Competing on resources: Strategy in the 1990’s‚ Collis & Montgomery (1995) Harvard Business Review Managers complain that strategic planning is too slow to keep up with changes in global competition and technology. Resource Based View (RBV) combines the internal analysis and external analysis of the industry and the competitive environment. Therefore‚ RBV builds on‚ but does not replace‚ the two approaches to strategy. RBV sees companies as very different collections of physical and intangible
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Implementation of TQM in Manufacturing Industries in the Kingdom of Saudi Arabia Anisur Rahman1 and Muhammad T. Attar2 1‚2 Griffith School of Engineering‚ Griffith University‚ Gold Coast Campus‚ QLD 4222‚ Australia 1 a.rahman@griffith.edu.au and 2Muhammad.Attar@student.griffith.edu.au ABSTRACT Manufacturing industry in the Kingdom of Saudi Arabia has been grown significantly over the last decades due to increased public demand‚ Government’s initiatives‚ and the investors increased interest
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2014 Are You Making A Good Decision For Your Child? All parents want their child to become successful. Some parents will go to great lengths to “help” their child by signing them up for a club‚ sport‚ or other extracurricular activities that will be “good” for them and their future. Usually the child ends up hating it or it causes something bad to happen. Even though parents might think they’re making a good decision for their child‚ it could end up as the bad decision that could potentially ruin
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EXPLAIN THE DECISION MAKING PROCESS WITH EXAMPLE OF YOUR OWN. Introduction:- Decision making is an integral part of the most of the top manager’s duties. Not even a single day passes without taking decisions particularly in modern organisations. Hence‚ management and decision making are considered as inseparable. In fact‚ whatever a manager does‚ he can do it only by taking some decision. All matters related to planning‚ organization‚ staffing‚ directing and
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STRATEGY IMPLEMENTATION I. What is strategy? * Defined from atleast 2 perspectives: 1. From the perspective of what an organization intends to do * The broad program for defining and achieving an organization’s objectives and implementing its missions 2. Pattern of the organization’s responses to the environment over time * Every organization has a relationship with its environment that can be examined and described * This view includes managers who are reactive—who respond
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Introduction to FMCG sector The Indian FMCG sector is the fourth largest sector in the economy with a total market size in excess of US$ 13.1 billion. It has a strong MNC presence and is characterised by a well- established distribution network‚ intense competition between the organised and unorganised segments and low operational cost. Availability of key raw materials‚ cheaper labour costs and presence across the entire value chain gives India a competitive advantage. An average Indian spends
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FUNCTIONAL IMPLEMENTATION Functional plans and policies are the sole responsibilities of the managers and they are responsible for the implementation of plan and policies to be adopted by the organization. And strategist needs to direct them properly to achieve the set goal. Functional strategies are the same as functional plans and policies‚ which are the actual plans to implement organizations strategies. Therefore functional plans and policies are operational plan and tactics to make a strategy
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Enterprise Resource Planning Implementation in an Institution of Higher Learning: A Case Study of Drummond University Randall B. Hayes‚ Central Michigan University‚ USA Kathleen M. Utecht‚ Sam Houston State University‚ USA EXECUTIVE SUMMARY Enterprise Resource Planning (ERP) software systems are implemented in major corporations because of their unique design which enables the integration of information across the functional areas of a business. Implementations of ERP
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5 Steps To Successful ERP Implementation By Sean W. O’Donnell‚ President‚ Datacor‚ Inc. Introduction Tougher competition in the marketplace is generating the need to better optimize resources‚ improve profitability and keep customers satisfied. Companies are increasingly implementing Enterprise Resource Planning (ERP) software solutions to improve operations and provide faster customer response. Choosing an ERP solution that meets your specific business requirements will enable you to have a
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"What is your experience with decision-making models?" How do we‚ as leaders‚ make our decisions? After decades of pondering‚ no singular method on the subject exists. So how then does one know which method to choose or if the right choice has been made and why should we use one at all? To answer these questions‚ I must refer to my personal experience on the subject. I have used a variety of decision-making tools‚ including PMI‚ SWOT‚ CBA‚ Decision-Trees‚ and MDPISA. What are these tools?
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