set: 29 March 2018 due: 6 April 2018
As we have no class this week, due to undergraduate mid term exams, I am providing you some analysis work, to help you better understand chapter 6 The Internal Audit.
From the items below, select 2 questions to work on. You will need to submit your work.
Copy and paste your answer to the comments section below. Remember to add your name, student number and department.
1. Resource Based View
For a resource to be valuable, it must be either (1) rare, (2) hard to imitate, or (3) not easily substitutable.
In your opinion, what, in North Cyprus, product or service, is “valuable”?
2. SCENARIO 1
Gloria Jeans, on Dereboyu, is a very popular coffee shop. Some time in the recent past they extended the shop on the East side of the building, providing much more room for customers inside, and some outdoor seating. What would a cost/benefit have looked like for them, before deciding to do this extension?
3. SCENARIO 2
Caffe Pascucci Cyprus
Why, do you think, did they move from the Avenue Cinema building to further up Mehmet Akif Caddesi (Dereboyu) ?
What might their cost/benefit analysis looked like prior to this move?
4. SCENARIO 3
GUNSEL, which may be the first car to produced in the TRNC
Create a cost/benefit analysis for bringing this car into production. In your opinion, is automobile manufacture possible in the TRNC, based on the results of your cost/benefit analysis?
5. SCENARIO 4
A group of investors has contacted you with an aim of creating an “eco-friendly” hotel, West of Kyrenia (Girne). Create a cost/benefit scenario for the investors.
6. HISTORICAL QUESTION
What was the main resource of Cyprus?
Since ancient times, to the middle ages and beyond, what have been some of the major resources and production on the island?
Which products today are manufactured in the same way as they were in the middle ages?
Do these products have a competitive advantage in today’s market?