MOS Essay 3. Discuss how different perspectives and approaches to managing knowledge may lead to an organisation’s competitive advantage‚ supporting your views with pertinent literature and examples. Knowledge management (KM) is a relatively new concept that emerged 15 or 20 years ago and which presents knowledge as a process‚ rather as something that people have. Blacker (1995) himself talks of “knowing as a process”‚ thus something far more complex and ambiguous than the classical and
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most preeminent way of seeking a sustainable competitive advantage. The two approaches formed by the debate ― the positioning approach and the resource-based approach: have become apparent strategies of attaining and sustaining a competitive advantage (Barney‚ 1991; Porter‚ 1996). Regardless of the approach‚ attaining both customer- value and product differentiation are the two determinants of a successful business strategy (Barney‚ 1991; Porter‚ 1996; Woodcruff‚ 1997). The positioning approach‚ often
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CHAPTER 1. What is strategy and why is it important. Strategic management: analysis‚ formulation and implementation in the search for competitive advantage. What strategy is : Gaining & Sustaining Competitive Advantage. There has always been a desire to outperform our competitors. In most of the situations‚ the winners are generally those with the better strategy in which strategy is formulated as the planned and realized set of actions a firm takes to achieve its goals. A firm that
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Assessing Yourself on the Big Five Ten-Item Personality Inventory (TIPI) Here are a number of personality traits that may or may not apply to you. Please write a number next to each statement to indicate the extent to which you agree or disagree with that statement. You should rate the extent to which the pair of traits applies to you‚ even if one characteristic applies more strongly than the other. 1 = Disagree strongly 2 = Disagree moderately 3 = Disagree a little 4 = Neither agree nor disagree
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The Trait Approach was the 1st systematic attempt to study leadership. In the 20th century it was known as the “great man” theory. This approach takes a look at the leaders personal attributes such as but not limited to: motivation‚ energy‚ intuition‚ creativity‚ persuasiveness and foresight. Some of the traits that are essential to this list include: intelligence‚ self-confidence‚ determination‚ integrity and sociability. Thus it focuses mainly on the leader and not on the followers or situations
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Healing hospital paradigm represent the whole health care system which mainly focus on the whole recovery of the body mentally physically and spiritualy.The traditional style of cure model is only to eradicate the disease. But in the case of healing health it mainly focus on the total wellness of the entire body by addressing the patients emotional and spiritual needs.There are three major important elements in the hospital paradigm.They are loving care healthy healing surroundings and the technology
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in the past. What is/was their strategy? Is/Was it a sound strategy? Do/Did they have a competitive advantage? Do/Did they have a sustainable competitive advantage? Is/Was the organization adhering to their strategy or deviating from it? Where are/were they strong? Where are/were they weak? If you were President of the organization‚ what recommendations would you make to ensure success with this strategy? NOTE: I have often heard people say‚ we need a new strategy. It is IMPERATIVE to understand
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Pricing Strategies Ryan W. MKT 441 February 23‚ 2006 5 Pricing Strategies In this paper‚ I will cover five different pricing strategies used‚ by retailers and manufacturers‚ to sell their products. I will demonstrate how pricing products according to one of the five pricing strategies chosen works effectively for each company. Loss Leader Look in any newspaper circular‚ it is chocked full of advertisements from untold numbers of retailers who are trying to push "loss leaders" onto consumers
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BUSINESS POLICY AND STRATEGY MANAGEMENT Kingfisher Airline Crisis & Strategy for Sustenance Table of Contents ABSTRACT 2 AIRLINE INDUSTRY IN INDIA 3 KINGFISHER AIRLINES 4 STRATEGIC ISSUES WITH KFA 6 WHAT WENT AGAINST KINGFISHER AIRLINES? 8 AVIATION INDUSTRY ANALYSIS 10 Five forces in Aviation Industry in India 10 KINGFISHER AIRLINES’ ANALYSIS 11 SWOT Analysis 11 Financial Analysis 12 Kingfisher’s Acquisition of Deccan: Game Theory 14 COMPETITOR ANALYSIS 16 Competitive
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1.0 Introduction 2.0 Liberalization and the context of business strategy 2.1 What is liberalization? Liberalization refers to the relaxing of rules and regulations or policies of a government in a country. According to the scenario‚ in 1991‚ the Indian economy has been opened as a result of liberalization. 2.1.1 How did it affect the Indian automobile industry? The Indian government continued to have a closed economy until 1991. By then
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