...Corporate Entrepreneurship Assignment Name of Student: Hazeem Azam Naz Dar Company: Nokia (a) Discuss ways in which Nokia could achieve sustainable competitive advantage There are four ways Nokia gain competitive advantage: 1) Cost Leadership 2) Differentiation 3) Cost Focus 4) Differentiation Focus Cost leadership: With this strategy, the objective is to become the lowest-cost producer in the industry. Simply being amongst the lowest-cost producers is not good enough, as you leave yourself wide open to attack by other low-cost producers who may undercut your prices and therefore block your attempts to increase market share. The traditional method to achieve this objective is to produce on a large scale which enables the business to exploit economies of scale. There are two main ways for achieving this: a) Increasing profits by reducing costs, while charging industry-average prices. b) Increasing market share through charging lower prices, while still making a reasonable profit on each sale because you've reduced costs. A strategy of cost leadership requires close cooperation between all the functional areas of a business. To be the lowest-cost producer, a firm is likely to achieve or use several of the following: * High levels of productivity * High capacity utilisation * Use of bargaining power to negotiate the lowest prices for production inputs * Lean production methods (e.g. JIT) * Effective use of technology in...
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...Discuss the relationship between entrepreneurship, innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theories and examples from the business world to support your discussion. Since last century, entrepreneurship and innovation have been heavily discussed. Entrepreneurs create new business and provide the job opportunities to society as well as promote the economic development. However, with the increasing global economic competition, normal entrepreneurship becomes less competitiveness, government committed to develop innovative entrepreneurship in recent years (Cukier, 2006). Therefore, the relationship between innovation and entrepreneurship becomes one of the most significant topics in the business field. Economists do a large number of researches to explore the connection between entrepreneurship and innovation as well as the position they related in economic development. During the process of exploring, a considerable amount of definitions are put forward by experts based on their research knowledge and the analysis of entrepreneurs developed in recent decades. This essay will list the definitions put forward by different economists, then support the ideas that innovation, entrepreneurship and economic development are deeply connected and interacted. Finally, combine with the experience of university group entrepreneurship project, attempt to explain importance role that the creativity and problem...
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...The lecturer will use this book as supplementary reading. Unless you have an HR background, it is advisable to buy the book to ensure you have the fundamentals of HR: Catherine Truss, David Mankin and Clare Kelliher (2012) “Strategic Human Resource Management”, Oxford University Press. ISBN number 9780199583065 Management Accounting Cost Management: Strategies for Business Decisions Marc Wouters, Karlsruhe Institute of Technology, Germany Frank H. Selto, University of Colorado at Boulder, USA Ronald W. Hilton, Cornell University, USA Michael W. Maher, University of California–Davis, USA ISBN: 0077132394 Copyright year: 2012 Entreprenurial Mindset Kurato, D.F., Morris, M.H., and Covin, J.G. (2011): “Corporate Innovation and Entrepreneruship”, 3rd Ed. South-Western Cencage Learning (international edition) ISBN: 978-1-111-52691-7 Economics Baye: Managerial Economics and Business Strategy, 8th edition, McGraw Hill. Blanchard: Macroeconomics, latest edition (Global). Pearson ISBN-13: 978-0-273-76633-9 Updated 12 Augst Marketing Management Kotler, Keller, Brady, Goodman, Hansen (2012): Marketing Management: 2nd European edition. Pearson. ISBN-10: 0273743619 | ISBN-13: 9780273743613 Financial Accounting Christian Petersen and Thomas Plenborg (PP), Financial Statement Analysis Valuation • Credit analysis • Executive compensation, FT Prentice Hall 2011, 1st edition ISBN: 978-0-273-75235-6 Change Management John Hayes: The Theory and Practice of Change...
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...Helsinki University of Technology Department of Industrial Engineering and Management Doctoral Dissertation Series 2010/8 Espoo 2010 LEADERSHIP IN A SMALL ENTERPRISE Helena Palmgren Dissertation for the degree of Doctor of Science in Technology to be presented with due permission of the Faculty of Information and Natural Sciences, Helsinki University of Technology, for public examination and debate on May 7, 2010 at 12 o'clock in Auditorium AS1 at the Aalto University School of Science and Technology, Espoo, Finland Aalto University School of Science and Technology Department of Industrial Engineering and Management P.O. Box 15500 FIN-00076 AALTO FINLAND Tel. + 358-9-4702 2846 Fax + 358-9-4702 3665 Internet http://tuta.tkk.fi Copyright © Helena Palmgren helena.palmgren@ttl.fi ISBN 978-952-60-3100-2 (print) ISBN 978-952-60-3101-9 (electronic) ISSN 1797-2507 (print) ISSN 1797-2515 (electronic) URL:http://lib.tkk.fi/Diss/2010/isbn9789526031019/ The cover artwork © Eila Haydn, 2010 All rights reserved. No part of this publication may be reproduced, stored in retrieval systems, or transmitted, in any form or by any means, electronic, mechanical, photocopying, microfilming, recording, or otherwise, without permission in writing from the publisher. Edita Espoo 2010 ii ABSTRACT OF DOCTORAL DISSERTATION AALTO UNIVERSITY SCHOOL OF SCIENCE AND TECHNOLOGY P.O. BOX 11000, FI-00076 AALTO http://www.aalto.fi Author Helena Palmgren ...
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