| ------------------------------------------------- OFFICE USE ONLY – LATE SUBMISSION | ------------------------------------------------- Date Due: | ------------------------------------------------- | ------------------------------------------------- Received: | ------------------------------------------------- | | ASSESSMENT FRONT COVER SHEET | COURSE: | The Development of International Business since the 1870s | STUDENT NUMBER: | 2 | 1 | 8 | 5 | 9 | 4 | 1 | WORD COUNT*: |
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Sustainable Competitive Advantage dimensions of durability, mobility and replicability. According to Grant (1995) the sustainability of the competitive advantage is considered to be along the dimensions of durability, mobility and replicability. Durability is a measure of the ability and the resilience of the organization to ward of imitation from competitors. Mobility, on the other hand, refers to the extent to which resources can be transferred between competitors together with the replicability
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Market economic system | features, advantages and disadvantages [pic][pic] [pic][pic]Market Economic System The central thought of this system is that it should be the producers and consumers who decide how to utilise the resources. Thus, the market forces decide what to produce, how much to produce and for whom to produce. Features • All resources are privately owned by people and firms. • Profit is the main motive of all businesses. • There is no government interference in the
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(PEST). Marketing and competitors: how a firm must be able to position itself competitively in the minds of its customers so that its products and services stand out very favourably in important respects in relationship to competitors. Matching the firm’s products / services with opportunities and threats in the market place. The limited periods during which the fit between the key requirements of a market and the particular competencies of a firm competing in that market are at an optimum
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The Strategy of International Business Key Points of the chapter Strategy – is the actions managers take to attain the goals of the business (usually to maximize value for the shareholders/stakeholders). Value Chain – The operations of the firm compose the value chain which are the series of value creating activities that occur to create value. These actions include sales, production, IT, accounting etc. These activities are divided into support and primary activities. Primary Activities
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Marketing 1 Marketing – an organizational function and a set of processes for creating, capturing, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders • Creating value o Production-Oriented Era – manufacturers were more concerned with product innovation, not with satisfying the needs of individual consumers and retail stores were considered places to hold the merchandise until a consumer wanted it
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return.To manufacture and service an innovative, growing, and profitable worldwide microwave communications business that exceeds our customers’ expectations. Once an organisation’s mission has been formulated, each functional area within the firm determines its supporting mission. Missions for each function are developed to support the firm’s overall mission. Then, within that function, lower-level supporting missions are established for the OM functions. For example, to support the previous
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come in to two factors. First, the industry where the firm belongs became unstable and so the internal resources and capabilities of the firm are given more focus in formulating strategies. And second, the combination of the resources and capabilities of the firm became the superior competitive advantage and profitability (2007). The connection between the resource and capabilities of a firm in the area of business makes a competitive advantage. It is because the capabilities and resources allow the
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the advantages and disadvantages of each form. The organizational forms a company might have as it evolves from a start-up to a major corporation are: sole proprietorships, partnerships and corporations. The advantages of a sole proprietorship are that is is easily and inexpensively formed; is subject to few government regulations and it’s income is not subject to corporate taxation (but is taxed as part of the proprietor’s personal income). A partnership has many many of the same advantages and
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Three generic strategies, including advantages and disadvantages (cost, differentiation and focus - major emphasis) Overall cost leadership is based on creating a low-cost position relative to a firm’s peers, managing relationships throughout the entire value chain to lower costs. (McDonalds, Walmart) Pitfall: Too much focus on one or a few value chain activities. Increase in the cost of the inputs on which the advantage is based. The strategy is imitated too easily. A lack of parity on differentiation
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