Explain the strategies for competitive advantage. The challenge for a marketing strategy is to find a way of achieving a sustainable competitive advantage over the other competing products and firms in a market. A competitive advantage is an advantage over competitors gained by offering consumers greater value‚ either by means of lower prices or by providing greater benefits and service that justifies higher prices. Porter suggested four "generic" business strategies that could be adopted in order
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Evaluate to what extent expectancy theory and equity theory can explain motivation at work. Motivation can be defined as a set of reasons which regulates ones behaviour. As observed the success of any organization depends largely on employee motivation. Motivated workforce leads to reduced absenteeism‚ staff turnover‚ greater efficiency leading to higher productivity. Various motivation theories by social scientists can be classified into process and content theories. Content theories concentrate
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What are the advantages and disadvantages of social media? Advantages are: You can deliver improved customer service and respond effectively to feedback customers you have connected with. You also have worldwide connectivity which helps one find romance‚ see-king a new job‚ or locating assistance. Real-time information sharing which mean you can exchange information in real-time via a chat. This is a good feature because teachers can use this to use to facilitate classroom discussions. The advantages
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Indian tea industry: A SWOT analysis Strong domestic market Monojit Dasgupta With tea prices rising‚ the tea industry is on the upswing again after several years and the expectation is that the trend will persist. But the industry is not without its challenges. The following is the SWOT analysis. Strengths The diverse agro-climatic conditions prevailing in the tea growing areas of India lend themselves to the production of a wide range of teas – black‚ (CTC‚ orthodox)‚ green teas and organic
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How does Tony Lumpkin fit into the comedy genre of Lord of Misrule In Oliver Goldsmith’s ‘She Stoops to Conquer’ follows the structure of a traditional Shakespearean comedy beginning with a sense of harmony which progressing into disorder and misunderstanding‚ finally resulting in a resolution of all the problems which occurred in the play. The root of the chaos in the play is orchestrated by Tony Lumpkin‚ Mr Hardcastle’s step son. In the late medieval and early Tudor period a figure was appointed
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Diamond of National Advantage and How it Decribes the Success of the Indian Software Industry In the article “The Competitive Advantage of Nations” Michael Porter describes a diamond shaped relationship of forces that define a country’s potential for being competitive in a specified industry. The four points on the diamond representing the different forces are: factor conditions; demand conditions; firm strategy‚ structure and rivalry; and related and supporting industries. According to Porter
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To what extent does labelling theory offer a useful contribution to the study of crime and deviance? In this essay I’m going to investigate the Theory of Labelling also known as the Social Reaction Theory. Hopefully my essay will fulfil the criteria of the above title‚ an allow me to answer the question accurately and concisely. Why does crime exist? What drives individuals with in a populous to commit crime? Can crime ever be controlled or eradicated? By focusing on the Labelling
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the attention of industries all over the world. The perceptible impact of JIT lies in attaining productivity and quality standards. The real challenge before Indian managers is to establish priorities among potential JIT techniques to achieve best possible advantage of JIT implementation in Indian industries.. With the variety of products on offer increasing with customization and evolving customer needs‚ it is but important that a manufacturing facility embraces the advantages of JIT in making the
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TOPIC 3 “How does Vietnam apply the theory of comparative advantage?” Vietnam’s comparative advantage in fishery products Team 6 - KT39B Table of contents I. Analytical framework........................................................ 2 1. Revealed Comparative Advantage............................................. 2 2. Applying to Vietnam’s fishery production.................................. 3 II. Empirical results........................................................
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1985 and 7.8 million tonnes in 1995 to 17.7 million tonnes in 2008-2009. Malaysian experience in producing‚ trading and financing palm oil is now being exported to other countries with favourable conditions for growing the oil palm 2. In palm oil industry‚ Thailand’s recorded as third world producer after Indonesia and Malaysia. Currently‚ the
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