NEW YORK LEHMAN COLLEGE ECONOMIC ANALYSIS FOR MANAGERS ANALYSIS OF CON EDISON BY USING MICHAEL PORTER`S FIVE FORCES MODEL INSTRUCTOR: MINE AYSEN DOYRAN STUDENT: Recep Maz What makes electric utilities (Con Edison) monopolistic and why? Support your answer by referring to AT LEAST 2 FORCES outlined in MICHEAL PORTER’S Five Forces of Analysis Historical facts about Con Edison Company I would like to give breath information
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Porter ’s five forces is a framework for the industry analysis and business strategy development developed by Michael E. Porter . It draws upon Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Three of Porter ’s five forces refer to competition from external sources. The remainders are internal threats. It is useful to use Porter ’s five forces in conjunction with SWOT analysis (Strengths‚ Weaknesses
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organizational dynamics of change a leader must manage‚ in terms of structure‚ culture and the individuals that make up an organization. 20 years after this article‚ there exists a typical situation at NIST and perhaps many other organizations in Kenya‚ only that owing to cultural orientations and value prioritization‚ it is likely that the opposite of the views expressed by the authors are practiced. Transformational leadership is a process that changes and transforms individuals. It is concerned
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Discuss Bowlby’s work on attachment. Refer to the work of at least one other researcher in your answer. (12 marks) Attachment theory was developed in the 1950’s by psychoanalyst John Bowlby‚ who defined attachment as a ‘lasting psychological connectedness between human beings’. Whilst working with James Robertson in 1952‚ he observed that children experienced intense distress when separated from their mothers and if fed by other caregivers‚ the child’s anxiety did not diminish. This led to his theories
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Importance Of Paying Attention To Detail Paying attention to detail is very important. If you are told to do something a specific way‚ the best thing that you can do is exactly what you were told. There is always a reasoning behind everything you do. Paying attention to detail in the Corrections environment is very important‚ especially if it has to do with a certain way of completing tasks inside the institutions. If a seasoned officer tells you to do something as a new officer‚ its probably
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The correlation’s between Kaplan and Norton’s “Mastering the Management System” and Porters “Five Competitive Forces that Shape Strategy” are significant. Managers need to have a complete understanding of their company’s surroundings in order to change their strategy. These two articles combined could be considered a 2-step process in itself. Step one‚ analyzing the environment of an industry utilizing Porters Five Forces model and step two‚ following the five stages laid out by Kaplan and Norton
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1. Micheal Moore opens a bank account called free gun instead of interest. 2. Micheal Moore grew up in Michigan. 3. He was the president of the National Rifle Association. 4. They are really bad people who carried bombs around. 5 The reason why he said this is because‚ it’s really dangerous out there and no one is going to come and save you‚ so always keeps it with yourself. 6. He was arrested in blowing up a city. 7. To me‚ this statement means whenever someone has a dangerous situation always
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African Home Adventure Kenya and Tanzania Safaris is a member of the KENYA ASSOCIATION OF TOUR OPERATORS-PR/459 (KATO). The company was established after a thorough groundwork by professional tour guides and consultants with the objective of not only tourist realizing their dreams but also enriching their holiday with untapped peculiarity. We have a management mode peculiar to our company and have brought together the combination and synergies of seasonal participants in the field of hospitality
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Alyssa B. Sociology 10/20/2011 Class C In Kenya‚ the children from poor familes have to resort to having sex with men that they meet on tourist beaches. They do this so they have money to feed their families and themselves. A lot of people view this as an issue because the girls start doing this when they are younger than the age of 18. Many organizations have been put together to create awareness and are trying to prevent as much of the child sex tourism as they can. A majority of the men
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I. 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
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