LEGO Group Threshold Capabilities Threshold Resources Tangible Intangible Physical Finance HRM Threshold Competence Primary Inbound logistics‚ operations‚ outbound logistics‚ marketing & sales Support/Secondary HRM‚ general administration Unique Capabilities for Competitive Advantage 1) Corporate Function - Strong financial control 2) Management Information - Comprehensive‚ integrated MIS network linked to managerial decision making 3) Research and Development
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2.1 Definition of Cellular/ Mobile Phones The Cellular telephone (commonly "mobile phone" or "cell phone" or "hand phone") is a long-range‚ portable electronic device used for mobile communication. In addition to the standard voice function of a telephone‚ current mobile phones can support many additional services such as SMS for text messaging‚ e mail‚ packet switching for access to the Internet‚ and MMS for sending and receiving photos and video. Most current mobile phones connect to a cellular
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authority or necessary responsibilities within the organization. The sources of power that help a manager be an effective leader include reward power‚ coercive power‚ expert power‚ and referent power. A manager needs to use the power that he or she has in beneficial ways and not abuse it. Reward power: managers need to give or withhold tangible and intangible rewards to their subordinates. Coercive power‚ they need to punish employees when necessary. This would include verbal reprimands‚ reductions
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1) When planning‚ launching and building a venture‚ there are a set of fundamentals that must be covered in any approach. Describe the five phases of the entrepreneurial process framework. A. Idea Generation: Every new venture begins with an idea. In our context‚ we take an idea to be a description of a need or problem of some constituency coupled with a concept of a possible solution. (A characterization of this phase is still work in process on this site.) B. Opportunity Evaluation: This
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Question #1 Extrinsic motivators are tangible rewards such as bonuses and adequate time off. Intrinsic motivators‚ on the other hand‚ are intangible and develop from a person’s internal desire‚ including satisfaction and interests. As a result‚ the main difference is the ability to quantify‚ or measure‚ intrinsic rewards. At KPMG‚ employees acquire leadership and project management skills‚ in addition to the technical skills they develop. Additionally‚ employees are able to go on rotations‚ where
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are collection of attributes to a particular organization‚ the way in the organization apply more effectively than its competitors Resources: there are five categories; human; financial‚ physical; operational and intangible. This resources to analysis we put it in tangible or intangible. " all the resources have competing demands made upon them so that’s if they are used for one form of activity they cannot be used in other ways" Tourism resource‚ are different from other industries in that free
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Alternative #2 Innovation Teams!!! Promoting creativity in the organization could be encouraged by setting up innovation teams. Alternative #3 Reward Creativity!!! I think if the organization has a positive tendency towards encouraging motivating their employees to think out-of-the-box (be creative and innovative)‚ it need to motivate them with some form of rewards Evaluation of alternatives: Alternative#1 A 10% innovation program or policy is to devote 10 % of the employee’s time for creating and sharing
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Starbucks‚ the ubiquitous coffee retailer earned high profit and is forecasted to grow. The resources and capabilities that have provided Starbuck distinctive competencies are its unique business model of making the store as a third place between home and work‚ its ability to own its own stores throughout the world‚ a strong brand name‚ decision making based on the ideas provided by employees‚ for which Starbuck started selling experience through selling ‘third place’‚ superior customer services
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In the academic exercise given‚ I have chosen to discuss the topic Leadership and Communication‚ in which recommendations on how to develop effective interpersonal communication skills will be conferred. According to the Longman Dictionary of Contemporary English‚ the word ‘leadership’ is defined as the quality of being good at leading a group‚ organization‚ country‚ and etc. The word ‘Communication’ as explained by Donald Clark (1997)‚ means the exchange and flow of information and ideas from one
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student to become extraordinary‚ it helps to transform destinies. Success is basically about how you can turn adverse situations in your favor When I look at today society‚ I only see success be measured by superficial things that are not always tangible for everyone. For instance those who are rich‚ beautiful‚ or famous by society standards are always portrayed to be successful. This notion of success says to the rest of the world that if we are not any of those things than we are not successful
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