Advantages of hydro power ADVANTAGES: * Once a dam is constructed‚ electricity can be produced at a constant rate. * If electricity is not needed‚ the sluice gates can be shut‚ stopping electricity generation. The water can be saved for use another time when electricity demand is high. * Dams are designed to last many decades and so can contribute to the generation of electricity for many years / decades. * The lake that forms behind the dam can be used for water sports
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Competitive Advantage ”A company can outperform its rivals only if it establishes a difference that it can reserve”. - Michael Porter The unique skills and assets a company has to outperform its rivals are the sources of competitive advantage. The competitive advantage results from implementing a value creating strategy that is not implemented simultaneously by its competitors. The strategy attains sustainability if the competitors are unable to erode the strategic advantage the company has
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THEORY OF ABSOLUTE ADVANTAGE “If a foreign country can supply us with a commodity cheaper than we ourselves can make it‚ [we had] better buy it of them with some part of our own industry‚ employed in a way in which we have some advantage.” -Adam Smith (WN‚ IV.ii.12) This means that a nation produces and exports those commodities which it can produce more cheaply than other nations‚ and imports those which it cannot. A nation will not produce a good that is produced more expensively at
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Discuss the advantages and disadvantages of advertisements. Advertising is a communication whose purpose is to inform potential customers about various products and services and how to obtain and use them. Advertising is a multi-billion dollar business and its messages are conveyed to the farthest places on Earth. It uses every major medium to deliver these messages including television‚ movies‚ newspapers‚ radio‚ magazines‚ video games‚ the internet and billboards. Most advertisements are often
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There are many advantages of it such as‚ it saves time‚ that means you can buy all the things that you want only by click on mouse and then you can do your important work in a short time. Moreover‚ save fuel‚ in traditional shopping sometimes you will have to go for shopping
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Sustainable Competitive Advantage Competitive advantage is gained when a firm acquires attributes that allow it to perform at a higher level than others in the same industry. 1. fig. 1 Starbucks Coffee Starbucks Coffee shops are almost always strategically placed to ensure a competitive advantage. WANT HELP STUDYING SUSTAINABLE COMPETITIVE ADVANTAGE? Get the Flashcards Take a Marketing Quiz * Firms can obtain a competitive advantage by implementing value-creating strategies‚ not simultaneously
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2 2. Advantages of Strategic Planning 2.1. Financial Advantage 2 3. Disadvantage of Strategic Planning 3.1 Distortions and Deceptions 3 4. Friedman view of business social responsibility 3 5. Having a look at Sasol’s Social contribution 5 6. References 6 1. Introduction There are a number of advantages and disadvantages of strategic management. To me the advantage that stood out was the financial advantage organisation
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What are the company’s competitive advantages? Zara is ‘fast fashion’. In order to proof this statement we are taking a look at different components where we can see their competitive advantages. Design The designers go to fashion shows‚ they develop sketches and while they select fabrics‚ the price of each product is already determined. The collection has to arrive in the stores at the start of the selling season. In order to keep up with the trends they not only look at the sales data but they
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condition(s). The NMS permits the interventions to be done either as a face-to-face appointment or via telephone. Careful consideration must be given as to which of these communication methods is adopted by the pharmacy as each method brings its own advantages and disadvantages. Although face-to-face communication would be the preferred method of conducting an intervention‚ it is likely that telephone interventions will be used by most pharmacies at some stage. This brief guide will help you and
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Standardized testing has been around for a long time and recently‚ these tests have been on the rise. There are many advantages that standardized testing has to offer which can be very beneficial for schools. One of the main reasons why standardized testing has become so popular is because these tests provide a fair chance to all individuals. These tests feature “multiple-choice or open-ended questions; some tests combine both‚” and all of the tests are designed with consistent questions coming from
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