TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
Business Strategy Session 2 Key Takeaways
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2. POSITIONING BASED VIEW (PBV) WHERE AND HOW SHALL WE COMPETE? RESOURCE BASED VIEW (RBV) WHAT SORT OF ORGANISATION SHOULD WE BE? IN ORDER TO ACHIEVE SUSTAINABLE COMPETITIVE ADVANTAGE
3. Stick to the knitting Exploit what you know Meet current customer needs Plan Demand accountability Process and Structure Systems Dream of opportunity spaces Explore what you don’t know (you don’t know) Anticipate future needs Learning and Emergence Freedom and Flexibility Unstructured Interaction EFFICIENCY CREATIVITY
8. THE ONLY USE OF THE WORD SUSTAINABLE IN MANAGEMENT IS WHEN IT GOES IN FRONT OF THE WORDS ‘COMPETITIVE ADVANTAGE’ TODAY BUSINESS SUSTAINABILITY IS THE OPPORTUNITY FOR BUSINESS TO IMPROVE ITS PROFITABILITY, COMPETITIVENESS, AND MARKET SHARE WITHOUT COMPROMISING RESOURCES FOR FUTURE GENERATIONS. YESTERDAY
18. 100 YEARS AGO NO… AUTOMOBILE AVIATION MUSIC RECORDING PETROCHEMICALS PHARMACEUTICALS INDUSTRIES
19. 30 YEARS AGO NO… MOBILE PHONES EXPRESS PACKAGE DELIVERY HOME COMPUTERS MUTUAL FUNDS
20. 5 YEARS AGO NO… WIRELESS HOTSPOTS CAMERAPHONES RFID TAGS DECODED GENOMES
21. WHAT INDUSTRIES WILL BE IMPORTANT BY THE END OF YOUR WORKING LIVES THAT DON’T/ (HARDLY) EXIST? NANOTECHNOLOGY NEUROTECHNOLOGY SOLAR PHOTOVOLTAICS NON INVASIVE DIAGNOSTICS HUMAN/ANIMAL HYBRIDISATION
22. PROBABLY NOT… TELEPORTATION FASTER THAN LIGHT TRAVEL INTERDIMENSIONAL WORMHOLES TO PARALLEL UNIVERSES ALIEN/HUMAN HYBRIDS
23. DEVELOP A NEW PRODUCT/SERVICE HELP START A NEW INDUSTRY START A NEW COMPANY IN AN EXISTING INDUSTRY
24. ‘ The point is not only to understand the world, but to change it’ Karl Marx
25. The bottom of the Pyramid Web 2.0/3.0 Eco-entrepreneurship
26. Per Capita Income >$30000 296 million >$10000 723 million >$4000 2,397 million 2,692 million
47. This leading U.S. commercial fabric firm teamed up with a textile mill in Switzerland and McDonough-Braungart to design and produce an upholstery fabric so toxin free that the local garden club uses factory trimmings as mulch. When Swiss inspectors tested the mill's effluent, they thought their instruments were broken-the water leaving the factory was as clean as when it entered. All waste that isn’t food represents a serious design failure
48. ‘ Our vision for the future is zero-emissions driving’ Norbert Reithofer CEO BMW 27 th Sept 2007 Boring. Yawn ‘ FIT’ STRATEGY
49. Our vision for the future is positive emissions driving……… The nutri-car ‘ STRETCH’ STRATEGY
50. CAPTURES WATER VAPOUR STORES NITROUS OXIDE FOR USE AS FERTILISER STORES CARBON AS CARBON BLACK TIRES ATTRACT AND CAPTURE HARMFUL AIRBORN PARTICLES
53. Before opening it checks my blood sugar/alcohol level and DNA for warning signs. Plays short movie with sound (and advert) after opening Absorbs toxic particulates and renders them harmless Solar powered heat exchanger cools can in sunlight Dissolves when empty Printed RFID tag
55. CREATING A GLOBAL ECONOMY THAT IS ECOLOGICALLY SUSTAINABLE REPRESENTS THE GREATEST INVESTMENT OPPORTUNITY…….PERHAPS EVER. Much too important to be left to either the Treehuggers or ‘Suits’
56. Per Capita Income >$30000 296 million >$10000 723 million >$4000 2,397 million 2,692 million + eco-entrepreneurship
57. 3 billion people cook indoors with biomass fuels – wood, dung etc. 1.6 million premature deaths per annum Destroys trees and other ground cover promoting erosion and flooding
65. McDonough and Braungart Major soap manufacturer trying to penetrate the Indian market ‘ You’ve been asking for many years about what your potential customers and consumers want – we want to ask the question: What does the river want?’
66. THE OLD PARADIGM: CRADLE TO GRAVE THE NEW PARADIGM: CRADLE TO CRADLE