HW1 study guide (will be included in quiz1) 1. As discussed in the chapter opening case, which of the four generic strategies did Verizon employ to combat the competition offered by AT&T? a. low-cost leadership b. focus on market niche c. customer and supplier intimacy d. product differentiation Answer: D 2. According to the ________ definition of organizations, an organization is seen as a means by which primary production factors are transformed into outputs consumed by the environment
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VALUE CHAIN ANALYSIS A) Discussion of the core elements of a value chain. (8 marks) B) Explanation of why an understanding of these elements is so important in managing costs and gaining or sustaining competitive advantage. Establish all important linkages in your answer. (12 marks) The value chain analysis is a useful tool for defining a firm’s core competencies and the activities in which it can pursue a competitive advantage. The core elements of a value chain analysis are the primary
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Value Chain Business 1_ Introduction: The concept and benefits of Value Chain Analysis in preparing business strategies: To survive in today's highly competitive business environment, any organization must achieve, at least temporarily, a competitive advantage. A low cost/price strategy: focuses on providing goods, services at a lower cost than the competition. This strategy requires as well a tight cost-control system, benefiting from economies of scale in production and experience curve
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success against the competition, Caterpillar has implemented Vision 2020, an enterprise strategy that emphases on the Company’s customers, employees, and stockholders. Vision 2020 is built on Caterpillar’s strategic goals, operating principals, and core values. The three primary strategic goals of Vision 2020 are to produce superior financial results, be a global industry leader and have the greatest team. Involved in Vision 2020 are Caterpillar’s “Big 8” requirements for 2011 through 2015 which is focus
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What is Strategy? 何谓战略管理？ 商界及管理学对战略的理解很多。西方管理学把战略分成四方面－1) 战略管理(Strategic Management)以策划(plan)和流程(process)为导向；2) 战略布局(Strategic Positioning)以定位(positioning)和格局(pattern)为导向；3) 战略导航(Strategic Navigation)以商业角度(perspective)和程序(procedure)为导向；4) 战略战术(Strategic Tactics)以博弈(play and ploy)为导向。 英文词“Strategy”(战略)来自希腊动词“Stratego”- 意思是策划如何有效的利用资源去毁灭敌人 (which mean to plan the destruction of one’s enemies through effective use of resources) 古往今来，从秦始皇到三国到新中国，战略都离不开资源和竞争。所以要理解商业战略，就要理解资源及竞争所形成的利益关系。战略考虑到资源是有限的，要获
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As the class activity to ensure correct understanding of the concepts covered in the chapter, students did a very good job. B2B e-commerce, in fact, promises many strategic benefits for participating firms, both the buyers and the sellers: 1. Cost saving for running administration, for searching products and services for buyers, for inventory management due to increased competition among the suppliers (which increases price transparency) and reducing inventory to a bare minimum, and for transaction
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ECCO A/S – Global Value Chain Management Analyze ECCO’s global value chain. That is where in the companies processes does the company accumulate value that results in profitability? ECCO A/S had been very successful in the footwear industry by focusing on production technology and giving quality by maintaining full control of the entire value chain from "cow to shoe." ECCO has a unique competitive environment and holds a distinct advantage from it's competitors. Most of ECCO's competitors are
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have limited life spans. ____ 7. Compared to tangible resources, intangible resources are an inferior source of core competencies. ____ 8. One benefit of outsourcing is that it allows a firm to focus on those few value chain activities where it can produce the greatest value. ____ 9. A business-level strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in specific product markets. ____ 10. To position
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1. Strategy adopted? http://www.oppapers.com/essays/The-Strategy-Adopted-By-Ikea/740556 1 Explain, in details, the strategy adopted by IKEA, and how it successfully did the positioning. *** At business level strategy Focus Strategies By implementing a cost leadership or differentiation strategy, IKEA choose to compete by exploiting their core competencies on an industry-wide basis and adopt a broad competitive scope. Alternatively, IKEA can choose to follow a focus strategy by seeking to use
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Identify drivers for ‘global integration’ and ‘market responsiveness’. * Explain the role of global marketing in the firm from a holistic perspective. * Describe & understand the concept of the value chain. * Identify & discuss different ways of internationalizing the value chain. International expansion: - provides new & potentially more profitable markets; - helps to increase the firm’s competiveness; - facilitates access to new product ideas, manufacturing innovations
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