vi. How Aravind Fits in Porter’s Strategy Framework Porter’s strategy for competitive advantage supports the notion that there are two ways in which a firm can compete to be a leader in its industry: cost or product uniqueness. To compete in cost leadership‚ a firm must not only be a low cost producer in the industry‚ but must be able to sustain that position. A company that is seeking to gain their competitive edge through product differentiation must possess a unique product or service that is
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prevalent; all the people of India needed was the supply. Unfortunately‚ the majority of the people in India with eye problems were poor and unable to access the medical attention that they needed. 1.2 million cataract operations were taking place each year meaning the ophthalmologists could not even keep up with the amount of people being diagnosed each year. This is a large reason Dr. V and the Aravind hospital was successful early on. In just four years the Aravind hospital was able to grow from
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The Aravind Eye Hospital‚ Madurai‚ India: In Service for Sight 1) Identify the key factors that led to Aravind’s success. What was Dr. V’s role in all this? What was the support staff’s role in all this? Key success factors: The key success factor was to align a great social benefit with a sustainable business model. The conservative financial management with no debt allows sustainable growth. The vision and mission of the organization is well articulated and the collaborators are well
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Imperialism of Africa and Asia had both good and bad effects. The people of Africa and Asia may not have directly benefited from imperialism‚ but overall what happened was necessary for the continents to compete with the rest of the world. The African people benefited when the slave trade was abolished. They gained technological advancements by industrializing. The longest lasting effect imperialism had on Africa and Asia is that they were able to function and participate with other nations in global
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terms of three major symptoms: overseas discovery‚ population growth and price inflation all of which are tied together in a complex multiplicity making in difficult to isolate one symptom from the others. Alongside these three key factors is another two factors‚ Emperor Charles Habsburg’s (Charles V) call for expansion of Christendom by converting the natives of the New World and the desire for economic power through monopolising on the trading of specific commodities‚ mainly spices although this
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The Aravind Eye Hospital‚ Mandurai‚ India: In Service of Sight 44118637‚ 44019122‚ 46650842 and 42441715 Executive Summary Key Success Factors Utilizing Porter’s Evolution of Global Competition‚ the following section identifies several key factors that led to Aravind’s success. The factor conditions‚ firm strategy and rivalry‚ related industries and demand conditions were fundamental to this eye hospital’s social and financial realization. 1. Factor Conditions: Labor and capital conditions contributed
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Introduction • India in the changing scenario • Triangle of India‚ China and Pakistan • India in Nuclear Cooperation • Foreign Investment in India • India’ Diplomacy • Conclusion Introduction- As the world increasingly acknowledges India ’s rising power status‚ India is adapting its foreign policy to meet the international challenges of the 21st century and to increase its global influence and status. For many years‚ India took pride in its role
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Islam Spreads in Asia and Africa 1. Most Arabs are Nomads • The Arabian Peninsula is mainly a dry‚ rocky plateau. • Most of the peoples in Arabia were nomads called Bedouin. • There was no written law among the tribes. • Some towns became centers of trade. 2. Arabs Follow Different Religions • Kaaba • Tribal gods • Judaism and Christianity 3. Mohammed Established a New Faith • He received his first revelation from God • He rejected the many deities of the tribal religions • He offered
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Case: Aravind Eye Hospital * What is Aravind’s mission? How successful is Aravind at achieving its mission? The mission is to bring eyesight to the masses of poor people in India‚ Asia‚ Africa and all over the world. To provide quality care as a non-profit eye hospital. To spread the Aravind model and offer hope in all parts of the world. Aravind has grown from a 20-bed hospital in 1976 to 1224 beds in 1992 as one of the biggest hospitals of its kind in the world. The Aravind organization
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The Problem of blindness - Figures and Facts: • As of 1992: Total 32 billion blind people in the world out of which 20 million are in Asia. India also had 20 million blind people out of which only 12 million were classified as blind. • Major cause of blindness being cataract esp. In developing countries accounting for nearly 75% of all cases in Asia. 80% of cataracts are age related (starts with 45 years and increases dramatically after 65 years of age) Cataract as a major cause of blindness
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