WHAT IS STRATEGY? BY MICHAEL PORTER! 1! ! ! What is Porter’s definition of Strategy? ! Porter claims that a competitive strategy refers to the fact of being different to the competition‚ choosing a different set activities to deliver a unique mix of value to the client. He affirms that the essence of strategy is in choosing to perform actions in a different way than the rivals do and differentiate themselves in the market aligning themselves at the same time with the needs and wants
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policy-making process has been progressively improved over the years. Such improvements were mainly due to the several treaties revision. Even though the EP does not formally propose EU legislation‚ it takes on an important function in the EU’s legislative and budgeting processes. The EP works closely together with two other main EU institutions which are the European Commission and the Council of ministers. Common assembly In 1952‚ the current EP was found as the Common Assembly of ECSC and then it was
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Porter generic strategies Michael Porter described three types of strategy to achieve/maintain competitive advantage in his 1980 work Competitive strategy: techniques for analysing industries and competitors. (CS:TAIC) These generic strategies are based on two dimensions: market scope + core competency with two competencies being the most important: product differentiation/product cost. [pic] Porter (1980) stressed that failure to adopt single strategy of differentiation or low cost results in
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major significance and considerable controversy in recent years. Turkey applied for associate membership of the EU in 1959. The application resulted in an Association Agreement in 1963 whereby Turkey and the EU would conditionally and gradually create a customs union by 1995 at the latest. The customs union was considered as a step towards full membership at an unspecified future date. The EU granted Turkey financial assistance and protective tariffs in the first stage‚ but the second stage of gradual
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considerable amount of effort to meet the EU criteria. Despite showing Turkey’s commitment by meeting some of the EU standard‚ the decision to give the accession of the membership still remains unsettled. Italy‚ as a member state of EU‚ believes that the EU should give membership to Turkey and enhance Europe’s standing and make the EU a more diverse identity. To be or not to be with Turkey? It is evident that taking a decision of whether to support Turkey joining the EU or standing on the opposing side
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business sense to stay up to date with current EU legislation and policies. Also discussed shall be the effects that following or not following them could have on a business‚ and what a consumer could do if they believed one of the legislations or policies had been broken. A Brief History of the Single European Market An important speech made by Robert Schuman‚ the French Minister for Foreign Affairs on 9th May 1950 planted the seeds for the creation of the EU (Suder‚ 2008). May 9th is now celebrated
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Review | January 2008 | hbr.org STRATEGY STRATEGY by Michael E. Porter Peter Crowther SHAPE THE FIVE COMPETITIVE FORCES THAT Editor’s Note: In 1979‚ Harvard Business Review published “How Competitive Forces Shape Strategy” by a young economist and associate professor‚ Michael E. Porter. It was his first HBR article‚ and it started a revolution in the strategy field. In subsequent decades‚ Porter has brought his signature economic rigor to the study of competitive strategy for
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Turkey: The eternal candidate to the European Union Geographical aspects concerning TURKEY: Turkey is situated in Anatolia and the Balkans‚ bordering the Black Sea‚ between Bulgaria and Georgia‚ and bordering the Aegean Sea and the Mediterranean Sea‚ between Greece and Syria. Other neighbours include Iran‚ Iraq‚ Azerbaijan‚ Bulgaria and Armenia The area of Turkey is 783‚562 km (land-98%) and 9‚820 km (water-2%). The country of Turkey straddles two continents: Asia and Europe. The European
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the European Economic Community (EEC) and finally the European Union (EU)‚ through the Treaty of Paris (1951) and the Treaties of Rome (1957)‚ Maastricht (1992) and finally Lisbon (2007). The ECSC was created in the wake of Europe’s need to rebuild as a primarily economic cooperative focused on the resources of the British occupied Ruhr Valley. Initially evolving into a union to promote trade by abandoning internal tariffs‚ the EU quickly evolved into an entity looking to safeguard prosperity and peace
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Porters 5 Forces Analysis of Apple ltd. 1. Industry Competitors There are a number of competitors for apple products on the market today. Android phones are in direct competition with i-phones‚ Microsoft software and operating systems are in direct competition with Apple’s Mac brand. Samsung is their major competitor in production of hardware such as smart phones‚ tablets and laptops. To respond‚ Apple has found a way to re-engineer a number of products focussing on design and usability to increase
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