STRATEGIC MANAGEMENT CONCEPTUAL FRAMEWORK What is Strategic Management ? Strategic Management can be defined as the art and science of : • formulating‚ • implementing‚ and • evaluating competitive moves and business approaches that enable an organization to achieve its objectives. The Strategy-Making‚ Strategy-Executing Process Developing Developing A Strategic A Strategic vision vision Setting Objectives Crafting a Monitoring Strategy to Implementing developments‚ evaluating
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Creativity is the ability to produce valued outcomes in a novel way. Creativity is thought to possess three characteristics: originality‚ fluency‚ and flexibility. Originality is defined as seeing unique or different solutions to a problem. Fluency is generating a large number of possible solutions. Flexibility is shifting with ease from one type of problem-solving strategy to another. Most tests of creativity focus on divergent thinking‚ which is a type of thinking in which many possibilities are
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1. The television distribution industry is in transition‚ as alternative distribution technologies and new business models emerge. Use the technology cycle to assess the state of technological change for television distribution. What part of the cycle is the industry in now and what is the future for distributing television? What is your prediction about the potential impact of ‘cord cutting’? Based on technology cycle theory and current state of distribution technology in the market‚ I conclude
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• three fundamentally different types of businesses: o customer relationship build relationships w customers o product innovation develop new and attractive products o infrastructure high volume repetitive • focus on only one of these three in a company • they can conflict with each other Product Customer infrustructure economics Premium price High cost to acquire cust get access to ppl’s wallet! High volume to get economies of scale Culture Battle for talent Low barriers to
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MBA A Case Study on “Innovation on Apple” Course Code ： MBA Cohort 22 Lecturer ： Mr. D.L.Allen Student Name ： Wong Man Pan Student ID ： Submission Date ： 18 July‚ 2012 No of words ：3‚092 1. Executive summary This article contains four main sections; in the first section‚ the characteristics of innovation Company are defined‚ mainly the ideas which follow Barry‚ John and Richard‚ 2011 and the overview of Apple Inc innovation would be evaluated based on the
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America: Educating the Stupid The American education system is considered by many to be broken and underperforming when compared to the rest of the world (Zhao). Many political leaders and business tycoons would have us believe that the American education system is obsolete and in crisis. “American teachers are complacent‚ unmotivated‚ and ill-prepared‚ while teachers in other countries are of ‘higher cognitive ability‚’ better prepared‚ and held to more rigorous accountability standards” (Zhao)
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Goh Mingliang Alexander Group 16 CORE 003 Term 1 AY 2009-2010 Creativity and Me: Rules; The straightjacket of creativity Any fool can make a rule‚ and any fool will mind it. What does it mean when you obey a rule? Are you simply complying because you are told to? Throughout history‚ rules have hindered creative minds to express themselves freely; often‚ these minds have been subjected to some sort of totalitarian regime or legal doctrine. I believe in order to be truly creative‚ one must
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CLEAR VISION AND WORK ENVIRONMENT ARE SOME PRINCIPLES FOR CONTINUOUS INNOVATION Theoretical models Ten Principles for creating the highest performance teams and team innovation: 1. Establish the reasons and objectives of forming a team. Create a concise team vision and mission statement that is crisp and well understood 2. Recruit the team players who will be the most adept at achieving the said team objectives‚ vision and mission. 3. Establish clear‚ participatory‚ effective and elevating
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Theories of Creativity and Quality Theories of Creativity and Quality Theories of creativity are vast. Several psychological theories on the process of creativity are chronicled. Some theorists explain creativity as intrinsic creative motivations‚ which individuals create a project for the sake of creating (Wibell‚ 2011). Other theorists convey the brain controls levels of creativity‚ and mental illness has an impact on creative process. Further‚ many believe the humanistic theory of creativity
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Innovation: * There are two contrasting theoretical views: Schumpeter thinks more innovation is achieved by less competitive markets; Arrow thinks that more innovation is achieved by more competitive markets. Schumpeterian Theory: A distinctive特殊 view of innovation and its central role in the process of competition was developed by Schumpeter in the 1930s and 1940s and has since been developed into a substantive alternative school of thought. Schumpeterian theory suggests a simple monotonous
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