CHAPTER 5 – STRATEGIC MANAGEMENT Developing Business Strategy Industry: a group of organizations/firms that share similar resource requirements (raw materials‚ labour‚ technology‚ customers). Five-Forces Model – Analyzing External Environment Allows us to systematically assess the industry environment. - The relationships between the five forces determines attractiveness of the industry environment - Used to make strategic decisions that leave the firm in the best position to defends itself
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BENT STEEL My assignment is to choose a medical diagnosis on a standard medical term. Then‚ write a four page essay written in layman’s terms about the diagnosis. I chose ALS. I can give you a definition. ALS is a neurodegenerative disease that affects nerve cells in the brain and spinal cord. I can tell you what the acronym ALS stands for. It stands for amyotrophic lateral sclerosis. I can break the word down‚ in medical terminlogy. (A-/without‚ Myo/muscle‚ -trophic/nourishment lateral/side
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as possible‚ and borrowers would like to pay as little as possible. The interest rate prevailing in the market at any given time reflects the equilibrium between savers and borrowers. INTEREST RATE FUNDAMENTALS The interest rate or required return represents the cost of money. It is the compensation that a supplier of funds expects and a demander of funds must pay. Usually the term interest rate is applied to debt instruments such as bank loans or bonds‚ and the term required return is applied
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DIAGNOSIS Maureen Frye failed to implement the proposed plan to change the call patterns of salespeople responsible for selling extruded titanium products at Quaker Steel and Alloy Corporation. The failure was due to a lack of understanding of the following components: Organization Communication Culture Structure Directives Interpersonal The principle error Maureen made was underestimating how significant company culture could impact decision-making at every responsibility
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Lehigh Steel Background- Lehigh Steel was founded in 1913 and it manufactures specialty steels for high strength‚ high use applications. In 1975 it was acquired by Palmer due to its ownership of Continuous Rolling Mill‚ a specialized equipment that convert steel intermediate shape to wire for Palmer’s bearing. The industry as a whole is highly competitive‚ even a small change in price could alter customers’ consumption decision greatly‚ keeping costs down is therefore‚ one of the most important
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Reading/Video questions for Diamond’s Guns‚ Germs‚ and Steel Prologe “Yali’s Question” 1. What is Yali’s question and why did it motivate Diamond to write this book? Yali’s question was “Why is it that you white people developed so much cargo and brought it to New Guinea but we black people have little cargo of our own?” Jared Diamond wrote this book to answer Yali’s question because he didn’t have an answer when Yali asked him the question. 2. What are other ways that Diamond asks
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redistribution of wealth and fosters a sense of solidarity amongst of ummah. There are two main type of zakat which are zakat on self (zakat fitrah) and zakat on wealth (zakat mal). Based on Malaysian situation‚ practically all eligible muslim pay zakat on self (zakat fitrah). The family head will go to the authorized ‘amil’ or zakat collector during Ramadhan fasting month or not later than the morning of 1stsyawal month before Aidilfitri prayers. As for zakat on wealth‚ the fulfilling of this
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Words are powerless when looked at individually but they have the potential for good or evil‚ when someone who can properly use them to his or her advantage. That is what Nathaniel Hawthorne quote means‚ and I fully agree with him. An example of words being used for evil could be a dictator trying to convince his people that he is best for the country. An example of words being used for good could be a civil rights activist trying to persuade people to get along and to treat everyone with respect
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The pay gap affects women from all backgrounds‚ at all ages‚ and of all levels of education. In the U.S.‚ the gap stands at 64%‚ which means that women earn about two-thirds of what men make for similar work. That’s actually worse than last year‚ when gap was 66%. “The U.S. now ranks 74th in wage equality among 145 countries.” Well according to World Economic Forum‚ in the year 2133 women’s earning will finally match their male coworkers. The World Economic Forum believes it will take another 118
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Fifteen years from now‚ your alarm goes off at 7:30 AM‚ pulling you out of a dead sleep. You roll over‚ grumbling a command‚ and the alarm obediently shuts up. You drift off again‚ but ten minutes later the alarm returns‚ more insistent. It won’t be so easily pacified this time; the loose sensory netting inside your pillow will keep the noise going until it detects alpha waves in drastically higher numbers than theta waves. Or until it gets the automated password from the shower. Sighing‚ you roll
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