For a business to function it needs to have a competitive advantage‚ that is it needs to be more attractive than its competitors in some way to sway consumers. Porter (1985 pp2) succinctly suggests that "If your product is not cheaper than anyone else’s or doesn’t serve me better or more conveniently than anyone else’s‚ why on earth should I use them?" A business entity needs to develop strategies to enable them to keen this competitive edge down to its sharpest point. This can be summarised
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HOW CAN DOMESTIC FIRM GAIN COMPETITIVE ADVANTAGE ON NEW INTERNATIONAL MARKET? MD3442 INTERNATIONAL STRATEGIC MANAGEMENT MICHAL GIERDA G20443172 Marketing can be explained as a process of gaining the competitive advantage and sustaining it. Many firms across the world which get to that point on their domestic markets decides to start their businesses on the international markets. This process is well known as internationalization and with proper strategy and market entry mode can lead
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MINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS HOCHIMINH CITY --- oOo --- HUỲNH ANH KIỆT CAPITAL STRUCTURE AND FIRM PERFORMANCE: CASE STUDY: LISTED COMPANIES IN HOCHIMINH STOCK EXCHANGE MASTER THESIS Ho Chi Minh City – 2010 MINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS HOCHIMINH CITY --- oOo --- HUỲNH ANH KIỆT CAPITAL STRUCTURE AND FIRM PERFORMANCE: CASE STUDY: LISTED COMPANIES IN HOCHIMINH STOCK EXCHANGE MAJOR: BUSINESS ADMINISTRATION MAJOR CODE: 60.34.05
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For a firm to survive it needs to know as much about the business cycle as it knows about its markets. Discuss. The business cycle is a sequence of economic activities typically characterized by recession‚ fiscal recovery‚ growth‚ and fiscal decline. Some firms will be more vulnerable to changes in the business cycle then others‚ the extent of which depends on the income elasticity of demand for the firm’s products. For example the car industry and firms producing new cars will be sensitive to
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What do you feel are the legal and economic issues facing law firms currently? The current‚ prolonged economic downturn has caused considerable issues for law firms‚ and has seen 11‚000 facing collapse. This is due to a “perfect storm” of legal aid cuts and the unwillingness of banks to provide loans. Putting into perspective the detrimental effects of a fragile economy‚ the SRA‚ (Solicitors Regulatory Authority) has placed 160 firms under intensive supervision‚ owing to concern surrounding their
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promote their corporate image‚ reputation‚ efficiency and its market share. Flagging the corporate scene with muddied and tinted face is G4s a security and courier firm. The adventurous heists under G4s Kenya’s watch are examples of how corporate image is ruined. The courier firm holds a contract with several banks to refill automated teller machines (ATMs) in the City and around the country to meet customer demands. However‚ the cash-in-transit
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How can the Mistakes of Other Firms Help Sainsbury’s to Successfully Enter Chinese Markets Over the last few years‚ China has emerged into the world market. While the retail sector has only existed since 1992‚ this now accounts for 20% of total sales in China. There has been significant growth in this sector since 2001‚ and it shows no signs of stopping. This is driven largely by the middle class‚ who has had an increase in numbers from 42 million in 2005 to an estimated 200 million in 2015‚ leading
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1. 0 Introduction This literature review examines and discusses the relationship between corporate social responsibility (CSR) and financial performance of firms in emerging markets through analysis made in relation to developing countries especially Malaysia‚ Indonesia‚ Turkey‚ Dubai‚ China and Brazil. Most of the studies examining the financial performance case for CSR show a positive association between CSR practices and financial performance (63 percent) whilst 15 percent present
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Environmental Management Systems implementation and Firms’ economic performance: an Empirical Analysis The summary version Author: K. Nishitani Student: Dang Tien Loc SUBMITTED TO UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAM THE NETHERLAND PROGRAMME 1. Paper’s objective the purpose of this paper is to answer the question whether EMS implementation can improves a firm’s performance or not by using panel data from Japanese manufacturing firms during 1996-2007. The theoretical model used
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changes to technology which may earlier be classified as an incremental innovation can have competitive consequences of a radical one. The key concept is the distinction between component knowledge and architectural knowledge. The paper argues that firms concentrate on refining components within a stable architecture established by a dominant design‚ and consequently‚ their “information-processing capabilities” are shaped by the existing architecture. While building upon component knowledge‚ their
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