training costs and low repair materials. This also creates economies of learning for pilots and maintenance employees. This cost driver capability is difficult for competitors to copy. Thirdly‚ in terms of Operations‚ Southwest has a 25 minute Turnaround time compared to the industry average of 45-60 minute. This is a key capability because airline companies can only make money when the flight is in the air. Southwest utilizes its capacities better than its competitors. As a result the company will
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number of tasks an individual can do b. increase job efficiency c. increase job effectiveness d. increase job satisfaction of middle management Q3. Strategic planning as a broad concept consists of a. corporate strategy and business strategy b. strategy formulation and strategy implementation c. inputs and outputs d. environmental analysis and internal analysis Q4. According to Herzberg‚ which of the following is a maintenance factor? a. Salary b. Work itself c. Responsibility d. Recognition
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Strategy Strategy sets the organizations direction and provides the framework that management will use to achieve to goals through strategic‚ tactical and operational planning. When developing a strategy‚ managers answer such questions as "What products should we make?" "What markets should we serve?" What operations should we use?" "How should we compete?" To effectively answer these questions‚ managers consider four elements when they create organizational strategies. STRATEGY LEVELS
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pricing‚ etc. Price skimming is a pricing strategy in which a marketer sets a relatively high price for a product or service at first‚ and then lowers the price over time where a new‚ innovative‚ or much-improved product is launched onto a market. The objective with skimming is to “skim” off customers who are willing to pay more to have the product sooner; prices are lowered later when demand from the “early adopters” falls. The success of a price-skimming strategy is largely dependent on the inelasticity
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Strategic planning is to a business what a map is too a road rally driver. It is a tool that defines the routes that when taken will lead to he most likely probability of getting from where the business is to where the owners or stakeholders want it to go. Mission: An organization mission is its primary business or purpose. Vision: A vision is an ideal that an organization intends to pursue; it serves as an inspiration for the organization. Goals are broad‚ measurable aims that support the accomplishment
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Short description of the case For years Motorola and was among the world’s most successful consumer electronics firms. The firm then controlled the emerging U.S. market for cellular telephones and pagers but‚ like many other firms at the time‚ was a bit complacent and not aggressively focused on competing with the Japanese. Motorola has remained the exception: Today it is one of the world leaders in mobile communication technology‚ including the manufacture of cellular telephones‚ paging devices
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A CRITIQUE OF HIS NEEDS HER NEEDS Harley‚ Williard. His Needs‚ Her Needs: Building an Affair-Proof Marriage. Grand Rapids: Baker Book House‚ 2011. ISBN: 9780800719388. Reviewed by Donald W. Clark. Willard F. Harley‚ Jr.‚ Ph.D.‚ is a psychologist and marriage counselor. He has written many books‚ helping couples work through conflict and restore and strengthen their commitment and love for each other. He has been married to his wife Joyce for over thirty years and they have two children‚ both are
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The goal of this submission is for you to analyse key aspects of strategic management at YDE STRATEGY: YDE CASE STUDY YOUNG DESIGNERS EMPORUIM CASE STUDY What is the strategic purpose of the organization? Founder and Chief Executive Officer of Young Designers Emporium‚ Paul Simon’s vision and strategic purpose of the organisation was to cater to a market that would supply cutting-edge fashion and lifestyle products at affordable prices yet being easily accessible too. Just like any other
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the “Smart Machine” and the skilled professionals where operate such machines will produce conditions in which there is less need for supervision. Another impact of increasing technology is that skill and managerial educational requirements tend to increase. Third impact o technology is that manufacturing is moving forward much shortest development cycles. There is need of highly trained specialists. b) c) * Influence of Human Resoruce Information System (HRIS) :- Firms have invested
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CHAPTER 6 STRATEGY FORMULATION: CORPORATE STRATEGY Corporate Strategy Corporate strategy deals with three key issues facing the corporation as a whole: 1. Directional strategy- the firm’s overall orientation toward growth‚ stability‚ or retrenchment 2. Portfolio strategy- the industries or markets in which the firm competes through its products and business units 3. Parenting strategy- the manner in which management coordinates activities‚ transfer resources‚ and cultivates
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