MBA programs restrict on-campus recruiting to those with full-time status, and part-time students may not have access to all the programs or classes afforded their full-time counterparts. Executive MBA students, like their full-time counterparts, are able to complete their degree In two years. Admission, however, is usually restricted to applicants with more than ten years experience (Topmast. Coma’s survey determines the average age of students to be 37). The MBA is also the most expensive degree to obtain on the basis of tuition alone; for example, in 2012 the tuition to attend Wharton is $1 71 , 360. For most people, this is cost-prohibitive if their employer is not sponsoring the education. And, like part-time MBA students above, MBA students still have to wrestle with the time management problems of attending school while working full-time. Is MBA worth it for Engineers: When people have gone as far as they could with their present education, they have two options. Either they get an advanced degree or a similar degree as the previous one. This may be the answer to the people who want to untie working the same type of work and would like to continue in the same aspect of their career. But on the other hand, they have a second option and that is to get an MBA degree which will allow them to move up the career ladder. A lot of engineers wonder if they should seek an advanced engineering degree or an MBA degree. The answer to the question lies with the future goals of the individual. If they plan on Opening their own business one day, an MBA degree would be a valuable asset to them. Since looking at technical aspect of their degree is important for the business as well but the business requires more than that. It teaches how to look at technical skills from a business point of view and market the skills to prospective clients. Since one of the skills taught in an MBA is financial skill, it helps the technical background graduates manage their business with a keen sense of the market. Engineers excel at being able to stay focused and solve problems with a limited set of resources in a logical and practicable manner. When coupled with the ability to â€Å"talk the language of business† this combination is invaluable to an employer. On the value of the MBA education, Didgeridoo explained that there is a need for people who speak both the technical engage as well and the C- level language. Since engineers are given a problem state, a set of limited resources and are told to find a way out from the very beginning, they are able to work more effectively in MBA. He also said that his engineering background gave him a huge advantage in non technical fields while he was in his MBA program. Putting himself among people with non technical background, he realized that he had an overall advantage by allowing him to think like an engineer, having the language of an MBA. In a Wall street journal article, written by a Havana strategy roofless Julie Wolf, it was mentioned that with there maybe implications for middle managers looking to advance their careers but are being held back by the lack of managerial skills/ experience. Also in it, it was mentioned that corporate succession plans might favor functional experts who have managerial capabilities and at least general managers who are willing to work with the highly technical/ specialized counter parts. A candidate with both the technical expertise to understand the nuts and bolts of the product development cycle as well as the ability to see the wider marketing or striation picture is highly desirable. If you are looking to move â€Å"out of the lab coat† and into the corner office, obtaining an MBA may be just the ticket. If one is a candidate with the technical expertise to understand the mechanics of product development as well as see beyond the current market picture is available, then that candidate will be high desirable. Also if someone is looking to change their careers or move out of the laboratories, MBA might just be the ticket for it all. Since engineers overall act as managers at times, one can easily think about shifting the career focus if they think they have cached their maximum promotion level with the engineering degree. Some times it is not all about doing your own job but about getting others jobs done. This is one of the basic managerial skills which is learned outside an MBA degree. Having an MBA degree just provides valuable skills and a chance to shift the career away from the technical field towards managerial roles or acting as a bridge between the technical and non technical people. This characteristic is one of the most desired in the market currently since the HRS department requires technical assistance from time to time. Having both the kills can enable anyone to bridge the gap and earn more than before. For engineers, there is hardly anything challenging in the MBA program as they have already come from a curricula which involved a lot more technical study and advanced mathematics than a regular MBA program. Contradictions to the choice: People when asked about the requirement for promotion to management positions often reply that experience is the single most important factor. But according to Jay Rogers of Rangelands Engineering says that placement requests for an MBA graduate are as low as 0. 6% as compared to Engineering Masters degree and BBS in Engineering which comes close to 1. % and 97. 7% respectively. Also according to the same dataset applied above, the average salary of an MBA is less than that of an Engineer. So we can say that MBA can open some doors but engineering have fewer doors and choices which is why the salaries are high A lot of companies also believe that MBA is an expensive hire. Software and computer engineering is one area that is dominated with the start up culture with the idea that MBA is a hindrance instead of a help. A lot of companies also hold bias against the Mambas and how they try to run organizations. Similarly, top companies who have understood the importance of an MBA tend to hire people from the top schools. So if someone wants to shift careers, they will have to choose the top MBA programs since top companies have an image to take care of. On the other hand, people who just want to enhance their job skills or shift their positions in the same organization they are working in, any MBA degree is acceptable. It all depends on how one visualizes their future and what do they expect from the degree since all that is taught in an MBA program is something that you an learn by studying a few good books on the subject. MBA culture in Pakistan: MBA picked up the trend relatively late as compared to the rest of the world. By the time the trend of engineers opting for an MBA was picked up in Pakistan, the market was already saturated with the traditional Mambas. The engineers, who picked up the trend wanted job enhancement and promotions in their respective jobs. The study further details about what prompted the trend to emerge in Pakistan. According to the research we did, we came across two major reasons why people were opting for an MBA. How to cite MBA for engineers, Papers

Competitiveness and Interregional System †Free Samples to Students

Question: Discuss about the Competitiveness and Interregional System. Answer: Introduction: Dominos is the worlds one of the largest pizza chain restaurant. The company was originated in year 1960 by James Monaghan and Tom Monaghan. Dominos headquarter is situated in US and it is widely expanded to around 6000 international locations. The company has its specialization in pizza due to which it is famous world-wide (Baroto, Abdullah, and Wan 2012). The purpose of selecting Dominos is that the financial statements of the company shows that it gains an optimum amount of profit; which demonstrates that the company has an efficient business model in it workings. Also the company soon became the choice of the society by creating quality products and providing well-organized delivery services. As the mission of the company suggests that they want to provide quality services to the customers outside their geographical boundaries. The company is highly flourished in the market due to its service providing techniques. The company aims to provide door to door services its customers. However, this technique is used by many other companies existing in the same industry, but they are unable to satisfy the needs of the customers. Also the company has gained the market capitalization by using innovative its business model (McGrath 2013). With the aid of efficient business model the company achieved greater satisfaction among the employees and wider customer base as well. The business of the company included the following steps with the help of which the company achieved the current value added position. Initiation: dominos analyzed its traditional business model and looked after the market aspects which the company can use to grow. The company examined all the factors prevailing in the market that can reduce the growth of the company (Walker, and Madsen 2016). Ideation: after gaining optimum knowledge about its products and the market under which the company is prevailing, they invented techniques and producers to innovate the business model. The company invented the business model after concerning the product and the market specifications. Integration: in the process of titration the company examined all the factor affecting the growth of the business and further considering that the integrate business model would positively affect the shares of the company and help it achieve its objectives. Further dominos initiated innovation in its business model. The company used 30 minutes delivery services and integrated it with the business model in such a way that it assists the company in gaining the competitive edge in the market. The process of integration helped the company in applying all the resources in the business model to achieve the objective defined (McGrath 2013). Implementation: implementation refers to the end procedure used by the company in gain the market share and a huge customer base in the competitive environment. Further, the company implemented the new and innovative business model in such a way so that the customers expectations are fulfilled. Wal-Mart Stores, Inc. Walmart is an America based multinational retailing store which holds its business worldwide in the international market. The company has many hypermarkets, grocery stores and discount department stores. Walmart has 11, 695 stores worldwide, having its business in 28 countries under the 63 banners. According to fortune global 500 lists by far the company generates highest revenue worldwide that is of approximately $480 billion. The reason for choosing Wal-Mart is clear that the company has excelled in its business and is growing with maximum speed. Along with local the company equally operates in the international market by making the product global (Hesterly, and Barney 2010). Further the business model with the help of which the company achieved excellence in the market is discussed below: The company applied the CAGE framework effectively due to which the company became successful internationally. The company initiated the CAGE framework in the following ways: Cultural Dimension: the cultural dimension of this framework includes difference language, ethnicities; social networks etc. the company created profit by using the cultural dimension of this framework. As Wal-Mart is renowned worldwide, due to which the international customer sensed trust and satisfaction by using the services of the company. As the company was having social networks and business functions globally, due to which they easily established themselves in the international market without facing the language or culture barrier. Apart from that management always pays attention on the values and belief of the society in which they are working (Ghemawat, Llano, and Requena 2010). Administrative Distance: the administrative distance includes difference in currency, trading bloc, colonial ties. The company overcomes the difference of administration by developing various strategies to resolves such issues. Along with that the company employed efficient people having adequate knowledge of the market in which the company is prevailing; due to this the company enjoyed growth as well. Initially the company expanded is business in the neighboring countries only due to which they grew and experienced the international market tactics as well. Further after having experience they initiated its admiration in other international market achieved success (Ghemawat, 2011). Geographical Distance: the geographic distance of CAGE framework includes physical distances, different time zones, difference in climatic conditions etc. The company managed to overcome the geographical differences by adapting the traditional techniques used by the companies to survive in the particular market. Further the company. Physical distances were resolved with the acceptance of e-commerce in the business (Tian, et. al., 2014). Environmental differences and time zone issues were resolved by inaugurating warehouses in the places nearby the market where the company is situated. Economic Distance: economic distance in the cage framework includes differences in the distribution in a country, cost of resources (financial or natural), infrastructure etc. The company Wal-Mart used its efficient human resource to initially establish themselves in the new cultural environment (Ghemawat, 2011). The company resolved the economic distance by gaining optimum knowledge about the market and utilizing them in such a way to gain organizational objective. References Tian, D., Chen, Q., Li, Y., Zhang, Y.H., Chang, Z. and Bu, X.H., 2014. A mixed molecular building block strategy for the design of nested polyhedron metalorganic frameworks. Angewandte Chemie International Edition, 53(3), pp.837-841. Ghemawat, P., 2011. The cosmopolitan corporation. Harvard Business Review, 89(5), pp.92-99. Ghemawat, P., 2011. World 3.0: Global prosperity and how to achieve it. Harvard Business Press. Ghemawat, P., Llano, C. and Requena, F., 2010. Competitiveness and interregional as well as international trade: The case of Catalonia. International Journal of Industrial Organization, 28(4), pp.415-422. Walker, G. and Madsen, T.L., 2016. Modern competitive strategy. McGraw-Hill Education. McGrath, R.G., 2013. The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press. Hesterly, W. and Barney, J., 2010. Strategic management and competitive advantage. Pearson, ed., Pearson Prentice-Hall. Baroto, M.B., Abdullah, M.M.B. and Wan, H.L., 2012. Hybrid strategy: a new strategy for competitive advantage. International Journal of Business and Management, 7(20), p.120.