Week 1: The economic foundations of theories in strategy Corporate strategy; where to compete, portfolio, parent level Competitive strategy; how to compete, SBU, competitive advantage Three layers of theory: management – strategic management – economies Paradox: how is it possible to have a general statement about uniqueness? We try to have general statements about uniqueness. Theory=general statement about cause and effect Stoelhorst, J.W. (2008), Thinking
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merits and constraints as per the author’s views. Various examples have been employed to support these views. Market failure is a concept within economic theory describing when the allocation of goods and services by a free market is not efficient. That
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institutions, and policy reforms. Finding solutions to encourage greater financial inclusion has not typically been a core activity of central banks or other financial regulators. Also, when a majority of the population is excluded from access to financial services, it can significantly and adversely affect the efficient allocation of financial and physical resources, economic growth, income and non-income inequalities, and the distribution of benefits in an economy. This has opened up space for
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worthwhile, such as cash transactions. The main message regarding the ‘The Economics of Happiness’ is that happiness is the aim of life, and virtuous actions create foundations of happiness as well as the path to a content life. As I was reading this book I noticed four main, resonating themes that occurred throughout the plot. Firstly, Anielski studies the makeup of our current economy and its everyday functions. Once the key economic terms, such as genuine wealth, value, competitiveness and capital are
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The process of work is at the core of social structure. The technological and managerial transformation of labor, and of production relationships, in and around the emerging network enterprise is the main lever by which the informational paradigm and the process of globalization affect society at large. In this chapter I shall analyze this transformation on the basis of available evidence, while attempting to make sense of contradictory trends observed in the changes of work and employment
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Technological * Government spending on research and development In the aftermath of the economic crisis that began in 2009, the governments in many countries averted this threat.6 The significant drop of private R&D in these countries was efficiently offset by government R&D investments in 2010 and 2011.7 Still, the stabilization or fall of government R&D budgets in advanced countries, the slowdown in emerging markets, and the decreased appetite of business investment have slowed
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Exercise 1, Question 1 Spending at least $40 to fill up a tank of gas has become the norm these days. As gas prices in the Midwest inch toward the $4-per-gallon mark, it’s hard not to feel for those who have to make long commutes on a daily basis. The cost to produce and deliver gasoline to consumers includes the cost of crude oil to refiners, refinery processing costs, marketing and distribution costs, and finally the retail station costs and taxes. The prices paid by consumers at the pump
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Book Review The first thing that comes to mind when the average college freshman picks up a copy of The Invisible Heart An Economic Romance is, “What is an economic romance, and why am I purchasing one right now?” Though the idea of an economic romance sounds both boring and absurd, the author, Roberts, combines introductory economics with slow-developing but touching romance, in a way that is exciting and thought-provoking. Roberts is currently a research fellow at Stanford University previously
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the city of angels. Los Angeles did just that when they decided and took a major step toward building a downtown stadium to lure an NFL team back to the nation's second-most populous city, despite questions about how a 72,000-seat venue in the urban core would impact notorious freeway traffic, nearby housing prices and air quality. Last fall the city council unanimously voted for a new stadium to be constructed in the heart of downtown. The construction of the new stadium comes with its benefits
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costs of changing positions nearly a year prior (gas, clothing, etc.) would be considered sunk costs and should not be considered relevant in making a decision to change back to a work from home position (Brickley et al., 2009). Saint Leo’s core value of Responsible Stewardship was applicable in that I knew I had to replace my position that was being eliminated in order to help provide for our
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