In 2005‚ Value Trust‚ an $11.2 billion mutual fund managed by Bill Miller‚ had outperformed its benchmark index‚ the S&P 500‚ for a consecutive 14 years. This record marked the longest streak of success for any manager in the mutual fund industry‚ doubling the previous record. While Miller had been beaten in individual years‚ no manager has been as consistent. This has provoked many different questions in academia because it defies current conventional theories such as the Efficient Market Hypothesis
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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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Case Study: Supply Chain Revolution from Crocs Crocs’ supply chain revolution was the key to its success in the footwear industry. To discuss about it‚ let’s start with a review of the traditional model adopted by most of the companies in footwear industry. In the traditional practice‚ footwear companies showing around the world their upcoming products for the fall season in January‚ and buyers would place their orders during the shows. Orders placed would then be manufactured during the next
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Pro-forma A Background Information As an overview Hewlett-Packard (HP) is a technology company that operates worldwide‚ the main image they portrait of themselves is that they explore how technology and services can help people and companies address their problems and challengers‚ and realise their possibilities‚ aspirations and dreams. HP have stated on their website that (1) they apply new thinking and ideas to create more simple‚ valuable and trusted experiences with technology‚ continuously
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J Ind Compet Trade (2011) 11:263–278 DOI 10.1007/s10842-011-0107-4 Who Captures Value in Global Supply Chains? Case Nokia N95 Smartphone Jyrki Ali-Yrkkö & Petri Rouvinen & Timo Seppälä & Pekka Ylä-Anttila Received: 5 September 2010 / Revised: 13 January 2011 Accepted: 29 April 2011 / Published online: 31 May 2011 # The Author(s) 2011. This article is published with open access at Springerlink.com Abstract Available statistics reveal little about the economic consequences of the increasing
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Distinctive Competencies The VRIO analysis is helpful in determining if a resource or capability leads to competitive advantage (Middleton‚ 2004). Resources/Capabilities Valuable? Rare? Costly to Imitate? Exploited by Organization Competitive Implications Strength or Weakness Key Account Management Initiative Yes Yes Yes Yes Sustained Competitive Advantage Strength and Sustainable Distinctive Competence Recruitment Process Yes Yes No No Temporary Competitive Advantage Strength and Distinctive
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available products‚ irrespective of its disposition within the supply chain‚ to fast and free shipping‚ L.L.Bean is a standout amongst its peers (“#3 Google”‚ 2015). L.L.Bean’s recognition is no coincidence‚ as the company has worked tirelessly to build upon their purpose as defined by Lean Leonwood Bean a century before. Reputable software vendors fill the supply chain management software market‚ ready to sell COTS supply chain management solutions to retailers and manufacturers. Despite the availability
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(2003) 1–23 Value chain analysis in interfirm relationships: a field study Henri C. Dekker∗ Amsterdam Research Center in Accounting (ARCA)‚ Vrije Universiteit Amsterdam‚ De Boelelaan 1105‚ 1081 HV Amsterdam‚ The Netherlands Received 20 October 2001; accepted 4 December 2002 Abstract Interfirm relationships introduce new challenges for management accounting. One such challenge is the provision of information for the coordination and optimization of activities across firms in a value chain. According
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1. What are the key differentiators that made Dell’s supply chain strategy so effective for nearly two decades. Dell operates by an on-line business model equipped with mass customized manufacturing which provides instant web communication protocol with customers at anytime and anywhere. Customers able to compose their own configuration from order list and free from bounding with fixed configuration. All packages are made upon request with no finished goods available‚ there is no depreciation
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ILLUSTRATIVE REAL WORLD CASES REAL WORLD CASE 1: HOW DELL IS MANAGING ITS SUPPLY CHAIN http://wps.prenhall.com/wps/media/objects/2519/2580469/images/Realworldcase1.html The Problem Michael Dell started his business as a student from his university dorm by using a mail-order approach to selling PCs. This changed the manner in which PCs were sold. The customer did not have to come to a store to buy a computer‚ and Dell was able to customize the computer to the specifications of the customer. The
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