...RESORTS IN THE USA CASE STUDY Table of Contents: 1. Abstract…………………………………………………………………..3 2. Question 1: What are the most important changes in the environment that have contributed to the drop in revenues?..................................................4 3. Question 2: Why is management a more important success factor for ski resorts now, compared to 20-30 years ago?................................................5 4. Question 3: How is competitive environment of the resorts on the east coast different from that in Colorado? What should the east coast resorts pay particular attention to?..........................................................................7 5. Question 4: Possible changes in the environment in the near future…….8 6. Conclusion………………………………………………………………..9 7. List of References…………………………….…………………………10 Abstract The following paper discuss factors that have lead to changing business environment and its’ impact on ski tourism industry, concentrating especially of the ski resort performance and changes that must take place in order for this business to survive and continue its’ operation on its’ highest level. First and foremost, the economic, political and environmental factors that have been changing in the previous years have lead to the decrease in revenues of the ski resorts that have been taking place since the 1970s. Further on, the management of ski resorts and ski centers must adapt to the above mentioned...
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...2. 3. 4. 5. Prices for the products and services Service level Product selection (merchandise line width and depth) Location or access: the overall convenience of shopping the retailer behaviors in the purchase process) Walmart competes primarily on prices (everyday low prices). It also provides a greater product selection compared to peers (one-‐stop shopping). Competitive Advantage Perhaps the most critical judgment in the valuation of a business is the estimation of its competitive advantage. Lacking any competitive advantage, a business is usually worth no more than the replacement cost of its assets. Only in the presence of sustainable competitive advantage would it be possible to value a firm on the basis of its earning power. Retailing is an industry that is characterized by intense competition with few competitive advantages of any kind. However, Walmart has been able to develop significant competitive advantage via several strategies and its relative heft. 1. Low cost distributor and merchandiser of basic goods. Company philosophy of everyday low costs results in continuous focus on reducing prices by eliminating much inefficiency in...
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...ECONOMIC AND BUSINESS REVIEW | VOL. 15 | No. 1 | 2013 | 33–56 33 ICT AS A NEW COMPETITIVE ADVANTAGE FACTOR – CASE OF SMALL TRANSITIONAL HOTEL SECTOR Tanja Mihalič1 Dimitrios Buhalis2 Received: 12 December 2012 Accepted: 6 March 2013 ABSTRACT: This paper studies the information and communication technology (ICT) in a small hotel sector at a point in time when the transition towards a full market economy is coming to the end and competitiveness and ICT implementation is gaining on importance. Its main purpose is to study a business potential of this new competitive advantage resource and its productivity paradox. A competitive advantage factor model (CAF model) has been proposed and the structural modelling (SEM) has been performed on the case of a small transitional Slovenian hotel sector. The study contributes to knowledge on ICT competiveness and ICT productivity paradox in hotel sector. Further, its results hold practical implications for the strategy for hotels operating in small-sized hotel industries in transitional or ICT developing environments. In more concrete terms, research findings indicate that such hotel sectors need to speed the ICT implementation. ICT as such doesn’t directly increase the firm’s profitability, yet there is an indirect positive impact of factor ICT on a firm’s financial performance that emerges through other competitiveness factors, such as differentiation, qulity or image, which helps firms to stay competitive on the tourism...
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...framework of analysis, and he tries to prove that it is the large-scale, managerial enterprises provide countries like US, Germany with international competitive organisational capabilities. From US’s case, managerial enterprise has contributed to the success of leading economics; however, only to a small extent it can be applied in differing national circumstances. There are enormous lacks in Chandler’s analyse. Moreover, different countries have different situation and management characteristics. Managerial enterprises can be applied successfully in US, but it probably can’t be applied successful in nations with different circumstances. In this essay, Chandler’s (1990) study on managerial enterprise will be introduced, and also critically analysed by considering the enterprises and industries in UK, US, Germany and Japan. Firstly, this essay is going to introduce Chandler’s framework of analyse on managerial enterprise, and present how it contribute to German and US’s economic success by referring cases in different industries. This is followed by discussions on the weakness of Chandler’s analysis by referring to other authors’ view, so as to show to what extent managerial enterprises can be applied in corporations worldwide. In Chandler’s (1990) book scale and scope, he has analysed the largest 200 firms in manufacturing industry from each of the countries: UK, US and Germany, in order to prove that managerial enterprise has contributed to the firms’ economic success. Managerial...
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...OTHMAN YEOP ABDULLAH GRADUATE SCHOOL OF BUSINESS ------------------------------------------------- UNIVERSITI UTARA MALAYSIA ------------------------------------------------- BPMN6023 ------------------------------------------------- STRATEGIC MANAGEMENT ------------------------------------------------- GROUP PROJECT: FAIRY FOOD PROCESSING SDN. BHD. PREPARED FOR: DR DARWINA AHMAD ARSHAD PREPARED BY: 1. WAN UMMU HANUNI BINTI WAN DIN 813632 2. YANG HUAI 815173 3. ZHANG YAN 815174 4. SALH AGRERAH ALI 815030 5. KHALID GADHWARA EMHEMED 815023 SUBMISSION DATE: 7th MAY 2014 Table of contents CHAPTER 1: INTRODUCTION 1 1.1 COMPANY PROFILE 1 1.2 COMPANY VISION 2 1.3 COMPANY MISSION 2 1.4 COMPANY OBJECTIVE 2 1.5 COMPANY VALUES 2 1.6 HISTORY 4 1.7 TOP MANAGEMENT TEAM 5 1.8 COMPANY STRUCTURE 7 1.8.1 Structure of Fairy 7 1.9 ADVANTAGES 8 1.9.1 Fast decision making 11 1.9.2 High cohesion force 11 1.9.3 Convenient to control 11 1.9.4 Flexibility 11 1.10 DISADVANTAGES 12 1.10.1 Less asset 12 1.10.2 Hard to expand 12 1.10.3 Lose the good employees 12 CHAPTER 2: PESTEL ANALYSIS 16 2.1 JUSTIFICATION OF USING THE PESTEL ANALYSIS TECHNIQUE 16 2.2 INDUSTRY OVERVIEW 18 2.3 SUMMARY OF PESTEL ANALYSIS OF FAIRY 19 2.4 CONCLUSION 20 CHAPTER 3: THE COMPETITIVE FORCES IN BAKERY INDUSTRY 21 3.1 RIVALRY AMONG EXISTING FIRMS 22 3.2 BARGAINING POWER OF BUYERS 25 3.3 THREAT OF NEW ENTRIES 28 3.4 BARGAINING POWER OF SUPPLIERS 31 3.5 THREAT OF SUBSTITUTE PRODUCTS / SERVICES 33 CHAPTER 4:...
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...Global and International Business Contexts – SM0269 W13012208 Jack Goddard Word Count: 3457 Table of Contents Introduction 3 Part 1: Porter's National Diamond Analysis 3 Part 2: Contemporary Management Issues 7 Part 3: Market Entry Strategy 11 Recommendation to the Board of Directors…………… ……………………………… ….13 Appendices 14 References 15 Introduction This report has been written by the Boston Consulting Group and uses Porter’s national diamond analysis model to evaluate the attractiveness of investment opportunities in the Tunisian wine industry. Also discussed are two key management issues that need to be taken into account before developing operations in Tunisia followed by recommendations on two strategies for entry into the Tunisian wine industry market. In terms of background to this report, it should be noted that the global market for wine industry is changing significantly with substantial differences in the structure of the wine industry around the world. For instance, there are 232,900 wine producers in France but the top 10 brands control only 4% of the market. In contrast, four firms control over 75% of the Australian wine market. Hence there is a marked difference in industry structure when comparing the “New World” producers (e.g. Australia, Chile, United States) to the “Old World” firms. These structural differences are driven by institutional...
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...Introduction Westlake Bowling Lanes is a small business in downtown Raleigh. It was founded by late Dane Sugar and is currently owned by Sugar’s Raleigh-based son, along with a pair of his close friends. During Sugar’s lifetime, he managed every aspect of the business, but after his death in October, 2008, the new board of directors failed in hiring a suitable business manager, until 2009, when they hired Shelby Givens (Sugar’s granddaughter). The company currently faces serious financial challenges. It was struggling with declining sales and increasing costs. Since 2004, revenues had fallen by more than 40% while costs especially for employees health insurance, maintenance, and utilities climbed. Credits and loans had been borrowed to improve the business and they needed to be paid back. Shelby Givens’ job as the new business manager was to restore profitability of Westlake Lanes by mid-2010, or the business will be sold, most likely, at a loss. Key Issues * The investors are not happy with the pace at which Westlake lanes is doing business also with the fact that it has debts to be paid * How should the debt be paid off * Uncertain future * Cutting costs * Poor organizational structure * Poor food quality * Poor employee morale * Out-dated facilities Internal Analysis In conducting our internal analysis, we are going to be making use of VRINE. In order to use VRINE, we have to first of all, identify Westlake Lanes’ resources and capabilities...
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...The family owned business is the backbone of the world economy. By some estimates, over 90% of all business enterprises in the United States are family-owned and 60% of all employees are in family owned businesses (Ibrahim and Elis, 1994; Colli, 2003). In the UK, approximately 76% of the largest 8,000 companies are either family owned or controlled (Gallo, 1994). Among the largest corporations in the US, approximately 30-40% are estimated to be family owned (Anderson and Reeb, 2003; Anderson, Duru and Reeb, 2009) Researchers have found similar statistics for family firms around the world (Dreux, 1990; Martinez, 1994; Owens, 1994). Therefore, a better grasp of the unique characteristics of family firms is a basis for understanding a significant part of the world’s economy several papers have been written about the unique characteristics of family businesses and their performance compared to that of non-family businesses. Most research done in the field focused on corporate governance measures, family relationships, succession, and performance indicators of family owned businesses. This research article also deals with capital structure & performance of family businesses in India. Article 1: (Kim & Gao) Does Family involvement increase business performance Family involvement in business management attracts much scholarly attention in the field of family business. This paper's main objectives are answering two questions. They are 1) how does family involvement...
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...UNIVERSITY OF CAPE COAST COLLEGE OF HUMANITIES AND LEGAL STUDIES SCHOOL OF BUSINESS DEPARTMENT OF MANAGEMENT STUDIES NAME: KWAME ODOOM INDEX NUMBER: SB/SEM/15/0002 LECTURER: MR. F. O. BOACHIE MENSAH COURSE: STRATEGIC MANAGEMENT IN SMALL FIRMS ASSIGNMENT CASE STUDY “BOSTON DUCK TOURS” QUESTIONS 1. What is Andy Wilson’s primary motivation for leading an entrepreneurial life? 2. What kind of entrepreneurial venture is Boston Duck Tours? 3. Describe the competitive advantage of Boston Duck Tours. 4. What characteristics of successful entrepreneurs does Andy Wilson embody? ANSWERS 1. The primary motivation for Andy Wilson, the founder of Boston Duck Tours for leading and entrepreneurial life was the fact that he wanted to be his own boss. The case alludes to the fact that “having worked for seven years in an investment banking firm, Wilson was no longer motivated by the suit-and-tie atmosphere of corporate America.” As a potential entrepreneur, he was also motivated by the zeal to exploit the window of opportunity in the tourism industry. The case recounts Wilson’s experience by saying that “His first trolley tour, which he called “such a pathetic experience,” gave him the determination to keep pushing forward.” As a result, it is seemingly clear that the boring nature of “the suit-and-tie atmosphere of corporate America” together with a clear open window of opportunity gave Andy Wilson the motivation to lead such as successful but challenging...
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...Gucci Business-Level and Corporate Strategy During the late 1990’s, Gucci portrayed the characteristics of a firm with a differentiated business-level strategy. Gucci provides value to their customers with high quality luxury goods which consist of unique product features in relation to their rival competitors. One example of Gucci’s distinct quality is the prestigious image of their brand name using the famous “GG” logo on their items. Gucci is a successful firm in the luxury goods industry with many resources and capabilities that differentiate them from other companies within the industry. The first resource is the management team of Gucci following the millions in losses during the early 1990’s. Two managers in particular are Dominco De Sole, head of Milan office, and Tom Ford who replaced Dawn Mello as creative director in 1994. The duo of Ford and Sole turned the company around from near-bankruptcy to a close rival with LVMH, the luxury goods powerhouse. The two of them possess an intangible resource to Gucci that is valuable, rare, inimitable, and non-substitutable. Ford and Sole are considered to be valuable to the firm because of their leadership and vision to make Gucci a global presence and rare because their management skills are unlike any other firm in the luxury goods industry. What makes the management team a sustainable capability is the difficulty for other firms to match their business...
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...by Mydin to successfully market their product and formulate their marketing strategy. Therefore, Mydin can moves towards becoming a market leader PRODUCT Mydin has a wide range of product line such as food line, hard line and household items. Due to the wide range of product, Mydin will benefits from larger customer base. This will give positive advantage to Mydin as its customer can obtain all products needed here at lower and cheaper price. As a local player, Mydin provide items that are complement with its customers need. Majority of Malaysian are Muslims. Therefore, Mydin provide local prayer mats, prayer garments for women and traditional product which are rarely found elsewhere. However, Mydin should consider its non- muslim customers due to the image of the place where only Muslim shops PLACE Mydin is currently expending their business into different format namely hypermarket, emporium, and My Mart (24 hour convenience stores). As referred to growth of Mydin‟s chain by the year 2009 to 2020, the business forecasted to have 26 Hypermarket, 60 convenience store, 20 Emporium and 5 My Mart. This investment cost the business large amount of cash which is RM200million for supermarket and 60 million for the building of hypermarket. The managing director tries to emulate the strategies of Kmart by have My Mart although Kmart experience bankruptcy. This expansion can help Mydin, reachable for its...
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...International Journal of Physical Distribution & Logistics Management Clusters and supply chain management: the Amish experience Tom DeWitt Larry C. Giunipero Horace L. Melton Article information: To cite this document: Tom DeWitt Larry C. Giunipero Horace L. Melton, (2006),"Clusters and supply chain management: the Amish experience", International Journal of Physical Distribution & Logistics Management, Vol. 36 Iss 4 pp. 289 - 308 Permanent link to this document: http://dx.doi.org/10.1108/09600030610672055 Downloaded by University of Akron At 11:41 23 March 2015 (PT) Downloaded on: 23 March 2015, At: 11:41 (PT) References: this document contains references to 26 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 2473 times since 2006* Users who downloaded this article also downloaded: Anthony L. Patti, (2006),"Economic clusters and the supply chain: a case study", Supply Chain Management: An International Journal, Vol. 11 Iss 3 pp. 266-270 http:// dx.doi.org/10.1108/13598540610662176 Vichuda Nui Polatoglu, (2007),"Strategies that work – the case of an e-retailer in an emerging market", International Journal of Emerging Markets, Vol. 2 Iss 4 pp. 395-405 http:// dx.doi.org/10.1108/17468800710824536 Amit Sachan, Subhash Datta, (2005),"Review of supply chain management and logistics research", International Journal of Physical Distribution & Logistics Management, Vol. 35 Iss 9 pp. 664-705 http://...
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...MINISTRY OF EDUCATION NATIONAL ECONOMICS UNIVERSITY | Case 4 : Sift Cupcake and Dessert Bar | Crafting & Executing Strategy | Group 4 | Nguyễn Hữu Hoàng TCTT55B 11131517 Lê Bảo Trung TCTT55B 11134223 Đặng Xuân Minh TCTT55B 11132620 Lê Trọng Quang TCTT55B 11133260 Nguyễn Như Tiến TCTT55B 11133931 Vương Đức Kiên TCTT55B 11131994 Dương Diệu Hoa TCTT55B 11131416 Đinh Tuấn Hoàng TCTT55B 11131538 Nguyễn Trường An TCTT55B 11130020 Hoàng Tiến Nhật Anh TCTT55A 11130185 Vũ Ngọc Tú ...
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...Capstone: Strategic Management May 13th, 2008 Robert Gibson – Scott McDaniels – Jonah Nelson – David Stark Table of Contents: Strategic Profile 3 * Company Introduction Situational Analysis 4-15 * External * PEST Analysis * Porter’s 5 Forces * Bargaining Power of Suppliers * Bargaining Power of Buyers * Threat of New Entrants * Threat of Substitutes * Competitive Rivalry between Existing Players * Competitor Landscape * Alaska Airlines * Southwest Airlines * United Airlines * Air Canada * Key Success Factors * Internal 16-23 * Resources * Tangible * Intangible * Value Chain Analysis * Primary Activities * Secondary Activities * Capabilities * VRIN Testing * Core Competencies SWOT Analysis 24-25 * Strengths * Weaknesses * Opportunities * Threats Strategy Formulation 26-28 * Strategic Alternatives * Alternative Evaluation * Alternative Choice Strategic Alternative Implementation 29-31 * Action Items * Action Plan References 32 Strategic Profile: Company Introduction Alaska Air Group is made up of two principle subsidiaries Alaska Airlines and...
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...costs friendly everyday prices for all of its customers. They accomplished this by eventually cutting off all middle man distributors. Although this is what ultimately Wal-Mart above the rest of the competition it didn’t work right away in Wal-Mart’s earlier years. Just like any large or small business Wal-Mart went through both its share of trials and tribulations. When Wal-Mart first developed the RFID technology, the company began to greater strides towards become a world leader in supply chain management. As years past and technology became more apparent and pivotal to businesses along with everyday life, Wal-Mart understood that it was necessary and effective for the company to take advantage and implement it throughout their business entirely. The particular area in which board members along with upper management believed that it was most important and needed the most to implement newer technology was in inventory management and logistics. Traditionally technology at Wal-Mart was most popular were in computerization of individual sales, and billing machines that were responsible for central billing and keeping different records. As Wal-Mart started growing as a business so did their inventory and they found that they needed to create a system that could keep track of men as well as materials that were being sent from country to country? It also became much more difficult to maintain the progress and inventory of hundreds of warehouses spread all over throughout...
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