The Big Idea: Creating Shared Value by Michael E. Porter and Mark R. Kramer The capitalist system is under siege. In recent years business increasingly has been viewed as a major cause of social‚ environmental‚ and economic problems. Companies are widely perceived to be prospering at the expense of the broader community. Even worse‚ the more business has begun to embrace corporate responsibility‚ the more it has been blamed for society’s failures. The legitimacy of business has fallen to levels not seen in recent history
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Clusters and the new economics of competition Harvard Business Review; Boston; Nov/Dec 1998; Michael E. Porter; Volume: 76 Issue: 6 Start Page: 77-90 ISSN: 00178012 Abstract: Today’s economic map of the world is dominated by what are called clusters: critical masses - in one place - of unusual competitive success in particular fields. Clusters are not unique‚ however; they are highly typical - and therein lies a paradox: the enduring competitive advantages in a global economy
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Quotes: “An eye for an eye will make the whole world blind.” “There are many causes I would die for. There is not a single cause I would kill for.” “First they ignore you‚ then they laugh at you‚ then they fight you‚ then you win.” “There is no way to peace; peace is the way.” “I object to violence because when it appears to do good‚ the good is only temporary; the evil it does is permanent.” “Nonviolence is the first article of my faith. It is also the last article of my creed.” “Use truth
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Porter’s Five Forces Analysis Threat of New Entry There are many companies manufacturing and selling office products at an international level. New entrants can find it easy to enter and establish their position in the market by basing their strategy on low cost. The market offers growth opportunities to new entrants as well indicating low entry barriers for the firms wanting to enter into the area of office products. Therefore it can be stated that Staples Inc is operating in an industry where
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CHAPTER 2: Porter’s Five Forces (Detailed Analysis of Present Environment) -Threats of new entrants A couple of years ago there were just a couple of casinos in Manila‚ all owned and operated by Pagcor (owned by the government)‚ but in the recent years a lot has changed and The Philippines is now expected to be one of the world’s top casino destinations in the near future. Resorts World Bayshore is the 4th casino to open in Entertainment City Manila. Construction on the first phase of the resort
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framework‚ also known as Porter’s five forces‚ is one the fundamental business models widely used by businesses and managements consultants. Originally created by Michael Porter‚ it is applied for assessing market forces within an industry and developing strategic recommendations. [pic] PORTER’S FIVE FORCES Michael Porter had outlined the following 5 key external market forces: Supplier and Buyer Powers‚ Threat of New Entry‚ Threat of Substitutes and Industry Rivalry. The structured
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The three clusters that I chose are extraversion‚ openness to experience‚ and conscientiousness. Extraversion is really a family of related smaller traits (such as sociability‚ warmth‚ and excitement seeking)‚ all sharing a resemblance to each other‚ but each carving out something of its own identity within the broad family constellation (McAdams‚ p157). Openness to experience involves imagination‚ innovation‚ independence‚ and curiosity. Conscientiousness includes self-discipline‚ responsibility
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Country Effort for SME Cluster Development’ of UNIDO (US/IND/01/193) during 2002-05 JEANS CLUSTER OF BELLARY By: UNIDO Cluster Development Programme November 25‚ 2005 1. Executive Summary Bellary‚ the second important garment cluster in Karnataka is known for its specialization in manufacturing jeans for men‚ although it manufactures formal wear made from cotton‚ gabardines‚ chinos‚ cavalry twill and half pants for boys. The value of the garment output from the cluster is estimated around
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IMPACT OF TEXTILE CLUSTER ON ENVIRONMENT: A CASE STUDY ON TIRUPUR Mr. Mervin Rajkumar‚ Student‚ Thiagarajar School of Management Pamban Swamy Nagar Thiruparankundram‚ Madurai - 625 005 Email: mervinkumar29@gmail.com Dr. Vidya Rajaram Iyer Associate Professor‚ Thiagarajar School of Management Pamban Swamy Nagar Thiruparankundram‚ Madurai - 625 005 Email: vidyarajaram@tsm.ac.in Abstract Tiruppur‚ 50kms from Coimbatore district of Tamil Nadu is one of the examples of home grown natural
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Industrial Clusters in Tianjin Area About Industrial Clusters Nowadays‚ market competition is gradually changing from comptetition between enterprises to competition between value chains and even competition between industrial clusters. The development of industrial clusters is a social process changing from production of Ford type to specialized production. State owned enterprises cooperate with foreign companies‚ together to lower costs and improve market reaction to become world wide
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