PART III LECTURE NOTES CHAPTER 1 THE NATURE OF STRATEGIC MANAGEMENT CHAPTER OUTLINE | |What is Strategic Management? | | |Key Terms in Strategic Management | | |The Strategic-Management Model
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Environmental Factors Rod Mathill MKT 421 January 14‚ 2013 Ron Rosalik Environmental Factors One can make little argument that the current economic state of the world is largely dependant upon the whole rather than the one. The old days of a country being able to completely sustain itself are coming to a rapid conclusion. Information technology and global shipping and receiving abilities have really created a global link from one country to the next. The United States was at one time
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store every day. But this is not the KFC you know in America. A recent case study written by professor David Bell and Agribusiness Program director Mary Shelman reveals how the chicken giant adapted its famous fast-food formula for the local market. Key concepts include: • In China‚ KFC’s strategy was to be part of the local community‚ not be seen as a foreign presence. • China division chairman and CEO Sam Su combined the best ideas from the US fast-food model and adapted them to serve the needs
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What three barriers might a new entrant have to overcome when entering the retail apparel industry? Explain why they could be barriers. Three barriers that a new entrant might have to over come when entering the retail apparel industry are resource ownership‚ government restrictions‚ and start-up cost. Identifying new entrants is important because they can threaten the market share of existing competitors. One reason new entrants pose such a threat is that they bring additional production capacity
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BI projects are developed without the help of the IT Mark for Review (1) Points Less than 10 % Around 80% (*) Between 40% and 50% None Incorrect Incorrect! Around 80% 6. Which of the following is not a key component of Oracle’s Cloud Service for ease-of use? Mark for Review (1) Points Self-service management Additional IT resource required (*) Monthly subscription Instant Provisioning Self-service
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religion 3. language 4. agriculture (irrigation‚ domestication of plants‚ etc) 5. specialized skills (pottery‚ clothing‚ etc) 6. trade (to acquire what you do not have and cannot make‚ but need) 7. economic system (bartering or currency‚ etc). Factors that give rise to civilization: A. Geographical location 1. All four of the major centers of early civilization (were China‚ India‚ Mesopotamia‚ and Mesoamerica) arose along major river valleys in arid regions‚ thus having important irrigation networks
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A performance indicator or key performance indicator (KPI) is a type of performance measurement.[1] An organization may use KPIs to evaluate its success‚ or to evaluate the success of a particular activity in which it is engaged. Sometimes success is defined in terms of making progress toward strategic goals‚[2] but often success is simply the repeated‚ periodic achievement of some level of operational goal (e.g. zero defects‚ 10/10 customer satisfaction‚ etc.). Accordingly‚ choosing the right KPIs
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Aviation safety Human Factors in Aviation Aviation as a whole has many problems that effect day to day operations. From bad maintaince practices‚ accidents‚ incidents and faulty training and SOPs. In the past it was said to be the fault of the machine. Now with inspecting and research it has been established that it is more due to human error than that of the machine. Since the end of WWII human factors issues have become a huge concern in aviation
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Factor Analysis Factor analysis is a data and variable reduction technique that attempts to partition a given set of variables into groups (called factors) or maximally correlated variables. 1. Factor Analysis Characteristics i. Interdependence Technique * Dependent Variable – None * More than one Variable – metric ii. Factor analysis is subjective and creative 2. Factor Analysis Output i. Data reduction from large number of variables to smaller number of factors ii. Factors
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describe the benefits of your idea 3. Vividly reinforce your position – numerical data‚ stories‚ metaphors 4. Connect emotionally – adjust emotional tone to match the audience Build your network 1. Information broker – a person who occupies a key role in a social network by connecting disparate groups of people 2. Networks deliver – private info‚ access to diverse skill sets‚ power 3. Trust – needed in networks when sharing private info 4. Self-similarity principle – choose people
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