* External and Internal Analysis and Competitive Advantage In this lecture‚ we focus * Company’s present strategy * Internal strength and weakness and external opportunity and threat * Five generic competitive strategy * Competitive advantage and strategy for Diversification * External and Internal Analysis and Competitive Advantage Considerations for Present Strategy: * Cost (low cost?) * Quality (superior quality?) * Customer based (broad or narrow segment) * Product-distribution
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References: Referrences * Mathis R.L‚ Jackson J.H (2008) Human Resource Management‚ Cengage Learning‚ London. * Armstrong M. (2006) A Handbook of Human Resource Management Practice‚ Kogan Page Publishers‚ London. * Smart B.D (2005) Topgrading: How Leading Companies Win by Hiring‚ Coaching‚ and Keeping the Best People‚ Portfolio Hardcover‚ London. * Torrington D.‚ Taylor S.‚ Hall L. (2007) Human Resource Management‚ FT/Prentice Hall‚ London.
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INTRO There are many factors‚ internal as well as external that impact the planning function of management within an organization‚ and Coca-Cola is no exception. More than a billion times every day‚ thirsty people around the world reach for Coca-Cola products for refreshment. Coca-Cola is the most popular and biggest-selling soft drink in history‚ as well as the best-known product in the world. The Coca-Cola franchise covers a population of approximately 398 million people. Coca-Cola Enterprises
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Human Resource Management Chapter 13 Application Case 1. One way to cut the cost of the benefit package is by offering prevention programs to employees. The company can actually decrease the number of illnesses by offering a health care program that supports frequent checkups and immunizations. The number of serious illness would be reduced‚ therefore cutting costs in the long run. Providing health promotion programs also help companies prevent illness through educating employees on things
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1. Describe and assess the internal and external factors which affected AirAsia’s pricing strategy. Internal factors affecting pricing include the company’s marketing objectives‚ marketing mix strategy‚ costs‚ and organization considerations. Marketing objectives before setting a price‚ the company must decide on its strategy for the product. If the company has selected its target market and positioning carefully‚ then its marketing mix strategy‚ including price‚ will be fairly straightforward
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contributing significantly to better customer service. 5. Employees are updated on new and enhanced skills‚ with a view to aligning them to business goals and objectives. 6. After a downsizing‚ remaining workers are given the technical and management skills to handle increased workloads. 7. Companies with business problems are given a fresh or unbiased professional opinion or exploration‚ evaluation‚ or critique. 8. Job satisfaction‚ employee motivation and morale are
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Wind River Systems acquired ISI‚ but considering the size of ISI at that time‚ which was as big as Wind River Systems’ size‚ the employees were asked to use the term “merger” instead of “acquisition”. ! With the merger came a change in human resources (HR)‚ shifting the focal of Wind River Systems employees’ skill requirements from a more task based approach to a customer oriented approach. Before the transition‚ the sales unit was in charge of connecting the potential clients with the company
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some other means is called ________. A) needs analysis B) task analysis C) performance analysis D) development planning 7) All of the following are sources of identifying training needs except A) attitude surveys B) assessment centers C) management-by-objective evaluations D) all of the above 8) Which of the following training methods is the most popular? A) on-the-job training B) apprenticeship
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motivational techniques to overcome the issues in the organization First of all he resolved the technical problems faced by the employees to boost their confidence and escalated other problems which could not be solved at his level to the senior management. He regularly interacted with the employees and appreciated their good work‚ started to listen to their problems and explained them the importance of their jobs. They were made aware of the current situation and the competition between their organization
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MGMT 2718 Human Resource Management Notes Introduction People are our most valued resource ‘New’ emphasis on achieving organisational success through management of people HRM as the ‘organisation’s conscience’ – where workers can expect to be treated with fairness HR ‘Process’ – recruitment‚ selection‚ training and development‚ performance management‚ reward and motivation‚ redundancy ‘Hard’ – ‘military’ model – management as commander – dictates strategy‚ then HRM follows – quantitative
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