BOO YAH!!!
Day 3 in Thailand, It just gets better and better.
Erm...what did I do today...
In the morning, we left immediately after breakfast. We met our tour guide, Anna. She was friendly, like any other Thai person. Thai people are exceptionally friendly, they make you feel really at home in their country...AWESOME!!! Looks like they got the funk!
WELCOME TO FUNKLAND!!!!
First we went to the floating market. It was a market which was on those wooden houses which were by the river.
We went to the Royal woodwork center. Got a good look at some very fine and intrinsic woodwork. Then we left bangkok, and headed for our next destination.
We stop by a restaurant there was on a platform and had awesome food. From here we took a boat, and visited some World War 2 memorial sites. I'm not too crazy about it though. Then we went to a elephant farm(not that they grow elephants to eat), its kind of like a nature park to protect and take care of these elephants. I got a chance to ride an elephant. Maybe I'll post it up in a few days time.
I notice quite a few japanese restaurants in Bangkok, but I've yet to try them. The food is so cheap and so good!!! Sugoi!!!
OKOK, need to rush my mother hurrying me...argh!!!
Hope you are doing great in Thailand, must be really fun. I just came back from HK. Anyway regarding your comment, I think that it may be quite difficult to determine what the companies other competitors may do, even tho the firm may have considered different possibilities. As an analyst we can value the firm's strategies by understanding what our firm's strategy is relative to its competitors (key success factors), we can then use and compare ratios and the such to determine whether they have successfully achieved its desired strategy. You have to know what differentiates your firm from the other competitors and identify possible events that would cause this competitve edge to diminish. Finally, we know that it is impossible for a firm to be a pure monopoly in the long run, therefore other factors related to its strategy such as management effectiveness, creditor policies (is their credit terms good? Reputation plays a major role in credit policy), pay structure (are they being paid too much, to not care about shareholder value?). Government created monopoly may sometimes not be as effective as those created my talented entrepreneurs, therefore you should be aware that changes in regulations may cause those with weak management to lose its "shine", and paying a high price for a monopoly like that will cause large dissapointments when regulations do change.
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