There are varied definitions of common property that exist in various contexts. Its application and use is, therefore, determined by the specific context. Our definition of common property is in relation to real tangible property. Common property in this context of real properties can be defined as a property that is collectively owned by public or a community to which every member of the community has equal right to use and access. Sometimes, the government can own common property. Where government owns common properties, all citizens have a right to use it in various activities. The ownership and product Continue reading...
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Competition Critical Thinkings Samples For Students
Free Marketing Ethics Critical Thinking Sample
Advertisements are meant to be as attractive as possible to encourage the consumers to purchase the goods and services over competitors’ goods. In the spirit of competition, some business advertisement is deceiving and give fluid definitions and quotations that are not real and hence are ethically wrong. Statement of Ethics listed in the American Marketing Association (AMA) advocates for Honesty in Marketing. Consider branding foods ‘all natural’. Several lawsuits have been filled against several brands of commodities labeled as ‘all natural’ yet they contains unnatural ingredients. According to Wall Street Journal by Ashby Jones, September, 2011, “is your Dinner ‘ Continue reading...
Finance Critical Thinkings Example
Role Play Scenario
The proposals of finance manager, in result of the poor financial ratios are debatable. There are many advantages and disadvantages of implementing all three suggestions. The first suggestion of reducing the holding stock by fifteen percent to twenty percent can reduce the holding and manufacturing costs. However, it will affect the trust of shareholders of the company. Shareholders may assume that the business is losing the market share, or the business is not capable of finding new markets for more profits. Therefore, in these circumstances the business may face a failure of the right issue. Moreover, in the competitive Continue reading...
Competitive And Non-Competitive Markets Critical Thinkings Examples
A market is a system through which the buyers and sellers of a product interact. Markets can be identified by the product it deals in. For example market for computer software, market for crude oil etc. Markets can also be distinguished by the geographical expanse like the local market or the international market for a product. In economic analysis it is more important and more usual to classify markets in terms of the degree of competition present in the market. In this mode of classification we consider two forms of market, the buyer’s market and the seller’s Continue reading...
Critical Thinking On Strategic Management: Establishing Competitive Advantage From The Internal Activities
Competitive advantage is the ability of a firm that it develops in relation to its competitors that allows it to outperform them (Peteraf, 1993). If a firm can outperform competitors consistently, then it is called sustainable competitive advantage (Rodrigues and Dorrego, 2008). For example, Apple created groundbreaking products like iPhone, MacBook and iPad better in quality and features than others and its continued success and the never declining popularity of its products provides the company with a competitive advantage over its competitors. Sustainable competitive advantage cannot be developed overnight; rather it is built slowly over a period of time Continue reading...
Good Critical Thinking About Order# 211337100
Under Armour’s entry into the apparel industry was unprecedented. With competitors such as Nike and Adidas, Under Armour was able to bring in new products that did not exist in the market and they recognized their name as first in the market. The advantages that UA had upon is its entry into the market was the introduction of new products. The introduction of compression shirts, heat gear and many other products that the biggest competitors such as Adidas and Nike did not have.
When UA came into the market for the first time, their products were Continue reading...
Free Critical Thinking On Advantages Of Vertical Integration
Business operations emanate from the inculcation of plausible strategies in performance. Accordingly, through the inculcation of business level or functional level strategies, profitable outcomes are bound to prevail. Thus, this paper will evaluate the case questions regarding the diverse strategies that organizations inculcate.
- Horizontal integration, vertical integration, outsourcing and diversification strategies e.g. acquisition, mergers, internal new venturing joint ventures become recognized corporate strategies
Explain the difference between horizontal and vertical including both forward and backward0 integration
Horizontal integration denotes a company acquiring its competitors within the industry. As such, the company purchases numerous of its competitors towards sustaining commanding role within the sector of operation. Through acquisition of its rivals, an Continue reading...
Good Critical Thinking About Porter's Five Force Analysis
Figuratively, the Five Forces of Porter can be summarized in the diagram.
Threat of Entry
It measures the responsiveness in which competitors enter the industry. Ideally, it shows how difficult or easy it is for newcomers to start competing together with defined barriers that exist in the business. The higher the industrial competition, the better and easier it is for the new entrants to join the market. Majorly, new entrants will look at adjusting market shares, loyalty of customers, and prices. New entrants depend on many factors before they join the market.
Example from Delta-Signal Case Study
Weber and other colleagues have Continue reading...
Free Economics Critical Thinking Example
Why E-Books Are Upending the Publishing Business
The book publishing industry has become very competitive making it difficult for publishers to break-even in some instances. It, therefore, becomes necessary for publishers to look for alternative, creative ways of generating more revenue to cover their fixed cost and or variable costs. This additional income enables them to reduce their retail prices further and acquire a large market share. Strategies employed by publishers to earn an extra revenue include selling of space in their e-books and or physical books to advertisers and especially advertisers who want to pass information related to the books’ contents. This implies that in Continue reading...
Free Key Success Factors Environmental Scanning And Industry Analysis Critical Thinking Sample
Key success factors for success in jewelry and woodwork crafts including customer expectation
Jewelry and woodwork crafts provide business savvy people an opportunity to earn a living while expressing their creative art nature to the universe. However, Berrett (2012) suggests that the mistake that most people make when starting an art related business is to neglect the business side of the startup. As a result, most businesses fail due to mismanagement and poor planning of the venture. This is a mistake that Aguirre Jewelry and Wood Work Crafts will not succumb to because of the extensive planning analysis and Continue reading...
Example Of Critical Thinking On Critical Analysis Of A Scholarly Article About Organizational Structure
According to Caves (1980), market structure constrains the behavior of firms. Additionally, it defines the options of a firm. First of all, firms select their corporate strategy and internal structure depending on the market structure within which they exist. For instance, firms operating in an industry where the products are related record high levels of technical employment and labor skills. On the other hand, firms operating in industries with high levels of product differentiation have low levels of technical employment and labor skills. Secondly, the level of external competition determines the internal alignment of an organization as well as Continue reading...
Free Logistics And Supply Chain Management Practices Critical Thinking Sample
Supply chain management involves the organization of the flow of goods (Jacoby, 2009). There are various practices within the supply chain management. These practices include: storage and movement of raw materials; finished goods; work in process; interconnected networks; and channels involved in the provision of goods to customers (Blanchard, 2010). The objectives of supply chain management include: the creation of net value; leverage of logistics; measurement of performance; matching supply with demand; and setting up competitive infrastructures. Supply chain management also involves activities which include: designing; planning; executing; controlling; and monitoring (Jacoby, 2009). Supply chain management relies a lot Continue reading...
Schumpeterian Competition and Diseconomies of Scope Critical Thinking Sample
Based on the Timothy Bresnahan, Shane Greenstein, and Rebecca Henderson’s article Schumpeterian Competition and Diseconomies of Scope, the authors suggest that in the past, the incumbent and successful firms fail in new markets due to the strategies they use in these markets. Other suggestions in this article include the fact that the organization frames of these big firms have been unable to flex appropriately for the new era in technology due to their fixed nature. Additionally, it is suggested that, the fear of cannibalization coupled with the underinvestment could also be a source of failure in these incumbent Continue reading...
Free Over Confidence Impacting Financial Decisions Critical Thinking Example
Overconfidence is one of the traits that I always try to avoid at all times. This is because I clearly know the harm it can cause to a good course. Especially in this field of finance, it is suicidal when a financial investor or analysts exaggerates or overestimates their ability to successfully perform a certain task. Although it is alright for one to be confident in whatever they may be doing, it is equally risky when they excessively believe in themselves that they will succeed. Adding some doubt to an endeavour makes one to reason better. I consider the Continue reading...
Relationship Between Quantum And Incremental Technological Change Critical Thinkings Example
Quantum change and incremental technological change are among the most important aspects of corporate strategy in the big organizations, especially in those industries characterized by volatile competitive forces. According to Jones (2010) quantum change occurs when a product is extremely new in the market, and the organization has heavily invested in making the new product the next ‘big thing’ in the market. The connection between incremental technological change and quantum change is that the former provides infrastructure necessary for the enhancement of the new product, to match the unique needs of the customer, as well as step up to Continue reading...
Sample Critical Thinking On Points Of Agreement
A response on the “Reengineering the Corporation: A Manifesto for Business” and “The Goal”
A response on the “Reengineering the Corporation: A Manifesto for Business” and “The Goal”
The speed of development in the information technology is constantly increasing in this 21st century. Indeed, various changes have been seen in the corporation because of this reason. It is evident that the whole corporate system is updated at a significant speed. Owing the diverse and dynamic character of information technology, various corporations around the globe have adopted a comprehensive reengineering process in order to remain competitive in the brutal competition from competitors globally. In the previous years, competition among major corporations in the world Continue reading...
Good Example Of Organizational Structure Critical Thinking
Organizational structure is one of the factors that influence the performance of any given organization. In addition to other factors, implementation of strategies largely depends on the structure of an organization. The way an organization is structured determines whether or not the strategy to be implemented, in reaction to a threatening environment, would work effectively. A threatening environment may necessitate a change of organizational domain in various ways. For instance, a change in environment may force an organization to change its culture, and in this case, this may require an alteration of its structure because of the need to Continue reading...
Option 1) Critical Thinking Sample
An aggressive marketing strategy:
Now since the market is competitive and Digital Labs in order to improve their sales and profit figures, if adopt for an agressive marketing campaign, apart from financial issues relating to increased fixed cost and commission cost, company have to consider the marketing strategy of their competitors and also if they are losing on product quality and innovation factors, even a $15 million budget on advertisement will not help the company.
Thus, considering their product quality and what kind of innovative techniques their competitors are offering to the customers, is indeed an important consideration.
A 5% reduction in Continue reading...
Critical Thinking On Strategies Of Achieving Competitive Advantage
Michael Porter is a management researcher who helps organizations to succeed in their dealings. Porter argues that a firm gains competitive advantage by concentrating on cost leadership or differentiation of products. According to the researcher, these strategies help firms to expand their market share, and this leads to high volumes of sales and profits. Organizations interested in succeeding should expand and control their sources of competitive advantage (Gilchrist, Mooers, Skrubbeltrang, & Vachon, 2012). Wal-Mart, a store that sells a diversified line of products gains its competitive advantage by charging low prices for all goods besides differentiating stores and services.
Wal-Mart Continue reading...
Example Of Marketing In Foreign Markets Critical Thinking
In the current multifarious and very competitive environment, most businesses are striving to secure a favorable global market share in order to survive in their respective industry. In all organizations, marketing has long ceased to be a subsidiary department. Instead, it is now a frontline independent department. In addition to this, firms have been seen to capitalize on globalization and the advances in technology as they expand to take every opportunity presented to it. In the past, most businesses understood the concept of marketing as the advertising and selling of products and services. However, it has now been viewed Continue reading...
Critical Thinking On Pricing And Competition: Low Cost Leadership
Low cost leadership
Low cost leadership is when an organization chooses to focus on low cost maintenance of its products in comparison to its competitors. Its strategy depends on attaining low prices and costs with reliable value and quality for money. It aims at attracting more customers by working on integrated actions that help in production of goods at low costs. For this tactic to be a success the low cost leaders have to focus on some segments that make the consumers satisfied. This could be through delivering products that are more beneficial than that of the rivals and also making their Continue reading...
Trends In Supply Management Critical Thinking Examples
The primary objective of lean supply is to generate a system that is efficient and devoted to continuous improvement. Manufacturing firms that adopt lean supply strategies eliminate all possible causes of waste and enjoy well organized systems of production (Parker, 2007). Manufacturers have classified the lean production philosophy into four practices: just-in-time supplies, preventive maintenance of facilities, total quality management and human resource management (Dayna & Damien, 2005). These practices are vital in controlling production expenses and eliminating wastes arising from recalled products and spoilage. Just-in-time supply eliminates stockholding costs and reduces chances of waste due to storage.
Success of Continue reading...
Process Integration Case Study Critical Thinking
The integration process is making changes in the management and the flow of business management, and place more concentration to other hyperlinks. The process is enhanced since it is done repeatedly throughout the project Lifecycle. It is designed to attract customers especially the non-traditional IT, majors together with those interested in the integration process. The prime aim is to meet the employees and customers needs.
According to McAdam and McCormack on the changes of the structures of the organization, there is a need to make particular adjustments to enable the strategic decisions. In management, effective decisions are often desired, Continue reading...
Supply Chain Elements And Strategy Critical Thinking Example
Supply chain comprises of people, resources, activities, and organizations involved in moving a product or service from the supplier to the customer. The management of a business strategically places the supply chain elements of the supply chain to effectively transform raw materials, natural resources, and components into ready-to-consume products (Lebreton, 2007). The supply chain for Wal-Mart Stores is successful, although the company faces some challenges among the elements of the chain. The decisions of the supply chain are crucial in securing Wal-Mart’s competitive advantage.
Agility is the mainstay for Wal-Mart Inc. The company has the ability to rapidly Continue reading...
Example Of Critical Thinking On Wal-Mart On The March
Wal-Mart on the March
Given the facts that Wal-Mart has been exhibiting aggressive marketing strategies to dominate the retail industry, its competitors could not be blamed if they are constantly on their toes in anticipating how to respond and react to Wal-Mart’s apparent expansive blanketing strategy that directly endanger their entrenched market shares. To respond to the question: ‘should something be done to reign in Wal-Mart's retail dominance?’, one is taking the point of view of an apparently distressed and affected competitor. As a competitor whose market share is becoming endangered by the intensified strategies of Wal-Mart, the following alternative courses of Continue reading...
Enterprise Agreement Negotiation Critique Critical Thinking Sample
The business environment is characterized with various complex business activities and processes that result to conflicts. For example, the most prevalent conflict concept in most of the organization around the globe is the conflict between an organization and the unions of workers. This is based on various employees’ conditions and terms such the enumerations among other factors. However, there are various other conflicts that arise from the business activities and processes like competing firms that lead to the formation of cartels, conflicts on prices with suppliers, among others (Deutsch Coleman & Marcus 2011, p. 26). Resolution of conflicts involves a Continue reading...
Integrated Design In Architecture Critical Thinking Examples
A few years ago, there was an architectural competition for the restructuring of squares and pedestrians areas in Aglantzia, a part of Nicosia in Cyprus. Architects from the firm of Ioakim and Loizas won the competition. They intended to keep the design ‘traditional’ in order to preserve the surrounding structures in the region.
The philosophy of the proposal was that of gentle intervention, aiming at maintenance and re-establishment of elements of composition, character and "atmosphere of place". The proposal was focused on the re-establishment of continuity, extending vegetation as a basic component of quality of life, which helps in Continue reading...
Responsibility to Protect Critical Thinking Examples
R2P means responsibility to protect. It is a United Nation Initiative that was put in place in 2005. It is a doctrine that provides responsibility for the sovereign states and international community in large to protect their respective civilian against mass atrocity crimes. The doctrine consists a set of principle that is anchored to thought that sovereignty is a responsibility not a right.
In the situations that the sovereign state is unwilling and unable to implement these responsibilities, the international community intervenes with their collective responsibilities. The international communities take whatever action necessary to enhance the responsibility to Continue reading...
Example Of Blue Ocean Strategy Critical Thinking
Circus industry is one of those that are constantly under pressure due to the changing consumer behavior and trends associated with the industry. Even though, the circus industry has trembled for quite a long time, Cirque was able to enhance its profits along with its revenues in 20 years; a profit that older world leading circus took a century to attain. In order to attain such impressive and remarkable revenues, Cirque focused on creating an uncontested market space and aimed towards the audience that were noncustomers of the industry. This was the major advantage of the Cirque which allowed Continue reading...
Critical Thinking On Economics
ExxonMobil is a multinational corporation based in America. The corporation deal with petroleum products such as oil and gas. The corporation was formed as a result of the mergers of two companies, which are Exxon and Mobil hence the name ExxonMobil. The company has been ranked number one among companies with high turnover. The value per share of the company has skyrocketed hence the firm is ranked among the best performing firm in the Wall Street. To gain a competitive efficient delivery of its product and services, the energy company has engaged in a global competition with its competitors. Continue reading...
Critical Thinking On Pure Competitive Market
The Tomato market has been a recent center of focus by the media in the United States. One thing that is worth noting is that the United States is a member of NAFTA and organizations that opens a free market for countries in North America (Chambers and Smith 37). The common market created by NAFTA has created competition between tomato producers in the United States and those in Mexico. Tomato products from both countries compete for the same consumer base. However, Mexico tends to have a comparative advantage in the production of tomatoes compared to the United States (Strom Continue reading...
The Purpose Of A Business Critical Thinking Examples
Friedman (1970) says, “There is one and only one social responsibility of business to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud”. The author provides a discussion of this statement from concept of corporate firms and individual businesses. In a corporate firm, the executive is employed by the stakeholders and has a duty to them to ensure the firm is profitable. The corporate executive does not have the authority to Continue reading...
Critical Thinking On The Article
Writing a Critical Analysis
Article Title: Selecting a Web designer by Simon Griffiths
The article is titled “How selecting a web designer” by Simon Griffiths. The author presents answers to several concerns that business owners have in regard to effectively getting their businesses online through development of websites.
The credibility of the article stems from the credentials of its author. Simon Griffiths is a web developer based in Brisbane, Australia. As of the time he wrote this article Griffiths had been running his business called webxopt for a period of three years. His business concentrates on getting business websites to work and Continue reading...
Example Of Critical Thinking On Moving White Collar Jobs Off Shore
Outsourcing refers to the practice of delegating to a third party the performance of some parts of the value chain that used to be done in-house. The make-or-buy decision is usually based on the cost-benefit analysis and aims to eliminate non-value adding activities or processes that the company does not have competitive advantage in. It is possible to distinguish between onshore and offshore outsourcing. Onshore outsourcing implies that the partner companies are located in the same country, while offshore outsourcing or offshoring implies that the outsourced activities are going to be performed by foreign entities (Jacques, 2006).
Originally outsourcing Continue reading...
Free Critical Thinking On Group Project Analysis
Group project analysis
This piece reports on the funding, workforce and competition as the major challenges affecting the medical fraternity today. As witnessed in the article, many clients, in their descriptions, lodged their dissatisfaction to the Chief Executive Officer (CEO) clearly stating the agonies they faced on their visit to the hospitals for medical attention. As stated, these facilities are facing the problem of inadequate funding. This has actually resulted into lack of essential equipments like chairs, television, reading lights, standard bathroom materials, poor lighting and telephone services. However, despite all these, such hospitals still levy exorbitant charges to their clients (Coulehan Continue reading...
Example Of Critical Thinking On Several Measures Of The Learning And Growth Perspective
The major aim of every business undertaking is to enhance sound performance and scale high levels of growth. Although emerging firms always find it hard to enter new markets, competition from already established firms was fierce and it frustrated all effort geared towards growth of infant firms. The ability to measure learning and growth of an institution through penetration of new markets cannot be quantified. Critically, the growth of an organization is determined by how well the firm can reach out new consumers. This can be done through various ways, but the principal ones include: market segmentation and geographic Continue reading...
Free Critical Thinking On Wynn Resorts Ltd
Wynn Resorts, Ltd
Wynn Resorts Ltd. Growth and Expansion strategy
The Cotai Strip expansion strategy can be classified as a wholly owned subsidiary expansion strategy, it is a strategy aimed at increasing market share and keeping existing customers. The expansion strategy fits because Wynn Resorts Ltd has already established a branch in the location and aims at distributing its services to more consumers.
This expansion will create a network of interdependent subsidiaries that share the same brand name; the advantages accrued to this strategy are that the company will not risk sharing technological and managerial knowledge to competitors. The company will also Continue reading...
Offshore Outsourcing Critical Thinking
The article “Offshore Outsourcing: a SWOT Analysis of a State in India” by K.G.K. Nair and P. N. Prasad discusses the possibility of developing IT industry in the state of Kerala in India. The authors implement the framework of a SWOT analysis in order to provide a holistic assessment of Kerala as a destination for offshore outsourcing. Firstly, the article demonstrates the current trend in the outsourcing of IT and business processes to the low-cost locations, which is fuelled by the global economic recession. Limited opportunities for growth and the need to reduce costs in response to the unfavourable Continue reading...
Free Critical Thinking On Compensation Management
Question 1. What are the similarities and differences in procedures for person-based and job-based structures? Explain why they are important.
Organizations use different procedures to determine how salaries and compensations are distributed among the employees in the organization. All procedures are aimed at distributing pay equitably at the same time gratifying employees who contribute a lot towards the organizations objectives. There are different methods used to determine how the employees are compensated. They include person based evaluation and job-based evaluation. It is very important for an organization to understand the difference between the two.
A compensation structure is very important in an organization. It helps the organization to get attention, motivate and maintain good staff. Job-based structure is the Continue reading...
Example Of Critical Thinking On Marketing
Method is a brand name for a home and body care product that seeks to clean people’s homes and bodies by removing all harmful chemicals from their lives. The method focuses on the green philosophy together with an emphasis on edgy marketing techniques. Method was founded by two former school mates and friends namely Adam Lowry and Eric Ryan back in the year 2000 (Pride 25). Lowry and Ryan have focused on green marketing, and their intriguing slogan for the San Francisco- based product is ‘People against dirt’. Green marketing refers to the method of selling products or Continue reading...