reserved. Departmentby © 2006 by The McGraw-Hill Companies‚ All rights reserved. Copyright ©Copyright The McGraw-Hill Companies‚ Inc.Inc. All Spring 2007 2006 of Economics Overview I. Methods of Procuring Inputs Spot Exchange Contracts Vertical Integration II. Transaction Costs Specialized Investments III. Optimal Procurement Input IV. Principal-Agent Problem Owners-Managers Managers-Workers Michael R. Baye‚ Managerial Economics and Business Strategy‚ 5e. Hakan TASCI Elon University
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|Procuring in a vertical integration International Project : The case of Esquel Group in Xinjiang‚ China | |Procurement & Contract Management Team Project | | | |
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Q- Town planning is a science as well as art ? Town planning is a science as well as art .The art and science of ordering the use of land and sitting of buildings and communication routes so as to secure the maximum practicable degree of economy‚ convenience and beauty within available resources and time frame. If all artistic sense is forgotten in planning we start to build places that lack culture. Sure we can add an institution that may bring culture to that area‚ but the area itself lacks
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volume of a product. Horizontal mergers aim at achieving economies of scale. This phenomenon continues while the firm grows to its optimal size‚ after which a firm experiences diseconomies of scale. • Economies of Vertical Integration: Economies of vertical integration are achieved in vertical mergers. It makes coordination of closely related operating activities easier. • Entry to New Markets and Industries: A firm that wants to enter a new market but lacks the know-how can do so through the purchase
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Corporate Level Strategies Kinds of Grand Strategies: * Stability Strategies * Growth Strategies * Retrenchment Strategies * Combination Strategies Stability Strategies The basic approach is ‘maintain present course: steady as it goes.’ In an effective stability strategy‚ companies will concentrate their resources where the company presently has or can rapidly develop a meaningful competitive advantage in the narrowest possible product-market scope consistent with the firm’s
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commodity and direct-consumer distribution markets. Cargill is a company that employs more than 180 000 employees and exports 25% of US wheat and supplies most of the worlds produce like meat‚ oils and other food produce to consumers. The company has a vertical supply chain‚ however with the global trends it becomes more horizontal and joints with famous brands to be down-to-market and answer consumer tastes and preferences. With increasing publicity as a result of globalization‚ Cargill is more transparent
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Joint Ventures The several different types of merger are horizontal‚ vertical‚ and conglomeration: Horizontal merger refers to two companies that were once competitors but came together to merge into one large organization. As one large operation‚ they are serving the same clientele under one entity. Vertical merger is two companies who are a manufacturer and supplier‚ coming together as one. The main goal in a vertical merger is to increase efficiency in the supply chain to increase profits
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international scope‚ and vertical scope are part of corporate level strategy decisions. @Pages and References: Pages 308-310 *a. T b. F 3. "How profitable do we want to be?" is the starting-point of corporate strategy. @Pages and References: Pages 313-315 a. T *b. F 4. The most sensible corporate strategy is to expand the scope of activities the company is involved in over time. @Pages and References: Pages 313-315 a. T *b. F 5. Fifty years ago‚ vertical integration was a fashionable strategy
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distribution system Supply-chain Strategies: 1) Many Supplier: 2) Few supplier: 3) Vertical integration: Developing the ability to produce goods and services previously purchased or actually buying a supplier or distribution 4) Joint venture: 5) Keiretsu networks: Japanese 6) Virtual Companies Logistic Management: An approach that seeks efficiency of operation through the integration of all material acquisitions‚ movement‚ and storage activities Distribution System:
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categories: Studio System‚ Independent Spirited & Independent. 4. Explain how this ownership is arranged giving definition to Oligopolies‚ Vertical and Horizontal Integration giving examples from case studies. 5. Compare the arrangement and financial success of the Vertical and Horizontal Integrated system to an Independent Co (WARP)which does not have a full Vertical and Horizontally Integrated System Analyse each industry mode discussing the major problems and benefits technological advancements
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