The Issue Ex:13 Island Cruise Negotiation about a cruise ship’s right to visit a tropical island Players: Director of the cruise ship Mayor of the island Points of negotiation: Number of visits per year Length of individual visits Volume of passengers allowed to disembark each day Vinola Vincent 05/29/2008 Background—The Cruise Ship The Island Queen—privately owned and operated luxury cruise ship Passenger demand for cruises down Poor economy Fear of worldwide terrorism Recurring
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Essay question 1: Discuss the relationship between processes and value chains Business processes and value chain models are both important components in a company’s overall success. These elements work together‚ as the benefits that the value chain provides contribute to the business processes by giving customers a reason to buy‚ generating revenue and keeping the company afloat. A value chain model represents the qualities that make products and companies successful from the customers’ point
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The evolving value chain of the car industry The automotive industry is one of the most progressive and forward-thinking industries. It confronts a number of trends that create new challenges while also providing opportunities for growth. One of the major trends is the demands of operating in a “connected” world. For more than 100 years the automotive industry has created competitive advantage mainly through engineering excellence. Moving forward‚ this will no longer be sufficient. Automotive manufacturers
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How might exemplary human resource practice enhance and strengthen a firm’s value chain activities? 1. Definition of Value Chain The value chain is a systematic approach to examining the development of competitive advantage. It was created by M. E. Porter in his book‚ Competitive Advantage (1980). The organization is split into ’primary activities’ and ’support activities.’ Primary Activities include: Inbound Logistics‚ Operations‚ Outbound Logistics‚ Marketing & Sales‚ and Service. Support Activities
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philosophy behind supply-chain management and the specific practices that Li & Fung has developed to reduce costs and lead times‚ allowing its customers to buy "closer to the market." Li & Fung‚ Hong Kong ’s largest export trading company‚ has been an innovator in global supply-chain management. Li & Fung has also been a pioneer in "dispersed manufacturing." It performs the higher-value-added tasks such as design and quality control in Hong Kong‚ and outsources the lower-value-added tasks to the best
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Royal Caribbean Cruises Limited made efforts to adapt to the paradigm shift of Information Technology and its function within the ever-growing cruise line industry Jesse Brothers Abstract Royal Caribbean Cruises Limited (RCCL) was founded in 1969. They currently operate under the brands of Royal Caribbean International‚ Celebrity Cruises and Pullmantor. Predominantly known as the second largest cruise ship company behind Carnival Cruises‚ RCCL still
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| Products | | Existing | New | Markets | Existing | Market Penetration | Product Development | | | *Development of more apps (22)(23)*Geographically net sale increased 2010 in (America ‚Europe‚Japan ‚Asia specific) –(iPhone) – (Financial Table 3.4 & 3.5) (21)*Net Sales - increased by Product in 2010 – (Financial Table 3.4 & 3.5) (21) | *Apple pricing decoy(27)*Apple & Microsoft joint force(28)*Apple pushed iPhone for business(29) | | New | Market Development | Diversification
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Michael Porter’s Value Chain History of Value Chain • Popularized by Michael Porter’s book best seller “Competitive • • Advantage” 1985 Creator of “5 Forces model” Helped Gereffi in the late 1990s develop Global Value Chain. Michael Porter’s Background • Born May 23‚ 1947 in Ann Arbor‚ Michigan • Received MBA in 1971 Harvard Business School • Competition and company strategy • 6 time winner of the McKinsey Award Value • The Value is the extent to which a good or service is perceived by
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I would like to use the Value Chain Analysis to study the importance of the Human Resources function in the study of a firm’s value chain. However‚ the latest trend has been the outsourcing of HR especially the transactional roles in HR as they are seen as non-value adding and a non-differentiator in the value chain. Some of the areas of HR that are in the process of being outsourced are Recruitment‚ Payroll processing‚ Training‚ Benefits Management‚ etc. These areas are seen as transactional
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Value Chain and Competitive Forces: Effects of Information Technology Module 2 Case John Dow ITM524: Fundamentals of Information Technology Management Dr. Somebody Somebody February 4‚ 2012 Introduction Businesses are established with the sole reason to provide a product or service to a customer with the intend to make a profit. The amount of time‚ effort‚ and resources spend should generate a profit. Then‚ the profit depends
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