Introduction The Lenovo Group was founded in 1984 by a group of eleven engineers in Beijing‚ China. The company‚ formerly known as Legend‚ makes a variety of products for worldwide sale such as desktops‚ laptops‚ servers‚ handheld computers‚ imaging equipment‚ and mobile phone handsets. They are also providers of information technology integration and support services. Lenovo is a publicly traded company (Honk Kong Stock Exchange) as well as partially owned by the Chinese government. Lenovo opened the
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Michael Porter has described a category scheme consisting of three general types of strategies that are commonly used by businesses to achieve and maintain competitive advantage. These three generic strategies are defined along two dimensions: strategic scope and strategic strength. Strategic scope is a demand-side dimension (Michael E. Porter was originally an engineer‚ then an economist before he specialized in strategy) and looks at the size and composition of the market you intend to target.
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What is international strategy? "An international strategy is a strategy through which the firm sells its goods or services outside its domestic market" (Hill 378). One of the primary reasons for implementing an international strategy (as opposed to a strategy focused on the domestic market) is that international markets yield potential new opportunities. Raymond Vernon captured the classic rationale for international diversification (Vernon 191). He suggested that‚ typically‚ a firm discovers an
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ORGANIZATIONAL DYNAMICS‚ LEARNING FROM PRACTICE Strategic Action at Lenovo* Jerry Biediger Tracy DeCicco Timothy Green Greg Hoffman David Lei Karthik Mahadevan Jane Ojeda John Slocum Kyle Ward * This research was sponsored by a grant from the OxyChem Corporation made to the Management and Organizations Department‚ Cox School of Business‚ Southern
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Porter’s generic strategies framework constitutes a major contribution to the development of the strategic management literature. Generic strategies were first presented in two books by Professor Michael Porter of the Harvard Business School (Porter‚ 1980‚ 1985). Porter (1980‚ 1985) suggested that some of the most basic choices faced by companies are essentially the scope of the markets that the company would serve and how the company would compete in the selected markets. Competitive strategies focus
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well-established IBM PCD brands‚ what branding strategy would best g gy enable Lenovo to efficiently maximize its total brand portfolio equity‚ which had been driven p q y mainly by Asia market perceptions of innovation and quality‚ and minimize p q y potential brand dilution from relatively low Lenovo brand understanding throughout the rest of g g the world? Key Brands in the Portfolio Alternative Branding Strategies 1. 2. 3. 4. 4 5. Lenovo as the ‘master brand’ Focus
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Smartphone Business 1. Marketing channel for Lenovo computer business in China 1) Development of Lenovo computer’s marketing channel Phase 1: before 1994 Direct sellingPhase 2: 1994-1998 Agents and distributors Phase 3: 1998-2004 Intensive DistributionPhase 4: after 2005 Integrated Distribution In phase 4‚ Lenovo divided its computer business into two parts‚ Mode Trading for individual costumers and Mode Relationship for commercial clients. Lenovo clarified its integrated policy on channel
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Generic strategy The three generic strategies identified by Michael Porter‚ namely cost leadership‚ differentiation and focus are all options available to small businesses. cost leadership requires a tight set of interrelated tactics that include aggressive construction of efficient-scale facilities; vigorous pursuit of cost reductions from experience; tight cost and overhead control; avoidances of marginal customer accounts; cost minimization in all activities in the firms value chain. Differentiation
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any differences between them: (a) Porter’s Generic Strategies (b) The Strategy Clock Purpose of Porter’s Generic Strategies and Bowman’s Strategic Clock are both aimed to help companies understand how they compete in the marketplace. Base on the different combinations of price and perceived value‚ companies should know how to choose a position of competitive advantage that understanding the company’s competencies. Application of Generic Strategies is focus on three ways in which a company could
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Porter’s Generic Strategies Explained Michael Porter is considered the genius of competitive strategies application. Starting in the early 1980s‚ he published three books that developed and outlined successful strategies and how to apply them. His most popular books cover his three theories of generic strategy‚ cost leadership‚ differentiation‚ and focus‚ theories that have remained popular and applicable throughout the decades. Generic‚ as defined by Webster’s dictionary‚ means having no
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