Professor David J. Teece explains that ‘dynamic capability’ is “the firm’s ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments”. The basic assumption of this framework is that core competencies should be used to modify short-term competitive positions that can be used to build long-term competitive advantage (David J. Teece). Ambidextrous organisations, such as...
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Singapore is an island with a 5.6 million multicultural population and located at the southern tip of Malaysia. Singapore imports 90% on food consumption. This is because Singapore owns limited land available for agriculture and the people mostly depend on the external sources for agriculture products. Also, the export of agriculture products to Singapore helps for good opportunities for international...
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In this essay, I will review the main strengths and weaknesses of internal control. Internal Control Strengths There are five key strengths of internal control, which are described below. Only Accepting Orders Through Website Only accepting orders through a secure and trustworthy website, electronically, at the time of order placement addresses risks like details of customers getting hacked, sending items...
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Introduction to Crisis Management and Johnson & Johnson's Reputation Crisis is an event that might result in unexpected and unstable situation such as traffic mishaps and earthquake. It often occurs unpredictable even without wrongdoing, and leads to business failure. It reported that almost all crisis lead to a great reputation damage (Dilenschneider, 2000). However, crisis could also be the seed...
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The following report features an in depth analysis and comparison of two major automotive giants being Chevrolet and BMW. This report aims to explore in depth the history, practices, management between the two companies, so that we can better understand how two vastly different companies dominate their field. BMW BMW is a German motor vehicle manufacturer that was officially found...
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Pricing strategy decision plays one of the most crucial roles for media transmission. Before rolling out an improvement on valuing they need to consider how and where they are going to situating the business. They have to contemplate obvious objective clients. Pricing strategy decision is also affected by market segmentation. Demographic segmentation, geographic, psychographic and behavioural segmentation plays a vital...
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McDonaldization is a fast growing process being implemented in numerous businesses worldwide. With all business tactics there come pros and cons along with outcomes that were predicted or perhaps not foreseen. In this essay I plan to analyse the advantages and disadvantages to Ritzer's four dimensions of McDonaldization and respond to his ideas. To begin, I think we should discuss...
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Compensation covers everything an employer offers an employee in return for their work. Although the term is commonly associated with money, employee compensation also includes nonmonetary benefits, such as health insurance and a pension plan. Employee compensation often plays a significant role in different areas of the workplace and may affect everything from turnover rate to workers morale. Efficient compensation...
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Toys are a fun and necessary part of each child's development. Totally different materials like wood, clay, paper, and plastic are wont to create toys. Several things are designed to function toys, one amongst the foremost well-liked toys is Lego and additionally popular toys of all time and could be a house name everywhere the world. Around 300 million people...
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To be an effective manager means addressing the benefits and challenges of diversity in the workplace. In this essay, diversity is intergenerational and is, therefore, an important aspect of managing a workplace effectively, to boost overall productivity. This essay will aim to understand the differences in which the way several generations approach work as well as using key research to...
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There are various marketing strategies utilised by businesses working toward creating profit and customer satisfaction. Deciding how much to charge for each of your products or service requires evaluating how much customers value what they are buying. One of the most important aspects of any business marketing strategy is pricing a product successfully. A pricing tactic is a strategy implemented...
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This report gives a concise marketing and the management analysis of Honda Motors that internationally positions sixth in car industry. The essential of this task is to think about and basically investigate the distinctive key system identifying with Honda Motors. Through the various aspects of market division, we have made an endeavor to perceive the objective clients. Stakeholders comprehended as...
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In 1937, Toyota Motor Corporation was found internationally. The Japanese origin, global firm, is world’s major automobile maker in bulk. Toyota was originally known as ‘Toyoda’. This name came from the founder’ s name and he was an automatic loon manufacturer. They sell around 7.5 million models in a year, all over the world. Toyota’s values and principles have shaped...
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Introduction Honda Motor Co., Ltd., a global leader in the automotive and power equipment industries, is renowned for its unique approach to innovation. The company's commitment to technological advancement and its ability to adapt to changing market dynamics have set it apart from competitors. Honda's innovations are not merely incremental improvements but often represent leaps in technology, reflecting its philosophy...
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Primarily, Costco’s strategy is to create maximum market and sales volumes by selecting high quality, branded product with wide spreading merchandise in minimal revenue. As Costco is a wholesale store every items can only be purchased in bulk. For example, Advil comes only in 360-count bottle, which is very much larger than common sized found in supermarket or a drug...
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One of the moderators of diversity effects on performance is the organizational strategy. Research reveals that racial diversity is linked to higher productivity in firms focused on growth and to lower productivity in organizations that are focused on downsizing (Jackson & Joshi 2004). According to Gucci’s chief Marco Bizzarri, the organisation is pursuing a growth strategy through engaging in risk...
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In the early 1870s, three economists, William Stanley Jevons, Carl Meneger and Leon Walrus, made similar, though separate, observations in three different countries: England, Austria and Switzerland. They broke with classical economics in terms of the basic goods and services valuation principles. The classical economists based the value of a commodity on its cost of production, thus conferring on it...
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Dollar Shave Club is an American company based in Venice, California, which transports razors and additional personal grooming goods to consumers by mail. Dollar Shave Club was founded by Mark Levine and Michael Dubin. It offers three membership tactics, which can be upgraded or downgraded at any time.[It distributes razor blades on a regular basis and offers supplementary grooming goods...
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Gold’s Gym, originally started by Joe Gold, is an American chain of international co-ed fitness centers. He opened the first Gold's Gym, with homemade equipment, in August 1965, in Venice Beach, California, way before gyms existed. The gym got popular when it was in a documentary, ‘Pumping Iron’ (1977), and Arnold Schwarzenegger and Dave Draper used to train there. Each...
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Ethiopia is renowned as Africa’s earliest independent nation that being the case Ethiopia is still amongst the poorest nations in the continent. In history Emperor Tewodros was the forerunner in bringing modernization and politics by uniting the Ethiopian people under ordered governance. Soon after Emperor Menelik also continued in the path set out for him in consolidating the imperial rule,...
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Introduction Digital disruption has emerged as a transformative force in the global economy, reshaping industries by leveraging technology to create new value propositions. eBay, once a pioneer in online auctions, has been at the forefront of this digital revolution. However, the advent of new technologies and shifting consumer behaviors necessitated a strategic overhaul for eBay to maintain its competitive edge....
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Under huge tension from the U.S., Taiwan passed the hotly anticipated updated Trademark Law in November, 1993. Albeit compelling presently, its usage guidelines were not given until July 15, 1994. Since that time, the structures, manuals and strategies of Taiwan's trademark office, the National Bureau of Standards ('NBS'), have been reconsidered. The Law improves security for earlier clients of an...
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“No matter how brilliant your mind or strategy, if you’re playing a solo game, you’ll always lose out to a team”, - says Reid Hoffman. While teamwork is essential for an organization to achieve its goals, organizational culture plays a crucial role in a team and is the backbone of any successful companies. This is because there was an official...
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In the prosecution of cybercrime one of the most problematic issues is jurisdiction. Cybercrime presents difficulties in prosecution because it’s borderless. Cyberspace has made it possible for criminals to commit crimes anywhere in the world with ease of movement across geographic borders unmatched by law enforcement. Many of these criminals are not committing crimes in their country of origin which...
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Media is the way in which mass communication and information is spread to the public, and in today’s society, it is spread through broadcasting, journalism, the internet, and so much more. However, the ways of mass communication have changed over the past 150 years. Media is ever-changing and evolving to fit the status quo of society, and it has been...
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BMW is a huge manufacturing organization known for its automobiles, motorcycles and financial services. As the case study shows, BMW’s market is doing well with its market share all around the world. It has a percentage of its market in America, North America, Germany and in the rest of Europe. With the help of the advertising agencies, BMW became more...
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Leadership is the process whereby an individual influences a group of individuals to achieve a common goal (Northouse, 2007). Leaders’ persistent efforts aiming at improving the organization is called organizational change (Abbas & Asghar cited by Hirlak & Kara, 2018). Important element for a successful change in any organization is ‘leadership’. There are various leadership styles as put forward by...
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Management is primarily motivating employees at work to carry out their work effectively and efficiently through recognition. As salary is fixed, it culpably fails to motivate employees at work. Hence providing compensation based on their performance and productivity will encourage them to perform better. Compensation and reward system are meant to encourage and boost the employees’ performance in the organization....
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Different investment avenues are to be had to buyers. Mutual budget also offers correct investment opportunities to the investors.Like all investments, they also bring positive dangers. The traders must compare the dangers and predicted yields after adjustment of tax on numerous units at the same time as taking investment choices. The investors might also are seeking for advice from professionals...
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Introduction to Franklin D. Roosevelt's Leadership “A Leader is summoned to the fore by the needs of the time” - Doris Jean Kearns, FDR. We stand today at a time of change and challenge, in an age of technological advancement and destructive ignorance. At a time when humanity faces its greatest and most complex challenges, we are unfortunate to have...
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