...Porter's Five Forces is a strategic tool that is used among many managers today as to take important decisions. What this tool does is analyse components of the company's micro environment and with that information that it gathers will know where the strength or weaknesses of the company's competitive position lies. The analysis that is to be done is on supplier power, buyer power, competitive rivalry, threat of substitution and threat of new entry. Together these forces determine the profitability of the company because it is these forces that determine that prices which will be charged. By analysing supplier power we would be assessing how easy it would be for our suppliers to raise their prices, and hence lower our profits. Suppliers are the once that provide us with the raw materials that we need to produce our product and thus giving them some power over the firm. If the raw material that the supplier sells is scarce, and no easily found, then this would enhance the power that they have over the company and could mean that they could raise their prices when they would see fit. If we were to see competitive firms competing for the resource that the supplier supplies then this would put the supplier in even greater power over those firms. In our case, Mdina Glass uses several raw materials that can be found in many destinations. The main raw material that is used is sand, but not just any sand, silica sand. Other raw materials include limestone, soda ash and other...
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...(SA) says that: A) The way to answer WK is to analyse the concept of knowledge. B) To analyse the concept of knowledge is to come up with non-circular necessary and sufficient conditions for someone to know that something is the case. Is the standard analytic approach to WK the right approach? If not, what would be a better way of doing things? These are the questions I’m going to tackle here. I want to look at some criticisms of SA and consider the prospects for a different, non-standard analytic approach (NA) to WK. Here is one objection to SA: the concept of knowledge can’t be analysed, at least if analysis is understood in the way that (B) understands it.[i] (B) assumes a reductive conception of analysis, according to which analysing a concept is a matter of breaking it down into more basic concepts. Let’s say that a concept C1 is more basic than another concept C2 just if one can grasp C1 without grasping C2 but one can’t grasp C2 without grasping C1. Proponents of SA tend to assume that concepts like truth, belief, and justification are in this sense more basic than the concept knows and that that is why they can be used to specify non-circular necessary and sufficient conditions for knowing. If it turns out that such conditions can’t be given, and therefore that the concept of knowledge can’t be analysed, the net result of combining (A) and (B) will be to make WK unanswerable. If this question is one that we are capable of answering then there must be...
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...PROBLEM SOLVING PROCESS Clarify Structure Analyse Conclude Goal Understand question Agree major points Gather /analyse facts Develop recommendation • ‘Synthesise’ your answers • Discuss trade-offs • Relate back to question Tips • Listen carefully • Ask questions • Paraphrase to confirm • Describe your overall approach (i.e., don’t go into details straight away) • Keep it simple • Use a framework if appropriate • Agree priority issues • Make estimations • Work together (e.g., ask questions, watch for hints) 0 LAST MINUTE INTERVIEW HINTS Things to keep in mind 1. Listen to the problem – make sure you are answering the question that you have been asked to answer 2. Structure your answer up front – think of a structure for 4-5 key questions that you need to answer in order to answer the overall issue 3. Proceed in a organised fashion – finish one key question of the structure and arrive at a point of view on it before you go onto the next 4. Step back periodically – summarise what you have learned and what the implications appear to be 5. Communicate your train of thought – even if you have considered some alternatives and rejected them, tell the interviewer what and why 6. Ask for information judiciously – make sure that the interviewer knows why you need the information 7. Watch for cues from the interviewer and keep an open mind 8. Do not try to "crack the case" – it is much more important to clearly demonstrate a logical thought process...
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...University of Zululand Faculty of Commerce, Administration and Law Department of Business Management Assignment topic: Chapter Two summary Name: Mr T Mdletshe Student number: 200903233 Module code: CBM 503 Module Description: Advanced Aspects of Management THE ENVIRONMENT The environment is what gives their means of survival. It creates opportunities and its present threats. This chapter therefore provides frameworks for analysing changing and complex environments. These frameworks are organised in a series of ‘layers’. Within the environment there is Macro-environment, this is the highest-level layer that consist of broad environmental factors that impact to a greater or lesser extent on almost all organisations. Industry or Sector forms the next layer within this broad general environment; this is made up of organisations producing the same products and services. Competitors and markets are the most immediate layer surrounding organisations; here the concept of strategic groups can help to identify the different kinds of competitors. This chapter works through this three layers in turn. 1. THE MACRO-ENVIRONMENT The three concepts in this section are PESTEL, key drivers and scenarios these are interrelated tools for analysing the broad macro environment of an organisation 2.1. PESTEL framework The PESTEL framework categorise the environmental influences into six main types, namely: Political, Economic, Social, Technological, Environmental and Legal. Politics highlight...
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...Pocatello, ID, USA a The present study included observational and self-report measures to examine associations among parental stress, parental behaviour, child behaviour, and children’s theory of mind and emotion understanding. Eighty-three parents and their 3- to 5-year-old children participated. Parents completed measures of parental stress, parenting (laxness, overreactivity), and child behaviour (internalizing, externalizing); children completed language, theory of mind, and emotion understanding measures. Parent–child interactions also were observed (N 5 47). Laxness and parenting stress predicted children’s theory of mind performance and parental usage of imitative gestures and vocalizations accounted for unique variance in emotion understanding. Associations also were found between child behaviour and emotion understanding. Results provide support for direct and indirect associations between parent–child interactions and early social-cognitive development. Copyright r 2008 John Wiley & Sons, Ltd. Key words: parenting; theory of mind; emotion; parental stress INTRODUCTION Two important aspects of early social-cognitive development are theory of mind and emotion understanding. By 4–5 years of age children typically understand the representational nature of thoughts and beliefs (Wellman,...
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...motivated actions in an adaptive environment. It refers to making adjustments with people of different cultures to carry out business operations around the world. Cultural intelligence is of great significance in today’s employees as it is the basic necessity in deals around the globe. Many enterprises especially the family-owned ones still believe in the traditional form of business, whereby they hire employees whom they can easily trust and rely on. But in such cases it becomes difficult for the company to exploit the foreign markets as these employees may not have the necessary knowledge of cultural differences. Hence Cultural intelligence is of great importance in today’s world. For example, Lloyds TSB believes in hiring culturally intelligent people to enhance its customer relationships across the globe. Culturally intelligent individuals help to achieve the organisational goals in the local market conditions and give a competitive advantage to the local competitors. In this report, we try to analyse the importance of cultural intelligence in today’s global managers. To achieve this we will try to analyse the importance of cultural intelligence, analyse various components of it and find out other alternatives to...
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...to give you an opportunity to exercise your CVP analysis skills in a mixed non-profit/profit service context. As the controller of Prestige Telephone Company, you have been asked for an analyses of the 1997 first-quarter operating results for Prestige Data Services (a fully-owned subsidiary) and possible alternative courses of action to improve performance of Prestige Data in the future. Write a memo to Mr. Rowe (President, Prestige Telephone Company) and Ms. Bradley (Manager, Prestige Data Services) summarizing your analysis and recommending a course of action for Prestige Data Services. Mr. Rowe is considering four different course of action to improve the performance of Prestige Data Services. Discuss each of the options and the outcome you would predict from choosing that option. In addition to these four options, also discuss (1) the change in operating income you would expect for Prestige Telephone Company if Prestige Data Services was shut down, and (2) the number of hours Prestige Data Services needs to sell to outsiders to break even (as noted in guidance question #3 below). You will need to make some assumptions to proceed with your estimates --- you must describe and justify those assumptions. You must include well-labeled exhibits that support your assumptions, analyses and conclusion. Finally, suggest changes to the reports provided to Mr. Rowe for decision-making. The following questions are intended to guide you in the identification of important...
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...2. Bibliographic review In order to have a better understanding of the concept of trauma I resorted to one of the most important authors in relation to its study who is Sigmund Freud. He marked the beginning of a new understanding of the human mind with his theories about the unconscious, the psyche and the dream analysis, among others. From his work Of Mourning and Melancholia (1917), I could extract the concepts named in this title to employ them in the examination of Gemma’s trauma. As I am analysing in concrete Holocaust trauma, I also paid close attention to a more recent study of the mind, Dominick Lacapra’s History and Memory after Auschwitz (1998), that offers an explanation of some of Freud’s theories and an extended study of the...
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...How to Approach a Case This is not the only approach that exists, but it’s a worthwhile one to try as you get started. 1. GETTING ORIENTED It’s useful to think of a case analysis as digging deeper and deeper into the layers of a case. 1. You start at the surface, Getting Oriented and examining the overall case landscape. 2. Then you begin to dig, Identifying Problems, as well as possible alternative solutions. 3. Digging deeper, Performing Analyses you identify information that exposes the issues, gather data, perform calculations that might provide insight. 4. Finally, you begin Action Planning to outline short-, medium-, and long-term well-defined steps. Typically, you’ll need to repeat this process multiple times, and as you do, you'll discover new analytical directions, evolving your assessment of the case and conclusion. a. Case Analysis Overview Analyzing a case is not just about digging. It’s also about climbing back out to examine what you’ve unearthed, deciding what it means, determining what to analyze next, and digging some more. Often your examination of information about a problem will change your idea of what the real problem is and about what to analyze next. The process is similar to when a detective investigating a crime shifts his or her opinion about the most likely suspect as more clues come to light. Gather your materials and tools. These include the case and any other related materials to supplement your reading...
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... | Rules and regulations: | | |Plagiarism is presenting somebody else’s work as your own. It includes: copying information directly from the Web or books without referencing the material; | |submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your| |own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the procedures set down by the College. | |Please see your student handbook for further details of what is / isn’t plagiarism. | Coursework Regulations 1. Submission of coursework must be undertaken according to the relevant procedure – whether online or paper-based. Lecturers will give information as to which procedure must be followed, and details of submission procedures and penalty fees can be obtained from Academic Administration or the general student handbook. 2. All coursework must be submitted to the Academic Admin...
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...Land of the Lost Stewart O’Nan Everybody has tried to be lost, either in a physical place or in their own life and mind. This theme is the short story ‘’ Land of the Lost’’ about. Here experiences the reader the development of a woman, who gets more and more obsessed with a case about a missing girl. The short story never explains to the reader, if the woman finds the girl, and why she is so obsessed, which I will try to find out. I will analyse the main character, her obsession, the title and therefor will I analyse the ending of the story with the information, I discover. The events of the short story are being told as a 3rd limited person narrator, because we only see the events from the main character’s point of view, and how she feels. We see everything through her eyes. The short story is written chronologically and has no flashbacks or flash-forwards. So the reader doesn’t know, how the life of the main character has been in the past, except that she has two boys and is divorced. This makes the short story very mysterious, because the reader doesn’t see her thoughts very often and only see it from her perspective. Therefor the author holds some information back e.g. he doesn’t tell us, if she really finds the body, and why she is so obsessed, which I will try to find out. I can therefor conclude that the short story is written in 3rd limited person, chronologically and the author is holding back some information. The author never tells the reader, what the main...
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...Reliability of Freud’s narration of Dora. The case-study of An Analysis of a Case of Hysteria (Dora) is Sigmund Freud’s retold account and interpretation of an eighteen-year-old girl’s experiences throughout adolescence. Throughout the text, the matter of reliability is brought to focus. Due to Freud’s profession, his narration of Dora’s recount comes from a neuropsychological perspective. In Freud’s Afterword he states, “The disadvantage of this is that the reader is unable to confirm the correctness of my working method on the basis of my account” (100). In this quote, Freud highlights that his and Dora’s views completely differ from one another. How reliable is Freud’s interpretation of Dora’s personal truth? Freud’s patronising mannerism...
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...regularly sabotages himself from possible success. In another example, a patient may be unaware of these reoccurring patterns until the therapist leads him or her coming to terms and then appreciate them. In one of the other techniques applied in psychodynamic therapy where past experiences are brought in for discussion, the idea is mainly that past experience, especially early experiences of attachment figures, affects our relation to, and experience of the present Shelder (2010). Therapists with psychodynamic orientation explore early experiences, the relation between past and present, and the ways in which the past tends to “survive” and present itself in the present. The notion is then not to bring in the past for its own part, but rather for the purpose of illuminating the current psychological issues. Helping the individuals free themselves from the negatives of past experiences in order to live more fulfilling in the present is the ultimate goal in psychodynamic...
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...The international manager The world of management is undoubtedly complicated and confusing, but in the same time, it represents one of humankind’s most important inventions. Dating back since the 1900’s, management has helped in the creation of successful and well-known companies. One of the figures who contributed to the foundation of management was Henry Ford. Ford said some interesting and insightful words, which even now, underline the fact that a company means more than profit: “A business that makes nothing but money is a poor business.” We agree in every aspect with the profound meaning of the quote, but we, as students, have to ask ourselves what do we have to know in order to become proficient managers? First of all, what we need to keep in mind is that a good manager pursues daring goals, that will encourage creativity, ambition and innovation.(„Great accomplishments start with great aspirations.”-Moon shots for management). In order to become a successful manager one needs to ask himself: „Isn’t this worth trying?” rather than „Has anybody done this?” Drive and determination along with a drop of courage are required in the managerial role. Not since long ago, a question of „management’s age” put some problems among scholars and CEOs. They felt that the main issue concerning management, was that its fundaments were created decades ago, and because of the many improvements and innovations that occured, the principles needed some changes. The group tried to understand...
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...Marketing is the process of promoting a product or service to be sold to the consumer and keep it selling indefinitely. This assignment will cover the different aspects of marketing from the purchase decision making process that consumers go through, to the theories and factors that influence the consumer’s behaviour when making a purchase. It will also evaluate the relationship between brand loyalty, corporate image and repeat purchasing and how they are all related. When it comes to marketing, the most important factor that any business will need to consider is itself. When selling a product or service, the business will need to ensure its viable, otherwise it could lose the company money. To ensure this doesn’t happen, any business will have to analyse their markets and the different buyer behaviour of different consumers during the purchase decision making process. This is the process that a consumer goes through when purchasing a product or service. It consists of five stages, need recognition; information search; alternative evaluation; purchase decision and post purchase decision. Need recognition or problem identification is the first stage in the purchase decision making process. The consumer has identified that there is a need that needs to be fulfilled. This need has either been triggered by internal or external stimuli. Internal stimuli are the physiological needs felt by the consumer, such as hunger, tiredness or thirst. External stimuli are the advertisements...
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