History of Indian Railways Introduced in the country in 1853 by the British. 53 kms between Mumbai and Thane The Indian Railways (IR) has a network spread over 63‚000 route kms. and 7000 stations 12 million passengers and more than 1.2 million tonnes of freight daily 40 per cent of the freight and 2- per cent of the passenger traffic in the country. 8.5 per cent of the organised employment of the country either directly or indirectly. Transport output of both passenger and freight traffic
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decrease profit potential for the seller. On the other hand‚ a weak buyer‚ one who is at the mercy of the seller in terms of quality and price‚ makes an industry less competitive and increases profit potential for the seller. The concept of buyer power Porter created has had a lasting effect in market theory. Buyer Power – Determining Factors¶ Several factors determine Porter’s Five Forces buyer bargaining power. If buyers are concentrated compared to sellers – if there are few buyers and many sellers
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Ningbo Railway Station is located at the prime area in Haishu district ‚ its construction exerts fundamental influences on Ningbo city since it brings multitudes of positive changes to the city and the citizens‚ including improving the city’s image‚ boosting the city’s economy and offering the convenience for the passengers. The new Ningbo Station improves the city’s image which acts as the “name card" of this city‚ its magnificent appearance may become the “window” for nonlocal people to catch
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CGE25101 Globalization and Business Tutorial 12 Discussion Question: The Porter’s Diamond Michael Porter put forth a theory in 1990 to explain why some countries are leaders in the production of certain products. His work incorporates certain elements of previous international trade theories but also makes some important new discoveries. He identifies four elements present to varying degrees in every nation that form the basis of national competitiveness. Analyze the current situation of Japan
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Systems in Indian Railways Information Systems in Indian Railways INTRODUCTION Indian Railways is a Department of the Government of India‚ under the Ministry of Railways‚ and is tasked with operating the rail network in India. The Ministry is headed by a cabinet rank Railways Minister‚ while the Department is managed by the Railway Board. Indian Railways is not a private corporate body; however‚ as of recently‚ IR has adopted a corporate management style. Indian Railways has a total state
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I. Operational Effectiveness Is Not Strategy According to Porter‚ various management tools like total quality management‚ benchmarking‚ time-based competition‚ outsourcing‚ partnering‚ reengineering‚ that are used today‚ do enhance and dramatically improve the operational effectiveness of a company but fail to provide the company with sustainable profitability. Thus‚ the root cause of the problem seems to be failure of management to distinguish between operational effectiveness and strategy: Management
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limited in its scope as it looks at the problems faced by Pakistan Railways and there solutions not at the organization as a whole. The research is mainly made by collecting data from Peshawar & Nowshera railway stations and conclusions are drawn on the basis of that data. To undertake the task we went through the existing literature on Pakistan Railways and reviewed the current state of affairs through available data. Pakistan Railways have been running losses since mid-seventies. This persistent
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Introduction To perform the Industry Analysis it is better to follow Michael Porter ’s five forces model. This analysis framework was created so that it helps managers in their task to analyze competitive forces to the company. (Hill & Jones 80) This model is only one of the models that can be used for this task but it is one of the more popular models. The five forces that we will have to look at for this model are (1) the risk of new and potential competitors; (2) the bargaining power of
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invented by a man called George Stephenson. This was important to the industrial revolution. Steam locomotives were first developed in Britain and dominated railway transportation until the middle of the 20th century. One impact of the railway was the speed of travel which was greatly improved by railways. For example until the advent of the railways‚ no one had travelled faster than a horse can manage at full gallop and within a few short years of the first major line opening‚ the Liverpool & Manchester
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Indian Railways is one of the largest systems in the world. It is also one of the very few railway systems in the world generating operating surpluses. With a modest beginning in India on April 16‚ 1853‚ when the first wheels rolled on rails from Bombay to Thane‚ the Indian Railways has emerged today as the main vehicle for socio-economic development of the country. Rail transportation has a number of favourable characteristics as compared to road transportation. It is six times more energy-efficient
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