Porter’s Five Forces Analysis on Indian Retail Industry An analysis of the structure of the industry should be undertaken in order to find effective sources of competitive advantage (Porter‚ 1985). Therefore‚ in order to analyse the competitive environment of Tesco‚ Porter’s five forces analysis has been used by the researcher as follows: Threat of substitute products and services The threat of substitutes in the grocery retail market is considerably low for food items and medium to high for
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Compiling all the cultures that surround us in our daily lives may be overwhelming and difficult to understand each and every individual as a social worker. Especially when examining a child’s life course experiences and overall development‚ as a result‚ cohort differences based on the culture‚ social class‚ and individual agency (pg.386). However‚ through comprehensive research‚ we can identify similar structures and disparities within families that correlate with the same culture and/or social
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A Porter’s Five Forces Analysis explores five principal industry factors to determine the attractive of a given industry in a given market. In this P5F exercise‚ we look at the automobile industry in India. This is independent of any manufacturer. As such‚ it applies to every Indian car manufacturer. In any P5F analysis‚ one must examine the following: 1. The threat of new entrants 2. The bargaining power of buyers/customers 3. The threat of substitute products 4. The amount of bargaining
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The article focused on demographic change as a major global force shaping the world economy. In a similar article published by SHRM in 2008‚ Workplace Forecast‚ the predictions hold true with key demographic trends such as: 1) the aging population‚ 2) retirement of large numbers of Baby Boomers‚ 3) generational issues‚ and 4) a greater demand for work/life balance (Society for Human Resource Management‚ 2008). Moreover‚ issues of increased retirement
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Associate Level Material Six Dimensions of Health Worksheet Part 1 For each of the following six dimensions of health‚ list at least one characteristic‚ activity‚ belief‚ or attitude that reflects that dimension in your life. Provide a brief explanation with each example. Refer to Ch. 1 in the text for explanations of these dimensions. Physical health: Exercising – It allows me to stay in shape‚ so that I may be able to have to have the energy to perform normal every day activities.
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Definitions of the dimensions of health Humans have been around for many centuries. In this century‚ we are growing more aware of the negative effects illness and stress have on the human body. We are also becoming aware of the necessary steps needed to be healthy and accomplish a longer life span. With the ever-growing number of diseases around the human population‚ it is imperative that humans realize the importance of being healthy. People believe health is attained by just eating healthy foods
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Trompenaars’s Dimensions Universalism vs. Particularism Universalism is the belief in: rules or laws that can be applied to everyone; agreements and contracts are used as the basis for doing business; rules are used to determine what is right; contracts should not be altered. Particularism is the belief in: placing emphasis on friendships and looking at the situation to determine what is right or ethically acceptable deals are made based upon friendships; agreements are changeable;
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Trompenaars and Hamden Turner classified cultures along a mix of behavioral and value patterns. Their research focuses on the cultural dimensions of business executives. 1. Universalism vs. Particularism (What is more important‚ rules or relationships?) Universalistic Countries: focus more on formal rules than relationships; believe that their ideas and practices can be applied worldwide without modification (Germany‚ UK‚ US) Particularistic countries: more emphasis on relationships than rules
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Dimensions of Religions Religion involves some acknowledgement of the supernatural. Therefore: communism/utilitarianism are NOT religions Various dimensions of religious beliefs -Agentic VS. Communal -Agentic: free agent. -Connection with God on a personal level -e.g. Jesus died for MY sins -Communal -Connection with God on a community level -e.g. Covenant made by God with the Israelites -Catholicism: relatively communal -Catholics have agentic aspects because of the personal connection
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Reflect cultural awareness in work practice Contents Demonstrate awareness of culture as a factor in all human behaviour by using culturally appropriate work practicesUse work practices that create a culturally and psychologically safe environment for all personsReview and modify work practices in consultation with people from diverse backgrounds People who identify with a particular culture have a lot of things in common‚ eg food‚ traditional costumes‚ music and so on. However‚ there are also
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