Chapter 4: BUSINESS-LEVEL STRATEGY (chapter 5 in the textbook) 1 “I surf to where hockey balls will be there…. not where it has to roll over.” - Wayne Gretsky 2 Strategic model Company Environment Strategy 4 levels of strategy • Function-level strategy • Business-level strategy • Corporate-level strategy • International strategy 3 Business Strategy - BUSN 162 1 Business-level strategy Business-level strategy: an integrated and coordinated set of Businessstrategy:
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Models of Leadership There are a handful of ways to approach the actions of leading. Leadership involves a wide variety of characteristics and skills that vary based on different circumstances and motives for leading. Throughout our time here in South Africa‚ we have learned about these different stylistic approaches to leadership—all of which can be used in different aspects of our lives. The authentic leadership model and social change model both provide valuable resources for encouraging others
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(SMCR) Model David Berlo’s Source Message Channel Receiver (SMCR) model is an expansion of Shannon and Weaver’s 1948 model of linear communication. The SMCR model is not specific to any particular type of communication‚ but applies to all communication methods‚ and can even be applied to any second language communication. This model of communication considers the source‚ message‚ channel‚ and receiver‚ as well as the importance of the psychological view in the communication model. Berlo’s
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Rivalry: In the traditional economic model‚ competition among rival firms drives profits to zero. But competition is not perfect and firms are not unsophisticated passive price takers. Rather‚ firms strive for a competitive advantage over their rivals. The intensity of rivalry among firms is very large in case of jewelry business. There are a lot of big brands and even small small jewelers are present in the market. II. Threat Of Substitutes In Porter’s model‚ substitute products refer to products
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Models of the Atom a) Plum Pudding Model The plum pudding model imagines the atom as a positively charged entity that contains randomly dispersed (negative) electrons within it. It is called the plum pudding model because the electrons in the positively charge cloud resemble raisins in a pudding. Thomson realized that all atoms must contain electrons‚ and since the atoms had a neutral charge‚ they must also include protons. This led him and other to think of the atom as a positively charged
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SWAT model The SWAT model‚ a physically based model developed by the United States Department of Agriculture (USDA)‚ operates at a daily time step. This model has been developed on a physical‚ semi-distributive‚ scale-basin basis for continuous time and with emphasis on soil surface processes. SWAT’s sub-watersheds are divided into hydrological response units (HRUs) that have unique combinations of slope‚ land use‚ and soil type within the sub-basin and form the basic land segment for computing flow
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Macroeconomics – Chapter 10: The Aggregate Demand/Aggregate Supply Model * Keynesian Economics – Economists who focused on the short run * John Maynard Keynes - their leading advocate * the originator of macroeconomics as a separate discipline from micro * Classical Economists – economists who focused on long-run issues such as growth * Aggregate Demand Management – government’s attempt to control the aggregate level of spending in the economy * Equilibrium Income
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The Transtheoretical Model (TTM)‚ also known as the Stages of Change Model‚ was developed in 1983 by Prochaska and DiClemente‚ coming out of their work comparing the experiences of smokers who were able to quit on their own and those who quit using professional treatment (Glanz & Rimer‚ 2005). They proposed that behavior change is not a single event but rather an ongoing process where individuals move through six stages: precontemplation‚ where people are not yet thinking of change; contemplation
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influence Compliance well-being Human resource Congruence Organisational flow Cost effectiveness effectiveness Rewards systems Societal well- Work Systems being Situational Factors Workforce characteristics Business Strategy and conditions Management philosophy Labour Market Unions Task Technology Law and societal values Source: Beer et al (1984) The Human Resource Cycle: Rewards Selection
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questions. Question 1: Amazon’s business model was initially based on books delivered direct from supplier to customer‚ with its web site as the intermediary channel. Amazon also lost huge amounts of money for some years. Eventually it created a distribution network able to deliver around the world. Answer the following questions: Explain the original distribution model Explain the current model What are the important features of the current distribution model? Amazon is now an outsourced
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