ultimate objective of the strategic management process is to enable a firm to choose and implement a strategy that generates a competitive advantage. B. Competitive Advantage – when a firm is able to create more economic value than rival firms. 1. Whenever a firm has a performance advantage over its competition‚ it is said to enjoy a competitive advantage. This can be by higher perceived value by the customer or by lowering costs. C. Economic Value – simply the difference between the perceived
Premium Balance sheet Generally Accepted Accounting Principles Asset
Long term financing The long term financing is necessary for all kinds of business entities irrespective of their size or statue. This is a form of financing that is provided for a period of more than a year. Uses of long term financing: are used in separate ways by different types of business entities. Business entities that are not corporations are only to use long term financing for the purpose of debt but corporations can also use the long term financing for both debt and equity purposes
Premium Finance Debt Economics
Memory Storage There are two types of storage that consist in our brain‚ which are short and long term memory. Short term memory involves “rehearsal and chunking” (Schacter et al.‚ 2012)‚ while long term consists of “encoding and retrieval of past memories” (Schacter et al.‚ 2012). I strongly believe that short term memories can lead into long term memories‚ but only if the human right frontal lobe‚ hippocampus‚ and the sensory region works together. Do you remember the time you were in class and
Premium Memory Short-term memory Hippocampus
Three events that arguably had the most profound effects on warfare was the advent of three different “ages”: the Napoleonic age‚ industrial age‚ and nuclear age. Napoleonic Age. In the eighteenth century‚ European warfare was comprised of long-service regulars‚ officers from the nobility lacking military training‚ and a professional infantry recruited from the dregs of society requiring strict discipline. Warfare was slow because armies marched around towns (rather than through them) and could only
Premium World War II War Battle
group and dominating it. 2. Corporate strategy options for diversified companies include A) broadening the company’s business scope by making new acquisitions in new industries. B) divesting weak-performing businesses and retrenching to a narrower base of business operations. C) restructuring the company’s business lineup with a combination of divestitures and new acquisitions to put a whole new face on the company’s business makeup. D) pursuing growth
Premium Strategic management Value chain Product differentiation
http://www.michaelmccurry.net/wp-content/uploads/2010/04/Strategy-256x300.jpg Business Strategy Introduction Bruce and Langdon defines business strategy as “A strategy that maps out the future‚ setting out which product and services you will take to the market and how”. The strategy in business helps to achieve the goal and objectives in the company. The strategy for the business provides framework to know where they are positioned in the marketplace and how to keep moving forward. http://www
Premium Strategic management
Long Term Finance What is long term finance? Long term finance can be defined as the funding obtained for a time frame which is exceeding 12 months in duration. It usually has a term of at least 12 months up to 25 years. Long term finance can be seen when a business uses long term finance method to borrow funds from the bank and it has to pay back the loan over more than 12 months period. Merchant back offers long term finance generally. Long term finance is used for investments and projects
Premium Stock Corporation Limited company
Introduction Why do we need to borrow money? There a numerous reasons for the borrowing of money but common ones are; home loans‚ purchasing of cars‚ insurance‚ purchasing of business companies etc. People borrow money in general because they either can’t afford something or they have no money in cash‚ so they borrow from the bank‚ the disadvantage however is that you have to pay it back‚ and what people don’t realize is that the bank adds interest to the overall payment if you pay it over a period
Premium Finance Debt Term
BE 431 Business Strategy On the meaning of strategy from different theories and perspectives Introduction Strategy‚ originated from the ancient art of war‚ refers to the planning made on the basis of the analysis of the whole war situation. Moreover‚ under the influence of Ansoff’s Strategy for Diversification‚ strategy has begun to be widely used in economic management and many other areas including society‚ education‚ science and technology
Premium Strategic management
maintenance rehearsal and elaborative rehearsal Maintenance rehearsal: rehearsing without making meaning or connections with other information. helps maintain information in the stm/wm but not an effective way of transferring information into long term memory. shallow processing Elaborative rehearsal: more effective at transferring into LTM. think about meaning or make connections from something we know to item. deep processing level of processing theory Levels of processing theory:
Free Memory Hippocampus