HOMEWORK Subject: Strategy Formulation and Implementation Name: VõYếnNhi ID: BABAIU12157 Generally‚ the case of “The five competitive forces that shape strategy” is a constructive‚ thought article and it is valid in the field of planning strategy of a business in a competitive environment. As the name of it‚ the article of Michael E. Porter clarifies five forces that can form the strategy of an organization based on the perspective of an incumbent‚ or a company already present in the industry. They
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Topic: What are the megatrends which will shape our world Megatrends Introduction With population growth and economic improvement‚ human beings are naturally increasing their demand towards happiness. The current trend to pursue happiness (demand to consume resources) generates the global demand in the world. Sustainability is crucial behind this trend. Our the only planet with limited resources may not be affordable to feed all people living on earth If our population continues to grow and personal
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THE FIVE COMPETITIVE FORCES THAT SHAPE STRATEGY NOTES Competitive Forces 1. Rivalry Among Existing Competitors 2. The Power if Buyers 3. The Power of Suppliers 4. Threat of Entrants 5. The Threat of Substitute Products/Services The extended rivalry that results from all five forces defines an industry’s structure and shapes the nature of competitive interaction within an industry. Understanding the competitive forces‚ and their causes‚ reveals the roots of an industry’s current profit-
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challenges. Economic Environment The economic environment has a major impact on business in general and the management of human resources in particular. Economic conditions affect supply and demand for products and services‚ which‚ in turn‚ have a dramatic impact on the labour force by affecting the number and types of employees required‚ as well as an employer’s ability to pay wages and provide benefits. When the economy is healthy‚ companies often hire more workers as demand for products and services
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This is a factor that shapes their social identity because they change language‚ dress‚ fashion‚ music and food to ‘fit in’ at school where they may have white peers‚ but then when they are with their family they have to change back as their family may not be modern. So basically‚ they are living two lives‚ where they have multiple identities‚ which is made up of their ethnicity‚ where they have lived and their Britishness. This is assimilation‚ which is the process by which ethnic minorities adopt
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The market forces of Supply and Demand. a.Plotting the Demand and supply Curve. The following Table Illustrates the values used in the plotted graphs. Price Per Unit ($)Quantity Demanded Quantity Supplied 81106284362441520.560 The resulting graph is illustrated below. Demand and Supply Curves for Comic Books 01234567890 1 2 3 4 5 6 7 8 9 10 Quantity of comic books P r i c e o f e a c h c o m i c b o o k DemandSupply b.Finding the Equilibrium point Plotted on the graph
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EXAMINE SOCIOLOGICAL EXPLANATIONS OF THE WAYS IN WHICH ETHNICITY MAY SHAPE SOCIAL IDENTITY INTRO: DEFINE CONCEPTS OF ETHNICITY AND SOCIAL IDENTITY. FEATURES OF ETHNIC MINORITY IDENTITY: PHYSICAL FEATURES SUCH AS SKIN COLOUR; SHARED LANGUAGE; RELIGIOUS BELIEFS; EXPERIENCE OF RACISM. ETHNICITY MAY BE SOURCE OF SOCIAL INEQUALITY (DESPITE ANTI-DISCRIMINATION LEGISLATION) – IMPACT LIFE CHANCES OF MEMBERS OF E/MIN GROUPS. SUB CULTURES. SOME SOCIOLOGISTS BELIEVE THAT ETHNICITY IS A SIGNIFICANT SHAPING
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Using an Automated Response System Kathy Gearhart IT/284 August 24‚ 2012 Robert McDonald Using an Automated Response System According to "Automated Systems" (n. d.)‚ “An Automated Response System (ARS) is any system where an input is provided and a machine or computer carries out a process that produces an output” (Introduction). Basically this is a computerized assistant who directs the customer’s phone calls dependent on what their input to questions or menus is. The ARS is quite normal
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Five Forces This model focuses on the study of the competitive influences or ‘forces’ on a business. When we discuss competitive factors on a firm‚ we usually consider other firms within the same industry selling similar products. [1] and although it is true that other firms in the same industry present competition‚ Porter challenged this over simplified view by considering other forces that will also affect the firms competitive ability . The diagram below highlights the 5 main forces.
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EVERY COUNTRY‚ -THE COMPANY SHOULD ASSESS THE MARKET . -DEFINE THE SOCIO-ECONOMIC PROFILE. -IDENTIFY THE PRODUCTS DEMAND WHICH MATCHES THE MARKET. -THEN POSITION THE CARREFOUR RETAIL OUTLETS. 2. Should Carrefour adopt Wal-Mart’s strategy of "low prices everyday"? What would be the advantage or disadvantage of such a strategy? [NO CARREFOUR SHOULD NOT FOLLOW BLINDLY THE WAL-MART. ADVANTAGES -it will gain some limited gain in the market entry. DISADVANTAGES -it will not be able to match
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