1. Extend your support base, networks, connections. It increases
the numbers. More the numbers one can utilise more opportunity what
it can do by itself.
2. Provides security and protection for those members who can not
take action on their own, especially when working in an environment
which is hostile or difficult.
3. Expand existing financial and human resources by pooling them
and transferring work to other coalitions.
4. Reduces efforts and money duplication.
5. Enhance the reputation and power of the movement and of
individual members of the coalition.
Consider the OPEC (Organization of the Petroleum Exporting Countries) coalition. What are some benefits to be...
Topic: The Organization of the Petroleum Exporting Countries (OPEC) and Russia have failed to reach the agreement on oil output cut in early March, which triggered the oil price war and the oil price has dropped by more than 50% within a month. Base on your knowledge on Cartel: 1. Suggest the possible reasons to explain why Russia and OPEC failed to reach the agreement. 2. Discuss how the low oil price might affect the major oil supplying countries. 3....
8. OPEC (Organization of the Petroleum Exporting Countries) announced it will decrease oil production by 20 percent in the near future. At the same time, India's income increased from $3,400 per capita to $5,250 per capital last year, prompting a strong demand for cars and gasoli The final effect on the market of cars is:
On December 1,2016, the Organization of the Petroleum Exporting Countries (OPEC) decided to cut crude oil production starting in January 2017.It is expected that this cut in production will result in an increase in crude oil prices. This increase in crude oil prices will shift the short-run aggregate supply (SRAS) curve to the left. This situation is depicted below in the movement of the economy from point A to point B. In the figure below, shift the appropriate curve to...
4. The oll cartel The Organization of Petroleum Exporting Countries (OPEC) is a group of 12 member countries that formed a cartel to sel petroleum on the world market. They support prices higher than would exist under more competitive conditions to maximize member nation profits and restrict competition among themselves via production quotas. Suppose that OPEC does not exist and that the 12 oil-producing nations compete in the world market, which is perfectly competitive. On the following graph, use the...
3. Question # 3 - OPEC is an alliance of exporting oil and gas countries . It is believed that OPEC is an effective organization for the member countries. a. Compare and discuss OPEC and other regulatory alliances and networks. Do you believe the statement above is true regarding the effectiveness of OPEC and other organizations? b. Can The OPEC control oil and gas worldwide prices? Why or why not? 4. Question # 4 : Because of high costs for...
Consider a cartel, the Organization of the Rice Exporting Companies (OREC), which is a group of rice-exporting countries. Although OREC has eight members, let’s keep it simple and assume there are only two: China and Vietnam. The figure below shows the payoff matrix for the game. Each country must choose how much rice to produce, either low output or high output. Note that this payoff matrix is not symmetric. At any outcome, China makes more money than Vietnam because China...
A very large international cartel that is allowed to exist, that is allowed to set prices, which every nation is forced to pay regardless is OPEC. According to OPEC (2017) , " OPEC is a permanent intergovernmental organization of 14 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries". OPEC is a cartel that regulates oil prices so that consumers get a fair price. Supply is regulated from these oil producing countries in order to...
According to The Economist magazine, the two worst recessions of the 1970s were preceded by huge and sudden rises in the price of oil, first in 1973 and then in 1979. These twin spikes, both engineered by the Organization of the Petroleum Exporting Countries limiting its oil shipments, are still the textbook example of an economic "shock" - a sudden change in business conditions. Using an aggregate demand and aggregate supply model, show the impact of these oil shocks on...
What are the benefits of using the learning organization approach to design? Now consider that, in order to learn, organizations must be willing to tolerate many mistakes because it is only through the effort of understanding mistakes that learning can occur. With this statement in mind, what are some of the potential problems with the use of the learning organization approach?
What are the benefits of a balanced scorecard to a healthcare organization? What are some of the challenges? How do healthcare leaders overcome those challenges?