Free Essay

Important

In:

Submitted By coldshot9302
Words 2455
Pages 10
1.0 introduction
Singapore Telecommunications (SingTel) started in the the year 1879 of as a company which was wholly-possessed by the legislature. Singtel is the largest telecommunication company in Singapore. Singtel have 130 years of telecom operating experience and not only that , they also played a major role in Singapores Develpment by being the key communication centre.Singtel is one of the top compananies in Asia for their telecommunication services , data services like 3G or 4G, internet and pay televisons. Singtel is not just only listed as the largest company in Singapore , but it is also listed in Optus a telecom company in Australia which is stands at the top for their integrated telecommunication services and poroducts.(about us, n.d.)
We are a significant interchanges player in Asia and Africa through our key ventures in five local versatile administrators, in particular Telkomsel (Indonesia), Globe Telecom (the Philippines), Progressed Information Administration (Thailand) and PBTL (Bangladesh).(About us, n.d.) The Gathering likewise has speculations in Bharti Airtel (India), which has critical vicinity in Sri Lanka, Africa and Bangladesh.As a key financial specialist, they work nearly with their members to develop the business, by leveraging their scale in frameworks, customer touch base at and broad operational experience .Singtel's offshoots profit not just from the association with Singtel

PESTEL

2.1 Political factor
Singapore is a political stable venture nation . The ministry of Trade and Industry and the ministry of Finanance are accountable for developing the economy in Singapore, encouraging genius endeavor enviroment and joint effort with industry masters will help manage it as a world class money related and business center point (political factor, 2010)

2.2 Economic factor
Despite the fact that globalization has blurred national boundaries, increased exchange,furthermore organizations and hence strengthened competition, it has also displayed opportunity for some companies to internationalize and grow their markets. Facts uncovered the utilization of information transfers gadgets and administrations have accordingly .Asia's Economy crisis has affected Singtel greatly as their comapny suffered a loss in the year 1999/2000 (economic factor, 2010). In the midst of the miserable monetary viewpoint, there are still open doors that Singtel can investigate and abuse.In Asia, the entrance rates of settled and cell lines were respectably lower than different landmasses.Nonetheless ,this entrance rates propose a high potential for development especially when it is around the late 1990s as economy is improving slowly.(economic factor, 2010)

So far the Singapore government has put vigorously in expanding the economy. This incorporates guaranteeing that the business division is well upheld and fortified by a defilement free nature's turf, an taught and spurred workforce and also an entrenched legitimate and monetary business skeleton. All these prompted the nonstop development of the tourism business, budgetary administrations, business counsel administrations and retail. In-arguably, the development in the different business parts presents Singtel the chance to expand its business generally. Regardless, the information transfers organizations are nearly connected to financial exercises in Singapore and the area. Thus, Singtel needs to be cognizant with the business cycle so it might be better ready to exploit the impacts such as progressions in optional wage and purchaser using design.

2.3 Social factor
Singapore is an eastern nation who still emphatically trusts in protecting customary family values albeit a portion of the more young period has started to change in accordance with western culture and qualities.(Social factor, 2010) Due to that, in this current era younger generations tend to be more 'kia su' a term which means perplexed about missing out to others and with this mind-set people tend to work harder each and everytime to fulfil their own materialistic desires.

To some degree this has emphatically expanded the country productivities and the business segments since they can expect a higher purchasing power from the customers. This presents an opportunity for information transfers organizations to build deals as well.

Progressively, Singaporeans are additionally getting to be more complex along these lines they will request considerably higher principles of value and administration particularly when there will be more decisions of information transfers suppliers.( social factor, 2012) This would be an opportunity for all three telecommunication provider to increase their earning by releasing their new products ans services

2.4 Technological factor
In this current generation everyone is reliant on technology. With the present technology , our work loads greatly reduces and infomation is as easy as just looking up through a small portable device called the smart phone. To many people now , internet is important no matter where they go as they need it in their everyday lives.

Singapore is a high technological driven country as technology is being used in our everyday lives no matter what were doing.Singapore is as of now a standout amongst the most mechanically praiseworthy nations.(Singapore, 8 Feb 2012).

Singtel could use our advancement in technology to boost our connnectivity range from a broadband system as inetrnet is important to all. Singtel could also use the advanment of technology to upgrade their machines so internet connection like 3G and 4G can have btr connections no matter where they are. By using this technnologies , it not only just solves theior users needs but also attracts more custimer to get their phones from Singtel rather than the other two competitors .The further moves up to our information transfers framework through the full conveyance of the Next Generation Nationwide Broadband Network will reaffirm our position as an info-communications center, and open new avenues to monetary open doors and social excitement."(Singapore, 8 Feb 2012)

2.5 Enviromental factor
As technology advances so does telecommunication and their equipments which needs to support the system. The enviroment is an important part of our everday lives and now it is considered as one of the most important impact factor in the telecommunication industry.(telecom sector , 20 March 2013)

One way Singtel can do to reduce the effects of our destruction of our enviroment is by using less combustioned produced electricity to power their machinery whereas they can and encourage to use other sources of energy like example solar energy which charges up elctricity and can be used later.(telecom sector , 20 March 2013)

2.6 Legal factor
Singapore tax policies is one of the numerous lawful components .Singapore's obligation procedures, though giving the essential wellspring of sponsoring for the council, attempt to enhance its fiscal force and pull in outside hypotheses. More remote wanders mean more business open entryways for Singtel. Singtel additionally need to take after the labor law with the goal that everybody is decently treated and no biasness will be included, along these lines everybody gets a reasonable treatment. On the off chance that Singtel does not take after anybody of the standards there possibly serious delayed consequence yet with the base discipline would begin off from fining the organization.(Legal factor , 2010)

Porter's Five Forces

3.1 Threats of new entrants ( low)
The entrance into telecommunications industry is exceptionally directed. Every potential entrants are required to acquire a license which was originally Telecommunication Authorities of Singapore (tas) which is now presently a part of Info-comm Development Authority of Singapore in short IDA(history, n.d) before they could even start any operation of their company in the country.As the operations of telecommunications administrations are exceptionally touchy and includes security issues, the government carefully evaluate each and every new entrants carefully leaving no spot for errors before they issue a license. Not only that but if new potential entrants want to get into business the would also require a heavy amount of fund to just start the company and if they want to sustain the company they would also need another huge amount of money to just keep it going. Built with respect to the reports of the 3 existing telecommunication organizations, a couple of billion dollars are required. (Chuan.G.W, july 2010). As the industry is being mostly controlled by Singtel, it discourages new entrants to even consider of fighting with them.To conclude, since the amount of barriers are high so the chance of having new challengers are low in percentage.

3.2 Threat of substitute
The imperatives of settled line is gradually diminishing as an accommodation technique. The risk of substitutes for settled line information transfers is high and even now expanding, particularly from versatile telephones and Voice over Internet Protocol (Voip) applications - which offer a more suitable and moderate plan B. However to fight against this threats the some major corporations , are often seen to promote the same kinds of offer.(Threats of substitute,2010)

3.3 power of suppliers
On one hand there is an absence of suppliers because of their particular capacity to supply intricate, dependable and geologically far reaching systems. One the other hand exchanging expenses occupant with the information transfers market are regularly high as ending long haul supply contracts could be troublesome. Given this equalization of force between suppliers and telecommunication organizations, the power of suppliers is moderate( Power of suppliers, 2010)

3.4 power of customers
Because of the expand accessibility of mixtures of communications and the low switching costs, the buyers’ power is high. For example, clients can decide to utilize Internet telephony over altered line benefits in making abroad call. The previous gives a feasible and moderate option for a few shoppers. The force of purchasers along these lines will be further fortified as the more youthful era regard altered line benefits as less suitable and advantageous to them. (Power of Customers, 2010)

3.5 Intensity of rivalry
The high capital speculations and also low versatility of settled possessions and base make it troublesome for the current information transfers organizations to retreat. This, coupled with decently low exchanging expenses for end-clients and decreasing market execution,has really headed to extraordinary contention in the Singapore information transfers market.market. Starhub and M1 being the biggest rival with large amounts of capital backup.which is why it poses a threat to Singtel in way like their name of their company which is their brand , their capabilities and lastly their knowledge on technology. To keep it simple , the conceivable open doors and dangers are attached in the table underneath. From the investigation of this firm, it could be concluded that the working environment of Singtel is exceptionally focused and loaded with vulnerabilities which implies that the organization can anticipate that that the earth will be the same or harsher later on. On the other hand, in the midst of the difficulties, there are still open doors for Singtel to investigate and adventure so as to keep up its status as the heading and most gainful information transfers organization in Singapore.(Intensity of rivalry, 2010)

4.0 Recommendation
Firstly, Differentiation strategy would be a good strategy as by using this strategy it would fulfill the needs of different customers.Singapore Telecom would proficiently deliver items/administrations with separated (exceptional quality) characteristics, while having the capacity to keep up expense in the meantime.(Zhu.A, n.d.).This would help the company gain more business by providing new services to satisfy their customers needs to gain the loyalty of their customers.Therefore, in conclusion, integrated cost leadership/differentiation strategy would enable Singtel to acquire cost advantages (by improving process efficiency),what's more have leeway with separation in it's products/services (i.e. cheaper rates with packages containing innovative products/services), picking up the reliability and fulfillment of clients all the while(Zhu.A, n.d.)

Secondly,concentric diversification would be another perfect strategy as a recommendation as by using this strategy , Singtel will be progress by developing new products or new services that can help them get into new markets as a form of expansion in their business trade. Singtel develop from the fix-line telecommunication to the versatile administration and e-business, yet at the same time utilizing the same assets(Key success factors, n.d.) Thirdly,Strategy clock is another way as this method would uses Micheal porters 3 generic strategies and expands them so that there are more rooms for thinking plus strategist by comparing their results with their competitors.This visualization permits organizations to further explore precisely what each one organization offers while picking the most ideal approach to keep afloat rivalry.(bowman's strategy clock, n.d.) Utilizing the aides, organizations can hope to measure up their administrations or items to those in the same business. Most different procedures essentially offer thoughts based around low costs and saw esteem, however this is excessively fundamental for organizations to investigate.(Bowman's Strategy Clock, n.d.)

Lastly, international growth strategy is the last strategy that is recommended so there might be a chance Singtel will be even more successful in future as this method expands outside its home markets to get access to new clients, to spread its business hazards over a more extensive business build or to underwrite with respect to its center skills(International , n.d.)

5.0 Conclusion
As seen from my PESTEL analysis, Singtel in Singapore is very stable and it is the one dominating the telecommunication industry in Singapore.Singtel is stable as the government in the country cooperate with masters of the industry and get the economy and stability of Singapore running smoothly.through social factor Singaporeans are hard working due to their mindset of missing out which supports the well-being of the country even more. Singtel accepts new technology fast as technology is closely related to the telecommunication industry as in this present ear almost everyone is using a smart phone which makes all our lives easier and Singtel supports it greatly. Singtel also slowly changing the power source so that our environment wont be destroyed by us.

For Porter's Five Forces, threat of new entrants is very low for Singtel as Singtel dominated the telecommunication industry in Singapore as compared to the other 2 M1 and Starhub. Whereas for Threats of substitution, it is high as this is easily replaced by Voice over Internat Protocol( VIOP) a system where is way cheaper but for companies like Singtel they are sometimes seen to offer the same kind of promotions themself.For the bargaining power of suppliers , Singtel is only moderate because some long term contracts might be too troublesome for both parties.Bargaining power of customer is high as customers all want things that are cheap and high in quality which is why demands are high for Singtel . Lastly, there is high as not only there s Singtel , but also M1 and Starhub which is also major in the Telecom industry ,but nonetheless they may be strong Singtel still sustain their position at the top of the industry.

Similar Documents

Premium Essay

Important

...Why is International Trade important? International trade takes the world’s economy to the top position. It is important to carry out the trading at international level as some of the resources that are available in some countries are not available in others. So those people who do not have the resources with them can have the resources by importing them from other countries. So, trading becomes important and necessary in this scenario. Trading internationally involves sending what the native country produces the best to other countries and buying what other countries are producing best. This trading can improve the economy of the native country and helps in development of the country. International trading decreases poverty, generates employment, develops the economy and increases the income of the nation. The country which is in developing stage can consider the international trade as an advantage as it brings lot of financial gains to it. The funds that are acquired through trading internationally can be utilized in their best for the needs of the people in the country. Most of the developing countries tend to improve industrialization. But, they also were observed to get the raw materials available as resources with them to the international market. Some of these materials include timber, agricultural products and minerals. The Sub Saharan African nations earn about ninety percent of their income through international trading by exporting the raw materials...

Words: 365 - Pages: 2

Premium Essay

Important

...Eat plenty of vegetables, legumes and fruits a) This is important because we get many vitamins and minerals from these food groups. We need these micronutrients to perform and regulate many different functions in the body. We also get some energy from sugar and starch. Each type of fruit and vegetable gives us different nutrients, so we should make sure to eat several serves each day of different ones. We can also get some fibre from legumes, and a little from other vegetables and fruit. Fibre helps us avoid constipation, decreases our risk of colo-rectal cancer, slows down the absorption of sugar and is good for the health of our GI tract. a) I did not eat enough fruit or vegetables. On one of the days I ate no vegetables at all, and on the other two days I ate only two or three serves of salad. The guidelines tell me that I should eat five serves of vegetables each day. I ate one piece of fruit every day, but I should eat two so this isn’t enough. b) I hate vegetables so I rarely eat them. I do eat some kinds of salad (e.g. tabbouleh) but I can’t stand cooked vegetables. My family doesn’t eat vegetables as part of our diet, so there is no encouragement for me to eat them. I like fruit and I make sure to eat it every day because I know it’s a healthier snack than chocolate or crisps, but I didn’t know that I should eat two serves every...

Words: 260 - Pages: 2

Premium Essay

Important

...Motivation Maslows Hierarchy of Needs Maslow's hierarchy of needs is a theory in psychology, proposed by Abraham Maslow in his 1943 paper A Theory of Human Motivation.[2] Maslow subsequently extended the idea to include his observations of humans' innate curiosity. His theories parallel many other theories of human developmental psychology, all of which focus on describing the stages of growth in humans. [pic] Physiological needs For the most part, physiological needs are obvious — they are the literal requirements for human survival. If these requirements are not met, the human body simply cannot continue to function. Air, water, and food are metabolic requirements for survival in all animals, including humans. Clothing and shelter provide necessary protection from the elements. Safety needs With their physical needs relatively satisfied, the individual's safety needs take precedence and dominate behavior. These safety needs manifest themselves in such things as a preference for job security, grievance procedures for protecting the individual from unilateral authority, savings accounts, insurance policies, reasonable disability accommodations, and the like. Social needs After physiological and safety needs are fulfilled, the third layer of human needs are social and involve feelings of belongingness. Humans need to feel a sense of belonging and acceptance, whether it comes from a large social group, such as clubs, office culture, religious groups, professional...

Words: 6076 - Pages: 25

Free Essay

Important

...The PsychSim5 Activities PsychSim 5: PSYCHOLOGY’S TIMELINE Name: Abdul Hasssan Section: 6 Date: This activity will take you on a tour through the history of psychology. You will learn how psychology grew out of philosophy and medical physiology, and will become acquainted with some of the pioneers of psychology as a scientific discipline. Famous Psychologists Can you think of any famous psychologists from psychology’s history? The Early History: Philosophers and Scientists Match each of the philosophers and scientists with their descriptions AND write in the approximate year of their contribution. ______ Aristotle (______) 320 b.c. A. British philosopher, empiricist ______ Darwin (______) 360 b.c. B. Greek philosopher, nativist ______ Descartes (______) 1600 C. British biologist ______ Helmholz (______) 1700 D. German physiologist ______ Locke (______) 1830 E. French philosopher, nativist, and dualist ______ Plato (______) 1860 F. Greek philosopher, empiricist Pioneers of Psychology Match each of the pioneers of psychology with their descriptions AND write in the approximate year of their main contribution. ______ Calkins (______) 1879 A. Studied memory ______ Ebbinghaus (______) 1882 B. First psychotherapy ______ Freud (______) 1885 C. First lab in USA ______ Hall (______) 1888 D. Used introspection ______ James (______) 1890 E. First comprehensive textbook ...

Words: 7843 - Pages: 32

Premium Essay

Important

...Audit From Wikipedia, the free encyclopedia For other uses, see Audit (disambiguation). The examples and perspective in this article may not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (January 2010) This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (October 2010) Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Constant Item Purchasing Power Accounting · Cost of goods sold · Debits and credits · Double-entry system · Fair value accounting · FIFO & LIFO · GAAP / International Financial Reporting Standards · General ledger · Historical cost · Matching principle · Revenue recognition · Trial balance Fields of accounting Cost · Financial · Forensic · Fund · Management · Tax Financial statements Statement of Financial Position · Statement of cash flows · Statement of changes in equity · Statement of comprehensive income · Notes · MD&A · XBRL Auditing Auditor's report · Financial audit · GAAS / ISA · Internal audit · Sarbanes–Oxley Act Accounting qualifications CA · CCA · CGA · CMA · CPA · CGFM · APA This box: view · talk · edit The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar...

Words: 1802 - Pages: 8

Premium Essay

Important

...Philippine Journal of Science 139 (2): 161-166, December 2010 ISSN 0031 - 7683 Waste Chicken Feather as Reinforcement in Cement-Bonded Composites Menandro N. Acda Department of Forest Products and Paper Science, College of Forestry and Natural Resources University of the Philippines Los Baños, College, Laguna 4031 Philippines This study investigated the use of waste chicken feather (barbs and rachis) as reinforcement in cement-bonded composites. A series of composite boards consisting of various proportions of waste feather, cement, sand, and chemical admixtures were prepared. Mix workability decreased significantly as the proportion by weight of feathers or ground feathers increased from 5% to 20%. Boards containing 5% to 10% fiber and/or ground feather by weight showed comparable strength and dimensional stability to commercial wood fiber-cement composites of similar thickness and density. Stiffness, flexural strength, and dimensional stability of the feather-cement boards decreased as the proportion of feathers was increased above 10%. Higher proportions of feather, however, showed significant reduction in modulus of elasticity (MOE) and modulus of rupture (MOR), and increased water absorption and thickness swelling after 24 hours of soaking in water. Key Words: Barbs, Chicken Feather, Cement Composites, Coupling Agent, Dimensional stability, Hygroscopicity, Keratin, Silane, Superplasticizer INTRODUCTION Chicken feathers are waste products of the...

Words: 4170 - Pages: 17

Premium Essay

Important

...Combined heat and power (CHP) can offer a variety of economic benefits for large energy users. The economic benefits of CHP can include: * Reduced energy costs: The high efficiency of CHP technology can result in energy savings when compared to conventional, separately purchased power and onsite thermal energy systems. To determine if CHP is likely to offer a compelling return on investment at a particular site, the costs of the CHP system (capital, fuel, and maintenance) should be compared to the costs of purchased power and thermal energy (hot water, steam, or chilled water) that would otherwise be needed for the site. * Offset capital costs: CHP can be installed in place of boilers or chillers in new construction projects, or when major heating, ventilation, and air conditioning (HVAC) equipment needs to be replaced or updated. * Protection of revenue streams: Through onsite generation and improved reliability, CHP can allow businesses and critical infrastructure to remain online in the event of a disaster or major power outage. Determining the economic value of CHP as backup power is explored in the white paper, Calculating Reliability Benefits. * Hedge against volatile energy prices: CHP can provide a hedge against unstable energy prices by allowing the end user to supply its own power during times when prices for electricity are very high. In addition, a CHP system can be configured to accept a variety of feedstocks (e.g., natural gas, biogas, coal, biomass)...

Words: 602 - Pages: 3

Premium Essay

Important Things

...Important Things I have many important things in my life that I could not live without. From people I know, to places I visit, even the music I listen to all means something to me. The very first thing that comes to mind when someone asks me what is important to me are the people that are important to me. My sister Krista is by far the best sister I could ever ask for; if I need anything she would be the first person that I go to for help. For example one time I got kicked out of a party at 3am and Krista came to pick me up. She is always there to talk about my problems and help me out. Obviously like any other normal siblings we do argue a lot, but it never lasts for very long. Krista is by far my favourite family member. Another person in my life that is extremely important to me is my nephew Cole. He is one year old and is the cutest baby I have ever seen. Cole can cheer me up even when I am in the worst mood. I remember one time I was having the worst day and nothing seemed to go right. I was being rude to everybody and nothing could make me smile. When I got home from school my sister showed up for a surprise visit with Cole and I instantly got the biggest smile on my face. It is impossible for me to be in a bad mood around him. Another thing that comes to mind when I'm asked what is important to me are the material things. I could never live without my iPod; I have a different playlist of music for every type of mood I am in. Music makes me happy when I'm upset...

Words: 561 - Pages: 3

Premium Essay

Why Is It Important

...Donald Fletcher bravo company 302d bsb  Camp Casey Korea why is it important to follow orders Donald Fletcher bravo company 302d bsb  Camp Casey Korea why is it important to follow orders There are many reasons why a soldier should follow all of the orders they are given because every one of them is important in any circumstance. An order is a task given to a soldier that has to be done in a certain period of time in an efficient manner. There are three main reasons of why it’s important for a soldier to follow the orders they are given: To be disciplined, an effective combat, and be a good soldier and love your job. When a soldier doesn’t follow the orders they were given it doesn’t only affect them it affects everyone in the team and the goals they have set for the mission. When soldiers don’t follow the orders, the objectives are hurt and the chances of winning the war. When you’re in the army you need to stop and think if it will harm you or your battle buddies. When a soldier doesn’t follow orders while in combat zone it makes the mission ineffective, if a single soldier in the unit is combat ineffective it lowers the chances of winning, making the leaders deal with a soldier that can’t handle the workload of the unit. For example if Sergeant tells a private to prepare the guns before they go out for the mission the sergeant is telling the private to get the guns ready so they can be fully functional and help out when its needed in the fight. It doesn’t matter if...

Words: 1435 - Pages: 6

Premium Essay

Important Ideas

...Important Ideas Katrina Doughty Microeconomics- 4 ECO 3028-4 Select the top ten (10) most important ideas / concepts you learned in chapters 27& 28 of your textbook. Chapter 27: 1. Two basics forms of government regulation of business is economic and social regulation. I can’t think of how economic regulations affect me, but I do have friends that are affected because in order for them to enter a business they must have a license like working in a hair salon or becoming a lawyer. Social regulation affects me because I have to have a permit in order to carry a weapon. 2. Bundling is when you get two or more products for sale as a full set. When I bargain stop I look for deals and I receive my living room suit that was a seven piece for under $2000 dollars. 3. Natural monopoly occurs when a firm can supply the entire market lower price than two or more firms. This affects me because look to get the lower prices, but the goods or service has great quality. You cable television, trash collections, electric power are examples of natural monopoly. 4. Antitrust laws- One case of antitrust laws that I u because use is Microsoft because they bundled their Microsoft internet explorer with Microsoft Windows products. Antitrust is in place to protect the consumers and small businesses. 5. Relevant Product Market is determined by the demand-side, supply-side, and potential competition. This affects me because I tend to switch from...

Words: 554 - Pages: 3

Free Essay

Important Articles

...Obesity Lessons for Liberals and Conservatives The obesity rate among low-income children in the United States is increasing at an alarming rate. Approximately one out of three kids is now considered overweight or obese. Although there are several options that could improve this problem, I believe that the W.I.C. reforms issued by the U.S.D.A. are a step in the right direction for reducing the obesity rate. According to a study conducted by Columbia University’s Mailman School of Public Health, “New York was the first state to implement the new W.I.C. food package and is the first to report that changing the foods provided to children under the program helped to improve their eating behavior and achieve healthier weights.” By including healthier food items that can be purchased under the W.I.C. program, low-income mothers can now expose their children to a more nutritional lifestyle. I am encouraged that changes to the program have yielded positive results. Parents have demanded and supermarkets have responded to provide access to fresh, healthy foods in low-income neighborhoods. Another way that parents can prevent childhood obesity is to help kids stay active by participating in daily physical activity such as walking, swimming, and dancing. Even though government incentives such as the W.I.C. reforms are having a positive impact on the obesity rates, parents still need to do their part and motivate their children to pursue an active and healthy lifestyle. Bibliography ...

Words: 515 - Pages: 3

Premium Essay

Vrio Important

...See discussions, stats, and author profiles for this publication at: http://www.researchgate.net/publication/229781501 Knowledge Based Resources, Entrepreneurial Orientation, and the Performance of Small and Medium-Sized Businesses, Strategic Management Journal, Jg. 24, S. 1307-1314 ARTICLE in STRATEGIC MANAGEMENT JOURNAL · DECEMBER 2003 Impact Factor: 3.78 · DOI: 10.1002/smj.360 CITATIONS READS 574 4,455 2 AUTHORS: Johan Wiklund Dean A. Shepherd Syracuse University Indiana University Bloomington 92 PUBLICATIONS 5,206 CITATIONS 189 PUBLICATIONS 7,587 CITATIONS SEE PROFILE SEE PROFILE Available from: Johan Wiklund Retrieved on: 06 November 2015 Strategic Management Journal Strat. Mgmt. J., 24: 1307–1314 (2003) Published online in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/smj.360 RESEARCH NOTES AND COMMENTARIES KNOWLEDGE-BASED RESOURCES, ENTREPRENEURIAL ORIENTATION, AND THE PERFORMANCE OF SMALL AND MEDIUM-SIZED BUSINESSES JOHAN WIKLUND1 * and DEAN SHEPHERD2 1 Center for Entrepreneurship and Business Creation, Stockholm School of Economics, Stockholm, Sweden and Jonkoping International Business School, ¨ ¨ Jonkoping, Sweden ¨ ¨ 2 Leeds School of Business, University of Colorado, Boulder, Colorado, U.S.A. and Jonkoping International Business School, Jonkoping, Sweden ¨ ¨ ¨ ¨ While theory suggests that management has discretion in manipulating resources in order to build ...

Words: 5195 - Pages: 21

Free Essay

Its Not so Important

...PhDbox.in, your guide to professional PhD thesis PhDbox.in is one of its kind research consultancies which provides PhD students superior quality PhD thesis writing and editing services. With our expertise and extensive presence in the field of research, we are assisting PhD students across India. The thesis proposal is one of the utmost important aspects of PhD. However, due to lack of knowledge and experience, many students struggle to deliver a proper PhD thesis paper. On the other hand, a quality research paper needs end-to-end knowledge of the research methodologies and the subject. Not only is that, the presentation and logical flow of the content equally important to achieve a good grade. At PhDbox.in, our services range from helping students preparing their thesis proposal to helping them in all aspects of their PhD, including editing the research papers. We have a team of highly professional academic writers from the best universities across the world, who help us deliver the best in quality research papers. Their proficiency also helps us to offer consulting services in different subjects. However, it is not only the quality, our customised services, 24/7 customer services, on time project delivery and 100% plagiarism free services also make us unique. During the research paper creation process, our team helps the students with prompt service at all the required stages. Nevertheless, our service is affordable to all the PhD students. On top of that, we provide...

Words: 334 - Pages: 2

Free Essay

Important of Business

...Case Study Letterman or Leno: A Groupthink Analysis of Successive Decisions Made by NBC By analyzing two consecutive decisions made by the same group of executives at National Broadcasting Company (NBC) Neck (1996) explored the role leadership played in enhancing groupthink in the first case and mitigating it in the second. When Johnny Carson, the 30-year host of The Tonight Show (NBC’s flagship late-night television show), retired, the NBC executive group was faced with two decisions. Who would take over from Carson: Jay Leno or David Letterman? The second decision involved determining what to do with the late night star that didn’t take over the show. In the first decision, all the antecedents of Janis’ groupthink model were present. The decision-making group, led by Bob Wright (President of NBC), was cohesive, insulated from outside opinion, homogeneous and under stress to make the right decision. Wright’s view was that Leno would be a better host and he actively voiced his opinion at the outset, “…NBC had established over 30 years an audience that expected certain things, and Jay Leno looked like the perfect successor to that, while David Letterman remained the ideal performer for the 12:30 show.” No one in the group challenged the leader’s view and NBC chose Leno over Letterman. This decision proved disastrous for NBC as Letterman accepted a contract with CBS for his Late Show and competed head to head with Leno’s show and won the competition in both ratings and advertising...

Words: 457 - Pages: 2

Premium Essay

Important and Roles

...4. CONTROLLING. PLANNING: Planning involves choosing tasks that must be performed to attain organizational goals, outlining how the tasks must be performed, and indicating when they should be performed. Planning activity focuses on attaining goals. Managers outline exactly what organizations should do to be successful. Planning is concerned with the success of the organization in the short term as well as in the long term. ORGANIZING: Organizing can be thought of as assigning the tasks developed in the planning stages, to various individuals or groups within the organization. Organizing is to create a mechanism to put plans into action. People within the organization are given work assignments that contribute to the company’s goals. Tasks are organized so that the output of each individual contributes to the success of departments, which, in turn, contributes to the success of divisions, which ultimately contributes to the success of the organization. INFLUENCING: Influencing is also referred to as motivating,leading or directing.Influencing can be defined as guiding the activities of organization members in he direction that helps the organization move towards the fulfillment of the goals. The purpose of influencing is to increase productivity. Human-oriented work situations usually generate higher levels of production over the long term than do task oriented work situations because people find the latter type distasteful. CONTROLLING: Controlling is the following roles...

Words: 595 - Pages: 3