In General Motor (GM) in relations with their external environment‚ there are many elements in which (GM) as a company will have no control over when conducting it business. In the “Five Forces Model” ‚ Michael Porter provide an suggestion and analysis regarding the forces which companies like (GM) will have no control over such as: 1. Who their immediate rivals will be‚ 2. Who the potential entrants are‚ 3. their customers‚ 4. suppliers and 5. Substitute products that will be purchased over (GM)
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marketing strategies. Through advertising they also stress the quality of their services. Companies like United Sates Cellular and American Airlines have to be thinking ahead of the curve in today’s market. Competitors are competing and like Michael Porter said “you have to be one step ahead of your
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HOW DO I HANDLE LETTING MY BOSS KNOW I’VE MADE A MISTAKE? Here is the philosophy on how to let your boss know when you have made a mistake. Most people have a defense mechanism that they do not want to accept responsibility for it. Typically‚ when you were kids you would point to your sibling. Well he did it. Johnny did it. She did it. I did not do it. It was not my fault. That if the instinct. The proper thing to do is be an adult. Own up to it. Accept responsibility for what you have done wrong
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Porter’s 5 Forces Analysis- Need to include one consistant example-The conclusions/improvements that can be drawn from Porter’s 5 Forces-Every force should have a fancy quote and reference Introduction Developed by Michael E. Porter‚ “Porters 5 Forces” have shaped a generation of academic research and business practice. Intense forces lead to less attractive returns on investment as can be seen in the airline textile and hotel industries. Benign forces exist in industries such as software‚ soft
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PROS AND CONS OF BEING YOU OWN BOSS Being your own boss comes with a lot of responsibility and isn’t just about taking a break whenever you want to. You have to look at the reality of what being your own boss entails‚ and not just focus on the glamorous thoughts of freedom. Clear objectives are the key – personal as well as business objectives. You need to be clear about what you want from having your own business and ensure that your goals are realistic before proceeding any further. Think
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Learning From your Boss I had the opportunity to work with a company for twenty eight years so I went through multiple management/Leadership. The lessons about management/leadership that I learned from my manager are the following: • Goal Setting - Setting goals is a very important first step on the path to becoming a more effective leader. While managers surely set goals and work to achieve those goals‚ leaders operationalize goals through teamwork. Accomplishing goals becomes more than a
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Assignment 3 Oligopolies Dan Daugherty ECO204 Principles of Microeconomics Hugo A. Villegas September 27‚ 2010 For each of the following‚ state whether you agree or disagree. Explain your reasoning. a. Oligopolies are always bad for society. b. The beer industry has a few large firms and many small firms. Therefore‚ we would not call it an oligopoly. Part a. It is careless to generalize about any system particularly oligopolies. While by definition oligopolies look like restrictive systems
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Challenge the Boss or Stand Down THOMAS set predictable problems that he failed to forestall. Instead of further poisoning his relationship with his boss by seeking to “expose” him‚ Tom should now start to repair the damage he’s done to both his professional relationships and his career prospects. Tom’s first mistake was in neglecting to consider that he was not his boss’s choice for the position of senior marketing specialist. From the outset he should have recognized the significance of that initial
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Your customer/end user is now your boss The advantages are when you are doing well and thriving‚ working long days but its ok because you are adding to your bottom line. You have no one to blame other than yourself at the end of the day when the work is not done. Your succes totally rides on you. Hopefully you have chosen a passion so going to work everyday is not a dreaded task. You may not have a "boss breathing down your neck" but your customer is your boss. You want to make him/her happy
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In Corbon essay‚ the Undercover boss he brings up several different contradiction to his opinion on the spyware software. One of the most profound statements is the fact that he agrees in using the software yet compares it to there are limits to what should be monitored and why. Another thing he does is to compare using spyware to reading a kids diary and believes it could be wrong. Lastly‚ he states that it whomever you are using the software on should be informed that they are being monitored by
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