Key Terms in Strategic Management Competitive Advantage * Anything that a firm does especially well compared to rival firms. * A firm must strive to achieve competitive advantage by: 1) Continually adapting to changes in external trends and events and internal capabilities‚ competencies and resources. 2) Effectively formulating‚ implementing and evaluating strategies that capitalize on those factors. Strategists * Usually found in high levels of management (CEO)
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KEY TERMS Production Organization: Organization that produces tangible goods that can be mass-produced and stored for later consumption. Service Organization: Organization that produces intangible goods that require consumer participation and cannot be stored. Operation Management: Complex management activity that includes planning production‚ organizing resources‚ directing operations and personal and monitoring system performance. Productivity: Measure of how well an operations
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Technology (BUBT) Submission Date: 30th December‚ 2010 1. Compare and contrast the transport principles of economy of scale and economy of distance. Illustrate hoe they combine to create efficient transportation? Ans: There are two fundamental principle that impact transportation efficiency Economy of scale in transportation is the cost per unit of weight decreases as the size of a shipment increases. Transportation economy of scale exist because fixed cost associated with transportation
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Name Microbiology 2210 Answer Key Practice Test 1 Directions: Choose the most correct response to answer the statement. ___1. Archaea a. belong to the kingdom Protista b. have petidoglycan in their cell walls c. belong to the domain Bacteria
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What are some of the key problems facing the world’s cities in 21st century‚ and what can be done about them? Almost half the world’s population now live in urban areas and‚ as cities grow even larger‚ conditions for civil cities are likely to get worse. This continuously swelling population‚ if not properly addressed‚ will lead to several very serious problems. Three of the most critical key problems are increasing pollution‚ global warming‚ and worsening social conditions. Firstly‚ pollution
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Compare and Contrast Key Perspectives in Psychology This essay discusses the most important and still used perspectives in Psychology and how they influenced scientists all over the world and many generations later. However‚ to be able to present those theories‚ a short history lesson is needed. The term "psychology" comes from Greek word "psyche"‚ which means soul or mind and word "logos"‚ which means knowledge or study. As a result‚ word "psychology" means a study of mind (Colman‚ 2009‚ p. 619)
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Japan has a population of just over 126 million people‚ although each year this number slowly decreases due to the birth rate of 1.39 per couple1. As well as the fact that Japan is an extremely homogenous society with 99% of citizens and residents being Japanese with 1% of their population being non-Japanese. The declining population reflects highly upon society as many Japanese in their twenties feel they are too busy working to raise children‚ as well as the rising cost of living making it hard
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For Japanese Women‚ a Competition to be Thin In Japan‚ only 3.5 percent of the population is considered obese. In contrast‚ the U.S has a climbing obesity rate that is currently thirty percent. A main reason for the contrast in obesity rates is the “culture of health” that Japan has long promoted. In part‚ Japan has been the healthiest nation thanks to its meals of vegetables‚ fish‚ and small portions. However‚ although Japan is able to avoid the problem of obesity‚ it is experiencing a rapid
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Analyze the development of the world economy from 1850 until present day. Constantly changing‚ the world economy will never be the same as it was a year ago‚ a month ago‚ or even a day ago. It might repeat itself in a similar manner or proceed in cycles but because of globalization it never stagnates and there is endless activity. Two hundred years in the past‚ our society and economy was radically different and went through multiple phases to reach where we are today. Though the boundaries of
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Abstract: The comparison between African and Javanese Music Throughout the music history‚ Western music has dominated to the world a number of regional music‚ and one of these is African music‚ which was considered to have the biggest influence because of the history of slavery. Besides‚ Java‚ an island that belongs to Indonesia‚ has a little impact on the development of Western music. Although several common factors still exist between them‚ there are several contrasts related to musical characteristics
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