Very simply‚ the term competitive advantage means the positioning a firm takes in relation to other firms in its industry. According to Michael Porter‚ there are three different way to sustain a competitive advantage. These three different strategies are cost leadership‚ differentiation‚ and focus. The term cost leadership describes when a firm provides the same or similar services or products as other firms but does so at a lower price. The term differentiation means a firm offers a superior
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The Advantages of Stupidity Most people say being stupid will lead no where. They claim that it is the worst possible condition in which to spend one’s life‚ and if possible‚ it should be completely avoided. They would even suggest if the symptoms of stupidity are caught in the early stages‚ it could easily be treated by a surgeon. The most effective method used to do this is the chainsaw technique‚ later described in volume two. Yet‚ perhaps if people took a closer look at some of the
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Every now and then i see one or the other organisation opposing the metro. No doubt they entitled to their views‚ but do they ever see the benefits any metro brings to cities‚(especillay the crowded ones like bangalore‚ mumbai etc) Let me quote a few points from PIB regarding the delhi metro‚ i am sure such benefits will accrue to bangalore also once the metro is complete „« Fuel cost saving: The annual saving on account of reduced fuel consumption will be Rs.180.89 crore in 2009‚ more than double
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The Effects of Technology Research Paper The information technology role in business is of great importance‚ it enables businesses to effectively and successfully plan‚ manage‚ and execute strategies that lead to greater profits and more success. The impact of information technology on business is continuing to rise as more advancements are developed and implemented into various business practices. The way that business is done has forever been changed with the advancements and will continue
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The advantages of the constitution monarchy - Continuity: elected governments come and go‚ but the king or queen remains. This continuity makes for stable regime. - Political neutrality: there are benefits from keeping the head of state out of party politics- the crown is above the temporary squabble of the political parties. - Experience: a monarch who’s reigned for more than a few years can have a valuable perspective and deeper knowledge of affairs than a politician who’s only been in power
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Adolf Hitler‚ in my opinion‚ wouldn’t have risen to power if not for Germany’s unfortunate situation at the time (1919-1923). He was‚ as some people say‚ a "fiery speaker"‚ but his speeches clearly reflected certain madness in him. Hitler’s rise to power was influenced mostly by Germany’s Economic crash‚ the stain on their reputation and of course‚ his aggressive‚ yet convincing speeches and various deeds he used to gain popularitry. Hitler and his National Socialist workers Party had a plan of
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and Technology is a term of art used to encompass the relationship between science and technology.” (wikipedia.com) Science and Technology are making advancements at an amazing rate. Starting from the earliest inventions like the telephone to the more advance internet‚ from abacus to calculators to computers‚ and from cars to rockets and satellites. Science and Technology has a great impact on the lives of people. It has been an advantage in all sorts of field like medicine and communication. Science
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What is Technology? Technology by definition‚ involves the creation‚ alteration‚ usage of tools‚ machines‚ and techniques in order to solve and improve preexisting problems. Technology has been instrumental in helping humans control and adapt to their natural environments. Moreover‚ it has also helped develop more advanced economies. Recent technological advancement such as the internet‚ mobile phones and automated machines‚ has lessened barriers to communication. However‚ there have also been
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What is WTO? The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements‚ and a dispute resolution process aimed at
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Introduction to New Communication Technology MC103 Term Paper TABLE OF CONTENTS I. Abstract II. Technology a. History b. Advantages and Disadvantages III. Cyberspace a. History b. What is Cyberspace? c. Effects on People IV. New Media Technology V. Webliography ABSTRACT Technology is everywhere. It is Fact Changing. In this term paper‚ you will learn more about techonology. Its history‚ advantages and diadvantages and also
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