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Essay / Research Paper Abstract
This 5 page paper examines both old and new paradigms as it respects competitive strategies in the business world. Porter's theories are discussed. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA421Two.rtf
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Unformatted sample text from the term paper:
other older management theorists who saw that speed and mass production were two items essential for success. Today, speed is still important, but quality is as well. Also, work
is no longer supposed to be fostered, but rather just exist in a "turbulent business environment" (1993). Companies that are most successful when implementing new competitive strategies support the idea
of continuous improvement in addition to mass customization (1993). A flow in respect to goods and services are related to the stability of processes (1993). Many organizations face challenges
and, according to a student, the old rules no longer apply. It is true that business venues now have flatter structures even though they still may be housed in tall
buildings. The work atmosphere is less formal and the hierarchy can consist of just a couple of levels as opposed to an intricate alphabet labeling system that contends one person
is a Level C clerk whereas another is at the higher Level E. Because the rules no longer apply, strategy responses, again according to a student, should be based on
innovation and change. In explaining how and why this is the case, it is prudent to compare both old and new competitive strategies. The companies and industries which are
moving from old to new models are certainly relevant. It is true that while older, established insurance companies and other financial industry firms are slow to change, fields such as
advertising and fashion are quick to jump on any new bandwagon. This is largely due to the differences in terms of corporate culture. The insurance industry is notoriously conservative and
layered with executives, whereas the advertising industry is always in a constant state of flux. Generally speaking, creative industries will look for new paradigms whereas the industries that involve quantifying
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