demand‚ which dominates the classical teorier3 (red ocean). Strategic Developments in Blue Ocean Strategy is focused on making it cheaper and better. Normally is firm theoretical and practical need to make a choice between these two factors. Michael E. Porter describes particular in his book Competitive Strategy - Techniques for Analyzing Industries and competitor‚ it’s about the company is either highly differentiated or have a low pris.4 Blue Ocean Strategy’s thinking is to remove cost value barrier
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The process one would follow to analyze the key business activities that would sustain a competitive advantage for the given company XYZ‚ would be Porter ’s Five Force Model. The Five Force model gives focus to the external environment of the organization. It reveals the source of competition in an industry‚ and the external influence‚ including the threats and opportunities that an organization has to face in order to gain a competitive advantage. The Value chain on the other hand‚ focuses on the
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this purpose‚ Porter identified a range of interrelated generic activities common to a wide range of firms. The resulting model is known as the value chain. According to Porter (1985)‚ " Competitive Advantage arises out of the way firms organise and arrange discrete activities". Through using the Value Chain‚ the activities performed by a firm competing in a particular industry can be grouped into categories as shown in the model below: Upstream Activities Downstream Activities Porter distinguishes
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A Critical Review of Peters‚ JW & Williams‚ LD 2012‚ ‘The Origin of Life: Look Up and Look Down’‚ Astrobiology‚ vol. 12‚ no. 11‚ pp. 1087-1092. The origin of life has always been one of the most attractive features in philosophy and science. Moreover‚ it can examine our knowledge of biological‚ geological and chemical principles. This review aims to provide information about consideration of the origin of life. The study reveals that the origin of life can be accomplished in both approaches
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Michelangelo Buonarroti is one of the most well-known artists in history with many famous paintings that show his talent. He was born on March 6‚ 1475 in Caprese‚ Tuscany between four and five in the morning. He was the second of five boys to Ludovico di Buonarotto Simoni and Francesca Neri. His mother was too ill and frail to take care of him so he was placed with someone called a “wet mother”. This woman nursed Michelangelo and took care of him in ways that his own mother was unable to do. At
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Easter Rising[edit] The struggle for Home Rule‚ along with labour unrest‚ had led to the formation in 1913 of two major nationalist paramilitaries responsible for the Easter Rising: The Irish Citizen Army was established by James Connolly and labour unions‚ to protect strikers from violence during the 1913 Lockout. The Irish Volunteers were created in the same year‚ by the IRB and other nationalists‚ in response to the formation of the Ulster Volunteers‚ a loyalist body pledged to oppose Home
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Copying your spreadsheet from Excel to your Word Report Document Appendix Tidy the spreadsheet for copying To draw Borders Highlight sheet > Home > Font > Borders icon > All borders Rounding the numbers Home > Number > Increase/decrease decimal icon. Round Seasonally Adjusted Data and Forecast sensibly. Round others to 3 dp Adjusting Column widths Adjust column widths so unused space is minimised. Click and drag line between columns (or double click the line) If long headings are making
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E-commerce is a term commonly used to refer to electronic commerce. Electronic commerce refers to trade that is done via electronic media. More specifically it refers to buying and selling of products and services majorly on the internet or using electronic systems. E-commerce is majorly looked at as focusing on the sales aspect of a business. However it may sometimes include other aspects of business such as data and information exchange to facilitate trade. When this exchange takes place via electronic
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Porter 5 forces analysis Bargaining power of Customer: Buyer concentration to firm concentration ratio: Bank industry is a high buyer concentration industry‚ many people use bank service‚ such as deposit money‚ mortgage‚ loan‚ investment‚ insurance and currency exchange (HIGH). The concentration ratio of international bank industry is medium‚ many large bank exist in the world‚ such as Standard Chartered‚ CitiBank‚ HSBC‚ Fortis‚ and Deutsche Bank (Medium). Buyer information availability (HIGH):
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Fairfield Porter (1907-1975) was an American painter and art critic who studied socially relevant art and produced realist artwork during the majority of his career. Wanting to depict the “authentically lived experience” in each of his paintings‚ he painted in a representational style during the height of the Abstract Expressionism’s dominance. He did not find much inspiration to construct pieces stemming from abstract ideology. An example of Porter’s natural yet highly objective style of painting
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