JB Hi-Fi Limited (JBH) 1. Macro economic factors and Industry Analysis a. Describe the firms economic environment and evaluate how this has impacted historic firm performance and is likely relevant to future performance. b. Perform an industry analysis and evaluate the level of competition in the industry/ies that your firm operates 2. Business Strategy Analysis Identify the key success factors and risks of the firm 's strategy and the sustainability of profits generated by the strategy given the threat of competition.
Additionally, in that period workforce involved in agriculture dropped from 75% to 43% in England, while in France and Germany dropped from 75% to 61-64%. Because of the relation between productivity and urbanisation, England is the leader in terms of the agricultural productivity, with levels twice as high as those in Europe. It is evident that the most important factors in the process are increased productivity on farms and the growth of urban population. However; a question is: which one
The identification of SWOT is important because they can inform later steps in planning to achieve the objective. SWOT analysis is a tool to analyze the internal and the external factors that is stands for strengths and weaknesses, opportunities and threats. Firstly, strengths describe the core competencies of a business, strategic factors that may make a certain extend more likely to succeed where the commerce may have positive points over other comparable businesses. For instance, Cravia has harmony and chemistry between workers, people and groups. This agreement makes a difference in encouraging the work and assignments.
In this regard, studies show that famine has been reduced 20% in this period (Brownell, 2008), food supply raised 12-13% between 1960 and 1990, whereas without the new technologies food production were decreased around 20% and price was increased 35-65%. The other research in Asia shows that with 1% increase in production, the numbers of poor people decrease by 0.48% (Pingali, 2012). Furthermore, green revolution has had a great influence on labor’s life and provided opportunities for them to improve their life. In fact, this revolution has affected labors in some terms such as employment and wage. As I noted above, green revolution has increased productivity, so bulk density of generated plants enhance the need for extra labors for fertilizing, transplantation and weeding (Das,
Competitive advantage of a firm is the edge that it has over its competitors (Altharti 2012).It is important to state that competitive advantage (CA) cannot be achieved without a business strategy or business model. It is the business strategy, which is the management game plan for creating value for stakeholders and earning a reasonable return on investment that gives a company a competitive advantage over rivals in terms of higher financial performance on revenue, return on investment etc. The author accepts that Porter’s generic strategy and value chain are important tools in understanding the competitive strategies being deployed by rivals in any industry analysis. An understanding of the generic strategies such as the broad low cost provider, broad differentiation strategy, and narrow focus strategies on cost and differentiation being deployed by competitors can provide opportunities for existing and potential competitors by trying to achieve a lower cost or better differentiation by rivals. The value chain is an internal analysis of how an organization organizes
Unit 5 Individual Assignment-Ugochi Faith Akwaja Plan for Increasing Competitive Advantage in Depuy Synthes (a Johnson and Johnson company) for the Product Nesol Pricing Strategy: For this product Nesol a key factor to maintain competitive advantage and profitability is our choice of pricing strategy. Some critical factors important to analyze in order to choose the right price points for Nesol are: • Cost of production: the cost of production remains an integral part of a pricing strategy if the company intends to make profits on the products being introduced into the market. Pricing should therefore cover costs of production and even transportation and storage etc. (COGS). • Current demand within target segments: if products are in high
The Congressional Budget Office (CBO) released a new report on the impacts of raising the minimum wage to $10.10 an hour and $9 an hour. It found that a $10.10 minimum wage, implemented by 2016, would mean higher earnings for 16.5 million workers, resulting in $31 billion more in higher earnings. It would also lift nearly 1 million people out of poverty. But it also found that an increase would reduce jobs slightly. “Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3 percent,” it projects.
A study by the Center for American Progress found that raising the minimum wage to $10.10 would help 3.5 million Americans get off food stamps (Rachel West and Michael Reich, 2014). Americans spend $80 billion each year financing food stamps for the poor, but the country has no idea where or how the money is spent (Luke Rosiak, June 24, 2012). The rise of minimum wages would allow this number to decrease drastically. If minimum wage is increased by ten percent, it would reduce food stamp usage by two to three percent. This would allow for an improvement of approximately $4.6 billion that can be saved or returned to the taxpayer’s wallet (Rachel West and Michael Reich, 2014).
Hence, be a source of competitive advantage is the key resources which is not only located within the organization but it is also a part of relationship of network. Besides, the responsibility of the manager in supply chain management is to maintaining high rise elasticity and to achieve efficiency cost of supply chain. One of the key factors in term of to ensure the efficiency of financial management is the effectiveness of cost control. The commonly brought up of supply chain management’s goals is a cost reduction. Besides, with reducing cost, it is forcing companies to point on increased attention on the relationship with another party in supply chain.
However, in a bid to ensure effective and up-to-date evaluation of the companies performance, stability, liquidity solvency, profitability and also to paint a picture to aid better understanding of the companies financial concepts, position and performance, financial statistics and data were collected from the companies published reports, financial statements, credit and investment advisory services. Also, a comprehensive analysis of the organization's overall performance was identified using a combination of profitability ratio, liquidity ratio, performance efficiency ratio, Debt and debt leverage ratio and service marketability