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Business Policy Final Review

Get embodied by individuals when people leave the

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get embodied by individuals (when people leave, the memory, knowledge, and information leaves) - A firm has a history o Institutional memory Structured or codified knowledge Tacit or experiential knowledge Ice-Fili - Porter’s 5 Forces o Rivalry o Barrier to entry o Supplier power o Buyer power o Threat of substitutes - Example of a fragmented industry (lots of small player, nobody has a large market share); just b/c the industry is fragmented, the competition is not necessarily higher; conversely, just because the industry is tight, it does not mean the competition is lower - Understanding industry boundaries - Profit tree - Fragmented “price taker” oligopoly duopoly monopoly “price setter” - Making an industry good South African Breweries in Tanzania - Low cost strategy - Example of o Operational efficiency o Distribution network (what got them into Tanzania) o Economies of scale - Why did this strategy work in this situation? o Core competencies (low cost production efficiency; distribution network; selling in difficult markets) o Understanding difficult market skills
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December 7, 2011 o Monopoly (‘perfect market’ according to 5 forces) o [Note: we also discussed how to read/analyze a case and complements] - Diversifying o Where? o What? Beverages Bread Baby food Bottle openers o Take away: while baby food seems like an odd idea, the production and
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