Sonia’s smoothies 1) Nick calculated that of 200 customers who completed the questionnaire at the rock festival‚ the mean age was 23. The age distribution conformed to a curve of normal distribution with a standard deviation of 5. Calculate the number of customers aged 33 and over who featured in Sonia’s survey (33-23)÷5 = 2 2% of 200= 4 Answer= 4 2) With reference to the report on the UK smoothie market (appendix 2) analyse two limitations of using secondary sources as the
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Porter’s 5 Forces: Computer Industry Threat of New Entrants: Medium With the standardization of most of the computer components‚ it becomes easy for customers to change their laptops. This leads to a moderate customer switching cost. The availability of direct-to-customer service and retailers‚ it becomes easy for customers to find their desired product as well as for companies to provide their products in less time and with reduced cost. If any new player wants to enter into the market‚ there is
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transformational leader as a leader who understands the situation and uses his skills to inspire people and solves the problem. These two types are almost closely related. Generic Vs Exceptional Issues: According to Drucker there are two types of decision makings‚ they are generic and Exceptional. Generic decisions are the day to day regular decisions where as the Exceptional are the unexceptional situations such as natural disasters or unexpected occasions. First case
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developed such as: 1. Threat of new entrants. In every industry there are problems for companies to face such as the entry of new competitor in the same industry. This is because it can lessen the market share of the company. These new companies use different approaches to attract the customers like they might offer cheap rates as compared to the well reputed brands for the same standard of product to break their customer opinions and to increase their own sales. Usually new entrants offer cheaper products
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produce inputs which are important for innovation and internationalization. These industries provide cost-effective inputs‚ but they also participate in the upgrading process‚ thus stimulating other companies in the chain to innovate. * Firm strategy‚ structure and rivalry constitute the fourth determinant of competitiveness. The way in which companies are created‚ set goals and are managed is important for success. But the presence of intense rivalry in the home base is also important; it creates
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such analysis is undertaken regularly to ensure it reflects the current situation. We will now consider each of the forces in turn. • Rivalry among existing firms in the market There is considerable rivalry in the airline industry between new and more established businesses. Competition is strong between the budget providers‚ but is also an important force between easyJet and larger “flag carriers” such as Air France and Lufthansa on short haul routes (where price may be more critical)
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This paper will look at Ridley Scott’s use of distinctive characteristics from both science fiction and film noir‚ in the multi-generic film Blade Runner. In order to do this‚ we must first establish what the main characteristics are for film noir and science fiction respectively. These can be divided into visual style‚ structure and narrational devices‚ plots‚ characters and settings and finally worldview‚ morality and tone. The reason why it is important to know these genres‚ is because genre
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Apple and the Five Forces Model Companies use Porter’s model to develop strategies to increase their competitive edge. Porters model also demonstrates how IT can make a company more competitive. Porters’s model identifies five major forces that can endanger or enhance a company’s position in a given industry. The five forces in the model include: 1) Threat of entry of new competitors: Apple essentially dominates the consumer electronics industry. Apple puts a huge effort into R&D. Each and every
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A balance score card is a strategic planning and management system used extensively in business and by organizations worldwide. Benefits of the system include increasing focus on results‚ aligning business activities with organization strategy and improving performance and communications. It Was first published in 1992 by Kaplan and Norton‚ a book followed in 1996. The Traditional performance measurements that only focus on external accounting data were obsolete so this approach is to provide ’balance’
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for work-life balance I Executive Summary This literature review reviews the international and New Zealand literature on the business case for adopting work-life balance policies. The business case is established by weighing up the costs and benefits of introducing work-life balance policies and determining if the net impact is positive. In New Zealand‚ the EEO Trust’s Work & Life Awards highlight a number of strong case studies for the business benefits of work-life balance policies. Both
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