ADMS 1000 Study Guide - Final Guide: Future Shop, Ipad, Vertical Integration
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ADMS 1000 Full Course Notes
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Same outline as midterm / added part d with an extra question. Use vrio model to check competitive advantage (ex. Swot analysis strengths, weaknesses, opportunities, threats: conduct on competitors, and also on own firm to see how to take advantage of firm. Paper is needed to make cups, therefore supplying self) or forward: (manufacturing, and also retailer, ex. Sony: when selling to future shop need to give commission; instead sony decides to take commission for self directly from consumer) Life cycle industrial evolution: new product comes in, introduced to the market; market is increasing in size since companies are copying products/innovating to make the same product better to get profit. Eventually, the market will stop growing which is the stage of maturity. *refer to chart of the industry life-cycle stages*: innovation (early stages) organic structure -- a lot of innovation = a lot of growth, maturity mechanistic structure. Issues of management process: formula firstly, state issue very clearly.