Introduction & Definition Competitive advantage exists when a particular company consistently outperforms other companies in the same industry. A company is considered to be outperforming others if profits are higher than the competition’s profits. The competitive advantage is thought to be stronger when it lasts for a longer period of time. Those companies who are able to maintain a competitive advantage for many years are thought to have a sustainable competitive advantage. Understanding the Concept Sustainable
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Case study 1: Resource based view of competitive Advantage 1. How specific would the identification of strategic capabilities need to be to permit them to be managed to achieve competitive advantage? Business strategy is all about competitive advantage. Businesses need strategies in order to ensure that resources are allocated in the most effective way.A firm is said to have a competitive advantage when it is implementing a value creating strategy not simultaneously being implemented
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Final Exam Multiple Choice Review Questions (15%) CHAPTER 9 1. Facilities that rent shared space‚ services and management only to new businesses are called a. industrial parks. b. community development centers. c. shopping centers. d. business incubators. REF: p. 268 4. A good reason for relocating a typical manufacturing business is to a. stabilize income taxes. b. increase customer traffic. c. be closer to raw materials. d. provide free-flow space. REF: p. 267 6. For small service
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many ways and has many different viewpoints. This article aims to explain and critically evaluate the approaches of Jay Barney and Michael E. Porter‚ two leading strategy theorists‚ in-turn explaining the basis leading to the difference. What is Strategy & Competitive Advantage? Strategy is the creation of unique and valuable position involving a different set of activities.1 A firm is said to have competitive advantage when it is implementing a strategy which is not is being implemented
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Andy Betancourt Period 0 IB Economics Mr. Moody Student Workpoint 1.3 & 1.4 1.3 The HDI represents a push for a broader definition of well being and provides a composite measure of three basic dimensions of human development: health‚ education and income. Between 1980 and 2012 China’s HDI rose by 2.0% annually from 0.407 to 0.699 today‚ which gives the country a rank of 101 out of 187 countries with comparable data. The HDI of East Asia and the Pacific as a region increased from
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ABSTRACT Information systems and organizations influence one another. Information systems are built by managers to serve the interests of the business firm. At the same time‚ the organization must be aware of and open to the influences of information systems to benefit from new technologies. The collaboration between information technology and organizations is multifaceted and is predisposed by many arbitrating factors‚ including the organization’s structure‚ business processes‚ politics‚ culture
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middle ages in which everyone had a role that contributed to the community. (MIP-1)Feudalism is a political and military system that contributed to the middle ages because everyone had an important role within the community. Feudalism is a military based system in which everyone is benefited. (STEWE-1)Vassals‚
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century since 1912‚ based on report shown‚ BAT has a market capitalization of £65.6 billion‚ one of the six largest companies listed on London Stock Exchange. Sustainable business practice is a main focus in BAT‚ according to its Chief Executive‚ Nicandro Durante‚ and to maintain its leadership in the global tobacco industry‚ the company emphasizes on quantity as well as quality of the business. To achieve a higher growth in the business‚ the company tends to focus on the their Global Drive Brands through
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Expert Systems Advantages of Expert System: 1. Can be used by the user more frequently. 2. Can work round the clock. 3. Never "forgets" to ask a question‚ as a human might. 4. Encourages organizations to clarify the logic of their decision-making. 5. Holds and maintains significant levels of information. 6. Provides consistent answers for repetitive decisions‚ processes and tasks. Disadvantages of Expert System: 1. Lacks common sense needed in some decision making. 2
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pg. 3 DEFINITIONS………………………. Pg. 4 EXTERNAL ANALYSIS pg. 5 STEPP Analysis CONCEPTS a. Socio-Cultural/demographic issues affecting business. b. Technological Factors c. Economic factors d. Political and legal factors e. Physical/Environmental Factors IDENTIFICATION OF INDUSTRIES OPPORTUNITIES AND THREAT pg. 7 a) A Model For Industry Analysis- Porter’s Five Forces b) Rivalry
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