the role of IVC in competition is the “value chain” by Michael E. Porter. A business is profitable if the value it creates exceeds the cost of performing the value activities. To gain competitive advantage over its rivals‚ a company must either perform these activities at a lower cost or perform them in a way that leads to differentiation to charge premium price. (Porters Generic theory of Differentiation‚ Cost Leadership‚ Focus Strategy) Porters Value Chain Analysis (VCA) helps to identify sources
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chain” by Michael E. Porter. This concept divides a company’s activities into the technologically and economically distinct activities it performs to do business. We call these as “value activities.” A business is profitable if the value it creates exceeds the cost of performing the value activities. To gain competitive advantage over its rivals‚ a company must either perform these activities at a lower cost or perform them in a way that leads to differentiation to charge premium price. (Porters Generic
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decrease profit potential for the seller. On the other hand‚ a weak buyer‚ one who is at the mercy of the seller in terms of quality and price‚ makes an industry less competitive and increases profit potential for the seller. The concept of buyer power Porter created has had a lasting effect in market theory. Buyer Power – Determining Factors¶ Several factors determine Porter’s Five Forces buyer bargaining power. If buyers are concentrated compared to sellers – if there are few buyers and many sellers
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Most discussions of the competitive success of nations look at aggregate‚ economy-wide measures like the balance of trade. Porter chose a different starting point‚ beginning with individual industries and competitors and building up to the economy as a whole. Nations do not compete in the marketplace—business firms do‚ and the performance of individual companies in particular industries in where competitive advantage is either won or lost. The home nation influences the ability of its firms to succeed
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Michael Porter described Value chain as the activities which a firm carries out in order to come up with a quality product that meets the consumer’s needs. Such activities include‚ research and development‚ product design‚ production of the product‚ marketing and selling the finished product to potential customers‚ distribution management and customer service which may include after sale services like repair and maintenance (Institute of Management Accountants‚ 1996). Michael Porter further
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Professor Michael E. Porter Institute for Strategy and Competitiveness Harvard Business School Cambridge‚ Massachusetts June 24‚ 2005 This presentation draws on Michael Porter‚ Klaus Schwab: The Global Competitiveness Report 2004-2005‚ Oxford University Press‚ 2004 and other sources. For further information on the Report and on the Institute for Strategy and Competitiveness see www.isc.hbs.edu 200506 GCR Vietnam – KC 2005.06.24.ppt 1 Copyright 2005 © Professor Michael E. Porter Topics
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References: • Porter‚ Michael‚ Competitive Advantage‚ The Free Press‚ NY‚ 1985. • Porter‚ Michael‚ The Competitive Advantage of Nations‚ The Free Press‚ NY‚ 1990. • Porter‚ Michael‚ "What is strategy?" Harvard Business Review v74‚ n6 (Nov-Dec‚ 1996):61 (18
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Michael Jordan Michael Jordan was born on February 17‚ 1963 in Brooklyn New York. He lived in Wallace North Carolina but moved to Wilmington North Carolina when he was 7 years old. By the end of his career in basketball he was regarded as the best player in history. Playing 18 seasons in the NBA‚ 16 of them for the Chicago Bulls‚ and led them to 6 NBA championships. Throughout his career‚ he has changed the role of African American athletes and also a great role model for millions of people.
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who inbraced the goodness of children and humanitarian work. He was the King of Pop. He was Michael Joseph Jackson. Born on the 29th of August 1958‚ in Gary‚ Indiana‚ Chicago‚ Michael was the eighth of ten children to an African-American family. He attended Montclair college prep‚ his elementary‚ where he gained interest in music. Michael had a troubled relationship with his father. In an interview Michael admitted that when he was a boy‚ he regularly got whipped by his father‚ also that he had often
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“I deliberately set very high goals for myself…why not? No limits” (Phelps 14). Michael Phelps is a name that will always be associated with the word swimming. He made the sport well-known by his eight medal wins at the 2008 Beijing Olympic Games‚ and is the most decorated Olympian in the world. He had been swimming since he was seven years old‚ and competed at only fifteen years old in his first Olympic Games. Michael Phelps has affected the world for good by bringing honor to the United States‚
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