Chapter 5 The Five Generic Competitive Strategies Screen graphics created by: Jana F. Kuzmicki‚ Ph.D. Troy State University-Florida and Western Region 5-1 McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies‚ Inc. All rights reserved. “Competitive strategy is about being different. It means deliberately choosing to perform activities differently or to perform different activities than rivals to deliver a unique mix of value.” Michael E. Porter Strategy and Competitive Advantage Competitive
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Issue: Did Phillip or Radio Station 2ZW owe Jane or Tom duties of care? Is this personal injury or purely economic loss case? Was there a breach of the duty of care? Did the breach cause any harm to Jane and Tom? Was the scope appropriate of the negligent person’s liability? Are there any defences available for Philip or 2ZW? Relevant law: Elements of negligence action need to be satisfied on the balance of probabilities: In personal injury case‚ duty of care exists if harm is reasonably foreseeable
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Chapter 5 Risk Analysis Case 5.3: Fly-By-Night International Group: Can This Company Be Saved? I. Objectives A. Illustrate the impact on the financial statements of a continually changing corporate strategy. B. C. II. II. Assess the likelihood of survival of a firm experiencing severe profitability and cash flow problems. Address ethical questions about the dealings of a majority shareholder of a publicly held corporation who also is CEO (chief executive officer) and chair of the board of directors
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Chapter 5 Notes Three general reasons for holding onto cash: 1. managing transaction needs 2. preparing for cash emergencies 3. making a temporary investment -very conservative advice suggest you should have enough liquid assets to cover 5 to 8 months of regular expenses -others suggest 2 months is more than enough Four rules to help better cash management outcomes: 1. keep track of your cash by balancing your checkbook every month 2. develop a system to ensure that
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In the book Station 11 written by Mandel‚ which is a fictional book‚ that illustrates what life could be like if a flue destroyed most humans. The book describes an area called the Museum of Civilization‚ which is a museum which collects things that lost their worth in the pre-collapse. The item which would be best suited to be exhibited at the Museum of Civilization would be a dusty baseball mitt. This item would be well suited for the museum due to the history which pertains to baseball. This will
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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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51. --------- extends the range of a moving-iron ac ammeter. C a. A shunt b. A multiplier c. Changing number of turns of operating coil d. A series 52. The most sensitive instrument is D a. Moving-iron b. Dynamometer c. Hot-wire d. Permanent-magnet moving coil BRIDGE MEASUREMENT 53. The bridge uses the -------- measurement and operates on ------------- principle. C a. Direct measurement and null indication b. indirect Direct measurement and null indication c. Comparison measurement and null
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In this occasion‚ I am going to deliver a speech on the title of “The Five Pillars of Islam”. Muslim people who follow Islam have five duties which are called the Five Pillars of Islam. Those are 1. Sahada-Testifying 4. Sawm-Fasting 2. Salah-Prayers 5. Hajj-Pilgrimage to Makkah. 3. Zakath-Charity Every Muslim tries to carry out these five things‚ and it helps them to feel that they are members of the worldwide Muslim community. These certain five pillars create a strong sense of community‚ even though
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with the development of infrastructure‚ cement production with demand. Now a cement grinding station of the new design‚ in addition to outside tends to be larger‚ and also began considering slag separate grinding in Henan heavy industry Corporation to build about a cement grinding station of blast furnace slag grinding production line‚ ground out a mineral powder directly on the mill-tail joining‚ so that can not only control of slag powder and cement quality and achieves economies of scale‚ two
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Chapter I THE PROBLEM AND ITS BACKGROUND INTRODUCTION In our contemporary society at present‚ every country is facing various problems in suppressing crime rate. Every country has different crime profile and no one could claim that they had the best strategy that will lessen the increasing criminality. To deal with this problem‚ law enforcement agencies had already move on to the principle of crime prevention rather than crime fighting in order to determine their effectiveness and efficiency
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