There are four stages in the perceptual process: information attention and selection‚ organization of information‚ information interpretation‚ and information retrieval. Information attention and selection involves the screening of the vast amount of information bombarding a person to determine the information on which he/she will actually focus. Organization of information involves the use of schemas –– person‚ script‚ and person-in-situation –– to efficiently organize the information that is perceived
Premium Psychology Memory Hippocampus
Value Chain Analysis Value Chain divides activities within a firm into two broad categories: primary activities and support activities. It highlights the explorations of internal analysis of a chain of business activities and explores the role and contribution of organization’s resources corresponding to primary and support activities in a cost-effective way to gain cost advantage (Lynch‚ 2000). 4.1 Procurement: As for the Procurement in support activities‚ the Body Shop has developed long-term
Premium Marketing Supply chain
Subway-Porter Value Chain Introduction: SUBWAY was started 47 years ago in the year of 1965 by Fred Deluca. Subway is the market leader in the sub and sandwich shops offering a healthier alternative to traditional fast foods. Subway’s annual sales exceeded $ 6.3 billion‚ while countless awards and accolades have been bestowed its chain over the past 47 years. Subway has more than 33‚500 units worldwide whilst its rapid growth has attracted many investments and brought it many competitors
Premium Fast food Subway
Airline industry value chain Inbound logistics Primary activites Stock control airlines must store and handle fuel‚ food‚ and drinks. Stock is managed to ensure reductions in stock turnover‚ thus reducing costs and wastage. Route selection airlines must choose their flight routes. These will be selected upon desired routes‚ and deals negotiated with the airports. Airports are selected for their prime location‚ to allow consumers to get to their desired location. This then entails the
Premium Airline Low-cost carrier Service
Chapter 4: Business‚ Government and Institutional Buying Process 4.4 The Stages in the Organizational Buying Process The process is fundamentally the same as described for consumer buying -- many of the steps are similar‚ if not identical. As with consumer buying‚ because some decisions are more complex than others‚ not all decisions will involve all the steps discussed. Nor will the steps require the same degree of attention‚ resource commitments‚ and personnel. New task decisions normally involve
Premium Proposal Procurement Decision making
PORTER ’S VALUE CHAIN ANALYSIS The porter’s value chain is a model that helps to analyze specific activities through which firms can create value and competitive advantage. There are two activities in value chain which are: Primary activity – directly concern with creating and delivering a product. Support activities – not directly involved in production‚ may increase effectiveness or efficiency. PRIMARY ACTIVITIES | DESCRIPTION | Inbound Logistic | * Concerned with receiving
Premium Marketing
Definition: By exploiting its core competencies‚ a competitive firm creates value for its customers. Value is measured by a products performance characteristics and by its attributes for which customers are willing to pay. Companies with a competitive advantage offer value to customers that is superior to the value competitors can provide. Value is created by innovatively bundling and leveraging resources and capabilities. A value chain analysis provides information relative to primary (inbound/outbound
Premium Strategic management Marketing China
Cereal Industry: Global‚ Irish and European Market Size and Growth Rate: Global Figure 1 (Appendix...1) ------------------------------------------------- Year Market Size (Billion) Growth % $ 2004 21.6 2005 22.3 3.20 2006 23.0 3.30 2007 23.8 3.30 2008 24.5 3.30 2009 25.3 3.30 2010 26.2 3.30 2011 27.0 3.30 2012 27.9 3.20 2013 28.7 3.10 CAGR‚
Premium Breakfast cereal Breakfast Wheat
Stage 1: Sender •To establish yourself as an effective communicator‚ you must first establish credibility. •In the business arena‚ this involves displaying knowledge of the subject‚ the audience and the context in which the message is delivered. Stage 2: Message •Written‚ oral‚ and non-verbal communications are affected by the sender’s tone‚ method of organization‚ validity of the argument‚ what is communicated and what is left out‚ as well as your individual style of communicating
Premium Communication
of the firm. In general‚ primary economic activity of the company and its performance focus should dictate the selection of performance measurement model. ENDESA strategy is ¡§one of acquiring business units‚ using its expertise to develop as much value in the unit as possible and then to hold or sell the unit depending on its EVC potential.¡¨ Primary economic activity of ENDESA is oriented towards geographic diversification (diversified market expansion) and diversified portfolio of business activities
Premium Economics Microeconomics Finance