Michael Porter’s Value Chain and Gaining a Competitive Advantage The more value an organization creates‚ the more profitable that organization likely will be and by providing more value to your customers‚ the organization is gaining a competitive advantage. Understanding how your company creates value and looking for ways to add more value are critical elements in developing a competitive strategy. The concept was first introduced by Michael Porter in his 1985 book “Competitive Advantage.” A
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In the chapter Consequentialism and Utilitarianism in the book Global Ethics an Introduction by Heather Widdows explains that Utilitarianism is the ethical rule that is based on the idea of happiness. (Widdows 45) After reading the case study Buying and Selling Body Parts‚ it has been determined that buying and selling body parts can viewed as unethical in some cultures while some cultures view this the process of buying and selling body parts as acceptable in certain cultures. In this analysis will
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Mill’s ethical theory of Utilitarianism. Mill held two theories on utilitarianism‚ a normative and a psychological one. Normative views of Mills’ include his "principle of utility" which says actions are right if they produce the greatest amount of happiness and pleasure and wrong if they cause displeasure and pain. His psychological theory says people want to live in harmony with their fellow man and that they have a basic sensitivity to the needs of others. Utilitarianism is interested in promoting
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Assess the view that a religious concept of love is the most difficult to put into practice. (20 Marks) It can be considered that loving an individual in all circumstances can be a difficult thing to do. Most religions would say that love should be the central theme behind all of our actions. This may be an ideal standard for the world to have. However‚ would this be applicable in the world of politics‚ business and jury systems? For example‚ if love was to be the ruling norm of a jury system‚ would
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The dystopian novel 1984 by George Orwell warns its readers of the possible future that can reflect the novel’s premise of a controlled and dehumanized society. Throughout the novel‚ it is evident of the numerous techniques that the leading party‚ that is referred to as “The Party”‚ uses to have control over its citizens as a whole and individually. One of the more prevalent one’s in the book is the idea of a common enemy. Throughout time‚ many revolutions have went underway because of the shared
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Second Writing Assignment‚ PHILO 120 Professor Shelley‚ Tue/Thur 230pm Mill is an heir of an intellectual movement in England known as Utilitarianism; utilitarianism is concerned with the acquisition of pleasure and elimination of pain. John Stuart Mill follows the guidelines of utilitarianism in order to decide if certain actions are moral. Utilitarianism states that a person should perform the action that produces the most pleasurable outcome for every person involved. In order to accurately
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Extreme utilitarianism has a common-sense approach to moral dilemmas. As is the case when confronting the moral dilemma of euthanasia. The extreme utilitarian looks at euthanasia on a case by case basis. They will use reason to determine whether euthanasia is the right decision to make‚ and under what circumstances. For example‚ if the person is clearly suffering‚ with certain death fast approaching‚ euthanasia would be the most humane choice‚ and therefore the right action to take. Moral rules
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or that what someone does with their life is of “no concern to me”. So in the wake of this discussion I decided to compare and contrast how a utilitarian and a Kantian might approach or type of moral conclusion they may have of prostitution. Utilitarianism as most know view that in order to determining what we should do‚ we must consider what specific act would produce the best overall consequences. They view the ethical goal is to lead is a life rich in pleasure or happiness both in point of quantity
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Michael Porter 5 Forces Porter’s five forces of competitive position analysis is a simple framework for assessing and evaluating the competitive strength and position of a business organization that formed by Michael E. Porter of Harvard Business School in 1979. Basically‚ the concept of this theory is actually based on the five forces model that uses to determine the intensity of competition and market attractiveness. Therefore‚ strategic analysts are often to use Porter’s
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Egoism and utilitarianism are consequential theories that refer to that the outcomes are the most importance. However‚ there is a big difference‚ egoism pursued my benefits and utilitarianism aims to the greatest mount of people’s benefit and their happiness. Kant’s ethics‚ virtue theory and ethic of care are non-consequential theories. Kant’s ethics
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