* New traffic for budget conscious customers * More sales volume Cons * More needed space to hold product * Less product available because selling product faster * More labor required for replenishment of inventory and store front * More disgruntled employees from sheer volume of customers * High employee turnover from stress Alternative of differentiation Pros * Highlights company strengths and niches * Attract target customers * Higher revenue per transaction
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Broad Differentiation Some important tactics necessary to gain and maintain perceived uniqueness: 1. Developing innovative products/services for broad range of customers Zara creates a “fast fashion” concept which getting designs to customers quickly. It has more style than Gap‚ faster growth than Target‚ and logistical expertise rivaling Wal-Mart. 2. Significant investments in Marketing‚ Technology Development‚ Procurement & Customer Service ZARA takes just two weeks to get a new design
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International Business Strategy Case study ----- Vodafone Group Members: Tao Gu 1461379 Jia Guo 1463305 Yi-Chieh Li 1490606 Chenya Lian 1474013 Yang Li 1429174 Date: 28/04/2015 INTRODUCTION (Yang Li) • • • • • 1. Identify strategic issues--MBV‚ RBV‚ OBV‚ Corporate‚ International (Yang Li ) 2. Identify key strategic issues—Key issue 1. (Chenya Lian) & Key issue 2. (Jia Gu o) 3. Recommendation—1. (Chenya Lian) & 2. (Jia Guo) 4. Action plan—Plan1. (Yi-Chien Li) & Plan2. (Tao Gu) 5. Conclusion(Tao
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How Dell.com uses Information technology and Information systems to support its Operation efficiency and Differentiation strategies? Dell.com is an American multinational computer technology company and one of the largest technological corporations in the world. The company is well known for its innovations in supply chain management‚ particularly its approach of delivering individual computers configured to customer wants and specifications‚ and by selling directly to the customers without going
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Vodafone is a leading international mobile communications company with interests in 27 countries Task 1: P1….. The different business types of ownership‚ including 1 Sole Proprietorships‚ 2 Partnership‚ 3 Corporation‚ and 4 Limited liability companies. The business ownership in Vodafone is corporation‚ A corporation is a legal entity and the ownership called "Shareholder". The number of share in Vodafone is 4.92B. The
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Strategic Management: Vodafone Group YunBai 9th January‚ 2011 Introduction With the exceptional growth of cellular communications since the late 20th century‚ the trickle down impact on other sectors‚ society and economy at large is enormous. Dynamics of communications have strengthened the development of the entire information technology industry‚ enhanced economic growth and allowing better
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ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT VODAFONE Introduction The mobile communications industry is an important sector with European total revenues growing approximately 10 per cent per year and reaching 174 billion in 2010‚ comparable in size to aerospace and larger than pharmaceuticals (GSMA‚ 2011). Markets all over Europe are mature‚ and the operators engage in intense competition for customers. Heavy investments are made in marketing in order to gain new customers‚ whereas few efforts
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CASE 3 – SINGAPORE AIRLINES GROUP IDENTIFY ISSUES 1. Global financial crisis (mid 2007 onwards) - further burdened by the collapse of some of the largest financial institutions in the world. b. As demand for air travel is significantly impacted by income levels‚ customers tend to be more price sensitive during crisis time and will usually opt for budget travel or in some cases will not travel at all. c. Led to reduced demand for travel d. Airline reduced the passenger and cargo capacity
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Introduction In this booklet I am going to be comparing two different businesses; Oxfam and Vodafone. I will be talking about their different aims and objectives‚ the main business activities and their Vision and Mission statements. I will explain the links between these and why a business should have aims and objectives and in the end I will develop SMART aims and objectives for Vodafone. Background of Businesses Oxfam The name Oxfam comes from the Oxford Committee for Famine Relief founded
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DIFFERENTIATION – WHAT and HOW? A few decades ago the world of education was very exercised by the forerunner of differentiation which was called ‘mixed ability teaching’. Then people began to realise it was not just ability that could be “mixed’’ and that teachers had to cope with a plethora of differences: learning style‚ age‚ motivation‚ prior learning and experience‚ gender‚ specific learning difficulties such as dyslexia‚ and so on. Consequently the term ‘mixed ability’ began to be replaced
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