Elevator Pitch Good morning‚ We welcome you all to our presentation. I am ..... and this is ..... and we work at the Waterless washing machine company. We will give you a short presentation about our product the waterless washing machine. The presentation will take a few minutes of your time. First .... will tell something about the problem statement and the solution. After that I will tell something about the unique selling points. Then .... will tell something about the price and the expected
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Michael Porter’s Value Chain History of Value Chain • Popularized by Michael Porter’s book best seller “Competitive • • Advantage” 1985 Creator of “5 Forces model” Helped Gereffi in the late 1990s develop Global Value Chain. Michael Porter’s Background • Born May 23‚ 1947 in Ann Arbor‚ Michigan • Received MBA in 1971 Harvard Business School • Competition and company strategy • 6 time winner of the McKinsey Award Value • The Value is the extent to which a good or service is perceived by
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Otis Toy Trains Company of Minneapolis‚ Minnesota‚ was extremely popular in the 1960’s‚ 70’s‚ 80’s‚ and somewhat the 90’s‚ however since then they have struggled to meet sales that cover their total costs. This lead to a proposal by the Joyous Luck Prosperity Toy Company (JLPTC) of China‚ who offered a price per unit of production to be between 40 and 60 percent lower than their current costs. When considering the attractiveness of this proposal‚ Otis Toy Trains must look at more details than just
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Gen 105 Elevator Speech Yesterday‚ I was talking on the phone with my cousin Lori. We were discussing the work she is doing to get her nursing degree. She has a small daughter‚ and is attending traditional on site classes. I told her that I was finally going back to college too. She asked how I could possibly find time for class while raising three children under the age of three. I told her I was attending Axia College‚ an online university that allows me to do my work when it
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Elevator Pitch You are standing at an elevator‚ waiting. The person you want to pitch your short-term financing proposal to walks up and stands beside you. You introduce yourself and say that you are getting ready to pitch them. They give you the Oh-and-why-should-I-pay-attention-to-you? Look. The elevator doors open and you both enter. You have about 45 seconds to capture their attention and give them a set of reasons to pay attention. This is called an elevator pitch and you must‚ at all times
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Are Porter’s Five Competitive Forces still Applicable? A Critical Examination concerning the Relevance for Today’s Business Author: Fabian Dälken University of Twente P.O. Box 217‚ 7500AE Enschede The Netherlands f.dalken@student.utwente.nl Abstract‚ Porter’s Five Forces model is a powerful management tool for analysing the current industry profitability and attractiveness by using the outside-in perspective. Within the last decades‚ the model has attracted some criticism because of the developing
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Police responded to a shooting last night at a convince store on East Forest Boulevard that left one man dead after an attempted robbery. Michael E. Layoux‚ 22‚ is a clerk at the store and was present at the time of the robbery. The store‚ located in a remote area of town isn’t a stranger to hold ups. “We’re open 24 hours‚ and the store has a history of holdups‚ particularly at night when there aren’t any customers in the store‚” Layoux said. The robber entered the store around 11 p.m. asking for
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Michael E. Brown was born on June 5th‚ 1965. He is a famous astronomer known for his work on distant objects (beyond Neptune) orbiting the sun. His biggest achievement is the discovery of the dwarf planet Eris‚ which is larger than Pluto. Personal Life and Career Mike Brown is from Huntsville‚ Alabama. He studied at the Virgil I. Grissom High School from which he graduated in 1983. In 1987‚ he earned his Bachelor of Arts in physics from Princeton University and he was also a member of the Princeton
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Otis Frank Boykin was born in 1920 in Dallas‚ Texas. His mother Sarah was a homemaker and his father Walter was a carpenter‚ who later became a minister. Otis Boykin attended Booker T. Washington High School in Dallas‚ where he was the valedictorian‚ graduating in 1938. He attended Fisk University on a scholarship and worked as a laboratory assistant at the university’s nearby aerospace laboratory. He then moved to Chicago‚ where he studied at Illinois Institute of Technology but dropped out after
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According to Michael Porter‚ an industry is affected by certain forces‚ which enable them to attain different levels of profitability. These five forces help managers analyze the industry to gain a better understanding and develop a more effective business strategy. In the discount retailing industry‚ it is important to consider the following when considering entry: Threat of New Entrants: Four major competitors‚ WalMart‚ Kmart‚ Target and Costco Wholesale dominate the discount retail industry
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