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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UNIT 17. MARKETING INTELLIGENCE Lewisham Southwark College Canteen and Students Decision Task 1 It is the cafeteria manager’s goal to get inside the head of the students. It needs to be figured out how the students make decisions and how the manager can get them to make a decision to purchase the cafeterias’ products. There are 5 steps in a consumer decision making process: Problem Recognition Most decision making starts with some sort of problem. The students develops a need or a want that they
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PORTER ’S VALUE CHAIN ANALYSIS The porter’s value chain is a model that helps to analyze specific activities through which firms can create value and competitive advantage. There are two activities in value chain which are: Primary activity – directly concern with creating and delivering a product. Support activities – not directly involved in production‚ may increase effectiveness or efficiency. PRIMARY ACTIVITIES | DESCRIPTION | Inbound Logistic | * Concerned with receiving
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Generic Communication Plan Albert Guerra‚ Brandon Boze‚ Dennis Truman Tim Lane‚ Virginia Barber BUS/475 May 5‚ 2011 Miriam Dozier Generic Communication Plan Communication Plan Goal I. Develop an objective for the organization - Service or Product A. Define and describe the mission statement B. Define and describe the vision statement C. Define and describe the organizational values II. Strategic Plan A. Explain the short- and long-term objectives B. Conduct a SWOTT analysis and
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types of hoteliers in current market conditions in light of Porter’s theories. Now‚ more than ever‚ Porter’s well regarded thoughts on business strategy and the Internet‚ first published in 2001‚ are crucial to consider and they contribute to an analysis and critique of the hotel industry’s internet strategy. In his Harvard Business Review article of 2001 Porter said “To find the answer we need to look beyond the immediate market signals to the two fundamental factors that determine profitability: Industry
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Author’s Name Institutional Affiliation Abstract Strategies are the foundation for driving the direction of any business company. Successful business growths and maintenance of market lead is as a result of implementing the best strategies properly. A number of strategy categories exist and a business organization should implement those that fit the nature of its business. This paper analyses several important business strategies through making a choice in each category that should be implemented
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Strategy‚ Management and Leadership Individual Report 1 Business-level Strategy of Nestle Nestle is an international brand with a portfolio in almost every food and beverage category. The brand is consumed daily by a majority of people‚ from its confectionary to it dairy brands and on to it’s beverages. With around 8000 brands it is hard to stay away from them. The company shows it’s size when figures such as 468 factories spread over 86 countries are some statistics‚ with the company employing
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Porter Analysis “Starbucks Case” I. Threats of Competitors Now a day‚ Starbucks is very well known in the market‚ so with this competitors are arising rampantly. Small coffee retail outlets are growing rapidly in America and it seems to be multiplying. Based on the study of the Ivey Management‚ there are more than 3485 competitors in the market. All are coffee retailing or even café or with carts. In US‚ they have low barrier to entry in the retail specialty coffee market. This has resulted
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Porter Five Forces – Degree of Competition The UK banking industry is made up of three distinct types of competition which include the following (OFT‚ 2010): · Retail banks - Accept deposits and use these funds to make loans as well as offering other financial products to consumers and firms. Lloyds Banking Group‚ Virgin Money‚ Metro Bank‚ · Universal banks which not only offer retail banking services but also offer wholesale and investment banking services. For example: Barclays‚ HSBC
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MARKETING PLAN For McDonald’s By: Ali Shaafy‚ Zomin Yazeed & Azima Ahmed Situational Analysis PESTEL Analysis: Political Factor: Generally‚ McDonalds are affected by government policy on the regulations of Fast Food Company such as health and hygiene policy. Government realized health problem have been a big concern for everyone‚ people are having diseases such as cardiovascular and cholesterol because they are eating too much fast food. Furthermore‚ hygiene policy also is a big concern
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