Clusters, Innovation, and Competitiveness: New Findings and Implications for Policy Professor Michael E. Porter Institute for Strategy and Competitiveness Harvard Business School Stockholm, Sweden 22 January 2008 This presentation draws on ideas from Professor Porter’s articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), “The Microeconomic Foundations of Economic Development,” (with C Ketels, M Delgado) in The Global Competitiveness Report 2006, (World
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Chapter 1 Mastering Strategy: Art and Science LEARNING OBJECTIVES After reading this chapter, you should be able to understand and articulate answers to the following questions: 1. What are strategic management and strategy? 2. Why does strategic management matter? 3. What elements determine firm performance? Strategic Management: A Core Concern for Apple The Opening of the Apple Store Image courtesy of Neil Bird, http://www.flickr.com/photos/nechbi/2058929337. March
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The Porter Thesis As we have seen (Lecture 1), Michael Porter in Competitive Advantage of Nations argues that the fortunes of economies rest on the competitive advantages held by their firms and industries. National factor and demand conditions encourage the development of specific competitive advantages and specialization, and, therefore, also the development of specific types of industry. Variations in specialization, output and expertise explain differences in the competitive advantages of nations
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Case Report - Amazon CONTENT 1. Amazon in Brief 2. Amazon’s Five Forces 2.1 Threat of New Entrants 2.2 Bargaining Power of Buyers 2.3 Rivalry Among Existing Competitors 2.4 Bargaining Power of Suppliers 2.5 Threat of Substitute Products or Services 3. Amazon’s Value Chain 4. Conclusion 5. References Case Report - Amazon 1. AMAZON IN BRIEF Amazon.com, an American company, started the journey
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Creating Shared Value. (Michael E. Porter & Mark R. Kramer) * What is your reaction to this article? Critically evaluate its content based on your personal and professional experiences and any additional research you might like to do. The article starts with a description of the cynicism surrounding capitalism and management, and also some of the reasons for such cynicism. My life’s first attitude towards capitalism and management was also marked by distrust and skepticism
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Operational effectiveness measures competency and how well a company outperforms its rivals, but a large part of strategy implements evolution and differentiating amongst competitors. As Michael E. Porter states, “A company can outperform rivals only if it can establish a difference that it can preserve” (Porter 2010, p. 3). In addition, a great deal of strategic positioning is to know the market and deliver the needs of demands. For example, Southwest provides a first come first serve seating and allows
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Cole Porter ------------------------------------------------- Top of Form Bottom of Form Content * Cole Porter-"So in Love" Answer these questions about the lyrics below. SO IN LOVE Strange, dear, but true, dear, When I’m close to you dear, The stars fill the sky, So in love with you am I. Even without you My arms fold about you. You know, darling, why, So in love with you am I. In love with the night mysterious The night when you first were there, In love with my joy delirious
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competitive environment. Competitive advantage is created and sustained only when a firm is able to perform the most critical functions either more cheaply or better than its competitors. The value creating activities of a firm, according to Michael Porter suggested that the is grouped under two headings: (1) Primary Activities - those that are directly concerned with creating and delivering a product . (2) Support Activities, which are not directly involved in production, but may increase effectiveness
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บทสรุปยอ ยุทธวิธีการแขงขัน (Competitive Strategy) โดย Michael E. Porter เรียบเรียงภาษาไทย โดย ดร. สมคิด จาตุศรีพิทักษ และคณะ บทที่ 1 กลยุทธทางธรุกิจ กลยุทธ (Strategy) ในทางเศรษฐกิจ หมายถึง วิถีทางหรือแนวทางที่ถกกําหนด ุ ขึ้นเพื่อการระดมและจัดสรรการใชทรัพยากรของประเทศในอันที่จะชวยใหบรรลุถึงซึ่งเปา หมายทางเศรษฐกิจ ในทางธุรกิจปจจุบัน หมายถึง กระบวนการในการกําหนดเปาหมายที่แนชัดของ ธุรกิจทั้งในระยะสั้นและระยะยาว การสรางหรือพัฒนาวิถีทางในทางปฏิบัติ ตลอดจน ึ การระดมแลจัดสรรทรัพยากรขององคการธุรกิจ
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Abstract Ethics and social responsibility occupy an important place in our personal value system. Customer confidence in how business operates has been severely shaken by recent corporate scandals and collapses, such as Enron and bank failures. Hence it is important for companies to consider incorporating ethics and social responsibility into their strategic planning. This applies whether a company is involved with customers one-on-one, such as a Taco Bell or Dell, Inc., or their involvement
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