of Michael Porter’s Generic Strategies in the Romanian Hotel Industry Ovidiu N. Bordean‚ Anca I. Borza‚ Răzvan L. Nistor and Cătălina S. Mitra‚ Abstract— Porter’s generic strategies remain one of the most widely accepted typology of strategic options for businesses. Using a survey a sample of 69 hotel managers from the Nord-West part of Romania was questioned about their current strategic practices. A factor analysis revealed that hotels are pursuing only two strategies that can be identified
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INTRODUCTION Is alcohol good for your health? For many reasons‚ this is a question without simple or clear-cut answers. Humans have used alcohol safely and enjoyably for thousands of years‚ and it continue to occupy an important place in many religious ceremonies and social celebrations. In addition‚ moderate alcohol use can provide certain health benefits‚ particularly with regard to coronary heart disease. However‚ alcohol consumption is also associated with serious risks. Drinking too much
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Rap Music: It’s Your Choice Rap is talking in rhyme to the rhythm of a beat. It is a form of music that stemmed from hip-hop culture; it began in the Bronx in the 1970’s. It evolved from storytelling through songs that express the essence of African American street culture. Rappers tend to make references of love‚ sex‚ violence‚ socio-political issues‚ crime‚ race‚ and anything that depicts their street life. For example‚ in an interview from Kronick Magazine‚ rap artist Eminem states‚ “…when I
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Confidence 1. How do you justify your thinking to someone who questions your conclusions? The way that I justify my thinking to someone who questions my conclusions is by using my knowledge from my past and present experiences‚ as well as the education I have acquired thus far both in and out of school because not everything is learned in the classroom. I use evidence-based practice and information from reliable sources as well as textbooks to explain my reasoning for someone to better understand
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any differences between them: (a) Porter’s Generic Strategies (b) The Strategy Clock Purpose of Porter’s Generic Strategies and Bowman’s Strategic Clock are both aimed to help companies understand how they compete in the marketplace. Base on the different combinations of price and perceived value‚ companies should know how to choose a position of competitive advantage that understanding the company’s competencies. Application of Generic Strategies is focus on three ways in which a company could
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In this paper‚ we analyze lessons learned from the "Developing Grand Strategies" simulation relative to the importance and effectiveness of strategy formulation and choice. We also discuss about the concepts and analytic tools we can use in the development of our strategic plan. Finally‚ we discuss the challenges facing strategic planners. What are lessons learned relative to the importance and effectiveness of strategy formulation and choice? We have learnt that the appropriate Grand strategies
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What is your teaching philosophy? Teachers have an enormous impact on a student’s development‚ especially during elementary school years where there is one primary teacher for the entire year. As a teacher I will be passionate about keeping up on different teaching strategies and using those strategies in my classroom. Some strategies I will use in my classroom are allowing students to actively explore‚ inquire‚ discover‚ and experiment. I feel these different strategies are crucial to a students
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Michael Porter has described a category scheme consisting of three general types of strategies that are commonly used by businesses to achieve and maintain competitive advantage. These three generic strategies are defined along two dimensions: strategic scope and strategic strength. Strategic scope is a demand-side dimension (Michael E. Porter was originally an engineer‚ then an economist before he specialized in strategy) and looks at the size and composition of the market you intend to target. Strategic
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resources may consider vertical integration. Quadrant II indicates that the firm is in rapid market growth and weak competitive position. Firm needs to evaluate their present approach to the market and identify why the current strategy is not effective. The firm will then adopt the grand strategy options accordingly. Quadrant III indicates that the firm is in slow market growth and weak competitive position. Firm should decrease resources used by the particular business. Another way is that firm
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“At Your Service” PM598 – October 2012 Johnny Sanders You are Chris and Pat Smith‚ entrepreneurs with five years of experience investing in small businesses. Eighteen months ago you decided to invest in a catering venture with two chefs‚ J. P. Martin and L. L. Miller‚ who have culinary science degrees and five years of work experience‚ which includes winning a prestigious prize in a gourmet food competition. Following some extended discussions‚ the four of you decided to set up a business
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