This website uses cookies to ensure you have the best experience. Learn more

Management Notes Essay

1500 words - 6 pages

1. General Environment: PEST (Political, Economic, Socio-Cultural, Technological)
2. Competitive Env: Porter’s 5 force (attractive market/good position)
**Define boundaries & players.
Threat of new entrants: Motivation to enter, capital req., switching costs, economies of scale and learning curve.
Suppliers Power: symbiotic relationship; need each other to survive. **switching costs
Power relationship a) availability b) importance of resources
supplier threat of forward integration, buyer's threat of backward integration.
Buyers Power: # of buyers to sellers, product diff, switching cost, buyer's profit margin, multiple sources, threat of integration, volume ...view middle of the document...

A> Performance
Assumptions: a) resource heterogeneity (all firms have diff. resources) b)
resource immobility (difficult to acquire and move)
VRIO: Valuable (relevant), Rare, Imitation (Barriers: History dependent, causal
ambiguity, social complexity, legal condition.

7. Value Chain: Activities adding to value and margin. A) relationship to other firms (comp, suppl, providers) can add value? B) how competitors are doing
Primary Actv: physical creation/sale/distrib of product to end user (in/outbound logistics, M&S, operations).
Support Actv: adds value indirectly (procurement, tech dev, HR, firm infrastructure)

Industry Evolution

Business Level Strategy: PCV Model (Price, Cost, Value)

1. Overall Cost Leadership
a. Easy to Imitate? Economies of Scale: Yes, just need capital. Learning Curve: No, takes time.
a. Five Forces – having the lowest cost of production protects you against price wars
b. Protects a firm against rivalry from competitors
c. Protects a firm against powerful buyers
d. Provides more flexibility to cope with demands from powerful suppliers for input cost increases
e. Provides substantial entry barriers from economies of scale and cost advantages
f. Puts the firm in a favourable position with respect to substitute products
b. Pitfalls
g. Too much focus one one/few value chain activities
h. Common input of raw materials available to rivals
i. Strategy easily imitated
j. Lack of parity on differentiation
k. Erosion of cost advantage when pricing information being available to customers increases

2. Differentiation – can come from anywhere in value chain
a. Requirements: Brand Image, Quality, Technology, Innovation, Features, Customer Service and Dealer Network.
b. Five Forces
a. Creates higher entry barriers due to customer loyalty
b. Provides higher margins that enable the firm to deal with supplier power (Unique material req!)
c. Reduces buyer power because buyers lack suitable alternative (loyalty, switching costs)
d. Reduces supplier power due to prestige associated with supplying to highly differentiated products
e. Establishes customer loyalty and hence less threat from substitutes
c. Pitfalls
f. Uniqueness not valuable
g. Too much differentiation – beyond desire of customers
h. Excessively high price premium
i. Strategy easily imitated
j. Dilution of brand identification through product-line extensions
k. Perceptions of differentiation vary between buyer/seller
* Sustaining: a) increase customer loyalty (more value) b) lower down L.C ASAP
* Both? No. C.L>manufacturing & process inno. Vs. P.D>R&D & Marketing (diff. req.)

Corporate Strategy: Diversification
* Motives: growth, reduce risks...

Other Essays Like Management Notes

Hr Task 3 Speaker Notes Essay

4638 words - 19 pages Speaker Notes Slide 1: Introduction: Today we will be addressing the advantages of implementing an employee performance evaluation program and look at the advantages to the company from its use. We will also be talking about succession planning which aligns itself neatly with the evaluation program. Often Employee evaluations are seen as something burdensome by managers and useless or unfair by the direct reports who have been evaluated

Population , Ecosystem , and Mortality Biology Notes

2306 words - 10 pages (organic) fertilization, and alternation of crops. Management Notes: -As we have seen, there are limits to the carrying capacity of the earth in terms of both humans and all other living things. This capacity is very noticeable when over crowding of both plants and animals threaten any ecosystems. How mankind reacts and controls their use of resources will ultimately affect the other organisms in a given area. -Like the waste products being

Bond Notes

1110 words - 5 pages Ionic Bond* bond formed between oppositely charged ions because of electrostatic forces of attraction. example: sodium + chlorine ----> sodium chlorideIonic compound* a compound composed of ions.* Metal atoms lose electrons to form positive ions, called cations, which are smaller than the original atom.The loss of an energy level with electrons, plus the excess positive charge draws the remaining electrons toward the nucleus and causes

Islam Notes

3759 words - 16 pages Preliminary Depth Study 4: Islam • the origins and history of Islam: - the significance of the Qur’an as source material for Islam Definition of Qur’an The sacred book of Islam; the word of God revealed to the Prophet. It is the foundation of Islamic belief and practice. ← For Muslims, it is the eternal, uncreated, literal word of god sent down from heaven, revealed to the Prophet Muhammad as a guide for humankind

Housekeeping Notes

2205 words - 9 pages Activities Overview Level II 1 - GERMS AND OUR BODY Objective Visualize the number of germs on our body and clothes. Time: 30 minutes. Method - Review those areas of the body particularly vulnerable to germs, emphasizing they may not be obvious (hands, nose, mouth, genital area, clothes, etc.). - Point out all the times we wash during the day. • In particular, describe bath or shower and cleaning teeth. Be specific on how and

Health Notes

678 words - 3 pages From the scenario my identification of facts and inferences are Practice nurse has asked Samuel to increase his intake of dietary fibre, fruit and vegetable to the recommended daily minimum intake and to reduce his red meat intake to two portions a week. = This would suggest that Samuel has a crap/ erratic eating regime, which could be from workload as a headmaster, which has now doubled due the deputy head being sick . We don’t know if he

Debate Notes

690 words - 3 pages -Export: In 2011, the U.S. exported $94 billion in goods -Import: $367 billion $295.5 billion dollar difference -1.2 trillion in bills and bonds, and that’s only 8% of total debt Not that big of a problem: Deficit: corrects over time, large amount of us dollar being held by foreign nations. Economists worry mainly because these nations may decide to sell at any time. -This is not a problem however because since we are giving China so

MGMT2001 notes

1184 words - 5 pages MGMT2001 – Week 1 – Introduction & why study change & what is a change agent? Learning Objectives: Illustrate with examples the role a change agent can play in an organization, identify different competencies change agents may display, identify examples of effective change agent performance Innovation vs org. change Main focus of our course= change Because innovation is a specific form of org. change Innovation – effort to

Geography notes

1179 words - 5 pages Arctic on the edge Explain the levels of biodiversity found in the Arctic • Extremely cold because of latitude • Only a few animals survive the climate – endemic species • Lack of sunlight and plants means there is a low amount of energy in the food web. This energy can’t support many species. • Low precipitation in the polar desert. • Geographical isolation and hostile climate. • Altitude • Lack of decomposition as

Torts Notes

1524 words - 7 pages 3003 Exam Student Sample Answer 1 for Discussion N OTE THIS IS NOT A MODEL CORRECT ANSWER: IT IS AN ANSWER FOR US TO EVALUATE AND DISCUSS IN CLASS Introduction The plaintiffs in this action are Lincoln and Simon. The potential defendants are the Mandersons, VIP Authority (public authority), Mary Danger and Dodgy Security. Lincoln has a claim against the Mandersons for negligence (occupiers’ liability), VIP Authority (negligence), and a

Entrepreneurship Notes

2352 words - 10 pages creative innovative ideas for the enterprise; and helping business grow and become profitable. How do I become an Entrepreneur? STEP 1: Generating Business Ideas and identifying business opportunities * Observing Trends * Finding Gaps in the market STEP 2: Conducting a feasibility analysis STEP 3: Making a business plan STEP 4: Arranging Funds STEP 5: Setting up an enterprise and building a venture team * Smooth Management of the

Related Papers

Marketing Notes Essay

1242 words - 5 pages Marketing Notes Adil Muneer Definition of Marketing: Marketing is a process of creating, pricing, distributing and promoting of goods, services and ideas to facilitate a satisfying costumer relationship in a dynamic environment. Explanation: Creating the product means to introduce a new product to sell in the market which is tangible. Means which can be seen and touch

Mgt230 Week 2 Notes Essay

1447 words - 6 pages Ch. 4 Notes Situational Analysis - A process planners use, within time and resource constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration. Goal - A target or end that management desires to reach. Plans - The actions or means managers intend to use to achieve organizational goals. Scenario - A narrative that describes a particular set of future conditions. Tying plans to

Net Security Notes Essay

5263 words - 22 pages authentication is Question 3 In IKE Main Mode, all three methods of mutual authentications have been discussed, i.e., Describe exactly how mutual authentication is accomplished in each case. 1) Authentication with a pre-shared key in Lecture 4-14 From the lecture notes, the relevant messages in IKE Main Mode using preshared key for authentication: Removing the irrelevant items as far as mutual authentication is

Notes Essay

3226 words - 13 pages 7.3 Notes7.3 Notes Organelles Organelles -- Structure & FunctionStructure & Function PDF created with pdfFactory trial version Plasma MembranePlasma Membrane nn Found In:Found In: Prokaryotes and EukaryotesProkaryotes and Eukaryotes nn Structure:Structure: flexible covering around a cellflexible covering around a cell nn Function:Function: Controls what enters and exits cellControls what enters and exits cell PDF