SWOT-Analysis Strengths and Weaknesses To gain a competitive advantage‚ the profit rate of a corporation has to be higher than for the average of the industry. The profit rate is the difference between the value the customers attach to the product and the costs of producing it. It is determined through the performance of the different value creation functions. R&D -Innovative Products Production -high quality of ingredients -40% of total costs are food costs Marketing -Outback has won several
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Mapping the Southeast Asian Telecommunications Service Industry using the Porter’s Five Forces Analysis The telecommunication industry offers a diverse set of products which includes Mobile Voice calling & Messaging‚ Mobile data‚ fixed voice calling‚ fixed broadband‚ satellite & IP TV‚ Mobile money etc. The major players in the Southeast Asian telecom industry (Singtel‚ Axiata‚ Telenor‚ Hutchison etc.) are facing a number of challenges .Emergence of Over The Top (OTT) communication tools poses a
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Porter argues that if a firm is to attain competitive advantage; it must choose between the types of competitive advantage it seeks‚ discuss using an industrial example? An industry can be defined as a group of companies offering products that are closely substituting for each other in order to satisfy customers. Competitive advantage can be defined as when a firm sustains profit which exceeds the company’s average; it automatically possesses competitive advantage over rivals. The business strategy
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Individual Case Assignment 1 I c) The competitor I choose is Sonic Corp.‚ their competitors are 1) Burger King‚ 2) McDonald’s and 3) Whataburger. The first financial ratio calculated was the current ratio. The industry percentage is .93‚ McDonald’s current ratio is 1.14 and Sonic is 1.72. Both companies have ability to pay back their short-term liabilities with their short-term assets. Debt to Equity: McDonald’s: .75‚ Sonic (-172.3) and the industry: 1.00. Sonic’s short-term debt has gone up
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The theories of both Michael Porter and Gary Hamel have changed that way organisations strive for competitive advantage. Their ideas on competitive strategy and management innovation are now seen as essential transformational tools for businesses looking to deliver profitable growth for its stakeholders. Michael E. Porter is a leading authority on competitive strategy‚ the competitiveness and economic development of nations‚ states‚ and regions‚ and the application of competitive principles to
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2. Does Porter fail to explain how the factor and demand conditions that mould a nation’s corporate strategies‚ business structures‚ and industrial clusters are established? What other theories and evidence might assist such an explanation? Porter explains what factor and demand conditions are‚ but he fails to explain how they are established. He defines then‚ and explains them in detail‚ but lack the most important aspect‚ which is how they are established. A theory like this is not of much
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Introduction. The main task of the manager (after setting the goals and the time frames) is to organize the work process‚ in particular to force employees to work. You must somehow motivate them to induce to action. It is clear that the main motivating factor are wages‚ but there are many other factors that cause a person to work with. Motivation is a way to encourage yourself and others to action purposefully to achieve the goal. It is a certain external factor affecting the person and his
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m Motivation Theories By Therese Mac Donald Table of Content Page 3 – Introduction Maslow Page 4- Porter & Lawler Page 5- David Mc Chelland F Hertzberg’s Hackman & Oldham Page 6- Heekhausen’s Theories Vroom Justice S Adams D Atkinson B Skinner Page 7- Conclusion 17 November 2012 Therese Donovan Motivation Theories There are quite a number of modern motivational theories that attempt to identify the key needs and
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Tasha T. Salveron Jobe R. Bonafe 12/11/2010 Victor Vroom: Expectancy Theory Porter & Lawler: Expanded Expectancy Theory A. Victor Vroom: Expectancy Theory Expectancy Theory is a model by Victor Vroom explaining the process of motivation. According to the theory‚ “motivation depends on two things – how much we want something and how likely we think we are to get it”. The theory assumes that behavior results from conscious choices among alternatives and that the individual’s purpose
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they are related to one another. The theories given by Vroom‚ Porter and Lawler‚ equity theory and attribution theory fall in this category. These theories provide a much sounder explanation of work motivations. The expectancy model of Vroom and the extensions and the refinements provided by Porter and Lawler help explain the important cognitive variables and how they relate to one another in the process of work motivation. The Porter Lawler model also gives specific attention to the important relationship
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