The five bases of power in the book are: (1) Legitimate power‚ (2) Referent power‚ (3) Expert power‚ (4) Reward power‚ and (5) Coercive power. The group member can influence others because of being elected or appointed‚ that means this person has legitimate power. Legitimate power comes from occupying a position of responsibility. People have high legitimate power should also have a high position of responsibility. For example‚ in the small group‚ the group leader or chairman should have legitimate
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FIVE FORCES Potential entrants‚ threat of entry: The furniture market is already highly competitive. The risk of new entrants is not extremely high because of the huge capital needed to start the business. Demand of household furniture is high. IKEA furnitures don’t have a such significant competitor but other areas like textile and kitchenware have. Alongside Kodin Ykkönen becomes one competitor as a full department store but it doesn’t compete in price. Buyers‚ bargaining power: Ikea
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Unit 2: Teamwork Assignment‚ Team A Romy Brannen‚ Amy Eoff-Stanley‚ Kourtney Trehern‚ Amanda Basher‚ Nathan Palmer‚ Debra Lee General Psychology - 2027 May 15‚ 2010 Our Five Senses‚ Vision‚ Smell‚ Hearing‚ Taste‚ and Touch The following paper is an explanation of our five senses. How they work and why do we have them. Would a person be able to function if one or more senses were lost? All these questions are answered in following document. Our entire sensory system consists
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Dealing with Grief; the Five Stages of Grief Loss usually visits us in a different dimension. The death of our loved one is all that we cannot be able to evade. Grief will always hit us directly and primarily it is challenging to respond to it. The simple definition of grief is the natural response to the loss of an individual or something that is very dear and close to you. Death is a loss that can lead us to grief and therefore each and every person has his best way to cope with the feeling. The
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Porter’s Five Forces Analysis of the Automobile Industry Porter’s Five Forces‚ also known as P5F‚ is a way of examining the attractiveness of an industry. It does so by looking at five forces which act on that industry. These forces are determinants of that industry’s profitability. The 5 forces are: 1. The threat of new entrants In the auto manufacturing industry‚ this is generally a very low threat. Factors to examine for this threat include all barriers to entry such as upfront capital requirements
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eBay’s five forces Model of competition analysis In order to understand why and how eBay has been successful‚ it is important to understand Porter’s five forces model. The model includes threat of potential new entrants‚ threat of rivalry in the industry‚ threat of suppliers‚ threat of suppliers‚ threat of buyers and threat of product substitution. [pic] Rivalry in the industry Because of low entry barriers‚ the market is full of competitors. Yahoo! Auctions is one of the example competitors
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Terry Catherman July 4‚ 2011 MHR 6551 Training and Development Five Dimensions of Culture Hofstede identified five dimensions of culture. His work identified the differences of people and behavior that shapes the behavior of people. The first is the individualism/ collectivism orientation. This is a two part definition. Individualism focuses on the individual’s goals and accomplishments. This culture will build a high degree of self respect and independence and what is best for them. Collectivism
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-1Successful examples such as Amazon.com and Dell have significant implications to the potentials for e-Retail businesses to take over the market shares of their traditional retailing competitors. This phenomenon can be explained using Porter’s five forces: Supplier Power- In the case of Amazon.com‚ like its retailing competitors‚ its supplier companies are mainly publishers. Just as many readers‚ there are thousands of publishers in the world‚ thus they are not concentrated at all. The 24-hour
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Q i) Expalin in detail five basic accounts along with their types and examples Five basic Acounts 1. Assets 2. Liabilities 3. Capital/Owner Equity 4. Revenue/Income 5. Expenses Assets Assets are the resources owened by a business and are expected to give benefit for future operation Example: If you buy a land and it will give benefit in the future operation then it is your asset . if the land which you buy And in future you have to sell only then this is not your asset. If you built
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Porter five forces. Potential new entrants. The home furnishing market is a big market with many players. IKEA is one of the biggest players in the market especially in Europe. The threats of new entrants is reduced by the tremendous amount of money needed to start up a home furnishing shop. IKEA has a big advantage to other home furnishing shops‚ they don’t just sell furnish but also kitchen and home accessories. But IKEA doesn’t reach small town and villages‚ here is a change for new entrants
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