ADVANTAGES OF PRIVATE PARTIES( EG: RELIANCE POWER) 1.Private Parties can bargain for prices with suppliers. 2.They are using Chinese Power Equipments. 3.The Limiting Factor of NTPC in competitive bidding are CVC Guidelines which do not allow Commercial secrecy of bidding offers submitted to NTPC by the vendors. NTPC Bidding Process Before submitting bids for the power projects‚ NTPC invites bids from its vendors who supply equipment for the project. NTPC decides its bid on the basis of
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of and explain the Business Pressures–Responses–Support model. The components of the pressure-response-support model are business pressures‚ companies’ responses to these pressures‚ and computerized support. The model suggests that responses are made to counter the pressures or to take advantage of opportunities‚ support facilitates monitoring the environment (e.g.‚ for opportunities) and enhances the quality of the responses. 2. What are the major factors in today’s business environment? The
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ABSTRACT Information systems and organizations influence one another. Information systems are built by managers to serve the interests of the business firm. At the same time‚ the organization must be aware of and open to the influences of information systems to benefit from new technologies. The collaboration between information technology and organizations is multifaceted and is predisposed by many arbitrating factors‚ including the organization’s structure‚ business processes‚ politics‚ culture
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to learn about decision making in groups because it is common to work in groups and making decisions collectively rather than alone by the group leader. Decision making in group process is a structured problem-solving or idea-generating strategy in which individual’s ideas are gathered and combined in a face-to-face‚ non-threatening group situation. It is an effective way of gathering a lot of ideas from a group‚ and it guarantees input from all group members. Group decision making methods. There
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PERSPECTIVES ON PRACTICE • Gaining competitive advantage and business success through strategic HRD: an Indian experience Biswajeet Pattanayak Indian Institute of Management‚ Indore Abstract: This article offers a case study of a strategic HRD initiative to enhance organizational performance. Based at a corporation in India‚ the initiative involved an action research component to understand factors hindering current performance and HRD interventions aligned to business strategy to address the identified
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Very simply‚ the term competitive advantage means the positioning a firm takes in relation to other firms in its industry. According to Michael Porter‚ there are three different way to sustain a competitive advantage. These three different strategies are cost leadership‚ differentiation‚ and focus. The term cost leadership describes when a firm provides the same or similar services or products as other firms but does so at a lower price. The term differentiation means a firm offers a superior
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ASSESSMENT 2: Decision-making in a business scenario Introduction Due to one American sporting apparel enterprise‚ which is assumed to be called the Wave Company‚ has entered its bottleneck of reaching the limits of growth‚ this report focus on that‚ as one CEO‚ how I will decide on the markets to expand to and ensure the success of this new business. Firstly‚ it provides an overview of situations this company faces and some detail information. Secondly‚ it uses one critical thinking tool‚ one
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Maloree Johnson Business Strategy September 22‚ 2014 Coach Case Study 5. What is Coach’s strategy to compete in the ladies handbag and leather accessories industry? Has the company’s competitive strategy yielded a sustainable competitive advantage? If so‚ has that advantage translated into superior financial and market performance? A business strategy refers to the means by which it sets out to achieve its desired objectives and goals. Coach’s competitive strategy deals exclusively with management’s
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a company with 100% Korean invested capital is the owner of high-grade Everon bedding- a reputable brand for lots of consumer in Viet Nam. It has already 3 factories in Dong Nai and Ha Noi and now wants to establish one more factories in order to expand its activity. Our company was asked to study and find out the most suitable location that can be the sub-constructors of Everpia base on some criteria. We will collect the information by using variety sources of data and evaluate the company by using
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important for companies to make their human resources into a competitive advantage and how HR contributes towards this process. It was always feared that machines will replace the need for people at work. But in reality‚ it’s just the opposite. People are more important in today’s organizations than ever before. As Edward L. Gubman author of The Talent Solution‚ (cited in Bohlander et al‚ 2007‚ p.4) points out‚ “in many fast-growing economies‚ it maybe easier to access money and technology‚ than good
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