Instructions: Please refer to the Discussion Grading Rubric before starting the assignment. Read the Case Scenario and answer the three questions that follow. Be careful to address each question posed. Include APA formatted in-text citations and a reference list. (In this class, all applicable citations should contain the page or paragraph numbers. The only exceptions are videos or podcasts.) Use the lettering system indicated below to post your answers. Your answers should be listed in sections labeled “A” through “C.” Michael Porter — An Icon of Competitive Strategy and Competitive Advantage Every business student would be well served by becoming conversant with Porter’s models. Michael E. Porter was (and may still hold the distinction) of being the youngest professor to receive tenure in Harvard University’s history. He has been on the Harvard Business School faculty since 1973. It would not be easy to find an academic article, book, or textbook dealing with competitive strategy and competitive advantage written in the past 50 years that does not mention the impact of Porter’s theories. In Competitive Strategy (1980), as you learned in week 2, Porter identifies five industry forces that managers must consider in developing market strategies. The five forces Porter’s model identifies are: (1) the threat of new entrants into the market, (2) the bargaining power of customers in the industry, (3) the bargaining power of suppliers in the industry, (4) the threat of substitute products or services entering the market, and (5) the price competition or other forms of rivalry among existing firms in the market. The application of the five forces model recurs throughout the course. Porter pursues the theme of global competition in his 1985 book, Competitive Advantage, where he notes that companies must select a strategy of cost leadership (e.g., Costco), which is contingent upon a large market share, or a strategy of differentiation (e.g., Nordstrom), which pursues a smaller market share but has an exclusivity advantage. It is this part of Porter’s work we will focus on this week. Porter’s books rank among the best-selling business books. Porter, E. M. (1980). Competitive strategy: Techniques for analyzing industries and competitors. Free Press. Porter, E. M. (1985). Competitive advantage: Creating and sustaining superior performance. Free Press. Case Scenario: Smithfield Custom Furniture: Smithfield Custom Furniture has done extremely well since its founding in 1903. Smithfield has focused on selling reasonably priced furniture since its inception. Now 2001, the company has been headed by the founder’s granddaughter, Joan Smithfield (CEO). She has run the company for the past twenty years. Today, the company has 247 retail stores. 220 stores are spread throughout the 50 states, and 27 stores are located in England, France, and Germany. Each country has 9 stores. The company employs 13,000 people. For the past 20 years, Joan Smithfield has been aware of the financial growth in a large workforce segment, primarily due to more women in the workforce holding full-time and professional occupations. She knows, too, that the reasonably priced furniture market has become saturated with other competitors during this time. The company does all its manufacturing in the United States at six facilities, which recently were modernized with the latest equipment. Although recently modernized, Smithfield’s production plants are not producing at maximum capacity. Joan realizes the plants could produce more and different types of furniture. The Board of Directors is pressuring Joan to diversify Smithfield’s product line. Everyone on the board, including Joan, agrees diversification is needed. Everyone agrees, too, a new line of furniture needs to be added. However, the 12-member Board of Directors is evenly divided on whether the new line of furniture should be 1) massed produced, mass-marketed, and sold at the lowest price point possible or 2) whether the new line of furniture should be a very upscale line of furniture, custom-crafted and produced from the most expensive and exotic woods, exclusively marketed to the top 7.5% of world-wide income earners. The Smithfield plants have the capacity and capability to develop and produce either but not both lines of new furniture. Joan Smithfield has been a longtime admirer of Michael Porter. She met Porter a few times over the years at various seminars and business functions. Your Task for Your Initial Post: In your role as a senior strategy analyst at Smithfield Custom Furniture, CEO Joan Smithfield has requested you to provide to her a memorandum that addresses A-C below. A. Explain, using the link provided to Porter’s Competitive Advantage Model, how Porter’s Competitive Advantage model applies to the Smithfield’s Board of Directors’ issue of deciding to produce a very exclusive furniture line or a mass-produced, mass-marketed furniture product line. Use in-text citations as appropriate. https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/stages-and-types-of-strategy/ B. Select the best strategy for the Smithfield company to pursue from the two strategies Porter presents in his model and explain why that particular strategy is better than the alternative. C. Using this week’s course readings, assuming Joan Smithfield accepts your recommendation, what is the next action she should take to determine if your recommendation is correct? Be specific. Use in-text citations and list references from course readings as required. Your initial post is due by Saturday at 11:59 PM. Classmate Replies: Your replies to your classmates are due by Tuesday at 11:59 PM (see below about HOW to reply). You are required to respond to a MINIMUM of 2 classmates by the Tuesday at 11:59 PM deadline. For this Discussion, you will reply to your classmates in this way: Comment specifically on letter C of your classmate’s post. Describe why you agree or disagree with your classmate’s assessment, and support your response with course materials. How to Reply – Substantive Replies: Substantive replies to classmates are expected for this Discussion. That means that comments like “Great Post” or “I agree” will NOT count toward a substantive reply. A substantive reply MUST use support from course materials, which means APA citations and references. For this discussion, you will reply to your classmates as indicated above in Classmate Replies. How Many Replies to Classmates? Read the grading rubric carefully. The rubric points out the major criteria, including response frequency and timeliness, that will be used to grade this assignment. Note that you cannot earn maximum grades for the frequency of posting by responding to only 2 classmates. “While 2 responses are all that are required by the rubric, more than 2 is always better.” (See explanation above about what “respond substantively” means in this class.) Other Writing Guidelines for this Discussion: Use the grading rubric while completing the project to ensure all requirements are met to lead to the highest possible grade. Third-person writing is required. The third person means no words such as “I, me, my, we, or us” (first-person writing). Contractions are not often used in business writing, so do not use them here. Paraphrase – do not use direct quotations. This means that you will put the ideas of an author or article into your own words rather than lift them directly from a source document. You may not use more than four consecutive words from a source document (including the case scenario) or change words in a passage as doing so would require direct quotation marks. Use a passage from a source document by putting it into your own words (paraphrase) and attribute the passage to the source document. Changing words from a passage does not exclude the passage from having to have quotation marks. If direct quotes are presented, they will not be included in the grading. Use in-text citations and provide a reference list that contains a reference associated with each in-text citation. Only course materials (from this course’s content) may be used. Sources other than this course’s eBook or the course materials listed under content will not be considered sources of support. Provide the page or paragraph number in every in-text citation presented. Refer to this link for more guidance on how to do this: In-Text Citations – Including Page or Paragraph Numbers.
A case study directed by Maryland Technology Consultants Inc.. The Stage 2 assignment is followed by Stage 1s already submitted product. The Stage 2 analysis can be continued to follow the Stage 1 assignment. Please see the attached memos and case study. I have added 3 different papers loaded and combined into one but please only take in account the Stage 2 assignment. The assignment must be finished in Word.
One-page goal statement describing your career plans and how an MBA will help you achieve them. (My goals are to go into project management, human resources or supply chain management). Am also using Voc-rehab (V.A.) to help me after graduation to get a job.
Please see all attachments. This is a powerpoint presentation requiring about 800-1000 words of content in the notes section, over 8-10 slides. All required documents and rubrics are attached.
Discussion: Culture and Business Chapter 4 has looked at the nature of culture and discussed a number of implications for business practice. This discussion board will address one of our learning objectives from Chapter 4 which is: LO4-4 Recognize how differences in social culture influence values in business. Initial Post: The most famous study of how culture relates to values in the workplace was undertaken by Geert Hofstede. Hofstede initially isolated Four Dimensions that he claimed summarized the different cultures: 1) Power Distance (https://www.youtube.com/watch?v=DqAJclwfyCw) 2) Uncertainty Avoidance (https://www.youtube.com/watch?v=fZF6LyGne7Q&t=100s) 3) Individualism versus Collectivism (https://www.youtube.com/watch?v=zQj1VPNPHlI) 4) Masculinity versus Femininity (https://www.youtube.com/watch?v=Pyr-XKQG2CM) Use the above links and view the videos on Hofstede’s Four Dimensions. After viewing the videos and completing the Chapter 4 reading, answer the following questions. Understanding cultural differences in the workplace is essential to success as an international business – 1) Discuss the dimensions identified by Geert Hofstede… A) Are they still relevant today? B) Should other dimensions be added to his model to better understand cultural differences in today’s global economy? You Must: – Completely answer the question. Your initial post should be detailed and supported by at least one source. – Cite and list your sources at the bottom of the post in APA-style format.
Textbook 1: (H) Consumer Behavior – Buying, Having, and Being Michael R. Solomon, 2017 Pearson ISBN.13: 978-0-134-12993-8 Questions 1: 1. Discuss the positive and negative consequences of today’s culture of participation that is enabled by social media platforms. 2. Explain the 3 systems of Freud’s personality theory. 3. Define problem recognition. Show how problems can arise. Give a brief example to illustrate the problem recognition process. 4. What characteristics of opinion leaders make them valuable sources for product information? Explain. Textbook 2: (S) Essentials of MIS Kenneth C. Laudon and Jane P. Laudon, 2019 Pearson ISBN.13: 978-0-134-80275-6 Questions 2: 1. Please read “Business Problem-Solving Case: Did Information Systems Cause Deutsche Bank to Stumble?” on pages 35-36 of your text and answer the following: What was the role of information technology at Deutsche Bank? How was IT related to the bank’s operational efficiency, decision-making capability, and business strategy? Was Deutsche Bank using technology effectively to pursue its business strategy? Explain your answer. 2. Please read “Business Problem-Solving Case: Facebook Privacy: Your Life for Sale” on pages 149-151 of your text and answer the following: Perform an ethical analysis of Facebook. What is the ethical dilemma presented by this case? What is the relationship of privacy to Facebook’s business model? Will Facebook be able to have a successful business model without invading privacy? Explain your answer. Are there any measures Facebook could take to make this possible? 3. Please read “Business Problem-Solving Case: Google, Apple, and Facebook Battle for Your Internet Experience” on pages 267-269 of your text and answer the following: Compare the business models and core competencies of Google, Apple, and Facebook. Why is mobile computing so important to these three firms? Evaluate the mobile strategies of each firm. What is the significance of search to the success or failure of mobile computing? How have Apple and Facebook attempted to compete with Google? Will their strategies succeed? Explain your answer. 4. Please read “Business Problem-Solving Case: A Nasty Ending for Nasty Gal” on pages 387-388 of your text and answer the following: How was social media related to Nasty Gal’s business model? To what extent was Nasty Gal a “social” business? What people, organization, and technology problems were responsible for Nasty Gal’s failure as a business? Could Nasty Gal have avoided bankruptcy? Explain your answer.
You will research a topic related to your field of study or current career. Choose either an innovation or a problem to be solved in your current, past, or future workplace. Then, begin to study the topic, doing both primary and secondary research. You will submit a business proposal requesting to research this topic to your instructor at the start of the semester. Required Elements of the Report Your report should be modeled after the sample provided in your text and the sample provided at our Blackboard site. The report must contain: a title page, a table of contents, an executive summary, five to seven single spaced pages of text (not including title page, table of contents, summary, and graphics), two graphics you construct, and a references page. Your report must include a total of at least six sources cited on the references page and two graphics you construct. There must be both primary and secondary sources listed. You must also include parenthetical (in-text) references within your pages of text as appropriate. For all sources, you should use APA format. See https://owl.english.purdue.edu/owl/resource/560/01/ for help if needed. ….added the whole text to the project.
THIS ASSIGNMENT SHOULD BE MASTER LEVEL QUALITY OF WORK!!!!! BUSN625 Week 5 Assignment (name assignment as shown on left) DUE Thursday Sept 1st at 12 pm/NOON EST. CANNOT BE LATE!!! APA with minimum 2 citation (USA scholarly and relevant resources only). READ ALL COURSE OBJECTIVES, SYLLABUS, INSTRUCTIONS, RUBRIC AND ANSWER ALL QUESTIONS MENTIONED IN ASSIGNMENT.
ASSIGNMENT: In three to five (3-5) pages, advise Jim and Laura based on the above facts as presented and the material covered in the lessons. In your paper, be sure to address the following: Define the elements of a legal contract using examples from the scenario where applicable. Decide whether or not there was a contract for the purchase of the automobile. Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other websites do not qualify as quality academic resources. ***ENTIRE SCENARIO AND RUBRIC IS IN ATTACHMENT***
THIS ASSIGNMENT SHOULD BE MASTER LEVEL QUALITY OF WORK!!!!! BUSN625 Week 5 Forum and Replies (name assignment as shown on left) DUE Wednesday August 31st at 12 pm/NOON EST. CANNOT BE LATE!!! PART 1 Forum: at least 250 words APA with minimum 1 citation (USA scholarly and relevant resources only). PART 2 Replies: identify each separately by name in ( ), consisting of 3 separate minimum 100-word replies. Citations are not required, but if they help the response please include. Please refer to BUSN625 Week 5 for the weeks readings, learning objectives, and general reference notes in order to reply. READ ALL COURSE OBJECTIVES, SYLLABUS, INSTRUCTIONS, RUBRIC AND ANSWER ALL QUESTIONS MENTIONED IN PART 1 AND 2 OF ASSIGNMENT.