...Chapter 1: Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage I. Overview a. Strategy: set of related actions that managers take to increase their company’s performance b. Strategic Leadership: about how to most effectively manage a company’s strategy-making process to create competitive advantage c. Strategy Formulation: selecting strategies d. Strategy Implementation: putting strategies into action II. Strategic Leadership, Competitive Advantage, and Superior Performance e. Superior Performance i. Two reasons why maximizing shareholder value is the ultimate goal 1. Provide a company with risk capital a. Risk Capital: capital that can’t be recovered if a company fails 2. Shareholders are legal owners of a corporation ii. Shareholder Value: returns that shareholders earn from purchasing shares in a company 3. Comes from capital appreciation and dividend payments iii. Measuring Profitability 4. Return on Invested Capital (ROIC) b. ROIC= (profit/capital invested) iv. Measure Profit Growth by the increase in net profit overtime 5. Can grow profits if: c. Sell products in markets that are growing rapidly d. Gain market share from rivals e. Increase the amount sold to existing customers f. Expand overseas ...
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...computer rooms. Operations’ role is larger than just that of implementer of strategy; it is the foundation for – indeed, the driver behind – successful strategic attacks and defenses. The important implication for company leaders: companies that fail to exploit fully the strategic power of operations will be both hampered in their own attacks and vulnerable to those of competitors that do exploit this power. Nowhere is this clearer than in cases where large companies that have established a powerful, well-entrenched competitive position (possibly by following a clear strategy) are attacked successfully by competitors that lack both position and strategy. Indeed, again and again we observe small companies that – although lacking the advantages of size, experience, established position, and proprietary technology – take on big companies and in a relatively short time push...
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...Taking online classes and reaching one's maximum potential can be quite a challenge. In order to complete classes one must be able to set realistic goals and time-lines. A plan must be designed to incorporate work, family, and school. Last but not least, one must face the challenge of not physically being present in a classroom setting. Online classes can be a unique challenge, however; it is not impossible to successfully complete courses. Realistic goals and time-lines are almost always the key to being successful in anything one may do, online classes are no exception. Setting goals at the beginning of each course as to the grade one would like to achieve. Another goal that could be set is what does one want to learn and get out of the particular course. Tasks must be set in place for each day that the individual knows that they can accomplish. For instance, on day one of an assignment, complete all the necessary reading. Day two listen to any video lectures and read over instructor notes. Day three do homework and any class assignments. Day four review any notes that you have taken and the feedback form instructor as you are preparing for the test that week. Setting goals and time-lines help to keep you on track and where you need to be with the lesson. A plan must be designed to integrate school, work, and family to maintain an equal balance. Working and taking classes of any kind proves to be a challenge. Most people work at least 40 hour work weeks, but some people...
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...cult favorite “Arrested Development”, the company revived the show for a fourth season. It initially received mixed reviews from critics but has attracted a high number of viewership. The company has also allowed rampage viewing of exclusive content in order to differentiate itself from competitors. Secondly, Netflix always gives the audience what they want so they will subscribe. People always want ways to watch what they like and when they want. The company has tried to change the model from the inside with their own content. The company has forgone the strict windows where people cannot see a movie for ages if they miss it in theatres or get a boxed set of their favorite TV show for a year plus. In addition, Netflix has competitive advantages with regard to * Selection * Convenience and * Price...
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...INTERNATIONAL BUSINESS Name Institution Date V b b b b b b b b b b b n n n n n n n n n n n n n n n n n b b b b h h jj h h n n Thesis Statement: Utility of Stakeholder Theory for Sustainable Business Introduction Strategies employed by international companies to gain competitive advantage over their rivals differ from one company to another. One way of doing this is ensuring that they are environmentally conscious in how they partake their activities. In this modern age, they should not only focus on profit making but also consider how their activities affect the stakeholders of the business; hence the stakeholder model. The Stakeholder Model Unlike the traditional economic model that focused on the main goal of profit making, the Stakeholder theory focuses on more values and ways to make the stakeholders comfortable in the business. A business has more than the three employer,employee,supplier as stakeholders .The stakeholder model thus looks to balance out all these stakeholders in order to reduce any conflict that may arise from the all-inclusive environment. It is important for any company to recognize its social obligation in society in order to abide and custom its operations in the same line. Figure 5.23 presents the different dimensions of social aspect of community such as pollution, health care to employees among other societal obligations. In order to measure a company’s social and environmental performance, the triple bottom- line accounting caters for...
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...1. Of the major pricing strategies discussed in this chapter, which one best describes JCPenney’s “Fair and Square” pricing strategy? The one that best described their pricing strategy is good-value pricing because good-value pricing offers just the right combination of quality and good service at a fair price. 2. Compare JCPenney’s former traditional approach to pricing versus the “Fair and Square” pricing strategy. Discuss the advantages and disadvantages of each. The advantage of the former approach was that the customers could expect for the store to have a sale. The disadvantage of the former approach was that it didn’t help to build the company’s brand because consumers were able to go anywhere to find a sale. The advantage of the “Fair and Square” pricing strategy was that they always offered a low price. The disadvantage of this strategy was that because it was not implemented soon enough, it could not keep customers coming into their store or persuade new ones to visit their store. 3. Discuss the role of product, place, and promotion in connection to “Fair and Square” pricing. The role of product is that the company has decided to add more name brands to their stores. The role of place is that the company decided to remodel their stores to make them more appeasing to their customers. The role of promotion was used in conjunction with their new pricing by eliminating the use of previous pricing and just cutting pricing completely. 4. Did “Fair...
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...The Financial Accounting Standards Board, the guideline making association for sound accounting standards, has issued two guidelines influencing the charitable part. These models will have the most noteworthy effect on philanthropies in more than 20 years. The two guidelines are Financial Accounting Standard No. 116, managing commitments made & got, & Financial Accounting Standard No. 117, managing monetary articulation group. Agreeability with both models is needed for a considerable length of time completion December 31, 1995 & past, with a discretionary one year delay for little associations which are those with yearly consumptions under $1000000 & aggregate possessions short of what $5000000. The effect of FAS 116 & 117 is extensive to the point that all levels of operations at a charitable will be influenced - not only the bookkeeping office. For instance, advancement officers will need to know the accurate terms of commitments keeping in mind the end goal to accurately record them under the new norms, lawful help may be required to focus the best possible treatment for blessing trust additions & misfortunes, & machine support may be obliged to suit the new reporting prerequisites. The accompanying is an outline of the two new gauges. FAS 117 on Financial Statement Display:- A set of monetary proclamations ought to incorporate an accounting report, articulation of action, proclamation of money streams &, for intentional wellbeing & welfare...
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...Intro to Spotify Spotify is a revolutionary software which allows its users to stream millions of songs on demand. Users can access music on computers, mobiles, tablets, cars and gaming consoles. Spotify was launched in 2008 by the Swedish entrepreneur Daniel Ek. Since its launch in 2008 Spotify has grew rapidly, available in 58 markets, upwards of 75 million active users of which over 20 million are paying subscribers, all with access to over 30 million songs. Subscribed users pay a fee of £9.99 a month which allows for ad free listening, highest quality audio and it allows the user to create and download playlists for offline listening. Each time a user streams a song Spotify pay the rights holders royalties. Currently Spotify are paying 70% of their overall revenue to rights holders and have paid out more than $3 Billion USD in royalties to date. SWOT analysis Spotify’s biggest weakness is that artists argue they are not being paid fairly, the average amount the artist earns per stream is $0.007 as appose to £12 for an album. Taylor Swift’s decision to leave Spotify generated a lot of bad press damaging their reputation. Spotify’s argument is that they are paying the rights holders a fair price but it’s the record labels who are not paying artists fairly. Also they claim that paying subscribers are paying on average more on music monthly than if they were to pay for downloads and physical copies. Another weakness is that 90% of Spotify’s revenue is generated by paying...
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...If there has been no alerts, the selected rule set was set may not have been enabled by the user. Another scenario where alerts may not occur is when another task is being performed. According to (Roesch, 1999) when alerting is unnecessary or inappropriate, such as when network penetrations tests are being performed. 2. If we only went to a few web sites, why are there so many alerts? Snort IDS performs numerous functions that would generate an alert. Alerts are generated based on any suspicious network activity. Although a user may have only visited 5 sites, snort may have generated 12 or more alerts that were generated due to anomalies detected from the 5 sites visited. 3. What are the advantages of logging more information to the alerts file? The advantage of logging additional information within the alerts file is that it can provide additional information as to the origination or source of what caused the alert. If the administrator is better informed on the sources of any anomalies or suspicious activity, he/she can make adjustments to prevent the known source from continuing to make unwarranted attempts to access the network. 4. What are the disadvantages of logging more information to the alerts file? One of the disadvantages of logging more information is that if that information was compromised by an outside threat, the information could...
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...potential customers are insulted and potential and current employees are unhappy with the association. One individual makes a fault, the entire company is threatened and this is bad for the reputation of the firm. Desired Outcomes – A desired outcome for Dewey Ballantine LLP is for this case to go away as quickly as possible. Another desired outcome would be an apology in front of the press and the student associations. Possible Solutions – The first strategy that Dewey Ballantine can do is to set out aside counsel to take a look and also communicate its opinions about the firm to the public. This could be an advantage to how the firm can improve it-self to show it is progressive with issues. The disadvantage would be that people especially Chinese won’t believe the response is adequate. The second strategy that Dewey could do is to play it off as a joke. The advantage of this would be that some people would accept that dogs are eaten and empathized with Mr. Getter for saying something like that. The disadvantage would be that some people could be self-centered and be offended by such an attempt and would be still upset; putting Dewey Ballantine LLP in a worse...
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...CASE: Oilwell Cable Company, Inc. Question 1: The advantage of proceeding without passing it by the team is that the process will be much faster and somewhat cheaper. Norm runs considerable risk, however, if he does not discuss the microprocessor decision with his production team. If he does not pass the decision by the team, they may assume that it is a management attempt to reduce the size of the work force. The case makes it clear that the company depends on a small, loyal workforce. If even one of them becomes disgruntled, it could have significant impact on the quality and productivity of the plant. This decision, because it, in fact, will not displace workers, seems well within the comfort zone of the team. An old adage says that you do not ask a question unless you are prepared to hear the answer. It is entirely possible that the team, mindful of recent cutbacks, will think that this improvement is really about cutting more jobs and turn it down. Another possibility is that they may delay implementation by asking for further study, or suggesting alternate solutions. As noted in the previous question, they can think that regardless of whether they are asked for an opinion or not. The advantage of asking is that the issues are out in the open, and management maintains the loyalty of the employees. Based on the description of the company and their success, halting this improvement seems a small price to pay for the support of the employees. Management...
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...Integrative Case Analysis – Competitive Strategy eHarmony Industry Structure and Value Creation/Capture From times immemorial, with the possible exception of Adam and Eve (whose marriage was probably made in heaven anyway), finding a life partner on Earth has been a difficult task. Wars have been waged, monuments erected and kingdoms won and lost, in partner-acquisition endeavors. People have used numerous techniques, institutions, practices and systems over time to try to perfect the art of finding a partner that they could be happy with. Yet no system is universally accepted as a formula for success. The Internet in the mid-to-late 1990’s offered the promise of making the partner search process more efficient, quicker (for some), less onerous, and less emotionally draining than other means. This led to the creation of a new Industry – the Online Personals Industry – which I would define as “a collection of online services built specifically to cater to the needs of those looking online for a relationship partner, whether for marriage or long-or-short-term companionship”. By leveraging the power of faster communication, access to a large number of candidates and intelligent learning systems to suggest possible matches, online personals sites had an opportunity to carve out a non-trivial share of the matchmaking or partner-finding “market”. Technology had the additional benefit of bringing together people from distant geographies (I have a Chinese-American friend who met...
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...sculptures and installations. Donovan, whose work is composed of everyday objects like pencils and toothpicks, has explained, "It's all about perceiving this material from a distance and close up and how the light interacts with it." View more of the artist's work at pacegaUery.com. S R T G IS STUCK. For too long the business world an inflection point. Thefieldof strategy needs to acT AE Y has been obsessed with the notion of building a sus- knowledge what a multitude of practitioners already tainable competitive advantage. That idea is at the know: Sustainable competitive advantage is now the core of most strategy textbooks; it forms the basis exception, not the rule. Transient advantage is the of Warren Buffett's investment strategy; it's central new normal. to the success of companies on the "most admired" lists. I'm not arguing that it's a bad idea—obviously, The Anatomy of a Transient Advantage it's marvelous to compete in a way that others can't Any competitive advantage—whether it lasts two imitate. And even today there are companies that seasons or two decades—goes through the same create a strong position and defend it for extended...
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...proposing a plan, it must be direct and entail all of the necessary elements to be successful. The issue I have would have to learn what is of mere importance verses least important as I tend to prioritize all designs. I think sometimes that all ideas should be implemented and I may confuse what to add in the plan and what to leave out. In this case I have decided to use the key tools throughout this book and course to aid in making me better at dealing with these challenges. Innovating the plan is not my issue but knowing what exactly is the priority is what the main focus is. I know that the goal is to enhance the competitive advantage and maximize profits over another but it also entails having a good customer service tactic. If the employees are friendly and customer based with good useful and helpful products, it makes it easier to have the advantage. I want to learn how to use what I have and expand on the ideas and to a certain extent be able to perfect it even if it entails a mild trial and error form. I know I will overcome these challenges if I just focus on the merits of the design and use my skills and knowledge to speak for itself in the...
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...The Advantage And Disadvantage Of Technology On Society Advantages and Disadvantages of Technology on Society Annie Martin Professor Marin CS 105 March 10, 2010 Abstract Today’s society is heavily influenced and affected by technology. My paper will explain and highlight many advantages and disadvantages of technology on society. It will discuss some ways it can hinder reputations and how private matters can become public property because of technology. My paper will also reveal how technology can bring people closer together, although many people may beg to differ. Today’s society is driven and greatly influenced by technology. This can be a beneficial fact, and it can also be detrimental and yield major problems. Whether one is using a digital camera in order to snap a photo of a precious moment, or whether one is sneaking and videotaping an embarrassing video that will last forever, these are components of technology that effect society because it effects people. It is in the eye of the beholder of whether technology has more or less advantages than disadvantages on society. My paper will discuss some advantages and disadvantages of technology on society. There are many advantages of technology. Technology allows people to email, text, talk on the telephone, mow the lawn, vacuum carpets, blend food, straighten hair, add numbers, and the beneficial list goes on. Without technology, people would not be able to keep in touch with loved ones as...
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