Assignment for the article of "How Industries Change?" by Anita McGahan Harvard Business Review‚ Oct 2004 1. Why need to understand change in the industry? Understanding change in the industry is very important. Unless one understands how the whole industry is faring and changing‚ making investments within one’s organization for the purpose of maximizing the firm’s successes and profitability could backfire. Companies may misinterpret signs and formulate irrelevant assumptions and actions
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firms in order to understand their strategic behavior and one question has been especially controversial: What drives firm profitability? This essay analyses the evolution of the classic works developed by Schumalensee (1985)‚ Rumelt (1991) and McGahan & Porter (1997‚ 2002).Using an historical perspective‚ the evolution of the strategic management research shows a permanent evolution toward sophisticated methods can better explain and predict the complexity of firm dynamics. Strategic Management
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CASE 5.1: MERCK ACQUISITION OF MEDCO Abstract Corporate mergers and acquisitions (M&A) have become popular across the globe during the last two decades due to globalization‚ liberalization‚ technological developments‚ and competitive business environment (Fisher & Siburg‚ 2009). The synergistic gains from M&A may result from efficient management‚ economies of scale‚ profitable use of assets‚ exploitation of market power‚ and the use of complementary resources (Mitchell
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arthritis which would lead to the dry and sore hands. It also appeals to the sense of touch and sight when it describes the father’s hands and also when he "puts his clothes on in the blueblack cold." The use of alliteration is helpful here in McGahan 2 that it reinforces the coldness and bitterness of the weather outside and inside as well. One could almost feel the "cold" and see the "cracked hands." As the poem continues‚ the reader gets an idea that the father was probably in the industrial
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Strategic Management Journal 18: 573-581. McGahan AM‚ Porter ME. 1997. How much does industry matter‚ really? Strategic Management Journal‚ Summer Special Issue 18:15-30. McGahan AM‚ Porter ME. 1999. The persistence of shocks to profitability: comparing the marketstructure and Chicago views. Review of Economics and Statistics 81(1):143-153. McGahan AM‚ Porter ME. 2002. What do we know about variance in accounting profitability? Management Science 48: 834-851. McGahan AM‚ Porter ME. 2003. The emergence and
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Management Assignment: Prepare a brief summary of the main concepts addressed in the article. Also prepare a question outline that would facilitate your leading the class discussion. Article Summary In the article “How Industries Change” Anita McGahan states that companies need to understand how the industry is changing in order to understand which way an organization should change. In order for a firm to gain capital it needs to be in sync with the industry’s change trajectory. Determining which
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Bibliography: Argyres‚ N. & McGahan‚ M. A.‚ 2002. An interview with Michael Porter. The Academy of Management executive ‚ 16(2)‚ pp. 43-52. Argyres‚ N. & McGahan‚ M. A.‚ 2002. Introduction: Michael Porter ’s "Competitive Strategy". The Academy of Management executive‚ 16(2)‚ pp. 41-42. BBC News‚ 2014. Tesco to launch own-brand smarthphone this
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2004 Towards a strategic framework for competition in multi-product consumer markets. International Journal of Management and Decision Making‚ Vol. 5 (2/3)‚ pp. 117 – 134. Johnson‚ et al. 2006‚ Exploring Corporate Strategy‚ Prentice Hall: London. McGahan‚ A.M. (2004)‚ “How industries change”‚ Harvard Business Review‚ October. The Morgan wire 2010‚ Retrieved on January 10‚ 2010‚ from http://www.mogwire.com/ Analyzing Resources and Capabilities 2010‚ Retrieved on January 10‚ 2010‚ from http://www.blackwellpublishing
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performed value-creating strategy is not implemented by other competitor at the same time. Due to the ever-changing firm’s environment and competition‚ company’s competitive advantage might not last long (Lei & Slocum‚ 2005). Hence‚ as stated by McGahan & Porter (2003) and Baloch & Inam (2009) firms which seek strategic competitiveness and above average returns in the long run must create strategic fit between the formulation and implementation of its value-creating strategy and learn to exploit
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• Steps for sending a packet out - Step 1 - (IPv4 Routing Lookup) --> Goal is to decide on the following entities first. - Longest match / Lowest AD / Lowest Metric / Overlapping Routes(Multiple routes to the same destination in the routing table) / Policy Routing (Will override all the above steps) - Outgoing interface - Next-hop Step 2 - (IPv4 Switching Method) --> Goal is to move packets between interfaces. Load Balancing occurs at this stage. Even
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