Not only are these, but also the behavior with water, whether hydrophilic or hydrophobic, crucial for the final application. Germany possesses comparative advantage in producing AEROSIL® fumed silica.

Comparative advantage is when a country can produce one thing more efficiently than it can produce another thing.

So, Evonik enjoys. Attractiveness in this context refers to the overall industry profitability. Evonik is an active partner of the most important transaction platforms in the chemical industry.

In order to find the AEROSIL® grade with the right characteristics for the application, they have grouped the various AEROSIL® types by Raw Material & Method of Production. This made a dramatic change in the design and production of their cars as German technology was used to develop Skoda products. AEROSIL® R 805, R 812 and R 202 launched, Launch of the first structure-modified hydrophobic product AEROSIL® R 8200. In 1942 an idea became reality. The existence of close substitute products increases the propensity of customers to switch to alternatives in response to price increases.

9. Seminar tutor: The smallest particles of some AEROSIL® grades measure no more than seven nanometers – a human hair is 3,000 times thicker. In fact, they are now more than ever interconnected through trade in goods and services, through cash flows and investments. Free resources to assist you with your university studies!

German chemical industry itself is in their different manufacturing units around the world. Shipyard_at_dawn_by_le_feu.jpg. The idea is straightforward enough: if Germany is better at making beer than it is at making pizzas it has a comparative advantage in brewing. This is because a well trained workforce is the precondition for the operation of highly specialized high-tech facilities, production of innovative chemical products, and high productivity. So much better that they could actually make quality beer more efficiently than the Germans?! This is why, in 1941, they began to develop a white filling material for the tire industry as a substitute for industrial carbon black, which, up to then, could only be produced from oil. It is a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations. Student name: However in 1991, it was brought by the well-known car manufacture, Volkswagen. They have over sixty years experience in this specialty field and are continually optimizing their product line and technical services with great flexibility according to the needs of their customers. Degussa were also enthusiastic about the idea of one day finding a substitute for oil. The intensity of competitive rivalry- For most industries, this is the major determinant of the competitiveness of the industry. They are not only known for their extensive product line with it´s wide variety of grades, but are also market leaders with their highly specialized quality and environmentally-conscious technologies. VAT Registration No: 842417633. But the main problem from Germany’s point of view is that the cost of labor and raw materials are very high. I. Evonik’s close contacts with the industries that use their products, as well as to their suppliers, allow them to develop new innovative products for existing applications, as well as new applications for established products. ELEMICA is the platform for the raw material providers to the chemical industry and CC-Chemplorer, the purchasing platform for engineering goods and consumption material. They are expanding their demand for chemical in the whole world. In this situation, it’s not hard to see why the Germans and Italians might want to get together to swap beer for pizza. But not everyone is convinced the theory translates so well into real life (as the difficulties of shipping pizzas across Europe might indicate). These are: industry structure and positioning within industry. Year. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs. Porter argues that a sophisticated domestic market is an important element to producing competitiveness. The social analysis is used as a generic ‘orientation’ tool, finding out where an organization or product is in the context of what is happening outside that will at some point effect what is happening inside an organization. Degussa invented the fumed silica as a replacement for carbon-black, which was manufactured from oil, to counteract the shortage of resources.

And that is the reason why German industries mainly shifted their manufacturing plants to the countries where labor is cheaper. As Evonik has created competitive advantages in producing AEROSIL® fumed silica, it has quite a few factors to sustain competitive advantage. If they both stick to making only what they’re better at, there should be more beer and more pizza to go around. Evonik should not necessarily pursue the more lucrative opportunities; rather it may have a better chance of developing competitive advantages by identify a fit between strengths and upcoming opportunities. The home economy situation is very vital to the growth of the industry. But there are some barriers to enter this industry and those are given below : In 1942, Degussa invented the fumed silica as a replacement for carbon-black, that was manufactured from oil, to counteract the shortage of resources. How and why did they successful lobby for protectionist tariffs? They saw the scope for more demands in the other markets of the world. Well trained employees also mean fewer accidents with minimal downtimes as one result. AEROSIL® fumed silica is found, for example, in buildings with earthquake-proof foundations, in silicon sealants for bath tubs, in yacht production, as insulation material for Ceran® stove tops, or in paints that without AEROSIL® products would be difficult to use. Such analysis of the strategic environment is refered to as a SWOT analysis. Infrastructure- With its central position in Europe, Germany is an important transportation hub. Germany has the ability to produce the AEROSIL® fumed silica at a lower opportunity cost. The technology analysis is often used as a generic ‘orientation’ tool, finding out where an organization or product is in the context of what is happening outside that will at some point effect what is happening inside an organization. Do you have a 2:1 degree or higher? Since this theory came on the scene in the early 1800s, it has been one of the most popular and important arguments for free trade. In fact, there is general agreement, Since gaining liberalization, India has been active in international trade, and is today one of the major trading nations in the world. Domestic competition negates basic factor advantages and forces firms to develop higher order (more sophisticated) and ultimately more sustainable advantages. DR. AYING LIU The main raw material for fumed silica Most of the country’s products are in engineering, especially in automobiles, machinery, metals, and chemical goods. https://www.minneapolisfed.org/publications/the-region/comparative-advantage-powerful-but-not-obvious, http://www.econlib.org/library/Topics/Details/comparativeadvantage.html, https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact3_e.htm, https://www.youtube.com/watch?v=NI9TLDIPVcs, https://www.youtube.com/watch?v=4rUfoU04QJM, https://www.youtube.com/watch?v=FpTBjRf8lGs. Describe important developments in communications and transportation during, International trade is an old subject, but it continues to increase its relevance thanks to the intensification of links between countries. The shortage of raw materials and resources on our planet has been a hotly debated topic for several decades. for covering crown cork, structure adhesives for the production of rotor blades in wind power plants, the disability of active substances in tablets, Pharmaceuticals, Plastics ,Silicones , Toners. But Italy is still relatively better at making pizza than it is at making beer—it’s slightly better than Germany at brewing, but way better than Germany at making pizza. Second, we will make a brief comparison between EU’s industry and the American’s industry, to show EU’s success on the intra trade among its members. Porter’s 5 forces analysis is an analysis skeleton for industry analysis and business strategy development which was founded by by Michael E. Porter of Harvard Business School in 1979 . In 1976, the same step was taken westwards when the production of AEROSIL® began at the new Degussa plant in Mobile, Alabama/USA. Competitors are here to stay. What was the Zollverein? Our academic experts are ready and waiting to assist with any writing project you may have. This site uses JavaScript. So AEROSIL® has the competitive advantages as the inventor of fumed silica.

Technological factors can lower barriers to entry, reduce minimum efficient production levels, and influence outsourcing decisions German Chemical industry is doing well because their country has resources of high technology. Please donate so we can keep going. Just twelve months on, having created high-temperature flame hydrolysis, they succeeded in producing the first ultrafine-particle pyrogenic silica. Not every country is the best at producing something. The purpose of the paper is to make an outline and have an insight of the intra trade among the EU’s members. Many chemical parks help companies located there to recruit qualified employees. Only AEROSIL® products are offered from eight production sites distributed around the globe, supported by applied technology, research, commercial and technical service offices on three continents. Who were the Junkers? Table of Contents Both nations can obtain the other product more cheaply by buying it from its neighbor. A scan of the internal and external environment is an important part of the strtegic planning process. Company Registration No: 4964706. Therefore, many theories, which highlight the gains from trade, were created and then developed and some of them are useful to explain the current international, Hence, Ricardo tried to solve the issue by focusing on comparative advantage. 3 Literature Review:- 4 One guarantee is the global quality management system for AEROSIL® products, which monitors and supports production.

The opportunity for Evonik’s AEROSIL® fumed silica includes: Arrival of new technology from the continuous research. A country has an absolute advantage if it can produce something more efficiently than another country. The chemical parks often have training centers on-site to ensure that employees’ theoretical and practical knowledge is kept up to date.

Specialized factors of production are skilled labor, capital and infrastructure. As a replacement of carbon black, fumed silica has been used by the industries.

Please check the Data Availability for coverage. Even though economics involves many concepts, supply and demand, as well as trade, are among the most important forces in an economy because of their effect on prices, consumer behavior and economic growth.

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