Reinventing your business model Summary by Armen Sargsyan Business innovations have reshaped entire industries and redistributed billions of dollars of value. However‚ stories of business model innovation from well-established companies are rare as new business models often look unattractive to internal and external stakeholders. Business models consist of four interlocking elements that taken together
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Jeff Skilling was the CEO of Enron Corporation in 2001 and was convicted of multiple federal felony charges relating to Enron’s financial collapse. Skilling was a consultant for McKinsey and Company and worked with Enron in 1987‚ he helped create a forward market for the in natural gas. Skilling impressed Kenneth Lay and was hired by Enron in 1990 as chairman and chief executive officer of Enron Finance Corp. In 1991 he became the chairman of the Enron Gas Services Co.‚ which was the result of
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Case Study: Stateside Sports Limited The following information relates to the fictional company ‘Stateside Sports Limited’. Any similarities to actual situations or companies is purely coincidental. Information: Stateside Sports Limited is a business which buys in clothing and merchandise for major sports teams in North America and sells them to consumers through their own chain of shops in the UK and also to other sports shops for them to sell on. They have about 25 shops throughout the
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When conducting an interview for the American Film Institute‚ actor Jeff Bridges‚ discussing 1941’s Citizen Kane‚ said its director was "twenty-five years old‚ and he didn’t know what he couldn’t do...and Greg Toland gave him all the confidence in the world (2011‚ 0:28 sec.). Bridges was of course talking about the late‚ great Orson Welles. But who was Greg Toland? Well known in Hollywood at the time‚ Toland was a longtime cinematographer who had not only won an Academy Award for 1939’s Wuthering
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Jeff Nichol’s film Mud (2012) is a coming of age story about a young boy named Ellis whose idea of love and trust are challenged by those closest to him. A man named Mud becomes a friend and guide for Ellis‚ but also Ellis’ last hope for the existence of true and trustworthy love. Love is common theme throughout the film‚ but is especially important in the sequence of scenes near the end of the film that show the relationship between Ellis and his “girlfriend” and Ellis and Mud. The camerawork throughout
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Abnormal Behavior There are many different ways to define abnormal behavior. We will work from the definition of "behaviors and/or thoughts that are harmful to yourself or to others". What is the cause of abnormal behavior? That is not an easy question to answer. By today’s standards (and to some extent depending on the disorder)‚ we would say that it is a combination of both nature and nurture. Some would say it is because of traumatic events‚ some say it is because of learning‚ others would
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Discussion questions: 1. Which ten features of Lincoln Electric’s human resources and compensation policy do you find most noteworthy? I. Piecework has a fixed price and cannot be changed unless a new method of producing the item is established. II. Separate ‘Time Study’ department that sets the price awarded for piecework and the ability for employees to appeal prices etc. III. Additional yearly bonus
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Background Automek a large multinational auto component manufacturer headquartered in North America with plants worldwide. It supplied complete systems to many car manufacturers globally. This particular project was the first time that it had supplied components to OEM. Automek was looking forward for more business form OEM if this was successful. Due to increasing cost in the United States‚ Automek was on a lookout for global low-cost source. During its search it came across Agile in India and
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An Introduction to Model Building 1.1 An Introduction to Modeling Operations research (often referred to as management science) is simply a scientific approach to decision making that seeks to best design and operate a system‚ usually under conditions requiring the allocation of scarce resources. By a system‚ we mean an organization of interdependent components that work together to accomplish the goal of the system. For example‚ Ford Motor Company is a system whose goal consists of maximizing
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Working with the 555 555 is used for producing a clock (square wave) at a desired frequency. It can be used in various ways like the astable mode‚ monostable mode etc. Here‚ we deal with the astable operation of 555. Astable mode ensures that the 555 is self-triggered & so‚ it acts as a multi-vibrator. Let us look into the working of 555 in astable mode: These are the connections needed to make the 555 chip run in the ‘astable’ mode. The pin numbers are given in circles. Note the
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