stores across the length and breadth of India. Further more, we highlight the various benefits that have accrued to the customers, retailers and the Indian economy as a result of the growth of the retail sector in India. Having learnt about the advantages of retailing in India, we next focus on the criticisms that have surfaced towards retailing activities in India. Retailing has grown and flourished in our country since its origin and hence we indulge in examining the causes behind such unprecedented
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of functionalities such as programming languages (queries) for data retrieval, and the inability of the existing database to represent complex relationships database management systems (DBMS). However, these two models had some fundamental disadvantages: • Complex programs had to be written to answer even simple queries • There was minimal data independence • There was no widely accepted theoretical foundation. In reference to DBMS and the ability of building complex relational
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across firms 3) The unique resources & capabilities lead to differences in firms’ performance 4) Differences in resources & capabilities is the source of competitive advantage Steps: 1) Identify the firm’s resources 2) Determine the firm’s capabilities 3) Determine the potential of its resources & capabilities in competitive advantage 4) Locate an attractive industry 5) Select a best strategy 3. Vision, Mission Vision is picture of what the firm want to be & achieve [Microsoft: A computer
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Strategy 8 3.1.2 Emergent Strategy 8 3.1.3 Strategic Lenses 8 4. Organizational Environment 9 4.1 PESTEL Framework 9 4.2 The Five Forces framework 12 5.2.1 The threat of entry 12 5.2.2 The threat of substitutes 12 5.2.3 The power of buyers 12 5.2.4 The power of suppliers 12 5.2.5 Competitive rivalry 13 5. Strategic capability 14 5.1 DuPont Analysis 14 5.2 Robustness 16 6. Competitive Strategy 18 7. Strategic Purpose 20 8. Business Economic Analysis 23 8.1 Liquidity 23
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of ordering, quality control and distribution? (2) Should Ford completely Dell’s business model or which aspects would work best for Ford? (3) Could Dell’s cycle time and lead times be replicated into Ford’s automotive infrastructure and would the current technology at Ford support this? and (4) Would virtual integration be feasible in the automotive industry given the product characteristics and industry scope? It was found that emerging technologies, globalization of foreign-based auto manufacturers
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stores offers a wide variety of general goods, including food, housewares, health and beauty products, hardware, cleaning supplies, and many other consumer items. As of 2004, Dollar Tree had over 2,500 stores operating in 47 states. Because of its purchasing power – buying products in huge quantities, Dollar Tree is able to provide its customers a wide variety of products for just one dollar. It also obtains over 40 percent of its merchandise from imports, purchases over-runs from manufacturers, and maintains
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Year 2007 (£) | Cash and equivalents | 336,818 | 319,978 | Trade account receivable | 134569 | 127841 | Inventory | 12985 | 13657 | Other current assets | 98323 | 94325 | Total Current Assets | 582695 | 555801 | Long term investment | 81197 | 77137 | Net fixed assets | 412458 | 383750 | Intangible assets | 61874 | 58780 | Other Non-Current assets | 78390 | 74471 | Total Assets | 1216614 | 1149939 |
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Chapter 1 Introduction to Strategy * Strategy: Theory of how to gain competitive advantages. (How competition is going to evolve, and how that evolution can be exploited for competitive advantage.) Based on knowledge of the marketplace and based on the firm’s capabilities and resources. a) Being different from your rivals b) Creating value while containing costs c) Deciding what to do and what NOT to do d) Combining activities to land in a unique market position
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Chapter 8 Strategic Management True/False Questions THE IMPORTANCE OF STRATEGIC MANAGEMENT 1. Strategic management is the set of managerial decisions and actions that determines the short-term performance of an organization. (False; moderate; p. 208) 2. “Strategic model” is a term that is often used in conjunction with strategic management and strategies. (False; easy; p. 209) 3. The most fundamental questions about strategy address why firms, facing the same environmental
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financial expectations. This case focused its efforts on answering. This poor financial performance has led the firm’s management to question whether or not a strategic alliance might be a beneficial alternative to their current business model. To address the firm’s current quandary, this case has answered the following central question: Should NSY strategically align with key industry players; or, would organic growth be a more beneficial option for generating the additional value needed to
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