...Comparison and Contrast of the Professional Stories of Michael Dell and Andy Grove Melissa A. Honea Northcentral University ABSTRACT Michael Dell and Andy Grove were both successful businessmen who use different approaches to their businesses. Both men had success and failures that shaped their business into the successful company’s they are today. Michael Dell tried a new approach to his business that he quickly saw was a failure. He realized that the approach he currently uses is the most successful for his company. Andy Grove made his company successful twice. While in the memory business he had 100 percent of the market share. He learned a hard lesson when his company was pushed out of its market share by competitors. The company had to quickly find a new niche. After three years, the company was successful again. Comparison and Contrast of the Professional Stories of Michael Dell and Andy Grove Michael Dell Michael Dell became an entrepreneur at the age of 12 when he advertised his business “Dell Stamps” in a local trade journal. While in college, Dell turned his dorm room into a personal computer laboratory and started selling them. In 1984, Dell started Dell Computer Corporation. In 1988, the company went public raising $30 million at its initial public offering (Krames, 2003a). Dell’s philosophy is to put the customer at the center of his business. All computers are custom ordered by the customer. The production process does...
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...Cover Page Business Model Analysis in the fast fashion industry Table of Contents 1. Introduction 3 2. Industry environment of fast fashion 4 2.1 PEST analysis 4 2.2 Five forces analysis 6 2.3 Summary of findings 7 3. Analysis of Zara and H&M 7 2.1 Analysis of Zara 7 2.1.1 Vision, mission and objectives 7 2.1.2 Internal analysis 8 2.1.3 Business model canvas 8 2.1.4 Value proposition canvas 9 2.2 Analysis of H&M 10 2.2.1 Vision, mission and objectives 10 2.2.2 Internal analysis 10 2.2.3 Business model canvas 11 2.2.4 Value proposition canvas 12 2.3 Summary of findings 12 4. Comparison of business models between Zara and H&M 12 4.1 Comparison of business models 13 4.2 Comparison of value proposition canvas 14 4.2 Summary of research insights 14 5. Development of a new entrant 15 5.1 Strategic model 15 5.2 Business model canvas 16 6. Reflection on strategic insights 16 7. Conclusion 17 References 18 1. Introduction Fast fashion is a sub sector of the fashion industry that boasts fast response to consumer demand and efficient distribution of materials and products in the global landscape (Hines and Bruce 2007). Hines and Bruce (2007) also imply that fast fashion could quickly identify and capture business opportunities and transform them into products in a timely manner. As fast fashion retailers need to deliver trendy apparels to end customers, low cost production and efficient distribution become...
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...Aida Chacko ENG 2DP Dec 5, 2012 An analysis of Comparison and Contrast between Charley and Willy Don't aim for success if you want it; just do what you love and believe in, and it will come naturally (David Frost). We often are surrounded by examples and stories about successful people doing good and pitiable ones committing crimes. People usually follow the path of a successful person because they think that they are perfect. We often neglect the truth that everyone is imperfect, and that god is not one of us. We are human beings, and liable to make mistakes. Therefore, being successful is learning from our mistakes and following our passion we desire. We as human beings are all born with a passion and we have to keep trying to achieve it. Of course, some may lack this wisdom because of their inability to understand success is not all about money and good looks. An example of this theme of success is presented in the novel Death of a Salesman. Miller clarifies this philosophical way of life through contrast and comparison between two characters. In the novel Death of a Salesman Arthur Miller demonstrates the idea of success through the Willy and Charley through the theme of foil as fathers, friends, and businessman. In the Arthur Miller’s novel, Death of a Salesman, the interaction between Willy Loman and his sons, Happy and Biff, allows Miller to demonstrate the foil comparison of the father-son relationships with the Charley’s relationship with his son. Willy and Charley’s...
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...Comparison and Contrast of Two Innovative Business Professionals and Their Models: Customer Epicenter versus Paranoia Survival Jules Prendergast North Central University BTM7101-8 Activity 3 Author Note This developmental paper is being submitted on May 26, 2013 for Professor Cozine’s BTM7101-8 class. The contents of this paper reflect the author’s perspective on relevant information provided through articles Abstract The main emphasis of this paper is two fold. First, the content is used to express the author’s perception through use of the compare and contrast writing methodology between two key businesses professional and their impact on the business practices. This is accomplished by preparing a summary of their professional contributions, discussion of their encounter and subsequent success from specific challenges, as well as a discussion of their similarities. The final portion of this paper emphasizes distinct differences between each and concludes with the key factors, which impacted their individual successes. The second key part of this paper is to address the learning and follow on use of appropriate APA (American Psychology Association) formatting and correct usage of paraphrasing. Keywords: customer, leadership, and APA format Comparison and Contrast of Two Innovative Business Professionals and Their Models The world is built around sociological implementation of economic...
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...Scientific Papers (www.scientificpapers.org) Journal of Knowledge Management, Economics and Information Technology Issue 6 October 2011 Designing an Effective Female Leadership Model in Governmental Organizations Authors: Nosratollah MALEKI, International Relations School of Iranian Ministry of Foreign Affairs, Iran, nosrat.maleki@gmail.com, Aryan ASKARI, University of Tehran, Iran, aryan1072@gmail.com, Mohamad Amin GHANBARI, University of Tehran, Iran, ma.ghanbarei@gmail.com Since leadership is a critical factor for improving organizational performance, failure or success of an organization highly depends on the efficiency of leadership at all levels. Scholars elaborated that leadership is the ability of influencing one's attitudes, aptitudes and beliefs, in the way that it will lead to meet organizational objectives. The main purpose of this study is to consider two domains of efficient leadership and women’s leadership style, in order to determine and elaborate the dimensions of the new concept of “Women’s Efficient Leadership”. We intend to describe the characteristics of women’s efficient leadership in state organizations in Iran by means of offering a logical pattern, in order to be able to propose a favorable pattern, leading to increased efficiency in governmental organizations of the country. Innovation of this study can be divided into two parts: one is theoretical contribution and developing the knowledge of efficient leadership as well as women’s leadership...
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...“Among the natural rights of the colonists are these: First a right to life, secondly to liberty, and thirdly to properly; together with the right to defend them in the best manner they can.” Colonies are either established to open a chapter for better or for worst. This all depends on the leader and what they have to offer for the colony's future. Jamestown and Plymouth were two colonies that were established by two different kind of men. Meaning that they saw the world in diffrent ways and usually had different viewpoints which distinguished one another. Jamestown was a business venture, not a place to raise a family. This town only consisted of just men that were known to be colonists. The Jamestown colony was used to make money for the...
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...Nuances in Bulgarian business culture in comparison with the United Kingdom’s Course work in Cross-cultural issues in the European Human Resource Management Prepare by: Dimitar Arnaudov, Faculty number: 1523078 Course: European business and Finances Sofia, 2015 1. Differences between national cultures. Authors, studies, etc. 2.1. Culture (def.); Culture differences. 1.1.1 Culture – def.; 1.1.2 Culture differences. 1.1 Authors and studies related to business culture. 1.2.1 Geert Hofstede; 1.2.2 Famous studies around the World. 2. Similarities and differences between the business cultures of Bulgaria and the United Kingdom. 2.1. Bulgarian business culture; 2.2. British business culture in comparison to Bulgaria’s . 3. References. Differences between national cultures. Authors, studies, etc. Culture (definition) and culture differences Culture illustrates the accepted norms and values and traditional behaviour of a group. One definition of culture by Deal and Kennedy is “the way a we do things around here”. However, culture also evolves over time. The culture of each country has its own beliefs, values and activities. In other words culture can be defined as an evolving set of collective beliefs, values and attitudes. Culture is a key component in business and has an impact on the strategic direction of business. Culture influences management...
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...Miriam R. Lituma Women in Leading Business Dr. Jeana Wirtenberg 02/24/2015 Analysis of a Note on Women and Power The article by Pfeffer “A Note on Women and Power” focuses on how women attain power and how different it is for women to attain power, compared to men. According to the author, women tend to earn less compared to men who have equal qualifications. Women are given occupations and titles that are less paying despite their qualification in comparison to men. The article notes that women are not well represented in the senior management ranks such as CEO and board positions. However, the gender based career discrimination has been declining over the decades, but its persistent raises many questions (Pfeffer 2). The author analyzes the questions that arise due to discrimination of women in work places. One of the most common questions the article addresses is on why women are disadvantaged in career tournaments in organizations. The author binds this question to the fact that power and political skill are bound with success in career. One way that can be used in understanding women’s underrepresentation is exploring the relationship between gender and the power dynamics. The article therefore goes deeper into exploring the relationship between gender and power. The author also notes that there is a difference between the rules for men and women in the game of power. He also looks into what can be done to make the rules different to build...
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...WOMEN BUSINESS OWNERS IN TRADITIONAL AND NON-TRADITIONAL INDUSTRIES ALEXANDRA L. ANNA United States Air Force Academy GAYLEN N. CHANDLER Utah State University ERIK JANSEN Department of Systems Management, Naval Postgraduate School NEAL P. MERO Department of Management & Decision Sciences, Washington State University Small businesses continue to grow in importance to the national economy. According to the Small Business Administration, America’s 22 million small businesses generate more than half of the nation’s Gross Domestic Product and are the principal source of new jobs. The National Foundation for Women Business Owners reported that between 1987 and 1994, the number of women-owned businesses grew by 78% and women-owned firms accounted for 36% of all firms. Although the growth in the number of women-owned businesses is encouraging, the size of such businesses remains small in terms of both revenues and number of employees, especially in comparison to male-owned businesses. One explanation for this disparity is that female business ownership is concentrated primarily in the retail and service industries where businesses are relatively smaller in terms of employment and revenue as opposed to high technology, construction, and manufacturing. One of the most fruitful streams of research in women’s occupational choice has been based on EXECUTIVE SUMMARY Address correspondence to Alexandra L. Anna at HQ USAFA/DFM, 2354 Fairchild Drive, Suite 6H94, USAFA, CO 80840-5701; (719)...
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...Table of Contents Introduction 3 Task 1 3 Task 1.1: The comparison and contrast of organisational structures and cultures of Newton, Chambers and Co and Hi-Gen Power Limited 3 Task 1.2: The relationship between structure and culture that can impact on business performance of Newton, Chambers and Co 4 Task 1.3: The factors of influencing individual behaviour in Newton, Chambers and Co 5 Task 2 6 Task 2.1: The comparison of effective leadership styles within Newton, Chambers and Co and Hi-Gen Power Limited 6 Task 2.2: The way of management functions, managerial roles and management authorities will under plain the practice of management in this company 7 Task 2.3: The evaluation of different approaches of management used by Newton, Chambers and Co and Hi-Gen Power Limited 7 Task 3 9 Task 3.1: The impacts of having different leadership styles on organisational motivation in the periods of change in Newton, Chambers and Co 9 Task 3.2: The comparison of the application of two different motivational theories within my work place 9 Task 3.3: The usefulness of these motivational theories for managers in Newton, Chambers and Co 10 Task 4 11 Task 4.1: The nature of groups and group behaviour within Newton, Chambers and Co and Hi-Gen Power Limited 11 Task 4.2: The factors for promoting the development of an effective team work within Newton, Chambers and Co and Hi-Gen Power Limited 11 Task 4.3: The impact of technology on team functioning in Newton, Chambers...
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...at BSB10183-3 ------------------------------------------------- PROJECT STUDENT NO: 09031751 MODULE LEADER: GERARD RYAN ------------------------------------------------- SUPERVISOR: SHARON INGLIS ------------------------------------------------- CONTENTS TOPIC 3. WORKING TITLE 3. INTRODUCTION 3. AIMS 3. OBJECTIVES 3. RATIONALE 4. LITERATURE REVIEW 4. PROGRESS AND PLANS 4. BIBLIOGRAPHY & REFERENCES 5. APPENDICES 6. The ‘Glass Ceiling’, is an unofficially acknowledged invisible barrier that hinders the advancement in a profession and prevents working women maximising their full potential. This investigation will look at the equality progression of women in the boardroom, thus gaining a practical understanding of opportunities in senior management and understanding the measures necessary to avoid gender discrimination. The term ‘glass ceiling’ originated in 1986 whereby two journalists from the Wall Street Journal described the ‘invisible and artificial barriers that impeded women from advancing to senior leadership positions in organisations’ (Alex, 2004). Since then, much research (Heilman et al., 1989; Bass and Avolio, 1994; Lyness and Thompson, 1997; Ragins et al., 1998; Tharenou, 2001; Belt, 2002) has focused on the causes of and solutions for the glass ceiling. The study aims to investigate whether and why gender discrimination is still a fundamental issue in the boardroom...
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...Particularly poor women are interested in this kind of services. In the past years 80% of all microfinance clients have been women. Simply by giving them the ability to hold an own bank account, to accumulate savings and to grow a business, they provide development and a better lifestyle for their families. U2 lead-singer and humanitarian advocate Bono is sure that when you "give a man a fish, he'll eat for a day. [But when you] Give a woman microcredit, she, her husband, her children and her extended family will eat for a lifetime".(Hewson, D.P./Bono, 2010) Not only superstar Bono but also the former United Nations Secretary-General, Kofi Annan is convinced, that there is no more effective tool for development than the empowerment of women. (Annan, K., 2005) Microfinance is about more than just helping to improve ones financial situation – for women it is a chance to speak up and stand up for themselves; to become more independent. However microfinance is not a magic bullet...
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...Online Retail Marketing Amy Schmitt Western Governors University June 1, 2013 Table of Contents Summary of Online Marketing……………………………………………………………………………..... 3 Advantages of Online Marketing…………………………………………………………………………….. 5 Disadvantages of Online Marketing…………………………………………………………………………. 6 Potential of Online Sales for Company………………………………………………………………………. 7 Requirements for a Successful Online Marketing Campaign…………………………………………………8 Conclusion……………………………………………………………………………………………………. 9 Reference Page…………………………………………………………………………….. ………………10-11 Summary This report will provide all research done to provide adequate information for online marketing opportunities regarding retail sales. I will provide information and statistics that will give a better understanding of how to market a product successfully. This report will cover the disadvantages and advantages of marketing products online. When properly marketing products online, a company can boost their sales substantially. This is something all retail companies should take into consideration. Online Marketing Advantages A company must consider the many different ways of marketing. Online marketing, if done correctly, can prove to be very beneficial. A company needs to determine if the product they are selling can benefit from an online marketing campaign. Marketing online has several advantages involved with it. A few of these advantages include: The ability to reach a larger, even global...
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...People II. The Human Side of Business 7. Motivating and Managing People and Groups in Business Organizations © The McGraw−Hill Companies, 2007 234 Chapter Seven SATISFIED CUSTOMERS. Unlike the other moving companies she had seen, Sheets decided that Two Men would put a premium on customer service. “Moving had a cruddy reputation,” she says. “I made sure everything was spotless. And we went out of our way for the customers.” Sheets put her movers in uniforms and gave them business cards, charged by the hour instead of weight, and paid for any damage to be fixed. The company’s mission statement remains: “Treat everyone the way you would want your Grandma treated.” From the start, Sheets handed out postage-paid reply cards, with just five questions, to her cus- tomers. Last year, the company received 66,000 responses. Sheets says that only 1% of the comments are negative—and she uses them as an opportunity. “We want to get it right with our customers,” she says. “Sometimes we send them flowers or a gift if something went wrong.” As a result, Two Men gets about 95% of its business from word-of-mouth refer- rals, eliminating the need for much advertising. With no formal business background, Sheets says she has relied mostly on her own instincts and expe- rience. She credits her time volunteering at a hospital crisis intervention center with helping her to handle customers over the phone. “It taught me empathy and how to listen,” she says. STICK MEN U. When it came to marketing, Sheets...
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...Gay Marriage: Should It Be Allowed? BCOM275 Gay Marriage: Should It Be Allowed? Homosexuality has been a taboo existence in the past, but now it is accepted more and more across the globe. However, the institution of marriage amongst the gay community has become a controversial issue, as was interracial marriage in the past. Although there are increasing parts of the United States and the rest of the world in support of marriage equality throughout the LGBT community, there are still those who remain against it. In this paper, you will read views and information from both sides stating why gay marriage should be legalized or remain illegal from the standpoints of family, equal rights, and religion. Homosexual and bisexual behavior has been documented around the world since ancient times via art, literature, and other historical artifacts (History of Homosexuality, 2013). In fact, studies show that many people are unaware that a peer, family member, or friend is homosexual. With that being said, why should gay marriage be so controversial? Supporters of gay marriage as well as the LGBT (Lesbian Gay Bisexual & Transgender) community agree that gay marriage should be legalized without stipulations. Those in civil unions are allowed to legally adopt children, but they cannot be in the hospital room when their partner passes away. It is unjust. Marriage should exist between two people who love each other, despite gender. To state one of the reasons...
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