TUTOR: Innovation 12th to 17th October‚ 2012 Akinlabi Olumide Ajelabi 1263626 Stephen Hale Pieter Nelson Paul Beak Jane Corbett Ian Sterritt Innovation & Strategy 1 Table of Content Table of Figures ..................................................................................................2 Introduction ..........................................................................................................3 Describe the Innovation ......
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Michael Porter’s Value Chain and Gaining a Competitive Advantage The more value an organization creates‚ the more profitable that organization likely will be and by providing more value to your customers‚ the organization is gaining a competitive advantage. Understanding how your company creates value and looking for ways to add more value are critical elements in developing a competitive strategy. The concept was first introduced by Michael Porter in his 1985 book “Competitive Advantage.” A
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Disruption occurs when a smaller company with fewer resources successfully disrupts the business practices of an incumbent business. Disruptive innovation has brought success to countless companies. However‚ though it is effective‚ it can also be dangerous. This is because many theories on the subject are misunderstood or misapplied. Christenson believes this is because users tend to focus on the concepts created 20 years ago‚ rather than reading books and articles that have been published with refinements
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Fore! Disruptions Ahead AMS 510 Report 1 Tyler Pace The industry I have chosen for this report is the golf industry. Although this may not seem like an as impactful industry‚ such as healthcare or education‚ I think its long history provides many examples of concepts and theories discussed in this class. First off‚ how do we there has been new-market disruption in this industry? According to Christensen‚ “One clear signal is a high and increasing rate of growth
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I. Operational Effectiveness Is Not Strategy According to Porter‚ various management tools like total quality management‚ benchmarking‚ time-based competition‚ outsourcing‚ partnering‚ reengineering‚ that are used today‚ do enhance and dramatically improve the operational effectiveness of a company but fail to provide the company with sustainable profitability. Thus‚ the root cause of the problem seems to be failure of management to distinguish between operational effectiveness and strategy: Management
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A HISTORICAL EXAMINATION OF DISRUPTIVE INNOVATION MANAGEMENT IN THE GLOBAL MEDIA & ENTERTAINMENT INDUSTRY by Petrus Jacobus Pieterse 14444712 Thesis presented in partial fulfilment of the requirements for the degree Master of Science in Engineering Management at the University of Stellenbosch Supervisor: Dr. André van der Merwe Faculty of Engineering Department of Industrial Engineering March 2012 Stellenbosch University http://scholar.sun.ac.za Declaration By submitting
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Michael Porters Strategy Michael Porter is the University Professor (the highest honor in Harvard University) in Harvard Business School. He is acknowledged as the father of competitive strategy. He has two main theoretical perspectives; one is “the five forces model of competition”‚ and the other one is just the “three competition strategies” (Michael Porters Strategy). The three competition strategies are cost leadership strategy‚ differentiation strategy and segmentation strategy. These strategies
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Michael Porter’s video discusses how to gain competitive advantage and in the market place using specific strategies. Competitive advantage is the positioning of a company in its competitive environment. The starting point to have superior competitive advantage is to “improve faster than the competitors can catch up”‚ and this requires strategies. One of the strategies is broad differentiation which is defined as having a unique benefit over the competition. In other words you need to market a product
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In General Motor (GM) in relations with their external environment‚ there are many elements in which (GM) as a company will have no control over when conducting it business. In the “Five Forces Model” ‚ Michael Porter provide an suggestion and analysis regarding the forces which companies like (GM) will have no control over such as: 1. Who their immediate rivals will be‚ 2. Who the potential entrants are‚ 3. their customers‚ 4. suppliers and 5. Substitute products that will be purchased over (GM)
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Executive Summary Platform Wars: CRM – Salesforce.com Salesforce.com is an enterprise cloud computing service provider. Its flagship products are its CRM and sales applications. Salesforce.com helps companies stay connected with its customers‚ vendors and employees through its social and mobile applications. In the CRM space Salesforce is one of the leaders with over 100‚000 customers. What needs to happen for Salesforce to win the platform war? In the CRM space Salesforce is already one of
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