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3C's Model
The 3Cs Model is an industry model, which offers a strategic look at the factors needed for success. It was developed by Japanese organizational theorist Kenichi Ohmae. The 3Cs model points out that a strategist should focus on three key factors for success. In the construction of a business strategy, three main elements must be taken into account: # The Company # The Customers # The Competitors Only by integrating these three, a sustained competitive advantage can exist. Ohmae refers to these key factors as the three Cs or ''strategic triangle''. Customers have wants and needs. The company recognises these and offers a basic product. To cater to their expectations and also to differentiate from competitors, companies try to offer differentiated products. Similarly, competitors attempt to offer differentiated products to generate profits and growth. There is also a new 3 Cs model emerging which centers on sustainability. This model is: #Capability #Consistency #Cultivation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industry Model
Industry may refer to: Economics * Industry (economics), a generally categorized branch of economic activity * Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery * The wider industrial sector of an economy, including manufacturing and production of other intermediate or final goods * The general characteristics and production methods common to an industrial society ** Industrialization, the transformation into an industrial society * Industry classification, a classification of economic organizations and activities Places * Industry, Alabama * Industry, California ** Industry station * Industry, Illinois * Industry, Kansas *Industry, Maine *Industry, Missouri *Industry, New York * Industry, Pennsylvania * Industry, Texas * Industry Bar, a New York City gay bar * Industry-Rock Falls Township, Phelps County, Nebraska Film and television * ''Made in Canada'' (TV series), a Canadian situation comedy series also known as ''The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenichi Ohmae
is a Japanese organizational theorist, management consultant, Former Professor and Dean of UCLA Luskin School of Public Affairs, and author, known for developing the 3C's Model. Biography Born in 1943 in Kitakyūshū, Ohmae earned a BS in chemistry in 1966 from Waseda University, an MS in nuclear physics in 1968 from the Tokyo Institute of Technology, and a doctorate in nuclear engineering from the Massachusetts Institute of Technology in 1970.Witzel, Morgen. ''Fifty key figures in management''. Routledge, 2004. p. 237. After graduation, Ohmae subsequently worked as a senior design engineer for Hitachi from 1970 to 1972. From 1972 to 1995 he worked for McKinsey & Company. As a senior partner he ran the company's Japan operations for a number of years. He co-founded its strategic management practice, and served companies in a wide spectrum of industries, including industrial and consumer electronics, finance, telecommunications, food and chemicals. In 1995 he ran for Gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competitive Advantage
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information. Overview The term ''competitive advantage'' refers to the ability gained through attributes and resources to perform at a higher level than others in the same industry or market (Christensen and Fahey 1984, Kay 1994, Porter 1980 cited by Chacarbaghi and Lynch 1999, p. 45). The study of this advantage has attracted profound research interest due to contemporary issues regarding superior performance levels of firms in today's competitive market. "A firm is said to have a competitive advantage when it is implementing a value creating strategy not simultaneously being implemented by any current or potential player" (Barney 1991 cited b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainability
Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable living). Sustainability is commonly described as having three dimensions (also called pillars): environmental, economic, and social. Many publications state that the environmental dimension (also called "planetary integrity" or "ecological integrity") is the most important, and, in everyday usage, "sustainability" is often focused on countering major environmental problems, such as climate change, loss of biodiversity, loss of ecosystem services, land degradation, and air and water pollution. Humanity is now exceeding several "planetary boundaries". A closely related concept is that of sustainable development, and the terms are often used synonymously. However, UNESCO distinguishes the two thus: "''Sustainability'' is often thought of as a lon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Coverage
Market is a term used to describe concepts such as: *Market (economics), system in which parties engage in transactions according to supply and demand *Market economy * Marketplace, a physical marketplace or public market Geography * Märket, an island shared by Finland and Sweden Art, entertainment, and media Films * ''Market'' (1965 film), 1965 South Korean film * ''Market'' (2003 film), 2003 Hindi film *'' The Market: A Tale of Trade'', a Turkish film Television * ''The Market'' (TV series), a New Zealand television drama Brands or enterprises *The Market (company), a concept grocery store *The Market, a specialized Safeway store Types of economic markets *Agricultural marketing * Emerging market * Energy market * Financial market *Foreign exchange market * Grey market, commodity trade outside of original producer's distribution channel * Media market, geographic area with mostly the same set of media outlets *Niche market * Open market, a free trade economy; the antonym o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Point Of Diminishing Returns
In economics, diminishing returns are the decrease in marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, holding all other factors of production equal ( ceteris paribus). The law of diminishing returns (also known as the law of diminishing marginal productivity) states that in productive processes, increasing a factor of production by one unit, while holding all other production factors constant, will at some point return a lower unit of output per incremental unit of input. The law of diminishing returns does not cause a decrease in overall production capabilities, rather it defines a point on a production curve whereby producing an additional unit of output will result in a loss and is known as negative returns. Under diminishing returns, output remains positive, however productivity and efficiency decrease. The modern understanding of the law adds the dimension of holding other outputs equal, since ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Situation Analysis
In strategic management, situation analysis (or ''situational analysis'') refers to a collection of methods that Management, managers use to analyze an organization's internal and external environment to understand the organization's capabilities, customers, and business environment. The situation analysis can include several methods of analysis such as the #5C analysis, 5C analysis, SWOT analysis and Porter's five forces analysis. In marketing In marketing, a marketing plan is created to guide businesses on how to communicate the benefits of their products to the needs of potential customer. The situation analysis is the second step in the marketing plan and is a critical step in establishing a long term relationship with customers. The parts of a marketing plan are: * Introduction * Situation analysis * Goal, Objectives * Budgeting * Strategy * Execution * Evaluation The situation analysis looks at both the macro-environmental factors that affect many firms within the enviro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
