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  • Case Study Disney - 2,278 words
    ... for USD 1,446 million of operating income in the year 1999. This is about 45% of the total operating income of the company and therefore one of the company's most important sources of income. One reason for the company to be able to keep costs relatively low is the fact that the company has strict salary regulations. In the park in Florida, for instance, a low-educated full-time worker generally earns USD 6.25 per hour, which is the minimum wage required by the government. (The fact that the company offers a high number of jobs that require no or hardly any education (such as maintenance or attraction host) also has the advantage that there is a low unemployment rate in the area around t ...
    Related: case study, disney, disney company, european countries, swot analysis
  • International Trade Theories - 1,182 words
    ... ods produced by the same industry. Intra industry trade accounts for approximately 40 per cent of world trade(Mahoney, Trig, Griffin, Pustay, 1998). Linder believed that international trade of manufactured goods occurred between countries at the same stage of economic development that shared the same consumer preferences. Therefore the country similarity theory consists of the value that most trade in manufactured goods should be between nations with similar per capita income, and that intra industry trade in manufactured goods should be common (Mahoney, Trig, Griffin, Pustay, 1998). International Product Life Cycle Theory (IPLC) The International product life cycle theory is a valuable ...
    Related: international competitiveness, international trade, trade flows, world trade, market share
  • Mike Porter Researches - 4,691 words
    Mike Porter Researches Michael Porter On How To Marry Strategy & Operational Effectiveness The Harvard management guru argues that operations & strategy must fit to create a sustainable competitive advantage. For almost two decades, managers have been learning to play by a new set of rules. Companies must be flexible to respond rapidly to competitive and market changes. They must benchmark continuously to achieve best practice. They must outsource aggressively to gain efficiencies. . . Positioning -- once the heart of strategy -- is rejected as too static for today's dynamic markets and changing technologies. According to the new dogma, rivals can quickly copy any market position, and compet ...
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  • Mike Porter Researches - 4,589 words
    ... easurement problems be addressed. Second, I claim that two of the most consistent (and increasingly explicit) policy agendas of our times, the competitiveness and sustainability agendas, are committed to stimulating, guiding, or directing science and technology to achieve their ends. Each agenda attempts to influence technological and industrial innovation in the narrow sense and each ponders the broader issues of institutional and social innovation, raising a host of questions about ends and means. Third, innovation takes place in systems of public and private institutions and the rules and routines of their behavior. Innovation research uses notions such as system of innovation (Niosi ...
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  • Strategic Challenges Of The 21st Century - 3,146 words
    ... tury, every company has to face the global competition. Therefore the knowledge of competition will be biggest challenge for the next century. Now every company has to make global strategy. According to the arguments of Michael Porter about the competitive strategy, he argues, is achieved in one of three ways; through cost leadership, through differentiation or through focus based strategies. He argues that it is important that the organisation is not 'stuck in middle' -that it is following the one of the strategies. Mcnamee and Mchugh's attempt to test out porter's concepts in the clothing industry refers to 'low price' strategies rather than cost leadership. Karnani infers that, for co ...
    Related: biggest challenge, strategic, strategic alliance, strategic management, strategic planning
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