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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Ntsoaki Kunene Date: 2 MAY 2012 1 Table of Contents Question 1 Question 2 Question 3 Question 4 Question 5 Jockeying for position Industry life cycle Five generic competitive strategies Strategic management processes Development of a dynamic company strategy References 3-8 9-12 13-15 16-19 19-26 26-26 2 QUESTION 1 JOCKEYING FOR POSITION WITHIN AN INDUSTRY In 2001‚ as the first Xbox was preparing to launch‚ the home console market was a fiercely competitive space dominated largely by Japanese
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2 Global Strategic Planning As a home grown U.S. company Starbuck ’s quickly saturated its market‚ and hence several years ago looked at the global market for growth. One of these global markets is China‚ the most populous nation and home of the record breaking double digit gross domestic product or GDP rates. However‚ the Chinese culture is so much different that the U.S. culture‚ in fact some Chinese observers would say that the two cultures are apposite‚ hence careful strategic planning
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Global Strategic Management Mini Cases Series The Global Cement Industry Cement is a basic ingredient for the construction industry. Cement is made out of limestone‚ shell‚ clay mined out of a quarry close to the plant. The raw material is crushed‚ and then heated at temperature in excess of 1000 ºC in rotating kiln to become clinker. Clinker is then mixed with gypsum and ground to a fine powder to produce final grade of cement. The technology is a continuous process and is highly energy
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Strategic Intent. – Hamel & Pradhalad (1989) Article Positioning The main argument of this article refers to the effectiveness of ‘leveraging resources’ (Hamel and Pradhalad‚ 1989) compared to that of ‘maintaining strategic fit’ in achieving competitive advantage. Competitive advantage is generally conceptualised as the implementation of a strategy not currently being implemented by other firms that facilitates the reduction of costs‚ the exploitation of market opportunities‚ and/or the neutralisation
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Pharmaceutical Industry - Key Success Factors There’s a time for everything. For Dr Ramakanta Panda‚ it was time to build a ’modern hospital’ in India. As a cardiac surgeon from the prestigious Cleveland Clinic‚ US‚ he was known for his super-safe hands. But his ideas proved too radical for the design team. Whoever heard of picture windows to ward off ICU psychosis? Or counselling areas for patients’ relatives? How would cafeteria‚ convenience store‚ library‚ public booth‚ Internet access‚ and
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Role conflicts within groups Ashford University Name: MGT415: Group Behavior in Organizations Instructor: Date: This paper will focus on the internal make-up and the wellbeing of the Kirkland Regional Medical Center. The center is a company that enables its customers to pick and choose their own physicians or special care team such as Cardiologist or Internal Medicine. Currently‚ there are three sister facilities affiliated with K.R.M.C.‚ along with (2) Kirkland Clinic’s. The role of
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GridIndicated Rating Outcomes Appendix A: Global Chemcial Industry Methodology Factor Grid Appendix B: Methodology GridIndicated Ratings Appendix C: Observations and Outliers for Grid Mapping Appendix D: Chemical Industry Overview Appendix E: Key Rating Issues over the Intermediate Term 1 3 5 8 Corporate Finance December 2009 Moody’s Global Global Chemical Industry Summary This rating methodology explains Moody’s approach to assessing credit risk for global chemical companies. This document replaces
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The strategic planning process is the formulation of the company’s major objectives and execution plans. This process is of particular interest in GE. Strategy formulation is the process of choosing the best methods for a company where customer needs; competitive position and internal capability are the three factors that play the main role in strategic planning. Every manager needs to have at least a simple notion of strategic planning to formulate his strategic plans. Strategic Planning is a wide
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……………………………..………………………. 4 Two factors that determine ethical and unethical behaviour ……….. 5 - 13 Three roles management play in encouraging ethical behavior…….. 14 - 17 Reference….……………………………………………………….... 18 INTRODUCTION Ethical behaviour within organisations This paper describes what exactly ethics‚ which factors influences ethical behaviours and what can be done by managers in an attempt to encourage good ethical behaviours within organisations. In doing so we will look at what is an
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