COMPETITIVE ADVANTAGE 1) The petrochemical industry produces goods that are largely undifferentiated. To be profitable‚ PCG need to be the lowest cost producer. Raw materials form the majority of PCG cost of revenue. PCG competitive advantage is‚ it has access to very low cost natural gas compared to its competitor‚ which in turn‚ means a higher gross profit margin. 2) PCG is backed by PETRONAS group‚ which also owns other 4 PLC units: i) MISC Bhd ii) Petronas Dagangan Bhd iii) Petronas
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Summary Human Resource Management Chapters 1‚2‚4‚5‚6‚16 Chapter 1: Gaining a Competitive Advantage * Competiveness ability to maintain share in industry (related to effectiveness) * Human Resource Management policies‚ practices‚ systems that influence employees’ behaviour‚ attitude and performance analysing and design of work‚ planning‚ recruiting‚ selection‚ training‚ compensation‚ performance management‚ employee relations * HRM practices should be strategic * HR has 3
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If you’re reading this‚ you’re almost certainly a knowledge worker of one sort or another. And if you’re a knowledge worker within an organization‚ here’s an essential question you need to ask: Am I being managed‚ or am I being led? And if in turn you’re responsible for the performance of other knowledge workers‚ you need to ask yourself: Am I managing‚ or am I leading? I’m prompted to ask these questions by Peter Drucker’s Management Challenges of the 21st Century‚ one of the most insightful
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Sustainable Strategy Management Report 1 – Environmental Audit Thorntons Leyi Shen 4490029 Contents 1. Abstract 2. Introduction 3. External Business Environment 3.1 PESTEL Analysis of chocolate industry 3.2 Porter’s Five Forces 3.3 Industry life cycle analysis 3.4 S.W.O.T analysis (Opportunities and Threats) 4. Internal Business Environment 4.1 Internal capabilities: resources and competences 4.2 S.W.O.T analysis (Strengths and Weaknesses) 5. Conclusion 6. References
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Report: An Analysis of Ryanair’s business environment Introduction: Ryanair is Europe’s leading low cost airline. It currently operates over 1600 flights per day to 180 destinations in 29 countries. It has achieved this through developing and marketing itself as Europe’s only ultra-low cost carrier (ULCC). This has seen its profits rise by 13% for the fiscal year ending 2013 to over €569million and its passenger traffic grow by 5% to over 79.3 million people‚ this being in spite of an increase
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The Arts as an Area of Knowledge- Assessment task Definition of the Arts: Google definition: The expression or application of human creative skill and imagination‚ typically in a visual form such as painting or sculpture‚ producing works to be appreciated primarily for their beauty or emotional power. My definition of the arts is that it is a medium for which emotion and expression can be conveyed‚ typically displayed in the form of a physical representation. For example‚ a sculpture or a drawing
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constructive way Creating More Balanced Teams Belbin suggests that‚ by understanding your team role within a particular team‚ you can develop your strengths and manage your weaknesses as a team member‚ and so improve how you contribute to the team. Team leaders and team development practitioners often use the Belbin model to help create more balanced teams. Teams can become unbalanced if all team members have similar styles of behaviour or team roles. If team members have similar weakness‚ the team as a
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Journal of Knowledge Management Eight questions for customer knowledge management in e‐business Jennifer Rowley Article information: To cite this document: Jennifer Rowley‚ (2002)‚"Eight questions for customer knowledge management in e#business"‚ Journal of Knowledge Management‚ Vol. 6 Iss 5 pp. 500 - 511 Permanent link to this document: http://dx.doi.org/10.1108/13673270210450441 Downloaded by NANYANG TECHNOLOGICAL UNIVERSITY At 10:06 09 September 2014 (PT) Downloaded on: 09 September 2014‚ At:
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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 services that justify higher prices. Competitive strategies 1. Differentiation-this involves selecting one or more criteria used by buyers in a market. It is about charging a premium price that more than covers the additional production cost and about giving customers clear reasons to prefer the product over other‚ less differentiated
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Competitive Advantage: Question 1/2: A competitive advantage is a position that a firm occupies in its competitive landscape. Cost advantage Cost advantage A firm possesses a sustainable competitive advantage when it has value-creating processes and positions that cannot be duplicated or imitated by others‚ that lead to the production of above normal rents‚ in that it provides a long-term advantage that is not easily replicated. Sources of competitive advantage: Competitive advantage Competitive
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