William of Occam’s Razor is the concept that when two competing ideas seem to explain the facts‚ the simpler is likely to be the true idea. Basically he feels that when something becomes overly involved‚ don’t make yourself crazy by making a situation more complicated. Simplify your life and you will be happy. A simpler idea is not necessarily true. It is just preferred until more facts or data can clarify the situation. Also‚ the more bizarre and complicated an idea is‚ the less likely it is
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Gillette The Razor Wars Continue Overview Case Overview: Founded in 1901 by King C. Gillette‚ the Gillette Company has been extremely successful since it’s inception into the shaving market. Gillette did such a good job from the start in the shaving market‚ that the company went sixty-years before having any meaningful competition for it’s customers. In 1962 Gillette was enjoying a seventy percent share of the market and everything was looking rosy for the top shaving product company in the
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rosenberg‚ william kim and Shareholders from: jackson randall subject: paramount clean edge date: 8/16/2010 After extensive and exhausting research for the past few months on our newest product “Clean Edge”‚ in which many of our internal departments and managers have contributed invaluable knowledge‚ time and energy in seeing that Clean Edge has an efficacious launch in the super-premium non-disposable razor market‚ I was appointed by Mr. Quimby to spearhead a recommendation to the executive steering
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Evan Roy December 9‚ 2014 BUS 360 Clean Edge Analysis The decision at hand is should Paramount position its new innovative Clean Edge razor in the mainstream market or possibly position the razor as a niche product? In addition‚ the company also must decide on the brand name and marketing budget for the product launch. Paramount product manager‚ Jackson Randall is faced with some very difficult decisions that involve many differing opinions from company executives. All Paramount
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ignore the role of a straight razor. There is a growing interest among most men across the world to shave with a straight razor. More details about this traditional razor can be seen in the website thetrendspotter.net. As more men have started using the straight razors in the recent times‚ more information has started pouring in the minds of men through books‚ articles‚ blogs and websites. In fact‚ professional barbers of yester years always use these straight razors and got the best results in the
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formation of bubbles in the tip of the burette. The second portion of the expirement was the analysis of razor blade. The dissolved razor blade solution was titrated with KMnO4. The volume of KMnO4 was recorded. There are slightly differences in the volume of KMnO4 used in each trial. The volume of KMnO4 used and the mass of KMnO4 was used in determining the percentage of iron in the razor blade(see appendix). In trial 1‚ the percentage of iron computed was 81.38%; in trial 2‚ the percentage was
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Gillette Safety Razor Division: Case Write Up Overview Ralph Bingham‚ VP new business development of Gillette Safety Razor Division (SRD) needs to decide whether to enter the rapidly growing blank recording cassette market. He is assessing whether Gillette can use its strengths in high volume manufacturing and marketing of mass distributed packaged goods to assume a leadership position in this new market. I recommend Gillette avoids entering this market Analysis The SRD commissioned consultancy
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Razor E300 Electric Scooter Review The Razor electric scooter is a favorite for many people. However‚ one major downfall with it is that most are designed for kids rather than full-size adults. This makes it difficult for people who want to use it as a way to avoid traffic and walking to work each day. The E300 promises to make it a little easier for adults to have a scooter to ride. If this sounds ideal to you‚ perhaps you should check out our Razor E300 electric scooter review to make sure it is
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split-off of the Toiletries Division‚ the Gillette Safety Razor Division (SRD) is considering a proposal to enter the blank recording cassettes market to try to achieve its assigned earnings growth target. The blade and razor business is mature and the SRD knows it won’t be able to achieve the growth target there‚ so it’s evaluating a diversification strategy to enter the new business. As in any diversification strategy‚ they are facing a new market‚ with a new product. The first thing that SRD should
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Case Study Measuring Systematic Risk For the first chart‚ we can measure the systematic risk. Systematic risk is defined as the risk that cannot be diversified away. The systematic risk of an individual asset is really just a measure of the relation between the returns on the individual asset and the returns on the market. Now‚ we draw a 45o line across the origin as the picture. The the line shows the company’s performance when the measure stay at the same systematic
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