• Searching for Innovation in Automobile Industry: Study Case

    Searching for Innovation in Automobile Industry: Study Case

    Introduction Our company, AAB Motors Co., is a South Korean manufacturer and distributor of automobile and trucks motors and parts, based in Seoul. The company, which also conducts business in financial sector, employs 68,383 people worldwide. Currently, AAB has a


  • Economy of Scale, Scope and Learning Curve

    Economy of Scale, Scope and Learning Curve

    Conceptual Review Before trying to apply managerial economics´ concepts into reality, we must recall the basic concepts involved in our discussion. The first concept that we are going to approach is Economy of Scale. In accordance with Besanko et al.


  • The finance concept of the firm

    The finance concept of the firm

    Introduction Globalization and technological development have been under intense scrutiny of academics, practitioners and the media. The impact of one of their outcomes, however, deserves further debate, in face of its ubiquitous presence on everyday life, but, mainly, because it