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S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

96

Impact of Fluctuation:
Stock / Forex / Crude Oil on Gold
Vikram K. Joshi

A b s t r a c t Gold which traditionally viewed as a safe haven in uncertain times, hit record highs in post-2000. The current bull-run in gold has lasted for a decade from
` 4473.60 per 10 gms in 2000-01 to record highs of ` 14,578.08 per 10 gms in
2009-10.

B e f o r e 2 0 0 0 , t h e d e m a n d f o r g o l d w a s e l a s t i c . H o w e v e r, n o w t h e

gold market seems entirely inelastic, as the appetite for the metal is high even a s t h e p r i c e s m o v e h i g h e r. I n t h i s p a p e r t h e e f f o r t s a r e m a d e t o a n a l y z e t h e reasons for rising gold demand and prices in Indian market and its relationship w i t h t h e f o r e x m a r k e t , t h e f l u c t u a t i o n s i n t h e s t o c k m a r k e t and t h e s o a r i n g crude oil price in the international market.

Key words: Stock Market, BSE SENSEX, Gold prices, FOREX Market, Crude oil prices. dwells on the rise in price of the yellow metal.

I

Dr. Vikram K. Joshi, Asst Professor, Dr. Ambedkar
Institute of Management Studies and Research
Deekshabhoomi, Nagpur.
Email: vikramkjoshi@gmail.com

n India, gold standard was treated as one of the most important measures or instruments of monetary system. The gold standard ceased to function a long time back but gold bullion still retains some of its old halo.
Gold bullion still figures in the discussions of the monetary system. Gold bullion is prized even in the age of demat trading and plastic money, because of its inherent quality as the original currency for trading, and therefore, a symbol of financial security. Paper money has been known to become worthless in a matter of days and stocks in a matter of hours. But gold hardly loses its glitter. Since 1980s, the perception of gold has slowly changed from an asset that must be hoarded to guard against a rainy day to a commodity that can be traded. This may be one of the reasons why India is the world’s largest consumer of gold, importing around 800 tonnes annually.
As gold which traditionally is viewed as a safe heaven in uncertain times, hit record highs in post-2000. The current

A Quarterly Journal

S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

bull-run in gold has lasted for a decade from ` 4473.60 per
10 gms in 2000-01 to record highs of ` 14,578.08 per 10 gms in 2009-10 as can be seen from table 1. It is seen that, before 2000, the demand for gold was elastic, however,

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now the gold market seems entirely inelastic, as the appetite for the metal is high even as the prices move higher.
The table below shows the gold prices during 1980-81 to
2009-10 in India and London.

Table 1: Prices of Gold

Year

Spread ( in `)

Mumbai

London

Gold Prices

Gold Prices

(` per 10 gms)

(` per 10 gms)

1980-81

1522.44

1484.67

37.76

1981-82

1719.17

1209.94

509.23

1982-83

1722.54

1250.38

472.16

1983-84

1858.47

1342.06

516.41

1984-85

1983.92

1293.78

Percentage rise

690.13

during decade

1985-86

2125.47

1289.76

835.71

1986-87

2323.49

1577.02

746.46

1987-88

3082.43

1912.54

1169.89

1988-89

3175.22

1960.38

1214.84

1989-90

3229.33

2063.01

1166.32

1990-91

3451.52

2164.26

1287.26

1991-92

4297.63

2841.07

1456.55

1992-93

4103.66

3332.95

770.71

1993-94

4531.87

3766.28

765.58

1994-95

4667.24

3864.15

803.09

1995-96

4957.60

4188.58

769.03

1996-97

5070.71

4283.94

786.77

1997-98

4347.07

3775.92

571.15

1998-99

4268.00

3952.00

316.00

1999-00

4393.56

3896.66

496.90

2000-01

4473.60

4007.79

465.81

2001-02

4579.12

4260.24

318.88

2002-03

5332.36

5062.11

270.25

2003-04

5718.95

5573.53

145.41

2004-05

6145.38

5976.14

169.24

2005-06

6900.56

6790.26

9240.32

9137.79

102.53

2007-08

9995.62

9897.12

98.50

2008-09

12889.74

12816.81

72.94

2009-10

14578.08

14449.29

36.05 %

110.30

2006-07

112.11 %

231.80 %

128.79

(Till May)
Source: Compiled and Computed from Economic & Political Weekly, EPW Research

Foundation, Current Statistics, Jan 5-11, 2008, p.73 &

http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/178T_HB150909.pdf (for

A Quarterly Journal

2007 onwards data).

S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

From the table it can be seen that the prices of gold have increased by 112.11 percent during 1980-81 to 1989-90,
36.05 percent during 1989-90 to 1999-00 and again it rose sharply by 231.80 percent during 1999-00 to 2009-10. The percentage rise in gold prices during 1989-90 to 1999-00 was less as compared to the previous decade and last decade. The prices of gold plummeted sharply during 1996 to 1999 due to the following reasons. Firstly, the dollar price of gold has gone by 25 percent in the same period.
Secondly, the Indian gold import regulations have been

98

liberalized and some benefits of globalization have been passed on to the consumers in the form of lower rupee prices. The higher demand for gold in India is the reason why prices of gold in India are higher as compared to the international market as can be seen from the chart above.
(Chart 1).
The following table shows the consumer demand of gold in
India and world by use during 2001 to 2009.

Table 2: Gold: Consumer Demand – India and World by Use

Year

World

India

Percentage to world total

2001 (Jan – Dec)

3370.1

702.0

20.8

2002 (Jan – Dec)

3026.4

547.3

18.1

2003 (Jan – Dec)

2848.4

568.7

20.0

2004 (Jan – Dec)

2236.0

617.7

27.6

2005 (Jan – Dec)

3098.5

721.6

23.3

2006 (Jan – Dec)

2662.0

715.5

26.9

2007 (Jan – Dec)

2810.9

769.2

27.4

2008 (Jan – Dec)

3048.2

712.6

23.4

2009 (Jan – Dec)

2423.5

480.0

19.8

Source: 1. Economic and Political Weekly, EPW Research Foundation, Current Statistics, Jan 5-11, 2008, p.73. 2. http://www.gold.org/assets/file/ pub_archive/pdf/GDT_Q4_2009.pdf (Annual Report RBI February 2010), and 3. http://www.scribd.com/doc/14037125/Gold-commodityrofile#fullscreen:on (for 2007 figures).

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S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

From the tables it can be seen that the consumption of gold in India is very high and India is largest consumer of gold in the entire world. The import of gold was 715.5 tonnes in the year 2006 and it rose to 769.2 tonnes during the year
2007 (Jan to June) i.e., rise of around 7.50 percent and was expected to reach 880 tonnes by the end of the year 2010 which represents the growth of 25.35 percent as compared to the year 2001. Also if we look at the consumption of gold in India as compared to the world consumption it is appreciably high and lies in the range of 18 percent to 27.6 percent. Thus, when one thinks of gold one think of India
– world’s largest consumer of gold.
Review of Literature
Wang M L et al (2010) have studied the relationship between the fluctuations in crude oil prices, gold price and exchange rate of US dollar with various currencies on the stock price indices of the US, Germany, Japan, Taiwan and China for the period 2006 to 2009. The results show that there exists a significant relationship between gold prices and the exchange rate. Toramana C. et al (2011), have analyzed the factors affecting gold prices in USA for the period 1992 to
2010. The factors considered for the study are Oil prices,
USA exchange rate, USA inflation rate and USA real interest rates. They have found highest negative correlation between gold prices and oil prices in USA. Also the study proved that there exists a high degree of correlation between gold prices and USA dollar. The other variables have no significant relationship with the gold prices. Kalra N. et al
(2012), has carried out the research to study for the period
2008 to 2011 to analyze the impact of various global and domestic factors on the Indian stock market. They have shown that there exists a positive and significant relationship of gold prices with BSE SENSEX.
In Indian context, the rally in gold prices were triggered by the global trend which normally sets prices in domestic bullion markets, is closely linked with the forex market and moves in the opposite direction of the US dollar.
Secondly, the soaring crude oil price is another factor which pushes demands and prices of gold. Thirdly, the fluctuation in the stock market, which causes economic uncertainty, favours the investment demand of gold. In this paper the impact of BSE SENSEX, FOREX and crude oil prices on movement of prices of gold in India are analyzed through an econometric enquiry.

99

Data Collection
The data are collected for the fluctuations in the BSE
SENSEX, gold prices and value of Rupees/Dollar during
30 th January 2008 to 14 th March 2008 and 3 rd June 2010 to
4 th August 2010. The above period is selected to study the relationship between the SENSEX, gold prices and the value of Rupees/Dollar as the SENSEX was relatively volatile and the value of Rupees/Dollar was relatively stable during the first period and the SENSEX was relatively stable and the value of Rupees/Dollar was relatively volatile during the second period. From the table 3 and chart 2, it can be seen that when SENSEX falls gold price increases and vice versa, but it is not true always. Whenever there are high fluctuations in the market, people prefer to make investment in gold and seasonal demand is the another factor. Also when the value of Rupees/Dollar appreciates demand for gold increases and vice versa as can be seen from chart 3. When dollar depreciates in value in international market, demand for gold increases in our country. Thus, it seems that there exists an inverse relationship between value of dollar and gold prices (and also demand) in India. Finally, the soaring crude oil price in international market increases the demand and price of gold in the country. This is evident from the fact that soaring crude oil prices and falling dollar pushed gold to an all-time high of Rs. 13,030 on March 14, 2008. This paper analyses these facts with the help of an econometric enquiry about whether these facts hold true statistically or are mere coincidences at different occasions.
Let us consider the following tables showing the comparison between BSE SENSEX, Gold prices and Value of Rupees/Dollar during 30 th Jan to 14 th Mar 2008 and 3 rd
June to 4 th August 2010 and the comparison between BSE
SENSEX, Gold prices, Value of Rupees/Dollar and Crude
Oil Prices during the same period (Table 3 and Table 4).
As seen in Chart 2 and Chart 4, when SENSEX – Relatively volatile; Value of Rupees/Dollar – relatively stable and
Crude Oil Prices – relatively volatile, the trend lines of
SENSEX and gold prices are going in opposite direction which shows an inverse relationship between SENSEX and gold prices. If we compare the trend lines of gold prices and value of Rupees/Dollar, the trend lines go in the same direction which show that there exists a direct relationship between gold prices and value of Rupees/dollar. Also, the

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S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

100

Table 3: Comparison between BSE SENSEX, Gold prices and Value of `/Dollar during
30 th Jan to 14 th Mar 2008 and 3 rd June to 4 th August 2010

Part (a)

Part (b)

Sensex – Relatively Volatile

Sensex – Relatively Stable

Value of `/Dollar – Relatively Stable

Value of `/Dollar – Relatively volatile

Day

BSE

Gold

Sensex

Value

price/

of Rs/

10 gms

BSE

dollar

Day

Sensex

Gold

Value

price/

of Rs/

10 gms

dollar

30 Jan, 08

17,759

11,785

39.39

3 June, 10

16,742

18,725

46.99

31 Jan, 08

17,649

11,785

39.37

8 June, ‘10

16,781

18,645

47.10

1 Feb, 08

18,233

11,890

39.36

9 June, ‘10

16,617

19,050

46.95

4 Feb, 08

18,660

11,515

39.44

11 June, ‘10

16,922

18,725

46.97

5 Feb, 08

18,663

11,405

39.55

12 June, ‘10

17,065

18,640

46.85

6 Feb, 08

18,139

11,470

39.50

15 June, ‘10

17,338

18,615

46.49

7 Feb, 08

17,527

11,630

39.53

16 June, ‘10

17,413

18,580

46.57

8 Feb, 08

17,465

11,710

39.63

18 June, ‘10

17,617

18,690

46.32

11 Feb, 08

16,631

11,895

39.69

19 June, ‘10

17,571

18,790

46.17

12 Feb, 08

16,608

11,835

39.69

22 June, ‘10

17,877

18,790

45.75

13 Feb, 08

16,949

11,620

39.75

23 June, ‘10

17,750

18,615

46.25

14 Feb, 08

17,766

11,685

39.60

24 June, ‘10

17,756

18,735

46.19

15 Feb, 08

18,115

11,788

39.67

25 June, ‘10

17,730

18,665

46.49

18 Feb, 08

18,048

11,650

39.78

26 June, ‘10

17,575

18,820

46.29

19 Feb, 08

18,076

11,650

39.93

29 June, ‘10

17,774

18,895

46.21

20 Feb, 08

17,613

12,005

40.20

30 June, ‘10

17,534

18,770

46.49

21 Feb, 08

17,735

12,200

39.92

1 July, ‘10

17,701

18,830

46.45

22 Feb, 08

17,349

12,230

40.03

3 July, ‘10

17,461

18,465

46.77

25 Feb, 08

17,651

12,265

39.96

7 July, ‘10

17,614

18,495

46.91

26 Feb, 08

17,806

12,055

39.90

8 July, ‘10

17,471

18,290

47.04

27 Feb, 08

17,826

12,345

39.78

13 July, ‘10

17,937

18,390

46.78

28 Feb, 08

17,824

12,325

39.87

14 July, ‘10

17,986

18,410

46.77

29 Feb, 08

17,578

12,520

40.01

15 July, ‘10

17,938

18,460

46.70

3 Mar, 08

16,678

12,745

40.14

17 July, ‘10

17,956

18,395

46.77

4 Mar, 08

16,340

12,805

40.31

20 July, ‘10

17,928

18,290

47.13

5 Mar, 08

16,542

12,585

40.29

21 July, ‘10

17,878

18,220

47.36

7 Mar, 08

15,976

12,855

40.52

27 July, ‘10

18,020

18,245

47.05

10 Mar, 08

15,924

12,740

40.50

28 July, ‘10

18,078

18,065

46.68

11 Mar, 08

16,123

12,845

40.45

29 July, ‘10

17,957

17,765

46.77

12 Mar, 08

16,128

12,725

40.33

30 July, ‘10

17,992

17,445

46.54

13 Mar, 08

15,357

12,965

40.44

3 Aug, ‘10

18,081

17,810

46.25

14 Mar, 08

15,761

13,030

40.44

4 Aug, ‘10

18,115

17,905

46.17

Source: Market Watch, Times of India, Jan 30 to March 14, 2008 & June 3 to August 4, 2010.

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S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

101

Table 4: Comparison between BSE SENSEX, Gold prices, Value of `Dollar and Crude Oil Prices
Part (a) :Sensex – Relatively Volatile; Value of `/Dollar – Relatively Stable; Crude Oil Prices – Relatively Volatile
Day

BSE Sensex

Gold Price/10 gms

Value of

Crude Oil

`/dollar

Prices ($)

1 Feb, 08

18,233

11,890

39.36

88.96

8 Feb, 08

17,465

11,710

39.63

91.77

15 Feb, 08

18,115

11,788

39.67

95.50

22 Feb, 08

17,349

12,230

40.03

98.81

29 Feb, 08

17,578

12,520

40.01

101.84

7 Mar, 08

15,976

12,855

40.52

105.15

14 Mar, 08

15,761

13,030

40.44

110.21

Part (b):Sensex – Relatively Stable; Value of `/Dollar – Relatively Volatile; Crude Oil Prices – Relatively Stable
Day

BSE Sensex

Gold price/10 gms

Value of

Crude Oil

Rs/dollar

Prices ($)

3 June, 10

16,742

18,725

46.99

71.51

11 June, 10

16,922

18,725

46.97

73.78

18 June, ‘10

17,617

18,690

46.32

77.18

25 June, ‘10

17,730

18,665

46.49

78.86

1 July, ‘10

17,701

18,830

46.45

72.14

8 July, ‘10

17,471

18,290

47.04

76.09

15 July, ‘10

17,938

18,460

46.70

76.01

21 July, ‘10

17,878

18,220

47.36

78.89

` /dollar

Source: http://www.nyse.tv/crude-oil-price-history.htm & Table 5 above.

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102

` /dollar

` /dollar

S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

A Quarterly Journal

103

` /dollar

S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

trend lines of gold prices and crude oil prices as seen in chart
4 goes in the same direction, implies that there exists a direct relationship between gold prices and crude oil prices.
Similarly, as seen in Chart 3 and Chart 5, when SENSEX –
Relatively stable; Value of Rupees/Dollar – relatively volatile and Crude Oil Prices – relatively stable, the trend lines of SENSEX and gold prices are going in opposite direction which show an inverse relationship between
SENSEX and gold prices. If we compare the trend lines of gold prices and value of Rupees/Dollar, here the trend lines go in the opposite direction (chart 3) which shows that there exists an inverse relationship between gold prices and value of Rupees/Dollar when value of Rupees/Dollar is volatile. Also, the trend lines of gold prices and crude oil prices as seen in chart 5 goes in the opposite direction, implies that there exists an inverse relationship between gold prices and crude oil prices when crude oil prices are relatively stable.
For analyzing the impact of the various variables on gold prices, the hypotheses are formulated for different occasions as mentioned in the various cases as discussed below: Data Analysis
Case 1: When SENSEX – Relatively volatile
H 0 : There is no relationship between gold prices and
SENSEX.
H 1 : There exists a relationship between gold prices and
SENSEX.
The output generated for the regression equation between gold prices and BSE Sensex when Sensex is relatively volatile using Analyse-it tool-pack of EXCEL, is given as below: As seen in table 5, the slope coefficient of regression equation indicates that as BSE Sensex increases by 1 unit, gold price decreases by 0.4543 units. Since Sensex is an index measured in 100s, the coefficient of Sensex implies that gold price decreases by ` 45.43 for every 100 extra
BSE Sensex rise. Similarly, when Sensex = 0, the price of gold is determined at `19,986. Secondly, the value of adj
R 2 comes to be 0.63 and R 2 comes to be 0.64 which is moderately high. Thus, we can conclude that the

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S C M S J o u r n a l o f I n d i a n M a n a g e m e n t , October - December, 2 0 1 2.

104

Table 5: Regression Analysis - Gold Price vs SENSEX n R

32
2

0.64

Adjusted R 2

0.63

SE

304.7

Term

Coefficient

95% CI

SE

Intercept
Slope

19986

17811 to 22160

1065

-0.4543

-0.5801 to -0.3285 0.06159

t statistic

DF

p

18.77

30

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...The Case Study Approach Linda P. Williams Liberty University Online Author Note Linda P. Williams, Department of Psychology, Liberty University Online Correspondence concerning this article should be addressed to Linda P. Williams, Department of Psychology, Liberty University Online, 1971 University Blvd, Lynchburg, VA 24515, E-mail: lwilliams91@liberty.edu The Case Study Approach Introduction At some point during the pursuit of a degree psychology, the time comes when a student must learn various research techniques. One of the many approaches is case study, which this paper will focus on. Areas of discussion include reasons for using a case study, advantages/disadvantages to the approach, and ways acquire information to perform a case study. The essence of a case study A case study is used to offer a mental accounting of a person, school, neighborhood, business, or group of individuals over the course of time, way of research. It is sometimes referred to as naturalistic observation, but does not always follow the same protocol. Mental accounting is done by means of observation of various behavior or mind sets operating in their natural environment. This is noteworthy, especially when participants have a distinct disorder worthy of being studied to further the cause of research and development. Depending on the purpose of the investigation, the case study may present the individual’s history, symptoms, characteristic behaviors, reactions to......

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...Tanglewood Case Study 2 Ratings: (0)|Views: 6|Likes: 0 Published by Megan Purdy Tanglewood Case Study 2 See more Tanglewood Case Study 2 Page 1 Tanglewood Case Study 2Megan PurdyHRM 594Keller Graduate School of Managementr! CardenMay 2"# 2$%4 Tanglewood Case Study 2 Page 2 Recru&tment Gu&dePos&t&on' Store Associate Re(orts To' Shift Leader and Department Manager )ual&f&cat&ons' Prefer to have some ac!ground in customer service or retail" no specific list of minimal educational ac!ground re#uired Rele*ant +a,or Mar-et' Pacific $orthwest% ®on and 'ashington T&mel&ne' This is a continuous recruiting effort with no set timeline% however the ideal process from initial contact with the applicant to the final hiring decision would ideally e within a month(s time) .ct&*&t&es to underta-e to source well /ual&f&ed cand&dates' *se of media" such as regional newspaper advertisements" online +o postings on oth pulic wesites as well as the company wesite" !ios!s in the stores" +o services groups and staffing agencies" Staff Mem,ers 0n*ol*ed' ,- -ecruiting Manager" Assistant Store Manager" Department Manager 1udget' .etween /1000 and /000 Tanglewood Case Study 2 Page  n loo!ing to the est targets or applicants for the position of store associate" it would e ideal to recruit individuals with some prior ac!ground" !nowledge or e3perience in the customer service or retail fields) &ne of the ig complaints from our......

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...Case Study Guidelines A case study gives you the opportunity to review Modern Management concepts and apply them to a specific scenario. The analysis should be in summary form and in proper APA format. • With a minimum of 3 full pages and at least 3 academic sources, prepare a summary analysis of the assigned case study. • The first paragraph should identify and summarize the key point(s) or problem(s) presented in the case. • Then type and answer each question posed at the end of the case. • Describe specific principles from the chapter that can be applied to the case study. • Try to relate a personal experience that is pertinent to the case study issues. • You must use at least two additional resources (your text and two others for a total of three) to support your thoughts. Be sure to properly cite your references. • All papers must be submitted as a document through the Assignment Dropbox. Assignments must be prepared in .doc, .docx, or .rtf format. APA Guidelines For the purpose of written case study assignments – all papers must be in proper APA format which includes at least the following: • A properly formatted header on the upper right corner that includes your name and page number. • All papers must be double-spaced, with a Times New Roman, Courier New, or Arial size 12 font. • All paragraphs must be indented 5 spaces. • References must be properly formatted, double-spaced, with the first line of the entry left justified, and following lines of the......

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...Case Study The case study of a 6 year old boy, who brought a gun to school and shot a first grade classmate, then was later found hiding in a corner, has brought multiple psychological issues to the forefront. According to the law a child under the age of 7 is not criminally responsible. The prefrontal cortex of the brain is the area where high-order cognition, planning, goal-directed behavior, impulse control and attention are centered. This portion of the brain is not considered mature until much later in life. The Limbic system of the brain controls and regulates emotion and contains three parts: the amygdala, the hippocampus, and the hypothalamus. According to researchers, the amygdala is the portion of the limbic system that registers emotions, especially fear (LoBiondo-Wood & Haber, 2010, p. 214). According to this fact, high levels of fear and stress negatively affect other areas of the limbic system including the hypothalamus, which is responsible for activating hormones that produce responses from other brain and body parts as well. An overproduction of hormones can cause permanent damage to learning and memory. Perseveration is a tendency to stick to one-thought or action. This, along with impulsiveness is believed to occur in children with still immature prefrontal cortex as well. This is evidenced by temper tantrums, and immature emotional responses to name a few. From a cognitive developmental standpoint, according to Jean Piaget, a 6 year-old is on the...

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...for the achievement of sustained competitive advantage. Your discussion is to be based on three suitable published case studies. This means case studies published in the academic literature – for example, the series of case studies in the textbook or in equivalent textbooks. You may not use Yahoo! as one of the case studies and short articles in newspapers, magazines, website opinion pages and the like are definitely not acceptable, although such materials may be used to supplement the published case study and your analysis. All sources must be properly referenced. If in any doubt about the suitability of a case study, seek an early ruling from your tutor. This is a substantial piece of scholarly work and will require extensive engagement with both unit theory and at least three detailed case studies. Process: 1. Choose your three cases. They all need to be published cases in academic sources (e.g. textbooks, journal articles). It is obviously important that each case represents an instance of a company achieving sustained competitive advantage (check your materials to be clear about what that means). 2. Analyse and locate evidence. Begin to analyse each case in terms of the two questions – particularly question one. It is vital that you respond to both questions, but the evidence for sustained competitive advantage is more likely to be in the case material itself. It is in this part of the process that you might bring in supplemental material from company......

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...Running Head: Case Study 1 Case Study #1 Clinical Psychology: Severe Depression Princess Coles ABS 200 Introductions to Applied Behavioral Sciences Instructor Weniger 08/4/2015 Severe depression is one of the many mental illnesses that affect one out of ten Americans. Severe depression involves, extreme or constant feeling of sadness, loss of interest in activities and even relationships. Those suffering from depression might even struggle with the feeling of worthlessness and repeated thoughts of suicide. Therefore the effects are not only psychological but physical as well. According to Kessler author of Twelve-month and lifetime prevalence and lifetime morbid risk of anxiety and mood disorders in the United States International Journal Of Methods In Psychiatric Research, (3), 169. About 17% of people are likely to experience some kind of depression at some point in their lives. I have chosen this topic of interest because it is important to help those suffering from depression understand that there is help and that with treatment they can lead a more positive way of thinking. Some mental health problems are caused by dysfunctional ‘ways of thinking’-either about self or the world (e.g. in major depression) and many anxiety disorders are characterized by a bias towards processing threatening or anxiety relevant information. Cognitive behavioral therapy is generally perceived as an evidence based and cost effective form of treatment that can...

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...Case Study Complete Case History The patient in this case study reports being ‘sick with flu’ for 8 days. She has been vomiting, and cannot keep any liquids or food down. She also reports that she has been using antacids to help calm the nausea. After fainting at home, she was taken to the local hospital, severely dehydrated. Upon looking at her arterial blood gas result, it would appear that this patient would be suffering from metabolic alkalosis. This patient’s pH is greater than 7.45 (normal: 7.35-7.45) and her bicarbonate (HCO3) is greater than 26 (normal 22-26). Blood gases indicate that case study patient is suffering from hypochloremic metabolic alkalosis. Focused Assessment The case study patient reports being “sick with flu” for eight days. She reports vomiting several times a day and taking more the recommended dose of antacids. She reports that she fainted today at home and came to the hospital. The case study patient reports that this all started approximately eight days ago. The case study patient also reported taking excess amounts of antacids. Ingesting large amounts of this medication can cause metabolic alkalosis. When antacids are taken in large doses, the ions are unable to bind, and therefor the bicarbonate is reabsorbed and causes alkalosis (Lehne, 2013). Renal and Respiratory systems response Hypochloremic Metabolic alkalosis occurs when there is an acid loss due to prolonged vomiting which causes a decrease in the extracellular...

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...Case studies Name: Tutor: Course: Institution: Date: Flying to the Auto Bailout on a Private Jet Basic problems In this case study, there is wastage of resources. The CEOs of the nation's three largest automobiles uses private jets to attend the corporate public relations congress. This is wastage of resources since they are using private jets to travel when their companies are struggling to stay afloat. Ignorance is another basic problem evident in this case study. These CEOs are very ignorant. They attend the corporate public relation congress in Washington unprepared and thus appear to know nothing about their problems. The three companies, GM, Ford and Chrysler, lack the concepts of public relations. The main issues American economy is melting down. Most of the workers are losing their jobs since the companies cannot handle many workers anymore. The companies have got inadequate cash. Bankruptcy is another main issue experienced in this case study. The General Motors Company and the Chrysler can no longer pay their debts. Key decisions * According to the case study, the leaders have to come up with a new public relations strategy. * The CEOs should correct any mistakes they have made before such as using private jets to travel. * Introduce innovation in products * The auto industry of the US should promote its products. * Ensure transparency in business operations. SWOT analysis Strengths * Availability of resources for the......

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...[pic] OPERATIONS MANAGEMENT MGCR 472 CASE STUDY ASSIGNMENT Due on November 23 in class INSTRUCTIONS: 1. Make sure to write down the name, student # and section # for each student in the group on the cover page of the case study report. 2. This assignment counts for 14% of your final grade. 3. Late submissions and submissions by e-mail will not be accepted. 4. You have to work in this assignment in groups. The number of students that can be in a group is 5. Group members can be from different sections taught by other OM professors. Each group should submit only one case study report. Reports can be submitted to any instructor. 5. Good luck! CASE STUDY REPORT In the Delays at Logan Airport case, there are different proposals for reducing congestion. One of the methods proposed to tackle the impact of delays was peak-period pricing, PPP. The other one was to build a new runway. In this case study, your objective is to evaluate these alternatives using waiting line models and to provide a recommendation to FAA to solve the delay problem at Logan Airport. Make sure you demonstrate that you have thought through your recommendations and the effects on other related activities. Also demonstrate that you understand the concepts and tools from the class that apply. Prepare an action-oriented advisory report, which presents concisely your analysis and recommendations for solution of the primary management problems. In order to assist you in......

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...ASSIGNMENT GUIDANCE – NRSG258 ASSESSMENT 1: CASE STUDY Dear students here are some guidelines to assist you in writing Assessment 1: Case Study. If, after reading through these, you still have questions please post on the relevant forum. If you are still unsure then please contact your campus specific lecturer to arrange to discuss your assignment. We ask that you bring these guidelines to any meeting and highlight the areas about which you are still unsure. In this case study you do not need an introduction or conclusion for this case study of 1500 WORDS ± 10% due by midnight 8th April Turnitin. Just answer the questions. Turnitin is located in your campus specific block. Although we suggest you do your background reading in the current textbooks for basic information, the case study also requires you to find current literature/research/articles to support your discussion throughout the case study. Do NOT use Better Health Channel, WedMed, dictionaries, encyclopaedias etc. These are NOT suitable academic sources. If you use these you will not meet the criteria for this question and you will lose marks. You must follow the APA referencing format as directed by ACU in your case study and in your reference list. The Library website has examples of how to do this referencing and you can find the correct format at the end of your lectures and tutorials as well as in the free Student Study Guide. This essay should have approximately 10 relevant sources.......

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