Dram shop laws are instituted for all places which serve alcoholic beverages including restaurants‚ taverns and bars. An employee of these establishments may not serve alcohol to minors or those ‘visibly intoxicated’. If the person which consumed the beverage leaves the establishment‚ gets in an accident or causes bodily harm to another person‚ the establishment and the server may be held liable for damages. However‚ this should not be the case. Those who were intoxicated and caused the accident
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Differentiation is a strategy that creates product that is unique among firms in the same industry in an important way. A differentiator achieved competitive advantage easily upon the ability in providing distinctive products to its customers that satisfy their needs in a way that is different from its competitors (Hill and Jones‚ 2004‚ p160.).This allows the differentiator to charge on premium price for its products. Unlike cost leaders performing cost reduction‚ differentiators manage to increase
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differentiation 1. The similarity of the turning points and the points of inflexion is both of them can be stationary point‚ but not all the stationary points are turning points or points of inflexion. A turning point is a point which is the point of the sign of the derivative changes. And the turning points are the local maximum and minimum where the derivative of the function changes from positive to negative or from negative to positive. When the shape of the function is smooth‚ the turning
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There is not one single thing that makes Samsung a formidable power in the technology industry but many strategies‚ ideas‚ and innovative technology to give them a sustainable advantage over competitors. Over years‚ Samsung went from a near-bankrupt company to a leading brand in chip and computing technology. Their scale of new products‚ including PDA’s‚ cell phones‚ high quality TVs‚ mp3 players‚ and other computer-based products‚ along with the scale of customers and newly hired young talent in
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Samsung Electronics Case A.) Samsung has a competitive advantage‚ which grew from its focus on the quality of its memory chips. The company’s early insistence on creating quality goods and constantly improving the production process allowed it to gain the largest market share among competitors. Samsung was able to build reliable products because its management fostered a culture that emphasized quality in the production process. The company reinforced this culture with an incentive program that
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The new Samsung Strategy and Innovation Center headquartered on Sand Hill Road in Menlo Park and with offices in Korea and Israel is led by Young Sohn‚ President and Chief Strategy Officer of Device Solutions‚ Samsung Electronics. "We see tremendous opportunities and transformations over the next five years driven by Big Data centered around mobility‚ cloud‚ and the Internet of Things‚ and Samsung will be a significant part of this revolution‚" said Sohn. "This is an exciting opportunity for us to
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2. We now turn to the future. Articulate three alternative strategies for Samsung going forward‚ i.e.‚ state which products/markets and which competitive advantages Samsung should emphasize‚ with particular emphasis on the threat from China. Compare and contrast these strategies‚ and choose one as a strategic recommendation. After thoroughly analyzing all the data we consider three strategies that Samsung could take in order to face the increasing Chinese competition are: • Partner with a Chinese
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reactions to the changes produced by innovation‚ and (3) the elements of an adaptive society. The Cogan and Burgelman (2004) case‚ “Intel Corporation: The DRAM Decision”‚ paired with the aforementioned reading‚ recounts Intel’s encounter with technological change and how they came to exemplify the idea of an adaptive society. Discussion DRAM Decision Throughout its history‚ Intel has centered its strategy on the tenets of technological leadership and innovation (Burgelman‚ 1994). Intel
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December 8th‚ 2011 Dram Shop Act in the United States: Is It Fair? Liquor has been around since the beginning of recorded history‚ possibly before then. It has evolved from drinking “spirits” as they are referred to from Biblical times and used for medicinal purposes to establishments of today distributing and selling them. Liquor stores‚ bars‚ restaurants‚ gas stations‚ sports arenas‚ concert halls‚ and wineries are all places where one can purchase alcohol. Dram Shop laws are unfair
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You are the secretary of the Environment Club in school. You have been asked to write an article on the effects of air pollution and suggest ways of solving the problem for your school bulletin. Use the notes given below to write your article. Effects of the air pollution: • deteriorating air quality • health hazards – lung diseases and skin irritations • acid rain – affects agriculture and wildlife Measures to overcome air pollution:
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