firms compete Chapter Objectives • Introduce the concept of operations strategy and its various components‚ and show how it relates to the overall business strategy of the firm. • Illustrate how operations strategy pertains to adding value for the customer. • Identify the different ways in which operations strategy can provide an organization with a competitive advantage. • Introduce the concept of trade-offs between different strategies and the need for a firm to align
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Chapter 10: Vertical boundaries Chapter 10: Vertical boundaries Aim of the chapter To understand the factors that influence the ways in which transactions on a vertical chain (value chain) should be/are located on the market–organisation continuum. Learning objectives On completion of this chapter and the essential reading‚ you should have a good understanding of the following terms and concepts: • transaction cost economics • strategic calculation. Essential reading Buchanan‚ D. and
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types of mergers which these companies must consider horizontal‚ vertical‚ and conglomeration. A horizontal merger occurs when two companies from the same industry consolidate their assets and eliminate competition allow them to reach potential higher gain within market. Vertical mergers occur when two or more companies operating at different levels are producing goods or services for a particular industry. The goal
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Key Concept K C t • construct control charts so that we can monitor important features of data over time whether some process is statistically stable (or within statistical control). 4 • use such charts to determine h h t t d t i DRZ CONSULTANT Key Concept K C t A common goal of many different methods of quality control is to Reduce variation in a product or a service. service DRZ CONSULTANT 5 SPC - A Funnel for Quality Q y Material Input with Variation MEASURE
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Vertical Advantages Vertical organizations provide clear lines of authority and a tight span of control‚ which can lead to high operating efficiency. In general‚ the organization is comprised of relatively small departments‚ allowing managers to closely monitor and control the activities of their subordinates. Each layer of the organization reports to the one directly above it‚ all the way up the chain to top management‚ and each layer has its own clearly defined functions and responsibilities. Employees
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Chapter 6 Vertical integration Definition: Corporate Strategy is a firms theory of how to gain a competitive advantage by operating in several businesses simultaneously. Value chain is a set of activities that must be accomplished to bring a product or service from raw material to the point that it can be sold to a final customer Vertical integration is simply the number of steps in this value chain that a firm accomplishes within its boundaries. - Backward vertical integration= a firm
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Whether the debit-balance account “Cash Discounts” in the Statement of Comprehensive Income should be treated the same way as the “Trade Discounts” account. Background and pertinent facts: Trade discount is allowed by the supplier of the goods to the purchaser when he buys from the supplier in bulk quantities. The purchaser is accountable for the invoice price which is the list price less the trade discount. Whereas‚ cash discount (also known as sales discount) is a decrease granted by supplier from
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Scroll bar Things you can do with Bezier Tool 1. Trace Bitmap 2. Draw curves 3. Edit Bezier Pen Tool - A variation of Bezier Tool - Used to draw straight lines and curves - Lines and curves are always visible *Shift – new lines are constrained to specific angles *Ctrl or Alt – used to switch to edit mode Polyline Tool – used to create lines that combine straight and freehand tool styles. 3-point curve – lets you draw a curve by defining the start‚ end and center point. Complex Shapes
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accepted and often asked why I had to be like this. But as I have matured‚ I have realised that God made me as unique as each and every one of you. I have learned that what others think of you is not nearly as meaningful as what you think of yourself and that it is better to be hated for who you
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