5 Forces Model -Examines competitive forces that influence the profitability potential in an industry -Each force can reduce the probability that a firm can earn profits while competing in an industry Potential Entrant - can take market share away - force to learn new ways to compete - Barrier - Economies of scale – cost disadvantage - Capital – lack the resources (physical & human) to compete‚ competitive disadvantage - Switching costs – college‚ machine - Differentiation
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STRATEGIC MANAGEMENT – ASSIGNMENT 03 Apply Michael Porter’s model to any industry of your choice - Retail‚ Telecom‚ Infrastructure‚ FMCG‚ Insurance‚ Banking etc… Confectionery is related to the food items that are rich in sugar and often referred to as a confection. Confectionery refers to the art of creating sugar based dessert forms‚ or subtleties (subtlety or sotelty)‚ often with pastillage. From the Old French confection‚ origin of Latin confectio(n-)‚ from conficere‚ to "put together"
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dealing with services‚ Tune.com Hotel has its structure that shapes the competition within tourism industry in term of positioning the company to cope best with both the industry environment and to influence the environment in favor of the company (Pearce & Robinson‚ p. 95). There are 5 forces analysis in driving industry competition advocated by Michael E. Porter‚ they are some general principle that applicable for any type of business‚ particularly for Tune.com Hotel Company set up in Malaysia. This
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BIG 5 MODEL Openness - People who like to learn new things and enjoy new experiences usually score high in openness. Openness includes traits like being insightful and imaginative and having a wide variety of interests. Conscientiousness - People that have a high degree of conscientiousness are reliable and prompt. Traits include being organized‚ methodic‚ and thorough. Extraversion - Extraverts get their energy from interacting with others‚ while introverts get their energy from within themselves
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like to pick out a person and let them become their role model. Britney Spears is one among thousands and thousands of whom people usually refer them as pop stars. In this media era of the world‚ pop stars are ones we usually see on television. Britney Spears for instance appears in almost every television show and newspaper article. The promotion is just extraordinary and effective. So effective that the image they possess become role model for young people especially. It is quite easy to understand
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The Hong Kong Management Association Lingnan University Joint Diploma in Management Studies Management Project Spring 2010 |Title of Project |: |The human resources management of Five-star hotel in China | |Student Name |: |LUI WING-HI | |Student Number |: |073042
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Are Pop Stars Good Role Models As children we are born into a world full of false hopes and false idols. These false hopes are those of many who have everlasting dreams of a person who will save them from their own struggles in life and be there to guide them into a better one. False idols of today are those who take the place of the actual heroes in everyday life. They take the place of the true martyrs and the true Heroes that risk their lives trying to make the dreams of many come true. A
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Organisational structure: According to the McKinsey 7s model analysis‚ MEPA’s organisational structure is a very traditional one. We have a hierarchy with a CEO at the top of the reporting structure and different layers of managers supervising employees below him. My organisation has a clear reporting structure. The higher a person is in this structure‚ the more authority‚ he or she has‚ but also more responsibilities. With such a hierarchical structure clear lines of communication are enforced
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SBGA‚ 5-Star Reputation Management (1888 PressRelease) SBGA’s Web Management Program Offers Reputation Management Tools to Help Members Request‚ Maintain‚ and Post Customer Reviews. The Internet has changed the way customers choose which businesses to visit for the products and services they desire. Instead of flipping through the phone book or visiting the nearest strip mall‚ customers are now going online and looking for the business that comes up with the most reviews. In fact
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Apply the McKinsey 7S model to your organization ‚ list out the organizations 7S. The McKinsey 7S model involves seven interdependent factors which are categorized as either "hard" or "soft" elements: Hard Elements Soft Elements Strategy Structure Systems Shared Values Skills Style Staff Hard elements are easier to define or identify and management can directly influence them: These are strategy statements; organization charts and reporting lines; and formal processes and IT systems.
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