of advantages of stand up meetings. The main advantage of these stand up meetings is the meeting is focused and is on topic. Due to the stand-up meetings the distractions are eliminated. The most important advantage of the stand-up meetings is that the meeting is short and helps to go back to work on time. When the meeting is focused and on topic then sooner
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and as such, are also competitive advantages? Why or why not? Answer The core competencies of Netflix lie in primarily its model customer-care and customer-service, which entails the fact that Netflix is well aware and knowledgeable of its customer and his preferences. Another core competency that has helped the business grow is its IT management and development. Moreover, Netflix merges these two core competencies to gain a higher competitive advantage over competitors Hitt et al, (2007)
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Microsoft and Apple when they develop a new computer operating system. It will also expound on the various challenges that this breakeven rise for Apple, how Apple can overcome these challenges and the sources of Apple’s competitive advantage. Additionally, this memo will address how Apple’s financial performance compares to its rivals, what a DuPont formula analysis explains and challenges that Apple faces moving forward. It will also discuss the moves that Apple should consider moving forward.
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the Discovery Wheel and Develop your multiple intelligences exercises. What similarities and differences exist within the team? 2. What are the advantages of having diversity on a team? What challenges might the team face because of diversity? Advantages: In my opinion having the diversity in a team has many advantages such as, differences in prospective, ideas, and opinions. Instead of looking at the problem with just one prospective other member can suggest different or easier
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Identify at least three challenges when setting up a business. Explain why they are challenges. The first challenge I see with setting up a business is deciding what type of business to start. Choosing the wrong business can ultimately cause your business to fail. The second challenge I see with setting up a business is targeting potential customers. You have to figure out who your going to sell your product to and how to reach these individuals. The third challenge I see with setting up a
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QUIZ: CREATING COMPETITIVE ADVANTAGE 1. What is competitive advantage? Competitive advantage referred to an advantage over competitors gained by offering consumers greater value than competitors do. It means that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers than its competition. There can be many types of competitive advantages including the firm's cost structure, product offerings, distribution network and customer support
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THE CHALLENGES OF GLOBALIZATION AND THE ROLE OF HUMAN RESOURCES. Muhammad Aminu Bawa (1) Dr Juhary Ali (2) ABSTRACT The current financial crisis, which has engulfed East Asia since July 1997 and has subsequently spread to Russia and Brazil, is one of the most pressing challenges facing countries and businesses in today's global business environment. Globalization represents the structural making of the world characterized by the free flow of technology and human resources across national
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the capabilities(speed, agility, and creativity) to outmaneuver your opponents, no matter what the balance of strength may be. Use Judo Strategy when: • Dealing with the competition is one of your top strategic priorities • Competitors have the advantage of strength and size. • You’re unlikely to win by going head to head. Judo Principles • Movement o Don’t invite attack-“The Puppy Dog Ploy” Keep a low profile and avoid giving away your game Position alongside competitors instead of attacking
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Identify at least three challenges when setting up a business. Explain why they are challenges. There are many challenges to starting up a business but starting a “niche business” has challenges of its own. One of the first and most important challenges is to find a unique idea or product to sell. Another concern should be finding the right name for the (going forward we will use product as our example) product. The name is vital to the success of the business. It should have a name that will
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China and India in the World Economy What challenges to the world economy do India and China pose? There are many challenges to having the world’s two most populous countries enter the world trading system. Just the sheer size of these two countries is a challenge to other countries that are smaller. More people in China and India means more opportunities (and increased demand) to grow their economies, to increase education, to manufacture more goods, provide more services, use up more of the
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