Durham Research Online Deposited in DRO: 22 January 2013 Version of attached file: Accepted Version Peer-review status of attached file: Peer-reviewed Citation for published item: Garrow‚ D. and Yarrow‚ T. (2010) ’Archaeology and anthropology : understanding similarity‚ exploring difference.’‚ Oxford: Oxbow. Further information on publisher’s website: http://www.oxbowbooks.com/bookinfo.cfm/ID/87549 Publisher’s copyright statement: Additional information: Sample chapters deposited
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advantage. Strategy can be broadly defined as the long-run direction and scope of an organisation. Two quintessential objectives of strategy are the delivery of value and the establishment of sustainable competitive advantage (Johnson‚ Scholes & Whittington‚ 2008‚ p.3). Mintzberg’s 5P’s is a deliberate‚ planned and structured process executed by management in order to gain a clear objective. The 5P’s stand for plan‚ploy‚pattern‚position and perspective.(Mintzberg 1987) The emergent process is the
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Module Guide Strategic Management BBM_6_STM FACULTY OF BUSINESS 2014 - 2015 Semester One Level six Table of Contents 1. Module Details 3 2. Short Description 3 3. Aims of the Module 3 4. Learning Outcomes 3 4.1 Knowledge and Understanding 4 4.2 Intellectual Skills 4 4.3 Practical Skills 4 4.4 Transferable Skills 4 5. Assessment of the Module 5 6. Feedback 5 7. Introduction to Studying the Module 6 7.1 Overview of the Main Content 6 7.2 Overview of Types of Classes 6 7.3 Importance
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is the direction and scope of an organization over the long term‚ which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. ( Johnson‚ Scholes‚ Whittington‚ 2009:3). It does not happen by itself automatically and depends on people‚ especially the managers who decide and conduct strategy. This is called “strategic management”. In effect‚ Strategic management can be divided into three elements‚ shows
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which achieves advantage for the organization through its configuration of resources within a challenging environment‚ to meet the needs of markets and to fulfil stakeholder expectations” (Johnson‚ Scholes & Whittington‚ 2008). From the definition given by Johnson‚ Scholes & Whittington‚ 3 critical points are highlighted in strategy‚ THE FUTURE‚ CONFIGURATION of the Organization and COMPETITIVE ADVANTAGE. Thus‚ Strategy is clarifying where the business is aiming for in the long-term‚ how the
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Strategic management analyzes the major initiatives taken by a company’s top management on behalf of owners‚ involving resources and performance in external environments.[1] It entails specifying the organization’s mission‚ vision and objectives‚ developing policies and plans‚ often in terms of projects and programs‚ which are designed to achieve these objectives‚ and then allocating resources to implement the policies and plans‚ projects and programs. A balanced scorecard is often used to evaluate
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Five Ps for strategy Henry Mintzberg (1996) * Mintzberg‚ H. (1996) ’Five Ps for Strategy1 in Mintzberg‚ H. and Quinn‚ J. B. (1996) The Strategy Process‚ London‚ Prentice Hall. Originally published in extended form in California Management Review (Fall 1987). * Human nature insists on a definition for every concept. * Strategy has long been used implicitly in different ways even if it has traditionally been defined in only one. * Explicit recognition of multiple definitions can
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Strategic Management BM3310 \ Student Name : Kim Heejun Student I.D.: 607-1213-02 Programme: BABHM Today’s dynamic markets and technologies have called into question the sustainability of competitive advantage. Under pressure to improve productivity‚ quality‚ and speed‚ managers have embraced tools such as TQM‚ benchmarking‚ and reengineering. Dramatic operational improvements have resulted‚ but rarely have these gains translated
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Executive summary Kentucky Fried Chicken Corporation (now KFC) is a well-established multinational company which forms part of Yum! Brands‚ Inc regrouping other leading brands like Pizza Hut‚ Taco Bell‚ A&W and Long John Silver. KFC is one of the largest chains of fast food restaurants which started since the early 1930s by Colonel Harland D Saunders in Louisville‚ Kentucky in the USA and comprises of 14‚000 restaurants (franchised and company owned restaurants) in more than 100 countries offering
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Diversification‚ 16th International System Dynamics Conference 1998 Quebec City Grant‚ R Irwin‚ R. D.‚ (1995) Diversification Strategy‚ Accessed 10 May 2010 via www.csuchico.edu/mgmt/strategy/module7 Johnson‚ G.‚ Scholes‚ K Johnson‚ G.‚ Scholes‚ K. and Whittington‚ R. (2009) Fundamentals of Strategy Financial Times Prentice Hall McGee‚ J.‚ Thomas‚ H Mintzberg‚ H.‚ Lampel‚ J.‚ Quinn‚ J. B.‚ & Ghoshal‚ S. (2003) The Strategy Process Concepts Contexts Cases Global 4th Ed. New Jersey: Pearson Education‚ Inc
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