...Rothaermel Exercise Assignment 2 Shane Taylor BUSI 690 Liberty University Rothaermel Exercise 2 Assignment 6.1: There are drawbacks and risks of both broad generic business strategy and focused strategy. Focused strategy’s lowcost could be a potential drawback and risk. Especially if the competition is able to lower their cost offering there product and service at a comparable price. Acording to the text, the product/service cost can be difficult in industries where economies of scale play a significant role. And as technology increases and companies become more innovative competition is likely to increase and close in. Another drawback addressing the focus strategy low prices may also result in a negative potential customer mind-set towards the quality of the product. “Low cost leadership when combined with low prices can bring about to a disadvantage which is less customer loyalty” (Vokurka & Davis, 2004). Other risks of focus strategies include the ease of imitation. The potential drawback is the niche may no longer be a niche. On the contrarary, the broad market strategyfirm will adapt its product and services for competing directly. 6.4: Value Chain Components consist of five key firm activities. The first activity of the internal value chain is the supply chain management. This consist of the receiving of merchandise and products, warehousing, and the firms inventory control system. Operations which are the value creating activities that transform...
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...Rothaermel Exercise 1 BUSI 690 29 June 2014 Discussion Question 1.1 (2 parts to this question): 1.1. A strategy is a term used to describe the firm’s “overall efforts to gain and sustain competitive advantage” (Rothaermel, 2013, p. 9). The “translation of the strategy into action takes place in the firm’s business model, which details the firm’s competitive tactics and initiatives” (Rothaermel, p. 11). Basically, a strategy will explain how a firm will make money but the difference between a strategy and the business model is the business model explains how the firm intends to make the money AND puts it into action; the strategy just gives the theory. Business models put strategy into action. A strategy focuses on the company in relation to its competition and the business model focuses on the company in isolation. 1.1a. How they are similar is both business strategies and business models look toward a firm’s future and are both essential in decision-making within a company. A firm’s strategy and business model working hand in hand becomes the nuts and bolts behind how a firm intends to achieve its overall goal, which is to make and increase profit. Discussion Question 1.2 (3 part to this question): 1.2a. Crowdsourcing is defined as “the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people and especially from the online community rather than from traditional employees or suppliers” (Merriam-Webster...
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...Rothaermel Exercise 1 BUSI 690 29 June 2014 Discussion Question 1.1 (2 parts to this question): 1.1. A strategy is a term used to describe the firm’s “overall efforts to gain and sustain competitive advantage” (Rothaermel, 2013, p. 9). The “translation of the strategy into action takes place in the firm’s business model, which details the firm’s competitive tactics and initiatives” (Rothaermel, p. 11). Basically, a strategy will explain how a firm will make money but the difference between a strategy and the business model is the business model explains how the firm intends to make the money AND puts it into action; the strategy just gives the theory. Business models put strategy into action. A strategy focuses on the company in relation to its competition and the business model focuses on the company in isolation. 1.1a. How they are similar is both business strategies and business models look toward a firm’s future and are both essential in decision-making within a company. A firm’s strategy and business model working hand in hand becomes the nuts and bolts behind how a firm intends to achieve its overall goal, which is to make and increase profit. Discussion Question 1.2 (3 part to this question): 1.2a. Crowdsourcing is defined as “the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people and especially from the online community rather than from traditional employees or suppliers” (Merriam-Webster...
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...Rothaermel Exercise 1 Perry Blankenship Liberty University Chapter 1 1. How is strategy different from a business model? A) Rothaermel (2013) defines a strategy as: “The goal-directed actions a firm intends to take in its quest to gain and sustain a competitive advantage,” (p.6). Rothaermel also defined a business model as: “An organizational plan that details the firm’s competitive tactics and initiatives, or how the firm intends to make money,” (p.11). The strategy is the theory the organization plans to utilize in achieving their goals while the model is their actions of implementing their strategy. Casadesus-Masanell and Ricart (2010) explained in their research that the strategy of a business is implemented by the leaders in choosing the business model they will follow. When organizations are looking for what customers they will reach and what the customer values, they are utilizing a business model. When they want to achieve the goal of reaching these customers they must develop a strategy for achieving that goal. B) How is it similar? Both the strategy and the business model strive to achieve the organizational goals and give the organization a competitive advantage. “The business model is the reflections of the realized strategy,” (Casadesus-Masanell and Ricart, 2010, p.204). 2. Why do you think Dell is keen on offering this service? A) The new crowdsourcing allows the consumer to have more control of the design and development of their product...
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...Rothaermel Exercise 3 Policy and Strategy in Global Competition BUSI 690 Chapter 11 Discussion Question 11.1 - Why is it important for an organization to have alignment between its strategy and organizational structure? Strategy implementation is the part of the strategic management process that concerns organization, coordination, and integration of how work gets done. It is key to gaining and sustaining competitive advantage” (Rothaermel, 2013, p. 302). “Organizational structure is a key building block of organizational design that determines how the work efforts of individuals and teams are orchestrated and how resources are distributed” (Rothaermel, 2013, p. 305). It is important for an organization to have alignment between its strategy and organization structure because they have an interdependent relationship that has a direct impact on a firm’s performance. Moreover, the relationship is dynamic – changing over time in a predictable pattern as firms grow in size and complexity” (Rothaermel, 2013, p. 309). Discussion Question 11.3(a) - What commonalities across the products would likely be enhanced by flexible cross-functional teams? Functional structure is a form of organizational structure that groups employees into distinct functional areas based on domain expertise (Rothaermel, 2013, p. 309). One of the main drawbacks to functional strategy is that it frequently lacks effective communication channels between different departments...
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...Running head: RESEARCH CRITIQUE Research Critique of “Physical Education Teaching Methods” Jerome T. Gardner Columbia Southern University March 2011 Research Critique of “Physical Education Teaching Methods” Introduction The introduction of this article does give you a sense of importance of the problem in physical education. The area being talked about in this article is An instructional model is a "plan or pattern that can be used to shape curriculums (long-term courses of studies), to design instructional materials, and to guide instruction in the classroom or other settings" (Joyce & Weil, 1980, p. 1). The authors then go on about to say improvement in physical education to be an educational outcome and do not see the need to include additional outcomes. The absolute priority clearly requires applicants to propose projects that address physical education. More specifically, the absolute priority requires every applicant to develop, expand, or improve its physical education program and address its State's physical education standards. Statement of the problem The purpose of this study “is to analyze and evaluate and give insightful, critical, and logical to the points the authors made”. While the authors do list a purpose for the study they do not have a well-defined problem statement. They do say that a message from the school district, but they do not say how it would be beneficial. Review of Literature The literature review that was done by the authors...
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...Almost every field today has been affected by technology. Many innovations in the fields of sports have happened because technology has made them possible. In the house or at work we are constantly bombarded with technology to the extent that today we don’t give it a second thought, it is part and parcel of life. Sports equipment – a relatively young offshoot of technology seems to be growing leaps and bounds. Sports technology has changed the face of sports as we knew it. The application of technology in sport facility design has yielded real changes in terms of athlete use, spectator comfort and usable life span. Technology has meant that we can now calculate the speed of an athlete to fractions of a second. It has meant that an athlete can now win or lose despite a photo finish. Cameras capturing images to the second have made it possible to replay every action on the field to enable correct decisions. It has meant that games are now fairer. The element of chance and luck has been almost removed. Sports equipment refers to a large amount of equipment which is used in sports. Starting with the bats, and balls, and rackets to the shoes and socks and glasses there are a lot of things that come under the umbrella of Sports equipments. About 25 years ago tennis rackets were made from wood, with ash, maple etc. leading the way. Later in the sixties metal frames were introduced. Today composite rackets are the rage because of the efficiency they offer in...
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...Physical education is very important to me because. Physical education can give students an opportunity to take a break from academic study, get some fresh air and clear their head. If they've been listening to teachers, and reading and writing for hours at a time exercise can help wake them up a bit and make them feel more alert so that when they go back to class they are able to concentrate better and take more information in. It is all well and good for teachers to concentrate on cramming as many 'important' lessons into the timetable as possible, but doing so won't necessarily mean students learn more, particularly if they end up getting distracted due to a short attention span. Even if children do not want to do the exercise just walking around talking to friends helps them relax and makes them better students for the rest of classes. 2. You have been invited to speak to the PTO in your community on the topic”The role of physical education in the community”prepared a speech that described the role of physical education and present it to your class. With obesity at an all time high, schools and communities are encouraging students to take part in activities that require physical involvement, be it in the form of exercise or sports. Some rec centers and schools even have their own fitness centers to give students and member of the community a chance to enroll in their active programs. Schools and community today are conscious about such issues, they stress on the importance...
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...Introduction Human resource management, with accord to Mondy (2005:5) defines that "staffing, human resource development, compensation and benefits, safety and health, and employee and labor relations" are five functional areas to determine the effectiveness and performance of an institution. With regard to the writer's approach, this paper is going to merely focus on two perspectives: staffing and human resource development in order to examine the data collected from the government, for instance, Hong Kong Police Force. The paper will, then, discuss and criticize the findings by means of job analysis, job description/specification, recruitment, selection, interviewing and performance appraisal. Data analysis and Discussion Hong Kong Police Force is one of the public organizations, which is to maintain law and order to reduce the incidence of crime in Hong Kong. There are several departments in Hong Kong Police Force, which work as a whole with the same above-mentioned mission. The data will be discussed in the following sections: -Job analysis methods and Job description/specification - Regarding Mondy's job analysis methods, Hong Kong Police Force makes use of a combination of methods (see appendix 1-3) to carry out questionnaires, observation and interviews. Questionnaires are structured as written examination (see appendix 1-3) so as to test the language competence of the candidates. In order to observe physical and mental performance, observation...
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...Case Studies #1: Mr. MacPherson Mr. MacPherson came into the ER with burns on both of his arms and hands and on his face as the result of a grease fire in his kitchen. He complained of severe pain. His burns showed signs of blistering, swelling and fluid loss. According to the “rule of nines” (Thibodeau & Patton, 2010), it appears this patient has suffered burns over approximately 14% of his body surface (4.5% for each arm and 4.5% face for a total of 13.5%). These would be classified as second-degree burns (“Types of burns”, 2012) which involve the first two layers of skin and show signs of pain and blistering of which Mr. MacPherson complained. As a note of comparison, first-degree burns involve the top layer of skin, such as in sun-burn, and show signs of reddening, painful to touch, and mild swelling. Third-degree burns penetrate the entire thickness of skin and permanently destroy tissue layers, resulting in skin that is dry and leathery, appearing charred or having patches which appear white, brown, or black. Remarkably third-degree burns are often painless, although pain may be caused by patches of first- and second-degree burns which often surround third-degree burns (“Types of burns”, 2012). Case Studies #2: Margie Margie, who plays center on the women’s varsity basketball tem, complains that her knee is very sore and she felt a “pop” during a scrimmage tumble. Her knee, the largest and most vul-nerable joint in her body, buckles under her weight. ...
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...PULMONARY REHABILITATION HOME RECOMMENDATIONS CREATED FOR: Medications: It is important to take your medications as directed for maximum benefit. Your prescriptions should provide you with an adequate supply for a month, with one refill. It is important for you to see your primary physician for further follow-up and prescription refills. Two vaccines are very important for people with chronic lung disease: 1. Pneumococcal Vaccine You should have this vaccine as recommended by your physician. 2. Influenza Vaccine You should plan to have this vaccine every year in the fall. Oxygen Therapy: Your oximetry level at rest was _ % without supplemental oxygen. While walking at a comfortable pace using pursed-lip breathing your oximetry was _ %. These values indicate that supplemental oxygen is not needed at this time. Keeping Your Airways Clear: Prevention of lung infections will be very important for you because it may cause further damage to your lungs. It is unlikely that you will be able to avoid infection entirely, but you can have less frequent infections and minimize their negative effects by taking the following precautions: • Avoid smoke and breathing other inhaled irritants into your lungs. • Avoid people who have respiratory infections, and stay away from large crowds in the fall and winter (flu season). • Get your flu shot each fall. • Build up your immune system and resistance by getting enough rest and sleep;...
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...This is an eight week program that is designed for beginning runners. The design of this program assumes that you are a healthy individual with no medical or physical conditions that would limit your participation in an exercise program. You should consult with your doctor before beginning any exercise program. 8 Week training schedule This 8-week beginners program is designed for individuals with little or no background in running. The workout starts out with only walking and gradually advances to walk/run workouts and finally to all running. If you feel you are a bit more advanced and would like to start with some running right away, choose your appropriate point in the program to start. Just remember not to start out too quickly. If you have not exercised before, are over 40 years of age or have any injury or medical condition, you must get clearance from your doctor before beginning this program. The Workouts This program contains rest days, walking and easy runs. This is a very basic training program and is intended only to increase your fitness level to the point at which you can run 2 miles without stopping. Do not worry about speed. After you complete this program, you can move on to more advanced programs that will further improve your speed and endurance. You will monitor and adjust the intensity of these workouts using the Rate of Perceived Exertion (RPE) scale. This is a scale that rates your workouts by how you feel. The ratings range from 1 (very light),...
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...The Association of Physical Activity and Stress in College Students Shaye Sedotal University of New Orleans Abstract The purpose of this study is to measure the relationship between physical activity and stress levels among college students. The sample comprised of 27% males (N=18) and 73% (N=48) females with a mean age of 23.6 years and an age range of 19 to 54. 51% (N=34) of the participants were Caucasian, 22% (N=15) were African American, 9% (N=6) Hispanic, and 7% (N=10) were of other ethnic backgrounds. 0% (N=0) were freshman, 8% (N=5) were sophomores, 36% (N=24) were juniors, and 56% (N=37) were seniors. Participants completed questionnaires about stress and physical activity. Results indicated that the relationship between physical activity and stress levels among college students were significantly correlated. The benefits of regular physical activity have been shown to positively affect wellness by reducing stress in college students. This research contained limitations such as small, non-random sample size and limited amount of questions pertaining to the study in the survey. The Association of Physical Activity and Stress in College Students The transition into young adult hood, which is often marked by beginning college, can be a particularly stressful time. Having to balance classes, test, projects, extra curricular activities, and work can increase stress levels in any student. Stress that is caused by college is...
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...now being in College, I don't exercise, which means that I won't burn the pounds that I put on during winter. I have always loved Badminton, which is why I chose this class. When I started this class, being an intermediate/advanced Badminton player, thought that I wouldn't get that much exercise, this being a College gym class. Then a couple of days in, realized that there were a couple of decent students that made me try a little harder. I also never got to face the professor, but that's fine. I still had fun throughout this semester. Then we switched gears into pickle ball. The fun and exercise just came rolling in. It was a good way to get more exercise to burn some pounds on top of being fun. Now, pickle ball was very different from Badminton in many ways. The most strenuous parts were the speed and how hard you had to hit the ball. Placement was a big deal as well but not as hard as speed and contact with the ball. Now, after the class being done for the semester, realize that I should run a couple of times a week in order to get more exercise. Also to make up for not having as much exercise as when I was on the Badminton team in High School. This will help me stay better in shape and burn some more pounds. I feel that this class, or every gym class should be held for the entire semester, not just ten weeks out of fifteen weeks. This would help people trying to stay in shape as well as help other people find a good way to exercise if not exercising already. This...
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...Drew LeBlanc Eco/365 May 19, 2014 Week 4 Paper Facilitator: MICHAEL BLAKLEY The fitness industry is a billion dollar industry that only increases each year with the demand from its consumers. Everyone wants to live a healthier life style and in that regards need to find a way to do so. Regular gyms are becoming a thing of the past simply because it is the same routine over a long length of time that looses the interest of its clients very quickly. Being able to give the people what they want is always a hard thing to do, but what is even harder is keeping the people interested over the long run. Finding the right model is the biggest thing as a business you can do to optimize your success rate. Fitness will always way heavily on people because in the long run of life people want to live longer. Taking into account the busy lives of the normal person in the 21st century the time where you can take two hours at the gym is just no-existent. People want a fast and effective way to reach their fitness goals in a time frame that shows quick results. The more people have to do for themselves the less likely they will stick with it. Not everyone can afford personal training, but want that kind of attention to push them through the days they do not want to work out. In 2000 Greg Glassman took all of the data he possessed and developed a new revolutionary workout routine that was fast and effective (Crossfit, 2000). In a small garage in Southern California is where Crossfit was...
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