ASSIGNMENT-1 SOUTHWEST AIRLINES CASE STUDY QUESTIONS 1. How does Southwest Airlines get its competitive advantage? 2. How does Southwest Airlines execute its strategy? 1. How does Southwest Airlines get its competitive advantage? Southwest Airlines uses a Cost Leadership Strategy‚ however most pricing strategists would agree that having a low price does not‚ in itself‚ constitute a competitive advantage. In fact‚ thinking that low prices are always a good strategy for competition is deeply misguided
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defined as political system and orientation including individuals standing by the government or by the individuals they have elected to represent them. Democracy entails numerous advantages but this is also tied to some disadvantages. Advantages of Democracy Protects the Interest of Citizens One of the topmost advantages of democracy is the protection of people’s interest. Real power lies in the people exercising it by means of representatives duly elected by the citizen. It is known that economic
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1. What are IKEA’s firm-specific advantages? Country - specific advantages? IKEA’s firm and country specific advantages could be the following: IKEA sells the same furniture all over the world‚ so IKEA rips huge economies of scale from the size of its stores and the big production runs necessary to stock them. IKEA also offers a low competitive price because of the economies of scale (30% lower than competitors) Exclusive relationship between IKEA and its suppliers‚ offering modern and exclusive
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under contract tutors. The first advantage of home tutors ‚ is that they are usually specialised or have craved a names for themselves in particular subjects . Their knowledge is first-rate and they convey the right information to their charges . Their outlook is professional . On the other hand‚there are some homett tutors who are just interested in moonlighting for the additional income.They are not truly qualified to teach the subjects. The second advantage is that some are passionate about
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poverty worldwide. It is allowing access to technology in developing countries. It promotes world peace. It has benefited women and children’s rights. It raises life expectancy. Advantages of Globalization Globalization has several advantages on the economic‚ cultural‚ technological‚ social and some other fronts Advantages of Globalization Goods and people are transported with more easiness and speed the possibility of war between the developed countries decreases free trade between
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Advantages of Sole Traders It is easy to set up a sole trader. A person can set up a business immediately. There are few‚ if any‚ forms to fill in or procedures needed to set. Easier to run than any other types of business. The owner is in sole charge‚ easier in terms of decision making. Tax Advantages Taxed differently eg. NI contributions are low There are no legal fees to set the firm Control The owner is in sole charge – can make whatever changes they want No meetings required to implement
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Advantages and disadvantages of computer Advantages of computer:- When Charles Babbage invented the computer decades ago‚ he would probably not have realized the impact it would have on mankind’s future. The importance of computers in today’s world can hardly be over-emphasized. Computers have become so much an integral part of the modern age that we also call this period as the computer age. In the initial years‚ the computer was a huge and complex machine that was used for difficult work like
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things to think of and care for. He becomes shrewd in every motion. He adapts his labor to the material; he discriminates between the qualities of that material. He meets the little difficulties of his work with more skill and less waste. These two advantages of the division of labor are shown in the different wages which skilled mechanics obtain as compared with unskilled‚ able seamen with landsmen. 3d‚ It saves time‚ in passing from one work to another. In the making of a chair after the primitive
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1. Does Samsung have a competitive advantage? If so‚ how are they creating added-value compared to industry competitors? Make sure to quantify your claims. (In answering this question‚ you will find helpful information in exhibits 6-7k (but not only there)). a. Compare Samsung’s “value stick” to that of an “industry average” competitor and briefly justify any differences. (Remember that willingness-to-pay and willingness-to-supply are generally unobservable‚ but you can still engage in informed
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these blessings. Other people might be in a situation where life has handed them hardly a morsel of luck or faith; they may also blame a god for their misfortune or stop believing in religion altogether. These people would be in a prime condition to find faith. Finding faith is a reason why religious studies and practices are so intricately different. People take what they have been told and they mix these views with their own personal life experiences to create an ideal trust in someone or something
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