single-buying-opportunity model and a two-buying-opportunity model. We discuss how the revenue sharing ratio and the wholesale prices are to be determined in order to achieve channel coordination and a win-win outcome. We find that the wholesale prices are set to be lower than the retail prices and the optimal revenue sharing ratio is linearly increasing in the wholesale prices. The proposed revenue sharing contract has more flexibility than price protection‚ in that the optimal revenue sharing ratio
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organization creates value by converting inputs into outputs. It takes several resources such as raw materials‚ machinery‚ information‚ knowledge‚ human resources‚ money and capital as inputs and applies appropriate production and transformation processes at the conversion stage to produce finished goods and services. Consumers purchase these goods and services to satisfy their needs. The environment‚ in which an organization operates‚ affects stages in the value-creation process. According
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How is Apple’s IPod global supply chain achieving value through utilization of local competences? Using theories regarding industrial clusters‚ flexibility‚ hierarchy‚ regional development and globalization helps reveal the value Apple’s IPod supply chain is creating by sourcing high value critical components from countries like Taiwan‚ Japan and Korea. Those countries are world leaders in manufacturing high tech equipment‚ and because of the local knowledge and skills in those areas they can be
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Article Summary: Strategic Cost Management: The Value Chain Perspective Authors of this article do not believe the concept of “value chain” has been written about enough or clearly enough and therefore attempt to state the importance of the value chain on strategy from a managerial accounting perspective. Michael Porter first wrote about this in 1985. [ (Porter‚ 1985) ] They believe that any organization must understand the entire value chain for the entire industry in order to sustain competitive
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though these two restaurants both serve seafood they are different in atmosphere and certain dishes they prepare. They both offer their food fried‚ broil or blacken. Red Lobster offer wood grill and AJs don’t offer the grill seafood. The restaurant has two completely different menus that keep me going back for more. I eat at AJs more often because; I enjoy the taste of the raw oysters. So I visit them frequently. My wife enjoys the pasta from Red lobster and I enjoy the lobster tail. We visit
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“How To Use Your Chain Of Command" Why it is important to follow proper instruction procedures in the military is for many reasons. As a soldier it is our responsibility to not only follow instruction/orders‚ but to execute the command. Not following orders can result into consequences not only for the soldier whom committed not following instructions‚ but also it can put others at risk too. Like your N.C.O. in charge of you‚ to your Team Leader‚ to your Section Sergeant‚ to your Platoon Sergeant
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Using value-chain analysis to discover customers’ strategic needs David W. Crain and Stan Abraham David Crain‚ a marketing and strategy consultant‚ is visiting professor of marketing at Whittier College‚ CA‚ and former Director of Marketing at Fluor Corporation (davidwcrain@aol.com). Stan Abraham is professor of strategy and entrepreneurship at Cal Poly Pomona (scabraham@ csupomona.edu) and author of Strategic Planning: A Practical Guide for Competitive Success (Thomson South-Western‚ 2006).
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The Case Study of Li & Fung – The Global Value Chain Configurator TITLE: THE CASE STUDY OF LI & FUNG LIMITED ABSTRACT: The case illustrates the business history and evolution of Li & Fung Limited‚ one of the Hong Kong’s oldest and largest trading companies. The case gives an overview of its evolution from a traditional trading company to a global export giant and a customers’ supply chain management giant. It discusses the company’s strategies to change its business models to the changing external
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world’s largest online market place (EBAY.com) has been created‚ with it been nurtured in a creative‚ strategic‚ innovative manner puts it at the level which it resides today. EBay Inc is an American internet company that is wholly responsible for the management of eBay.com a worldwide auction and shopping website that different categories of people and businesses buy and sell a broad variety of products and services‚ in today’s market this community has gone on to span into tens of millions and also
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picture albums of a company and do not provide much detail about the complexities and essence of an organization. Some of the many questions that the traditional charts are incapable to identify are as follows: What parts connect to one another? How should processes and people come together? Whose ideas have to flow where? To overcome these shortcomings and to draw the organizations in a different manner‚ organigraphs are very useful. Organigraphs‚ introduce a new creative approach to organizational
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