CHAPTER 8 ECONOMICS OF STRATEGY: CREATING AND CAPTURING VALUE CHAPTER SUMMARY This chapter is the first of two chapters on strategy. It concentrates on the basic ways firms can create and capture value. Chapter 9 uses game theory to study strategic interactions among a small number of identifiable rival firms. Chapter 8 presents a framework for discussing how firms create value. It also discusses the conditions under which a firm can capture value (either by having market power or‚ in certain
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Record: 1 Title: What Is Strategy? Authors: Porter‚ Michael E.1 Source: Harvard Business Review; Nov/Dec96‚ Vol. 74 Issue 6‚ p61-78‚ 18p‚ 1 Black and White Photograph‚ 3 Diagrams‚ 1 Graph Document Type: Article Subject Terms: *STRATEGIC planning *ORGANIZATIONAL effectiveness *MARKET positioning *COMPETITION *BUSINESS planning *INDUSTRIAL management *ORGANIZATIONAL
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Strategies exist at a number of levels in an organisation. Taking Yahoo! again as an example‚ it is possible to distinguish at least three different levels of strategy. The top level is corporate-level strategy‚ concerned with the overall scope of an organisation and how value will be added to the different parts (business units) of the organisation. This could include issues of geographical coverage‚ diversity of products/services or business units‚ and how resources are to be allocated between
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Pantene’s customized hair care products are based on unique hair structure for beautiful results. For example Color revival is designed to help give color-treated hair a new protective outer layer‚ leaving hair shiny and vibrant. As you can see Pantene by using the line extension approach find the gap in Market and provide different variety of shampoo for different hair style and needs and also deliver the value to customer. For females ages 25-35‚ Pantene Pro-V is the product of hair care that
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success of Toyota is associated with its most proficient market strategy. The case of Toyota notably proves that how important is market strategy in the life of a company to be a market leader. Toyota Company has so many successes in its production history. Toyota even in Japan and in worldwide is one of most important and successful multinational companies. One of the most important reasons for success of a company is its marketing strategy. In continue I will try to peruse Toyota’s success reasons
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OPEN UNIVERSITY BYW301- MAKING SENSE OF STRATEGY PART ONE PAGE Contributions on Activity 1.2 Tgf Discussion 1-3 PART TWO Criticall Assessment of Mintzberg`s 5P`s of Strategy to Mahindra and Mahindra Case Study ‘SUVvival of the fittest’ 3 - 7 REFERNCES 7 PART ONE INTRODUCTION STRATEGY A company strategy is management`s action plan for running the business and conducting operations. (Thompson et al‚ 2007‚ p.3). Strategy is a plan-sort of consciously intended course of action
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FORMULATING STRATEGIES: Corporate level Multi-business corporations have to consciously decide as to what lines of businesses they would like to be in. If‚ at the same time‚ they are Multi-national corporations then they have to also decide which countries they would like to do business in. These decisions are of crucial importance which have a direct bearing on the fortunes of the enterprise and are made at the Corporate level. Corporate level Strategies PORTFOLIO STRATEGY The firm decides
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• Product (or service) management includes a wide range of management activities‚ ranging from – the time that there’s a new idea for a product – to eventually providing ongoing support to customers who have purchased the new product. Product strategy Product management and its role in company management Lecture 1 • Every organization conducts product management‚ whether it’s done intentionally or unintentionally. Product related decision proces as content of scientific interest In literature
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Lecture 1: Microeconomics and Biz Strategy References: Pindyck&Rubinfeld. Chap.1 What are the firm’s important functions and strategies ? 1. Selling need to know consumers purchasing behavior for example‚ what if the price increases: price elasticity of demand marketing/product positioning strategies Topics 3-5 lectures 2. Production Supply function/producers output decision how to produce? Firms output decision: Short run vs LR For example‚ should the firm continue producing
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Chapter 9 Layout Strategies Learning Objectives When you complete this chapter‚ you should be able to: 1. Discuss important issues in office layout 2. Define the objectives of retail layout 3. Discuss modern warehouse management and terms such as ASRS‚ cross-docking‚ and random stocking 4. Identify when fixed-position layouts are appropriate © 2011 Pearson Education‚ Inc. publishing as Prentice Hall 9-1 Learning Objectives When you complete this chapter‚ you should be able to: 5. Explain
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