reserved. Departmentby © 2006 by The McGraw-Hill Companies‚ All rights reserved. Copyright ©Copyright The McGraw-Hill Companies‚ Inc.Inc. All Spring 2007 2006 of Economics Overview I. Methods of Procuring Inputs Spot Exchange Contracts Vertical Integration II. Transaction Costs Specialized Investments III. Optimal Procurement Input IV. Principal-Agent Problem Owners-Managers Managers-Workers Michael R. Baye‚ Managerial Economics and Business Strategy‚ 5e. Hakan TASCI Elon University
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|Procuring in a vertical integration International Project : The case of Esquel Group in Xinjiang‚ China | |Procurement & Contract Management Team Project | | | |
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volume of a product. Horizontal mergers aim at achieving economies of scale. This phenomenon continues while the firm grows to its optimal size‚ after which a firm experiences diseconomies of scale. • Economies of Vertical Integration: Economies of vertical integration are achieved in vertical mergers. It makes coordination of closely related operating activities easier. • Entry to New Markets and Industries: A firm that wants to enter a new market but lacks the know-how can do so through the purchase
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oriented -low volume‚ but high variety f..e hospital emergency ‚men suits industry‚ car assembly line suppliers are often called "Tier 1 supplier" "Tier two" and tier 1 suppliers are closer to customers than tier 3‚4 vertical integration‚ horizontal integration‚ backward/forward integration ------------------------------------------------------------------------- 22.05.13 TASK: Tor F A contractors project being analyzed […] 85 days‚ variances 144‚ critical path 81‚ 89days‚ -/670 Calculations:
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Corporate Level Strategies Kinds of Grand Strategies: * Stability Strategies * Growth Strategies * Retrenchment Strategies * Combination Strategies Stability Strategies The basic approach is ‘maintain present course: steady as it goes.’ In an effective stability strategy‚ companies will concentrate their resources where the company presently has or can rapidly develop a meaningful competitive advantage in the narrowest possible product-market scope consistent with the firm’s
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and loyalty 6. Establishing the commercial spots in foreign countries Alternatives: 1. Market entry strategies such as Franchising‚ Alliances‚ Joint ventures‚ Wholly owned subsidiaries 2. Substantive growth strategies: Horizontal and vertical integration strategies 3. Limited growth strategies: Do nothing‚ Market penetration strategies 4. Retrenchment strategies: Retrenchment‚ Turnaround strategies Consequences of Alternatives: When analyzing the case study it is clear that Jollibee
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BIAGIO VULTAGGIO Mergers and Joint Ventures So off the top of your head‚ can you tell me what the differences between horizontal‚ vertical and conglomerate mergers? Do you also know how those three differ from a joint venture? I know that from personal experience I wouldn’t be able to off the top of my head. Let’s find out the differences between Horizontal Merger‚ Vertical Merger‚ and Conglomerate Merger. Then let’s see how the three differ from a Joint Venture. A horizontal merger is a merger occurring
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MERGER & ACQUISITION IN INDIA MERGER & ACQUISITION IN INDIA Page 1 1. 2.
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Content I. Vertical Integration II. Horizontal integration III. Economies of scale IV. Economies of scope V. Economic efficiency VI. Proprietary(property or ownership) Know-how VII. Monopoly VIII. Oligopoly IX. perfect competition (pure competition) business definition X. workable competition business definition XI. Cost leadership XII. Differentiation (economics) XIII. Barriers to exit XIV. Inventory flow XV. Incoterms XVI. Multinational Corporation
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international scope‚ and vertical scope are part of corporate level strategy decisions. @Pages and References: Pages 308-310 *a. T b. F 3. "How profitable do we want to be?" is the starting-point of corporate strategy. @Pages and References: Pages 313-315 a. T *b. F 4. The most sensible corporate strategy is to expand the scope of activities the company is involved in over time. @Pages and References: Pages 313-315 a. T *b. F 5. Fifty years ago‚ vertical integration was a fashionable strategy
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