School of Accounting & Finance The Hong Kong Polytechnic University AF2111 Accounting for Decision making Semester 1 of 2013/2014 Academic Year Meeting Time: Thursday‚ 19:30 - 21:20 Venue: DE401 (subject group S01) Instructor: Ms Sarah Cheng Mei Ling Office: M754‚ Li Ka Shing Building Tel. No.: (852) 2766-7027 E-mail:
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Question: The ability of some firms to sustain longer term competitive advantage relates to their capabilities according to the resource based theory of the firm. Summarise this approach to explain why some firms perform better than others in an industry. Sustainable Competitive Advantage Within all economies there have always been firms that are destined for success and firms that are doomed to failure... or have there? Is this an inevitable outcome predestined by exterior market forces
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II. Operations Products (Service) The company provides a service‚ mainly vehicle rental‚ to replace a customer’s damaged or out of service vehicle. This service has been around for awhile‚ in this case since 1957‚ and appears to be in the mature phase. A case could be made that in the case of Enterprise‚ the service of vehicle rental is still in the growth phase since annual revenue‚ fleet size‚ employee size‚ and the number of locations has grown every year since the founding of the company
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business strategy that helps them compete successfully in the markets. There is a proverb‚ “to know the enemy and know yourself‚ and you can fight a hundred battles with no danger of defeat”. The competitive advantage is a set of objectives‚ plans‚ and policies. One of the most important factors of developing a business strategy is identifying the organization’s core competencies. Therefore‚ an important part of strategic planning is identifying and predicting the core competencies. Core Competencies
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Lifespan Nutritional Needs As we grow older‚ our nutritional needs begin to change. Not only do they change throughout different stages of life‚ but they also vary depending on whether you are male or female. The following are nutrient requirements for the lifespan of both men and women: Infants Infants of both sexes leave the mother’s womb and live on their mother’s breast milk for the first four to six months of their life. If breastfeeding is not possible‚ then the infant should be formula
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A competency trap is the false belief that the same practice that led to a past success‚ it will necessary lead to a future one. Even though this term was introduced in management literature‚ "competency trap" is wide in scope and can be applied in different fields such as business‚ military and in the personal. Competency traps derive from excessive specialization‚ "Competency traps represent a tendency to maintain existing and familiar technologies and routines (Levinthal and March 1993)."; and
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Functional Competency Inventory and Design by Jai Cortes I. Title of the Diagnostic Tool: Functional Competency Inventory and Design II. Overview of the Diagnostic Tool a. Definition In a nutshell‚ functional competency inventory and design‚ is a tool which aims to measure the competencies of functional groups of organizations‚ which are affected by their respective core objectives. In 1973‚ McClelland supported “testing for competence‚ rather than intelligence.” By definition‚ competencies are “general
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It has one major part‚ corporate culture‚ often described as the “personality of an organization”. In that case multinational firms play a major role in this‚ as knowing how to communicate through their point of view is a great advantage. To answer the relevant question it is essential to understand what the corporate culture is especially its meanings to a multinational firm. This essay will examine it by explaining the cultural dimensions of G. Hofstede in general and in respect of global business
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Marketing & Operations Strategy Business Report 1.0 INTRODUCTION This report proposes to discuss the current marketing and operations strategies utilised by the Dangote Group of Nigeria - in order to deliver sustainable customer value to consumers within Nigerian market. This sustainable customer value is delivered in an attempt to ensure the safety of market share‚ and increase the profitability and revenue of the existing organisation. This report will also investigate Dangote’s ability
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In view of the data in the Office of the National Drug Control Policy (ONDCP) and its Data Supplement‚ I chose the 2010 National Drug Control Strategy report. It’s interesting to note that at that time drug overdose deaths surpassed gunshot deaths in the United States. That is an amazing statistic that a common person would expect to be the other way around. It speaks to the dependency of drugs and the powerful impact that they have on our society. To that end‚ in 16 states drug overdose deaths were
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