MM4311 Strategic Management Individual Assignment Porter’s 5-Forces Model in Hong Kong theme park industry Name: Lau Hiu Ying Instructor: Yi TANG 1. Introduction Theme Park is an entertainment venue that includes rides‚ restaurants‚ activities‚ and attractions‚ woven around a theme such as celebrity or characters. Therefore‚ Hong Kong has a pair of theme parks which are Hong Kong Disneyland (an international famous theme park) and Ocean Park (a recreational‚ educational‚ home-growth
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5 Forces Model -Examines competitive forces that influence the profitability potential in an industry -Each force can reduce the probability that a firm can earn profits while competing in an industry Potential Entrant - can take market share away - force to learn new ways to compete - Barrier - Economies of scale – cost disadvantage - Capital – lack the resources (physical & human) to compete‚ competitive disadvantage - Switching costs – college‚ machine - Differentiation
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STRATEGIC MANAGEMENT – ASSIGNMENT 03 Apply Michael Porter’s model to any industry of your choice - Retail‚ Telecom‚ Infrastructure‚ FMCG‚ Insurance‚ Banking etc… Confectionery is related to the food items that are rich in sugar and often referred to as a confection. Confectionery refers to the art of creating sugar based dessert forms‚ or subtleties (subtlety or sotelty)‚ often with pastillage. From the Old French confection‚ origin of Latin confectio(n-)‚ from conficere‚ to "put together"
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BIG 5 MODEL Openness - People who like to learn new things and enjoy new experiences usually score high in openness. Openness includes traits like being insightful and imaginative and having a wide variety of interests. Conscientiousness - People that have a high degree of conscientiousness are reliable and prompt. Traits include being organized‚ methodic‚ and thorough. Extraversion - Extraverts get their energy from interacting with others‚ while introverts get their energy from within themselves
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The 5-Stage Model of Bystander Intervention is a 5-step model in which a person takes to decide if they will help a person or not. Each step has an obstacle‚ if the person is unable to “pass” the obstacle‚ they then decide not to help‚ however‚ if they pass each step on the fifth step they help the person. For the situation of the students playing soccer‚ the first step is what is preventing other students from intervening the type of aggression. The first step of the Model is noticing if
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TCP/IP Protocol Suite (Internet Model) Comparison of Network Models 1. OSI Model (Open System Interconnect) 2. Internet Model (TCP/IP Model) TCP/IP Model Application 5. Application Layer Presentation ISO Model Session 4. Transport Layer 3. Network Layer Transport Network 2. Host-to-Network Data Link 1. Physical Layer Physical 1 Comparison of Network Models TCP/IP is ussed in the Internet. Common mechanism that is gaining on/surpassing the OSI Model. Data Flow in TCP/IP Network Some
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Contrast Between Social Model and Medical Model. In my research I have come across many contrasts between the Social and Medical Models and here is just some of what I have found out. Under the Medical Model in New Zealand we have a very direct view with those that are classified as intellectually disabled‚ for example a child that is diagnosed with ADHD is automatically going to be hard for Parents and Society as a whole to deal with as according to Medical Model these children have authority
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SPIRAL MODEL The spiral model combines the idea of iterative development (prototyping) with the systematic‚ controlled aspects of the waterfall model. It allows for incremental releases of the product‚ or incremental refinement through each time around the spiral. The spiral model also explicitly includes risk management within software development. Identifying major risks‚ both technical and managerial‚ and determining how to lessen the risk helps keep the software development process under control
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WHAT IS AN ADJOINT MODEL? The article begins by going into the history of the use of adjoints in meteorology. Adjoints are considered by many meteorologists to be powerful modeling tools. Sensitivities are a concern of many research meteorologists‚ and questions surrounding them require estimations of how synoptic features will change (in the modeling) if perturbations are made. In sensitivity analysis‚ many methods are at work‚ but the basic one (as stated above) is that people look back
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WHAT A MATHEMATICAL MODEL IS NOT Mathematics may be defined as construction game leading to a big set of self-coherent intellectual entities : they do not have any existance outside of our head (no herd of "Twos" in the woods). This pure intellectual construction is mainly made by strange humans (called mathematicians) with no care of applications (except some exceptions). From this intellectual construction‚ other people (unbelievable but true) pick some maths entities and a priori decide to match
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