Steps in Problem Analysis Problem Analysis Problem analysis is the process of understanding real-world problems and user needs and proposing solutions to meet those needs. A problem can be defined as the difference between things as perceived and things as desired. • “what is” vs. “what should be” • “what is given” vs. “what is needed” The goal of problem analysis is to gain a better understanding of the problem being solved before 2 development begins. The Five Steps in Problem Analysis 1. 2.
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CASE REPORT: SAMSUNG ELECTRONICS PROBLEMS Samsung competitive advantage is under attacks. Their biggest market share product in micro chip was threaten by Chinese manufacturer. New low-cost competitors: Chinese manufacturer Samsung didn’t know yet how to respond to Chinese invasion: Low-cost‚ differentiation or both? Collaborative ANALYSES EXTERNAL ENVIRONMENT 6F Threat of new entrants (High) High economic of scale High product differentiation High capital
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Chapter 1- What is strategy? Strategy- how to do better than your rivals What is the present situation? Where do we want to go? How will we get there? Strategy- doing things differently from rivals- competitive advantage Effectiveness & Efficiency Doing things differently than others either differently providing value Beauty is in the eye of the beholder Efficiently- “don’t care about value- but do it more efficiently Google focusing more on efficiency Sustainable Competitive advantage
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Business Level Strategic Analysis External Environment Porter’s Five Forces (Appendix A) The grocery industry is a commoditized industry‚ which makes it difficult for grocers to sustain through differentiation. Buyer power is high and thus‚ cost leadership and operational efficiencies are critical. There is fierce competition amongst various grocery stores‚ with the main players such as Loblaw and A&P holding multi-banner stores in various market segments. Traditional grocery stores also lose
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A global business strategy can be described as the strategies that a business has when they are serving customers around the world or operating in a global business environment (EconomyWatch‚ 2010). Global business strategies are closely related to the long and short term goals of an organization. Generally‚ short term goals deal with improving the day to day operations of the business. The long term goals on the other hand‚ deal with increasing profits and sales to strengthen the organization
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Applied Sociology Ethan W. Miller Dr. Shenk April 2014 Applied Sociology As every college student beginning there career in college everyone comes in with different dreams and aspirations. Some students enter universities already knowing what they want to-do. Some students have an idea‚ but are maybe haven’t quite narrowed down there choices yet. While others have no clue and are open to all the possibilities that there institution has to offer to them. As we move through
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genius behind this phenomenon‚ continues to build his empire throughout the continents of the world by his vision and bold business strategies. Spanning his wing around the world globally‚ Ikea is set to make its mark in history. 2. Background Note Company vision is to create a better everyday life for the many people by integrating sustainability in all business strategies. Today Ikea encapsulates all the key beliefs and vision of its founder‚ which includes: a. Democratisation of consumption
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The Strategy of International Business Chapter 12 © McGraw Hill Companies‚ Inc.‚ © McGraw Hill Companies‚ Inc.‚ 12-1 The Firm as a Value Chain Primary Activities: Those activities having to do with creating‚ marketing and delivering the product to customers and providing support and after-sales service. Support Activities: Provide inputs that allow primary activities to occur. An Efficient Infrastructure: helps create value and reduce the cost of creating
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Business Strategy Air AsiaCompany BackgroundAir Asia is one of the companies that very successful in adopting the cost leadership strategy as one of their competitive advantages. Air Asia had been established on 12 december 2001 with Dato Sri TonyFernandez as the CEO. As what the slogan says now everyone can fly which actually attract thecustomers to buy the ticket and also they offer a lot of promotions to many destinations around asia andcustomers are chasing around in getting their promotions
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Creating an Economic Strategy for Taiwan Prof. Michael E. Porter Harvard Business School Global Leaders Forum Taipei‚ Taiwan April 8‚ 2010 This presentation draws on ideas from Professor Porter’s articles and books‚ including‚ The Competitive Advantage of Nations (The Free Press‚ 1990)‚ “The Microeconomic Foundations of Economic Development‚” in The Global Competitiveness Report‚ (World Economic Forum)‚ “Clusters and the New Competitive Agenda for Companies and Governments” in On Competition
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