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Written by Administrator
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Thursday, 22 October 2009 00:30 |
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Sales figures do not necessarily indicate how a firm is performing relative to its competitors. Rather, changes in sales simply may reflect changes in the market size or changes in economic conditions. The firm's performance relative to competitors can be measured by the proportion of the market that the firm is able to capture. This proportion is referred to as the firm's market share and is calculated as follows: Market Share = Firm's Sales / Total Market Sales |
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Last Updated on Thursday, 22 October 2009 00:53 |
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Written by Administrator
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Monday, 30 March 2009 23:29 |
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Covers the questionnaire design process for the marketing survey, including question structure and wording, response types, question order, and the testing of the questionnaire |
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Written by Administrator
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Saturday, 04 April 2009 18:13 |
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The Business Model
To extract value from an innovation, a start-up (or any firm for that matter) needs an appropriate business model. Business models convert new technology to economic value.
For some start-ups, familiar business models cannot be applied, so a new model must be devised. Not only is the business model important, in some cases the innovation rests not in the product or service but in the business model itself.
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Last Updated on Wednesday, 28 October 2009 00:03 |
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Written by Administrator
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Monday, 12 January 2009 23:13 |
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Explains the concept of competitive advantage, using a diagram to illustrate how distinctive competencies and positional advantages create superior value. |
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