...The new book from Gary Hamel shows you how to win in a world of relentless change, ferocious competition, and unstoppable innovation. Learn more and read an exclusive excerpt at the MIX The Wall Street Journal recently ranked Gary Hamel as the world’s most influential business thinker, and Fortune magazine has called him “the world’s leading expert on business strategy.” Hamel’s landmark books, which have been translated into more than 20 languages, include Competing for the Future, Leading the Revolution and The Future of Management (selected by Amazon.com as the best business book of the year). His latest book, What Matters Now, was published in 2012. Over the past twenty years, Hamel has authored 17 articles for the Harvard Business Review and is the most reprinted author in the Review’s history. He has also written for the Wall Street Journal, Fortune, The Financial Times and many other leading publications around the world. He writes an occasional blog for the Wall Street Journal. Since 1983, Hamel has been on the faculty of the London Business School, where he is currently Visiting Professor of Strategic and International Management. As a consultant and management educator, Hamel has worked for companies as diverse as General Electric, Time Warner, Nestle, Shell, Best Buy, Procter & Gamble, 3M, IBM, and Microsoft. His pioneering concepts such as “strategic intent,” “core competence,” “industry revolution,” and “management innovation” have changed the practice of management...
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...Amazon’s Business Strategy Amazon's Business Strategy The purpose of this essay is to review Amazon’s business strategy. The authors will address if the company is moving away from its core competency of being a leading online retailer. Next is reviewing where Amazon competes with Google and Microsoft and if this strategy is wise. We will address the uses of the Amazon.com database, possible data management issues and the relationship of Amazon’s data, information, and knowledge. We will conclude by describing how Amazon.com uses e-business and e-commerce for B2B and B2C, more commonly known as Business-to-Business and Business-to-Customer. Amazon.com is continuing on with its core competency of being a leading online retailer. The firm prides itself on offing multiple products and rapid delivery. The departments include unlimited instant videos, MP3 and Cloud Players, the Kindle, books, movies, music, games, electronics and computers, home, garden and tools, grocery, health and beauty, toys, children and babies, clothing, shoes and jewelry, sports, outdoors, automotive, and industrial. For each department listed, there are subdivisions within each. Amazon is an online shopping mall offering products of varying types to consumers in a safe retail environment. Amazon continues to expand its merchandise offered to the public and business consumers. Amazon is competing with Google in search engine technologies with its website www.A9.com. This site offers customers...
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...136 Positive Accounting Theory and Science JCC Journal of CENTRUM Cathedra ™ Positive Accounting Theory and Science by M. Humayun Kabir Senior Lecturer, Faculty of Business Auckland University of Technology, Auckland, New Zealand Abstract This paper examines the development of positive accounting theory (PAT) and compares it with three standard accounts of science: Popper (1959), Kuhn (1996), and Lakatos (1970). PAT has been one of the most influential accounting research programs during the last four decades. One important reason which Watts & Zimmerman (1986) have used to popularize and legitimize their approach is that their view of accounting theory is the same as that used in science. Thus, it is important to examine how far accounting has been successful in imitating natural science and how the development of PAT compares with the three standard accounts of science. This paper shows that accounting could not emulate the success of natural science. Further, the methodological positions of PAT conform to none of the standard accounts of science. Rather, PAT contains elements of all three. Finally, this paper identifies some methodological gaps in PAT. Keywords: Positive Accounting Theory, Philosophy of Science, Methodological Controversies Acknowledgements I would like to thank two anonymous reviewers of the journal for their helpful comments. Earlier versions of this paper benefited from comments from Lee Parker of the University of South Australia, Keith...
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...1995 by employing retail sales over the Internet. Jeff Bezos started the company, offering books for sale based from an Internet website. Now Amazon offers a vast selection, low prices, easy product search and ordering, detailed product information, and secure payment transactions while providing optimal efficiency in order product delivery (Turban, 2006). The business of Amazon has changed dramatically after the cyber store launched. Amazon is looking to become a platform for other cyber-stores, and the world’s store on the Internet. Amazon rates the best cyber-store on the content on the site and service. Other web merchants want to become a partner with Amazon for site development and back-end logistics help. According to Friedman (2004), “Amazon.com has limitless shelf space. Because they are more on an online catalog than a retail store, Amazon does not have to stock the entire inventory they offer. The downside to this is that you do not get to leave the store with your purchase in hand. In fact, depending on the availability of the item you order you may have to wait a few weeks! The upshot is that they can offer anything and everything – so you get an infinitely larger selection of goods. Customers are an integral part of Amazon’s sales force. Because Amazon is web based, they automatically have a place to post extensive product information, including customer reviews. When you are looking to buy, you get the benefit of reading the unbiased opinions of other...
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...strategies in the book have a few similarities to that of the 3 value disciplines from the paper “Customer Intimacy and Other Value Disciplines”. The generic strategies are overall cost leadership, differentiation, and focus. The value disciplines include operational excellence, customer intimacy, and product leadership. To begin with, I am going to look at overall cost leadership from the 3 generic strategies. This strategy is for a firm who wants to achieve the lowest production and distribution cost so they can undercut the competition. This is actually very similar to the operational excellence of the value disciplines. The value discipline says a firm would want the leanest production level and the highest efficiency to win their customer loyalty and become a leader in their market. These are similar in the effect that they want a low production cost in each strategy and low overhead costs. However, the Harvard Business Review article takes it a step farther to include convenience for their customer. And despite that they both talk about lean production costs, the article does not solely say lowest, the article puts more emphasis on delivering the products the customers want at competitive prices. If a company solely goes for lowest cost like the book’s generic strategy, they could be undercut by a competing firm and could hurt their business farther than if they focused on a superior product with a competitive price. The next generic strategy from the book we will evaluate...
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...Griffiths |Internal Verifier: |Caroline Jawad | |Assignment Title: |Learning Logs |Assignment No (x of x): |1 of 1 | |Hand Out Date: | Sept 2012 |Submission deadline: |16 November 2012 | |Referencing: |In the main body of your submission you must give credit to authors on whose research your work is based. Append to your | | |submission a reference list that indicates the books, articles, etc. that you have read or quoted in order to complete this | | |assignment (e.g. for books: surname of author and initials, year of publication, title of...
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...The Internet Business Review Issue 1 – October 2004 THE IMPACT OF E-COMMERCE INDUSTRY TURMOIL ON AMAZON.COM: A STRATEGIC PERSPECTIVE Russell Casey - Clayton State University, USA William Carroll - University of Phoenix, USA Edited by Faith W. Smalls Abstract Internet retailers face intense competition in their quest to gain market share due to the large number of competitors, ease of entry, low switching costs and the strength of existing multi-channel retailers. To survive, it is critical that online retailers create a sustainable competitive advantage in their e-commerce strategy and plan for long-term strategic positioning. The article uses a case study analysis of Amazon.com's strategy to develop an understanding of the e-commerce competitive environment and the importance of building a sustainable competitive environment to create value for the firm, its customers, and its shareholders. © 2004 The Internet Business Review The Internet Business Review Issue 1 – October 2004 Introduction Is the Internet a leech that sucks a company’s assets dry? Many investors, entrepreneurs, and managers pondered this billion-dollar question as hundreds of dotcoms collapsed over the last two years. Companies, such as Boo.com, Etoys, Onsale, @home, and Webvan, are extinct and many more cling to existence. The dreams of consumers, shareholders and other stakeholders have been shattered. From their inception, these dotcoms were going to revolutionize the world and...
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...Capstone BUS 499 Prof. David Repp March 11, 2014 Lockheed Martin is an American global security defense, aerospace and advance information Technology Company that was establish in 1912 by Glenn Luther Martin. Martin believed that the future would be in technology and the harvesting of that technology. Lockheed approximately operates 572 facilities nationally and 75 facilities internationally employing about 115,000 people worldwide. Lockheed employees are constantly engaging in research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. It is apparent that their employees all share the same enthusiasm about the company and the impact that the company has on mankind’s need to explore the technological possibilities in a whole. It’s abundantly clear that Lockheed is focused on the betterment of mankind and securing the information gained from those who which to use it offensively. It almost sounds as if Lockheed could be a character in a superhero comic book. Conversely, they are much more than a character in a superhero comic book and they are much more than just a global security or aerospace company. Lockheed has dedicated their company to helping design the future through technology. They have crossed over from the science fictional realm otherwise known as the realm of impossibilities into the virtual world with their technological advances. Lockheed is the epitome of technological innovation on a...
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...Programs in the Banking Sector in Bangladesh – A Study of Cases Submitted to: Dr. Faruq Ahmed Department of Management Studies University of Dhaka Submitted by: Hazera Khatun February 12, 2013 Dhaka, Bangladesh Introduction: Employees are the most important asset of any organization. Now-a-days, the main focus of all companies is to attract, develop and maintain an efficient and skilled workforce. Executive development plays a concrete role in any organization. The banks in Bangladesh are putting their high concentration to train, develop and maintain an efficient work force. In this time of free market economy, all firms are competing with each other to minimize the cost of production and to create more values with the product and service they dealt with. A successful competing firm can do this job efficiently and can maximize its profit through skilled workforce. That’s why, all organizations give prime focus on executive development practices to cope with the standard of the rest of the world. A substantial number of training and development methods are used in different institutes in Bangladesh. But all methods are not used in all organizations in totally. The development methods vary from organization to organization. It depends on the organization’s culture, behavior and philosophy. The methods have similar types of functions all over the world. More or less, each and every organization uses these functions in the same way but in...
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...Name Course Tutor Date How has the music industry been affected by the internet and digital downloading? As the world progresses, internet power is handed over to people and the digital music downloads and sharing of files has become so common that the business in the music industry has started deteriorating and they are losing money really fast. This project came into my concern since the available number of musicians and their music genres on the internet is very high. A few megabytes and the song is already on your digital device and all qualities are available without using a lot of money to access the music. The expense an artist uses is so much and there is no profit to gain after the music is produced and probably it might not hit. I anticipate joining the music industry that is why this topic is of my major concern. The main issue in question is how has the music industry been affected by the internet and digital downloading? Annotations BBC News. US Court Re-imposes $220,000 Music Piracy Fine. BBC News. 2012. Web. Retrieved from http://www.bbc.co.uk/news/technology-19572817 In this article, a lady, Jamie Thomas-Rasset was accused by the Recording Industry Association of America, a trade organization that supports major music industries, that he had been pirating music and uploading them on the internet. She was fined a large amount of money per song and this shows how serious the digital downloading of music has affected the music industry and has become an offense to...
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...Susan Walsh Sanderson Lally School of Management Rensselaer Polytechnic Institute Troy, New York 12180 Phone: 518-276-2933 Fax: 518-276-8661 Email:sandes@rpi.edu May, 2008 CURRENT POSITION ASSOCIATE PROFESSOR (with tenure). School of Management Rensselaer Polytechnic Institute, Affiliate of Sloan Foundation Industry Studies Centers Major Interests: • Innovation Management • Product Design, Marketing and Brand Management • Innovative Teaching Approaches (Multimedia Enhanced on campus and Distance Learning) AWARDS 1995 Boeing Outstanding Educator Award Hesburg Award Team (for Educational Innovation) In 1995, I was a co-recipient of the Boeing Outstanding Educator Award and a member of the team receiving the Hesburg Award for Educational Innovation TEACHING Teaching Role. My recent teaching has been in Rensselaer’s resident MBA program (both full and parttime), Professional and Distance Education Program and undergraduate programs. My research and teaching have made important contributions to efforts to build the marketing and management and technology curricula in the School of Management at Rensselaer and at other universities who have adopted our teaching materials. As a pioneer in interactive leaning material on product development and manufacturing, I have developed several interactive multimedia cases and collaborated on the development of simulations designed to teach marketing principles and bridge management and engineering disciplines. The simulations teach marketing...
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...Cellular Warfare: Competing for the Highest Bid & Technology (Investigating Stock Quotes & Financial Positing) By: Odettia A. Newsome FIN 534 Financial Management Quarter: Summer 2007 Instructor: Dr. Brian Cornforth Cellular Warfare: Competing for the Highest Bid and Technology Cellular companies are constantly competing for the high number in sales and the latest advances in technology. In order to do this they must find their target market and offer them new and inventive ways to accommodate their lives in order to make it easier for the average consumer. Once this is defined, they must then again fine inventive ways to persuade their audience that what they have to offer is better then their competitors. How this is accomplished is by offering features such as text message and rate plans, data plans and equipment insurance for their devices or phones. Upon mastering this marketing advertisement, the sales for these companies reflect how well they are doing with in that particular market. Thus giving the investor an over all view of how their company is performing on a finical standpoint nationwide for companies such as AT&T, Verizon, Sprint, & SunCom. In order to have a clear understanding, we will look at four companies and where they stand on the finical standpoint. AT&T is one of the largest cellular companies advertising the “The Largest digital and data network” reassuring their market that they are getting the...
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...Kindle Fire: A little over 3 months: * Amazon has sold nearly 5M Kindle Fires and had capture ½ of the non-Apple tablet market share. * Worldwide sales of e-book since the introduction of the Kindle product line had grown from less than 1% of all books sold to 15% in 2012 * Amazon has to refine its strategy fir Kindle Fire because of IPad 3 * New entrants such as Samsung, Motorola, and Google were beginning to wnter the tablet market * Amazon’s long-time competitor in the E Ink-based readers, Barnes& Noble, was now selling a device nearly identical to the Kindle Fire called Nook * Bezos had told investors that the Kindle Fire was the key to Amazon’s future in the hardware space. Market seems agree * Analysts were concerned about the Kindle product line’s economics because Amazon was selling the hardware at cost, betting that content and commerce revenue would make up for the hardware price subsidy. Benzo’s questions with Kindle Fire strategy: * How should Amazon modify the positioning of the device in response to the newe entrants in the tablet market since its launch? * What was the most promising target market for the Kindle Fire * How should it be positioned against competing products? * How could Amazon turn the sales success of the Kindle Fire into business success * Would revenues and profits from commerce and content justify selling the hardware at cost * What were the likely responses of the competition? History...
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...Strategic Intent G. Hamel and C.K. Prahalad (1989) A Critical Analysis Word count: 1098 Introduction "Give yourself an even greater challenge than the one you are trying to master and you will develop the powers necessary to overcome the original difficulty." William J. Bennett says it in one of his best-selling books. This is proven to be true by a significant number of successful individuals all over the world, but what about an organization or an entity? IPO model reveals that organisation characteristics which make enormous impacts on organisation results are the combination of individual employee’s characteristics. Eventually, the implications of the quote should be true for an organisation. Related to the implications, Hamel and Prahalad (1989) had written an article about their unprecedented concept “Strategic Intent”. Placing the article in a wider debate “Strategic intent” is an ambitious and compelling dream that energises, which provides the emotional and intellectual energy for the journey to the future (Hamel and Prahalad, 1994). The article discusses the term “strategic intent” in a broad range of aspects; however, the main arguments of this article can be transfer into the debate of Resource-based view vs. Positioning. Apparently, the authors in this article incline to the idea of resource-based view. The resource-based view deals with the organisation internal resources and takes advantages of those to construct firm’s strategies (Wernerfelt, 1984)...
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...Competing on Analytics By Thomas H. Davenport This article originally appeared in Harvard Business Review Article Reprint No. R0601H brought to you by Harvard Business Review articles are brought to you by Zurich HelpPoint as part of the Managing Risk Series. Zurich neither endorses nor rejects the information presented in the article. We do not guarantee the accuracy of this information or any results and further assume no liability in connection with this publication including any information or methods contained herein. Competing on Analytics The Idea in Brief It’s virtually impossible to differentiate yourself from competitors based on products alone. Your rivals sell offerings similar to yours. And thanks to cheap offshore labor, you’re hard-pressed to beat overseas competitors on product cost. How to pull ahead of the pack? Become an analytics competitor: Use sophisticated data-collection technology and analysis to wring every last drop of value from all your business processes. With analytics, you discern not only what your customers want but also how much they’re willing to pay and what keeps them loyal. You look beyond compensation costs to calculate your workforce’s exact contribution to your bottom line. And you don’t just track existing inventories; you also predict and prevent future inventory problems. Analytics competitors seize the lead in their fields. Capital One’s analytics initiative, for example, has spurred at least 20% growth in earnings...
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