Michael Porter’s Value Chain History of Value Chain • Popularized by Michael Porter’s book best seller “Competitive • • Advantage” 1985 Creator of “5 Forces model” Helped Gereffi in the late 1990s develop Global Value Chain. Michael Porter’s Background • Born May 23‚ 1947 in Ann Arbor‚ Michigan • Received MBA in 1971 Harvard Business School • Competition and company strategy • 6 time winner of the McKinsey Award Value • The Value is the extent to which a good or service is perceived by
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that wants to succeed needs to have a well-defined strategy. We at Nestle believe in this philosophy and in this short presentation‚ I will help you understand exactly what a competitive strategy is and what it entails. My presentation is based solely on the ideas of strategy guru Michael Porter as represented in his 1996 article “What is strategy?” In determining what a strategy is‚ it is important to differentiate between competitive strategy and operational effectiveness. Whereas operational
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Both the marking system and the grading system have their pros and cons. Whereas marks help students identify their exact scores‚ grades place students in predefined categories such as A and B. Under the marking system‚ even if two students are of similar calibre‚ one can ace out the other by a fraction of a point. This level of assessment encourages competitiveness. To score that one extra mark‚ students devote more time to study and pay attention to detail. The positive side-effect of this is
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COMPANT OVERVIEW Marks and Spencer is an international multi-channel retailer that has been running for 129 years. It now operates in “over 50 territories worldwide” and employs “almost 82‚000 people”‚ (Marks and Spencer plc‚ 2013). It’s dependence on its origin country; the UK is progressively being reduced due to its international focus. M&S’ UK turnover consists of 54% food and 46% general merchandise‚ including home ware‚ clothing‚ lingerie etc. It is currently growing its e-commerce and has
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Many societies throughout history have had their own distinctive concepts and standards of what is and is not deemed attractive‚ especially when it comes to the physical appearance of one’s self. Judging your own appearance is an inescapable human trait and the way different societies have portrayed the ‘ideal’ individual’s appearance has in fact influenced and altered our appearance. Lisa Kramer‚ Auguste Toulmouche and Pablo Picasso all used the mirror to symbolize a reflection to which figures
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54741 Vanessa Pacheco | 54753 2012/2013 GEB1 Operations Management I 1 Operations Management I Index 1. Introduction 3 2. Development 4 2.1. History 4 2.2. Marks & Spencer pre reorganization 4 2.2.1. Crisis 2.3. Marks & Spencer after reorganization 5 6 2.3.1. Strategy changes 6 2.3.2. Brand 8 2.3.2.1. The Perfect and Classic Collection 8 2.3.2.2. The Autograph 8 2.3.2.3. per una 8 2.4. Order winners and qualifiers 2.5. Logistics
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to shave it off. For the viewer surprise Kramer enters the door with a moustache. Soon Kramer realizes‚ Jerry and George have shave theirs and Kramer decides to do the same. After shaving Kramer experiences discomfort and looks for a better shaving cream. Unfortunately‚ his judgement is poorly and Kramer decides to shave with butter. The viewer gets disappointed‚ however it causes them laughter. since Disappointment is laughing at the unexpected (). Kramer makes it seem as something normal‚ making
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Michael Porter is a Professor of HBS . He established that A firm’s relative position within its industry determines whether a firm’s profitability is above or below the industry average. The fundamental basis of above average profitability in the long run is sustainable competitive advantage. There are two basic types of competitive advantage a firm can possess: low cost or differentiation. The two basic types of competitive advantage combined with the scope of activities for which a firm seeks
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Kramer v Kramer is a movie filled with opportunities for choosing sides. But what actually matters in this movie isn’t who’s right or wrong‚ but if all the characters involved are able to behave according to their own better nature. It starts of by showing a marriage filled with unhappiness and ego and ends with two single people who have both learned important things. There is a child caught in the middle but this isn’t a movie about the plight of the kid but about the dilemma of the parents. Usually
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A critical discussion of marketing to the bottom of the pyramid The bottom of the pyramid refers to the 4 billion poorest people in the world who live on less than R25 a day and refers mainly to India and Africa which have the highest levels of poverty in the world. The BOTP can’t access global markets so have to pay more for products and services. Big companies don’t view them as a viable market- infact this group actually represents the biggest market in the world if companies can offer affordable
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