COMPETITIVE ADVANTAGE: CREATING AND SUSTAINING SUPERIOR PERFORMANCE Michael Porter Contents Introduction Chapter 1: Competitive Strategy: The Core Concepts 3 The Structural Analysis of Industries 4 Industry Structure and Buyer Needs 6 Generic Competitive Strategies 7 Cost Leadership 8 Differentiation 9 Focus 9 Stuck In The Middle 10 Sustainability 12 RISKS OF COST LEADERSHIP 12 RISKS 12 OF DIFFERENTIATION 12 RISKS 12 OF 12 FOCUS 12 Generic Strategies and Industry
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History The first recorded successful appendectomy was in 1735 when French surgeon Claudius Aymand described the presence of a perforated appendix within the hernial sac of an 11-year-old boy who had undergone successful herniotomy. The operation was performed on December 6‚ 1735‚ at St. George’s Hospital in London. The organ had apparently been perforated by a pin that the boy had swallowed. The patient‚ Hanvil Andersen‚ made a spectacular recovery and was discharged a month later.[1] There have
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Covering makes individuals similar and appropriate identity for the related situations while flaunting emphasizes individual’s uniqueness that is essential for individuals’ characteristics and self-esteem. Amy Chua‚ in her essay “Why Chinese Mothers are Superior”‚ insists her successful Chinese parenting ideas that are considered to be tough and indifferent to children’s development by the western culture. Kenji Yoshino‚
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The media is too irascible of Amy Chua’s parenting methods. Chua’s article ‘Why Chinese Mothers Are Superior’‚ for the Wall Street Journal‚ sparked an uproar of harsh criticism from irate Western parents who are too ignorant and judgemental to comprehend the true value of the parenting ideologies Chua espouses. She has been given highly critical names since the publication of her article‚ from ‘a wimp’ to ‘the world’s most hated woman’. Asian parents like Chua are renowned not only for attempting
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Case Study Harnswell Sewing Machine Company IME 460 Case Study 2 Phase 1 Introduction Harnswell Sewing Machine Company is dedicated to the manufacture of industrial sewing machines‚ has an experience of over 50 years in the market‚ this factory is specialized in the manufacture of automatic machines engaged in the manufacture of shoes‚ accessories and belts security. Natalie York is the manager of operations management
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AIM: TO FIND OUT THE RELATION BETWEEN THE GROWTH RATE OF THE INDIAN ECONOMY A ND SUSTAINED SAVINGS AND INVESTMENT INTRODUCTION: No upper limit can be fixed for the growth rate of a country. An upper limit can be thought of only in the sense that depending upon the availability of resources and other determinants of economic growth at a point of time a country cannot manage to grow faster than a certain rate. But there can be a lower limit of rate of growth. If the growth rate of GDP is below
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Internal Alignment is the set of strategies‚ policies and systems laid by an organization. They are also the relationship between jobs‚ skills and competencies in the organization. On the hand‚ external competitiveness refers to how an organization pays for jobs in relation to its competitors. For example‚ Adidas pays its employees in relation to Nike’s pay to its employees. The organization sets its pay limits with respect to the lower limit pay rate and upper limit pay rate (Hill &Irwin‚ 11).
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Consistent effects of productivity and disturbance on diversity between landscapes By Jonathan Tonkin and Russell Death INTRODUCTION Nowadays‚ ecologists are trying to formulate various models to explain diversity patterns because there are lots of factors that can influence diversity but there is a little progress pertaining to this concern. In terms of lotic systems’ diversity‚ there has been a minute support for any of the major diversity models. Consequently‚ it was found that productivity
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Solution to Homework #3 4. a. Y 10 8 6 Optimal Solution X = 2.5‚ Y = 2.5 4 8 (2 2 .5) +1 2 (2 2 .5) =5 0 4 X 6 8 10 b. The value of the optimal solution to the revised problem is 8(2.5) + 12(2.5) = 50. Compared to the original problem‚ the value of the optimal solution has increased by 50 48 = 2. Thus‚ the dual value is 2. c. The right-hand side range for constraint 1 is 5 to 11. As long as the right-hand side stays within this range‚ the dual value of 2 is applicable. Since increasing
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MANAGERIAL REPORT - Assignment 1: - Bangalore Textile Company : Bangalore textile company has in it’s a possession a plant capable of producing 6 types of suit materials . this production is currently realized by using a total of 40 machines divided in two categories ‚ which are regular machines and super machines . the regular machines can only afford the manufacturing of materials types 1 ; 2 and 3 while the super machine are more flexible because they generate all 6 material types . knowing
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