Don’t you just hate when people make up terminology to suit their purpose? You may think that Chan Kim and Renee Mauborgne may fall into the category of trying to coin new words to set their concepts apart‚ but there is method to the madness. The concept is quite simple to understand. The Red Ocean is where every industry is today. There is a defined market‚ defined competitors and a typical way to run a business in any specific industry. The researchers called this the Red Ocean‚ analogous to
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primary sector is declining because it is running out of natural materials such as oil for example‚ this could mean that people would start to lose their jobs in this sector and it would be increasing growth in the tertiary sector. Although the secondary sector is also declining. These two sectors are declining due to a few reasons such as it is cheaper to import resources and materials such as coal‚ darming products etc‚ and there is an increase on the use of technology. The primary sector is focused
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Contribution of Services Sector in economy of Pakistan Submitted to: Miss Farhat Iqbal Submitted By: Mehak Liaqat Ali Bisma Mumtaz BBA Sem 5 Section B Kinnaird College for Women‚ Lahore Contribution of Services Sector in Economy of Pakistan Introduction: Services sector is largest and fastest growing sector in the world economy. The share of services sector in total GDP is 47 percent in low income countries‚ 53 percent in middle income countries and 73 percent in high income
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TYPES OF BUSINESS SECTORS There are three types of business sectors in an economy. Primary‚ secondary and tertiary. Primary sector comprises of agricultural based or small scale industries in which investment is very low. For eg. Farming. It involves production of raw materials. The secondary sector consists of industries which focuses on manufacture of certain products and the output of the primary sector serves as the input for this sector. Whereas‚ the tertiary sector is mostly service based
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Strategy is a plan of action which is designed to help achieve a long term goal. It is how the plan of action is decided that determines whether the strategy developed will be achieved. It is all about the analysing the strength of businesses’ position and understanding the important factors that may influence that position. Strategy is of paramount importance in the business world‚ as without it managers and employees will be unable to coincide with each other and therefore the organisation will
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SCM IN BANKING SECTOR 1 PRESENTATION FLOW Service Industry – Features SCM in Service Industry Banking Industry – Overview Problem Statement Objectives for FY2010 Retail Banking (Liquidity and Credit Management) Credit Card Delivery Mechanism Corporate Banking HNI Banking 2 UNIQUE FEATURES OF SERVICE INDUSTRY The customer – a participant in the service process Simultaneous production and consumption Perishability Limited Scale Economies Labor Intensiveness
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CASE STUDY The Service Sector of Germany I. Table of Contents II. Abstract III. Introduction Germany has the largest population in the European Union with 84.5 inhabitants in January‚ 2010. The prosperous German economy attracts millions of immigrants from around the world as it is the third largest country in terms of immigration. Germany is bordered by Poland‚ Czech Republic‚ Austria‚ Switzerland
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COMES TO THE PUBLIC SECTOR Richard B. Freenan Working Paper No. 1452 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 September 1984 The research reported here is part of the NBER ’s research program in Labor Studies and project in Government Budget. Any opinions expressed are those of the author and not those of the National Bureau of Economic Research. NBER Working Paper #1452 September 1984 Unionism Comes to the Public Sector ABSTRACT This
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previous three years to around US$ 19 billion in 2006-07) (Figure 1)‚ it still receives far less FDI flows than China or much smaller economies in Asia like Hong Kong and Singapore was ahead of India (Figure 2). Not surprisingly India’s growth strategy has depended predominantly on domestic enterprises and domestic demand as opposed to FDI and export demand. For instance‚ India’s FDI as a share of GDP in 2007 represented only about 1.7 percent compared to 2.8 percent in China and even below
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INNOVATIONS IN BANKING SECTOR INTRODUCTION The term innovation means”to make something new”. Banks no longer restricted themselves to traditional banking activities but explored newer avenues to increase business and capture new market. INDIAN BANKING SECTOR From 1806 qualitative & quantitative changes have been taken place. With 1935 regulation RBI was proclaimed as central bank of India. In 1990’s greater emphasis was placed on technology & innovation. New concepts like personal banking
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