Executive Summary Economic development of Sri Lanka is mainly based on agriculture and tea industry is a major contributor. For the past three decades tea industry intermittently faced with drastic issues resulting downward trend in economic and social development. Previously held dominated no one position of tea export is recently over taken by Kenya. Country economic policy to compete rigorously in world tea market is vital necessity for the growth‚ as the challengers with new producing countries
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❖ Should we compete head to head with our major competitors for the biggest but most sought-after share of the market‚ or should we focus on a niche in which we can satisfy less sought-after but also profitable segment of the market? Michael Porter proposes two “generic” competitive strategies for outperforming corporations in a particular industry: lower cost and differentiation. They are called generic because they can be pursued by any type or size of business firm‚ even by not-for-profit
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Porters Five Forces of the Retail Industry I. Supplier Power The bargaining power of Suppliers is relatively low. There is a high competition between suppliers which means that their ability to raise prices or reduce quantity is very low. Suppliers include both domestic and international manufacturers and because many retail products are standardized‚ retailers have low switching costs which make the supplier power low. Larger retailers have power over their suppliers because they can threaten
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operations in more than one country or region and is normally characterized by heavy capital investment (Murtha & Lenway‚ 1994). In Korea Hyundai and Kia controls about 81% of the motor car industry (Kim‚ 1998). For this to be achieved‚ these firms formulated and adopted strategies‚ advanced their technologies and worked closely with the government. In our analysis‚ Hyundai and Kia were evaluated and their competitive advantages evaluated to determine their strength and weaknesses in such a high competitive
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The Gift of the Magi by William Sydney Porter Xinyan Zhu September 2‚ 2012 Comp1102 /Fall Mrs. Chambers The Gift of the Magi by William Sidney Porter William Sidney Porter‚ better known under his pen name “O. Henry”‚ born September 11 1862 in Greensboro North Carolina. Accused of embezzling bank fund‚ Henry was arrested and sentenced to three years in prison. During this dark period in his life‚ he begin his literary career with his stories that were to be collected in his first book
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References: Cooper‚ D.R. & Schindler‚ P.S. (2011). Business research methods (11th ed.). New York‚ NY: McGraw-Hill/Irwin. Porter‚ M.E.‚ (1985). Competitive advantage: Creating and sustaining superior performance. New York‚ NY: The Free Press Pretorius‚ M.‚ (2008). When Porter’s generic strategies are not enough: Complementary strategies for turnaround situations. Journal
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which dominates the classical teorier3 (red ocean). Strategic Developments in Blue Ocean Strategy is focused on making it cheaper and better. Normally is firm theoretical and practical need to make a choice between these two factors. Michael E. Porter describes particular in his book Competitive Strategy - Techniques for Analyzing Industries and competitor‚ it’s about the company is either highly differentiated or have a low pris.4 Blue Ocean Strategy’s thinking is to remove cost value barrier
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Bargaining Power of SUPPLIERS: Moderate/ - There are plenty of hardware component manufacturers for cellphones but BlackBerry’s operating system is complicated therefore it limits the number of software developers that will work with them. - This problem was most recently seen when BlackBerry struggled to get native applications for the launch of the Z10. - The Bargaining Power of Suppliers for Blackberry has increased‚ due to Blackberry’s eroding market share. Firms who dominate the mobile
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term of positioning the company to cope best with both the industry environment and to influence the environment in favor of the company (Pearce & Robinson‚ p. 95). There are 5 forces analysis in driving industry competition advocated by Michael E. Porter‚ they are some general principle that applicable for any type of business‚ particularly for Tune.com Hotel Company set up in Malaysia. This competitive forces shape Tune.com Hotel generic strategy in order to accomplish the company’s objective‚ that
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Factor Conditions Although Brazil has a large workforce of 100 million people‚ it was perceived to lack flexibility due to difficult labor regulations‚ .costly labor requirements and rigid hiring/firing practices. These labor practices were viewed as a barrier in keeping workers in a low-productivity sectors and stifling upward mobility. Inflexible labor market also diminished national productivity‚ and reduced tax intake. Furthermore‚ the sub-par education system in the country has contributed
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