incentives as a key motivation to keep them working to their best standard. In business terms‚ this is usually a cash incentive but in teaching‚ sanctions are usually used as an alternative. This is an effective feature of autocratic leadership‚ which can force the students to complete the work on time‚ but not always to their best standard. On the other hand‚ we cannot simply deduce from the statement that theory X is the approach produces the best results in students because the students differ. There
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Threat of new entrants Profitable markets that yield high returns will attract new firms. This results in many new entrants‚ which eventually will decrease profitability for all firms in the industry. Unless the entry of new firms can be blocked by incumbents‚ the abnormal profit rate will trend towards zero (perfect competition). The existence of barriers to entry (patents‚ rights‚ etc.) The most attractive segment is one in which entry barriers are high and exit barriers are low. Few new firms
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How Narrative Stories Illustrate the Ideas in Your Medical Mind Narrative stories are used to describe something that has happened to us or someone around us‚ to entertain people and to convince people of something that we want them to believe. Also‚ writers use narrative stories to make a clear understanding of their ideas. Sometimes‚ writers use general stories‚ so the reader can imagine himself in the position of the subject’s story and caught up the message easily. This technique is used in
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...................................................................................7 Overview..........................................................................................................................................7 Porter’s Five Forces......................................................................................................................8 Internal Rivalry...............................................................................................................
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-1Successful examples such as Amazon.com and Dell have significant implications to the potentials for e-Retail businesses to take over the market shares of their traditional retailing competitors. This phenomenon can be explained using Porter’s five forces: Supplier Power- In the case of Amazon.com‚ like its retailing competitors‚ its supplier companies are mainly publishers. Just as many readers‚ there are thousands of publishers in the world‚ thus they are not concentrated at all. The 24-hour
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Porters 5 forces Pestle? Business plan The unexpected Incongruities‚ Process needs‚ Industry structure‚ Demographics Changes in perception‚ New knowledge Idea‚ Invention‚ Innovation‚ Diffusion Companies own assets Physical Intangible Human In the past Competitive advantage came from physical assets such as property/land/Financial clout Still important (anyone fancy taking on Apple?) but Intellectual property (patents) and key process management (we know how to do this) i.e. what we
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Hanna Jurkowska Question 1 Economic inefficiency in the market arises when manufacturers do not supply the required type or quantity of a goods and services on the market which are demanded by consumers and that will lead to Market Failure. We can identify 3 causes of market failure: 1. Restricted Competition – The UK Government investigates and if necessary stops monopolies and mergers‚ cartels and restrictive trade practice‚ because good competition between companies (producers) leads to
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Market Analysis: Outlining the Process and Exploring its Value to an Organisation WORD COUNT: 2651 Contents Page Pg. 3 Pg. 3 Pg. 4 Pg. 5 Pg. 6 Pg. 6 Pg. 7 Pg. 8 Pg. 8 Pg. 9 Pg. 3 Pg. 3 Pg. 4 Pg. 5 Pg. 6 Pg. 6 Pg. 7 Pg. 8 Pg. 8 Pg. 9 1. Introduction 2. Market analysis process 2.1 Macro environment analysis 2.2 Micro environment analysis 2.3 S.W.O.T. Analysis 2.4 Critical Success Factors 3. Identification of short‚ medium and long term
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Major Societal Forces Network information technology. The digital revolution has created an Information Age that promises to lead to more accurate levels of production‚ more targeted communications‚ and more relevant pricing. •Globalization. Technological advances in transportation‚shipping‚and communication have made it easier for companies to market in‚ and consumers to buy from‚ almost any country in the world. International travel has continued to grow as more people work and play in other
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Introduction A key cause of climate change is the failure of the market system to efficiently allocate resources to deal with extensive negative externalities‚ specifically those caused by carbon – based gases polluting the atmosphere. Failure in the market system is having a extravagant impact on atmosphere. The allocation of resources is affecting the environment but more specifically the carbon based gases are polluting the atmosphere. This is resulting in global climate change. Potential solutions
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