“Diversity is the staff of economic life.” The theoretical tool of dealing with diversity is product differentiation. (Rosen.2002). It is an important component of imperfectly competitive strategic interaction. Sometimes‚ producers create physical and psychological differences between goods that are nearly identical so that consumers do not regard them as identical products. Product differentiation is most commonly done in the FMCG sector in products such as soaps‚ cereals‚ detergents‚ etc. It results
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Chapter 1‚ Q4 In order to gain sufficient value from information system‚ organization must support their technology investment with appropriate complementary investment in organizations and managements as well as social assets. The organization assets required to optimize returns from information technology investment include the organization’s hierarchy‚ efficient business processes and models‚ supportive organizational culture‚ and strong information system development team. The management
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monitoring every move of employees. When companies are too controlling over their employees it can hurt the creativity and market responsiveness that comes with independence of action. Incentives that can be used to facilitate a product differentiation strategy include: salary‚ bonuses‚ promotions‚ profit sharing‚ stock options‚ and sales commission. Incentive programs can push workers to perform more efficiently‚ which results in the maximization of the company value. Incentives such as profit
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niche. Schofield‚ who was the first to put forth the concept of stem cell niche‚ proposed that the niche: (1) provides an anatomic space to regulate stem cell number‚ (2) instructs a stem cell to either self-renew in close proximity or commit to differentiation at a distance‚ and (3) influences stem cell motility. Adult | Location (niche) | Stem cells | Growth factor | Give rise to | Bone | Bone marrow-soft‚ spongy tissue found inside bones. It is the medium for development and storage of most of
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Strategies The Big Picture strategies of the company focus on product differentiation and cost leadership. When you go into details of these strategies we deal with prising‚ promotion‚ and distribution strategies. Cost Leadership: What is cost leadership? It is a big picture strategy used by businesses to create a low cost of operation. This strategy is used to gain a competitive advantage over customers when competing on price. Dutch Lady has low cost of operations because of their scale of production
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case·‚ I. lux - Strong Differentiation The market has seen stagnant sales over the last The personal wash market is valued at Rs.45 billion (ORG-MARG). four years and the low entry barriers have led to intense competition between national and local brands. Lux is the larges~ personal wash brand in the country with a value share of 17%. Consumer preference has led to Lux becoming one of the most trusted brands in the country. Lux has retained its leadership status by strongly differentiating
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MANAGEMENT Paper – III Note : This paper contains seventy fifty (75) objective type questions of two (2) marks each. All questions are compulsory. 1. Hawthorne Experiment is related to the (A) Systems theory (B) Classical theory (C) Human relations theory (D) Scientific management theory 2. Cost incurred in the past and is not affected by a current decision is referred to as : (A) Sunk cost (B) Marginal cost (C) Incremental
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31‚ 2000) Market Segmentation: Conceptual and Methodological Foundations. * By James H. Myers (Jul 1‚ 1996) Segmentation & Positioning for Strategic Marketing Decisions * http://www.davetalks.com/articles/syndicated/product-positioning-differentiation-tips.htm
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advantage is the positioning of a company in its competitive environment. The starting point to have superior competitive advantage is to “improve faster than the competitors can catch up”‚ and this requires strategies. One of the strategies is broad differentiation which is defined as having a unique benefit over the competition. In other words you need to market a product or service that customers think is important and identifying with the number of different needs that the customers have. American Airlines
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many theoretically ideal market segments‚ in reality every organization like Orkut engaged in a market will develop different ways of imagining market segments‚ and vrate product differentiation strategies to exploit these segments. Successful market segmentation and corresponding product differentiation strategy can give a firm a commercial advantage‚ due to the more ejective match between target customer and product. Orkut was Launched in January 2004 by search company Google
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