Download file to see previous pages...
The effect of this to all industry players and stakeholders is that competition has arisen and become very keen. Today, it takes only a company with improved strategic plan and implantation policy to survive and succeed as a first force
In the midst of competition, the only way to survive and be successful is to follow a set od economic principles that makes you stand out among your competitors. In this regard, it could be seen that the companies that have succeeded in the airline industry since the deregulation of the industry have devised the creation of competitive advantages over their competitors to succeed. Indeed through the creation of competitive advantage, successful companies have critically studies and researched into the weaknesses of their competitors and built on those weaknesses to create major strengths for themselves (quote). This way, they successful companies offer to customers and clients, services that the customers and clients look for in the conduct of their daily business that have been missing. Consequently, they become the preferred choice because they are what the customers desire to patronize. A typical example can be given using the customer satisfaction as a competitive advantage. Most successful companies have come to realize that running an airline is not just about offering cheap prices for services and products but making customers feel comfortable and satisfactorily treated. To this end, they embark on a strategic customer satisfaction principle to ensure that they become the preferred options for customers who want satisfied services.
Clearly, companies that been struggling have refused to employ basic principles of research and development, commonly referred to as R&D. With a highly competitive industry that is virtually free of all forms of monopoly today, it would take only an intensive research and development policy by failing companies to
...Download file to see next pagesRead More
One of the most commonly discussed topics in politics today is the economy. For several years now, it has been in a slump and no matter what the president, the congress, or the economists do, it stubbornly remains slow and precariously balanced on a precipice.
As the author puts it, free market economy is in total contrast to controlled market in which the government indirectly or directly controls demand, supply or prices. According to Adam Smith, the free market system supports the growth of monopolies, cartel-type activities, and mergers.
Out-competing is considered acceptable, rigging the game is not. Several laws were passed between 1890 and 1940 which solidified the rules of competition among the very powerful. Although meant to abate the mighty from unfair competition, all businesses should be aware of these laws.
The Juarez cartel is present in 21 states in the country and has its major bases in; Culiacan, Sinaloa, Monterrey, Nuevo Leon, the cities of Ciudad Juarez, Chihuahua, and Ojinaga, Chihuahua, Mexico City; Guadalajara, Jalisco, Cuernavaca, Morelos and Cancun, and Quintana Roo. The Sinaloa cartel is also widely spread in 17 states with its significant centers being Mexico City, Tepic, Nayarit; Toluca and Cuautitlan, Mexico State and different parts of the state of Sinaloa. The Gulf cartel on the other hand has its presence in 13 states with its major operations being conducted in the following cities; Nuevo Laredo, Miguel Aleman, Reynosa, and Matamoros in the northern state of Tamaulipas.
Morgan was born to a banker who was well connected in the international business scene. Through a series of shrewd and successful investments, J.P. Morgan was able to establish a fortune that was unprecedented in American history. By nature an organizer and incorporating power, he was incessantly engaged in bringing about reforms and stability in fiscal policy and the economy.
The author states that industrialization also increased the ability of nations to generate revenue in order to purchase armaments, train soldiers and build railways. Therefore, industrialization further augmented the menace of imperialism, resulting in a vicious cycle that erupted in the form of the war.
Border states such as Texas and California have seen an increase in the number of drug trafficking incidents in their states. In fact, these incidents have increased across the southwest. The expansion of drug operations into these border states stem from Mexican drug
The Americans refer to the game rules as the antitrust laws. There are two federal laws that govern the competition rules: the Sharman Act and the Clayton Act (Brandão & Castro, 2007). The Sherman Act prohibits business monopolies by putting limits to business activities such
24 Pages(6000 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic MONOPOLIES AND CARTELS for FREE!