Strategic management presentation Q3. Analyze Merck’s innovation strategy. Does Merck’s innovation engine need fixing? Why or why not? They were a closed innovation company but now to innovate and still be on the top of the best companies they have to move to open innovation. They changed Merv Turner who was the chief strategy officer with Mr. Cuong Viet Do from TE Connectivityin 2011. (That is good‚ new perspective from outside) Make a little comparison between open and closed innovation
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the economy. It is composed of many distinct businesses‚ each of which is an industry. So developing shopping malls‚ putting up prime downtown commercial space‚ and brokerage are all industries. Each of these industries has a different economic logic. Each of them is different in terms of its fundamental attractiveness. You’ve got to understand how attractive the industries are in which you are competing and you have to understand how they are likely to change over time. Hopefully‚ your job is not
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Store Image Chapter 13 Store Layout and Design Store Image is the overall perception the consumer has of the store’s environment. Elements That Compose the Store Environment Objectives of the Store Environment Tasks to create desired store image and increase productivity: 1. Get customers into the store (market image). 2. Convert them into customers buying merchandise once inside the store (space productivity). 3. Do this in the most efficient manner possible. Store Planning 1. Allocating
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Basics of Marketing MN & A – 2 Source - http://www.mplans.com/used_sports_gear_retail_marketing_plan/executive_summary_fc.php Used Sports Gear Retail Marketing Plan Nine Lives Outdoor Gear Consignment Shop Executive Summary Nine Lives--An Outdoor Clothing & Gear Consignment Store is a business in Eugene‚ Oregon. Nine Lives will be run by Jim Gearboy‚ a veteran of the outdoor industry. Jim is very familiar with the outdoor community in Eugene and has leveraged his regionally-specific
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and responsibilities 1. Work on achieving the objective of the project: - To support economic regeneration of Bosnia and Herzegovina by increasing employment through further development of the VET system‚ based on LLL principles. - To progress and further extend the modernization of the VET system in an LLL context and - To foster and further develop local institutional capacity for VET reform‚ with particular reference to labour market needs. 2. Preparing the comprehensive review and analysis
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Principles of Marketing‚ Junfeng Pan 1. Market segmentation Midea has considered several segmentation variables (mainly including city size‚ generation‚ and occupation) to segment the Chinese microwave oven market. Midea divided the market into two broader segment: householders in primary cities‚ and tertiary cities. The primary city markets has already been saturated‚ while there were a considerable number of potential customers in tertiary cities. On the other hand‚ in China‚ those people
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Fundamentals of Marketing Welcome! Wl ! Dr. Stephan Grzeskowiak Professeur‚ Departement Marketing © S. Grzeskowiak How do get these slides? Programs Postgraduate Fundamentals of Marketing © S. Grzeskowiak 1 11/6/2010 Preparation for today’s class • R d IKEA case (HBSP 9 504 094) Read 9-504-094) • Read KKBGH ‘Marketing Management’ – Part I (ch 1 – 4) ‘Understanding Marketing Mangement’ • Download and print Class notes © S. Grzeskowiak Fundamentals of Marketing What
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Question 1 Describe the 7 Ps of marketing and provide examples with which you are familiar. Question 2 Discuss the importance of the ‘marketing mix’ to the success of a firm. 7Ps of marketing: Philip Kotler elaborated McCarthy’s (1960) traditional marketing mix; according to him it consists of 4Ps namely Product‚ Price‚ Place and Promotion. These 4Ps of marketing mix were considered as the main areas where marketing managers try to use limited business resources to achieve their objectives
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Atari/Coleco video game generation crashed‚ Nintendo was able to enter with an 8-bit system and rise to dominance by selling on consignment‚ alleviating retailers’ risk. It had a near monopoly from 1985-1989. • In 1989‚ Sega was able to overthrow Nintendo’s dominance by introducing a 16-bit system 1½ years before Nintendo. • Sony was able to break into the video game industry by introducing a 32-bit system‚ investing heavily in game development‚ and leveraging its massive clout with distributors
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