valuable product or service for the market. Value Created and Captured – Cost of Creating that Value = Margin 2 Distinct Sets of Activities 5 Primary Activitie s & 4 Support Activitie Primary Activities(5) Inbound Logistics- receiving‚ storing incoming goods Operations- value creating activities that transform the inputs into the final product. Outbound Logistics- activities is required to get the finished product to customer Marketing&Sales- getting buyers to purchase the product. Service-
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Sublevel caving techniqueSimplicity and low cost are the essence SUBLEVEL CAVING TECHNIQUE SIMPLICITY AND LOW COST ARE THE ESSENCE Author: Partha Das Sharma‚ B.Tech(Hons.) in Mining Engineering‚ E.mail: sharmapd1@gmail.com‚ Blog/Website: http://miningandblasting.wordpress.com/ 1. Introduction - Sublevel caving is usually carried out when mining of the orebody through an open pit method is no longer economically feasible. Mining now proceeds underground‚ underneath the open pit. At first‚ both
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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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Michael Porter published the Value Chain Analysis in 1985 as a response to criticism that his Five Forces framework lacked an implementation methodology that bridged the gap between internal capabilities and opportunities in the competitive landscape. This framework focused on industry attractiveness as a determinant of the profit potential of all companies within that particular industry. However‚ significant differences in performance exist between companies operating within the same industry that
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CHAPTER ONE INTRODUCTION 1.1 Background to the Study Construction revolves around different activities culminating into a constructed facility borne out of the wish and desire of the client. A construction project is completed as a result of the combination of many events and interactions‚ planned or unplanned‚ over the life of a facility‚ with changing participants and processes in a constantly changing environment (Saqib‚ Farooqui and Lodi‚ 2008). The growth of towns has accelerated as
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market share. Thus‚ the concentration ratio for this industry is very low. High growth prospects make it attractive for new players to enter in the industry. Another major factor that adds to the industry rivalry is the fact that the entry barriers to pharmaceutical industry are very low. The fixed cost requirement is low but the need for working capital is high. The fixed asset turnover‚ which is one of the gauges of fixed cost requirements‚ tells us that in bigger companies this ratio is in the
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Porter 5 forces analysis The current UK market is still in recession‚ unemployment is high and consumer confidence is fragile as a result people are not spending as much at the checkouts. As a result‚ consumer spending has slowed down in the face of higher inflation and the job market uncertainty. With M&S renowned for selling higher quality items which by their nature are more expensive‚ they run the risk of consumers seeking cheaper alternatives. Threat of entry The recession has reduced the
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THEME 8: GENERIC STRATEGIES 1. Introduction. 2. The Porter’s approach: competitive strategies (cost advantage‚ differentiation advantage and specialization). 3. The Ansoff’s approach: the Growth Matrix (market penetration‚ product development‚ market development‚ and diversification). 4. An integrating approach. © Alfonso VARGAS SÁNCHEZ 1 Hope is not a strategy‚ specially when internationalizing the company is the intention 2 Strategic Analysis: Compulsory Questions What business
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High-Tech‚ Low-Involvement: Changing Consumers’ Search for Information The internet has made it significantly easier for consumers to conduct an information search during the consumer decision-making process. Almost every household owns a computer and has access to the internet. This makes the internet highly accessible‚ hence information search is fast and convenient. From the case study‚ Grace wanted to buy a toaster and it has became a priority for her. Buying a toaster used to be a low involvement
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B OSTON C ONSULTING G ROUP (BCG) G ROWTH -S HARE M ATRIX MS-Excel & MS-Word Templates User Guide In the early 1970’s the Boston Consulting Group (BCG) developed a model for managing a portfolio of different strategic business units (SBUs) or major product lines. The BCG Growth-Share Matrix is a four-cell (2 by 2) matrix used to perform business portfolio analysis as a step in the strategic planning process. . www.business-tools-templates.com 11/1/2009 © Copyright Business Tools & Templates
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