Section 6 Lecture Notes for Chapter 5 369 Chapter Chapter Summary 5 The Five Generic Competitive Strategies Chapter Five describes the five basic competitive strategy options – which of the five to employ is a company’s first and foremost choice in crafting overall strategy and beginning its quest for competitive advantage. Lecture Outline I. Introduction 1. There are several basic approaches to competing successfully and gaining a competitive advantage‚ but they all involve giving buyers what
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product differentiation. Distribution is the most important because Sara Lee is widely globalized corporation‚ good distribution is necessary to remain competitive. Low cost is vital when competing in foreign markets against local and regional competitors with fewer costs. Higher capacity utilization will lead to improvement in economies of scale. Brand recognition allows companies to generate sales in current and new markets based on reputation. The importance of product differentiation is largely
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which the axial and appendicular skeletons are formed through the formation of a cartilage inter-mediate. A good model for endochondral ossification is the limb bud where the precursor cells of the mesenchyme condense and then followed by the differentiation of the most central chondrocytes. Endochondral ossification is a highly regulated process by different signalling like the epidermal growth factor receptor (EGFR)‚ a tyrosine kinase
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using an industrial example. Michael Porter indentified that there are 2 basic types of competitive advantage‚ cost advantage and differentiation advantage. A competitive advantage exists when the firm is able to deliver the same benefits as competitors but at a lower price (Cost Advantage) or deliver benefits that exceed those of the competitors (Differentiation). Thus‚ the firm creates superior value and products for customers whilst it gains superior profit for the company. A resource based
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cell types. 7.) Besides bone marrow where are the somatic stem cells found? Somatic stem cells have been found in many other tissues‚ including brain‚ blood‚ blood vessels‚ muscle‚ skin‚ teeth‚ heart‚ gut‚ and liver. Click on Reversing Cell Differentiation to answer the following questions. 1.) Describe what scientists were able to do in 2006. In 2006‚ scientists reported that they had turned a differentiated cell back into a stem cell with the potential to become any type of cell in
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Visor launch date for a more satisfying product; or should he accept his client request‚ which could potentially lead to less desirable outcome? Issue Analysis The question here is clear. It is the choice between cost-leadership strategy and differentiation strategy. While his client wanted to get the product available in the market early in order to sell as much as possible and also minimize the cost of development‚ Boyle‚ on the other hand‚ wanted to put more effort into development process to
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Levi’s Case Issue: How could Levi’s Strauss sustain its competitive advantage/differentiations to retain the customers? Whether the company should accept the personal pair proposal? Analysis: Strength - Levi’s holds a top position in the clothing industry. It has successfully applied differentiation strategies in its business with its history of a highly recognizable brand name and brand loyalty. It charges customers a premium on its products by providing valued features. Weakness - Levi’s
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of early embryo identical • Differentiation results in specialized cell types – some differentiated cells continue to divide – many others are “terminally differentiated” • Tissue stem cells supply replacement cells – in those tissues where differentiated cells do not divide 3 What is a Stem Cell? • Not terminally differentiated • Never lose capacity to divide • Daughter cells assume one of two fates – remain a stem cell – commit to terminal differentiation and stop dividing – often
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Stem Cell Research One of the numerous scientific topics that creates a great divide between Americans and political party platforms is the approval or disapproval of stem cell research. There is very firm support and opposition to this topic‚ and it can often provoke heated discussions amid the general public and those in academia. The core of the debate specifically revolves around embryonic stem cell research and the ethical implications that come with experimentation on human embryos. When
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Page 7 (a‚b‚c‚d) Cell drawings of onion cells and cheeks cells Page 8 Electron micrograph of an animal cell Page 9 List of four tissue types with diagrams Page 10 List of four tissue types with diagrams (cont.) Page 11 Cell differentiation plus two examples. Page 12 Gastrulation – Endoderm‚ Ectoderm‚ Mesoderm with diagrams Page 13 Gastrulation (cont.) Page 14 Stem Cells – Embryonic‚ Adult Page 15 Stem Cells (cont.) Page 16 Muscle Tissue Page 17 Muscle Tissue
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