SlideShare a Scribd company logo
1 of 95
BREAST CANCER SCREENING
· Describe the diagnostic or screening tool selected, its purpose,
and what age group it targets.
· Has it been specifically tested in this age group?
· Next, discuss the predictive ability of the test. For instance,
how do you know the test is reliable and valid? What are the
reliability and validity values? What are the predictive values?
Is it sensitive to measure what it has been developed to
measure, for instance, HIV, or depression in older adults, or
Lyme disease? Would you integrate this tool into your advanced
practice based on the information you have read about the test,
why or why not?
2. You should include a minimum of two (2) scholarly articles
from the last five (5) years (3 is recommended).
3. Respond to a minimum of two (2) individuals, peer and/or
faculty, with a scholarly and reflective post of a minimum of
two (2) paragraphs of 4-5 sentences. A minimum of one (1)
scholarly article should be utilized to support the post in
addition to your textbook.
4. Your work should have in-text citations integrating at a
minimum one scholarly article and the course textbook. APA
format should be utilized to include a reference list. Correct
grammar, spelling, and APA should be adhered to when writing,
work should be scholarly without personalization or first -
person use.
image1.png
School of Business
BUS304
Evidence Based
Strategy Creation
WEEK 10
IN-ORGANIC GROWTH: MERGERS AND
ACQUISITIONS
2
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
The Popularity of Merger and Acquisition
Strategies
➢Merger and acquisition (M&A) strategies have been
popular for many years.
➢M&A strategies:
➢Are being used with greater frequencies in many
regions of the world today
➢Are used to try to create more value for all firm
stakeholders
➢Are challenging to effectively implement
GSK
https://www.nature.com/art
icles/35002148
3
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Mergers, Acquisitions, and Takeovers: What
Are the Differences?
• A merger is a strategy through which two firms agree to
integrate
their operations on a relatively coequal basis.
• An acquisition is a strategy through which one firm buys a
controlling, or 100 percent, interest in another firm with the
intent of
making the acquired firm a subsidiary business within its
portfolio.
• After the acquisition is completed, the management of the
acquired firm
reports to the management of the acquiring firm.
• A takeover is a special type of acquisition where the target
firm
does not solicit the acquiring firm’s bid; thus, takeovers are
unfriendly acquisitions.
• Acquisitions are more common that mergers and takeovers.
4
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Reasons for Acquisitions
• Firms use acquisition strategies to:
• Increase market power
• Overcome entry barriers
• Avoid the costs of developing new
products and Reduce the risk of entering
a new business
• Become more diversified
• Reshape their competitive scope by
developing a different portfolio of
businesses
• Enhance their learning as the foundation
for developing new capabilities
Deloitte acquires
Bistech,
Toyota
acquires
Revolution
Software
Services
5
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Increased Market Power (1/3)
• Market power exists when either:
• A firm is able to sell its goods or services above competitive
levels.
• The costs of a firm’s primary or support activities are lower
than those of
its competitors.
• Market power is usually derived from:
• The size of the firm
• The quality of the resources it uses to compete
• Its share of the market(s) in which it competes
• Greater market power through buying a competitor, a supplier,
a
distributor, or a business in a highly related industry so that a
core
competence can be used
Porter 5 Forces!!
Amaysim acquires OVO (mobile
virtual network operator)
Adds 77000 subscriber
Vodafone
acquires
TPG
6
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Increased Market Power (2/3)
• To increase market power, firms use:
• Horizontal acquisitions
• Vertical acquisitions
• Related acquisitions
• These three types of acquisitions are subject to regulatory
review by
the government.
Horizontal Acquisitions
• The acquisition of a company competing in the same industry
as the
acquiring firm is a horizontal acquisition.
• Horizontal acquisitions:
• Increase a firm’s market power by exploiting cost-based and
revenue-
based synergies
• Result in higher performance when the firms have similar
characteristics
7
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Increased Market Power (3/3)
Vertical Acquisitions
• A vertical acquisition refers to a firm acquiring a supplier or
distributor of one or more of its products.
• Through a vertical acquisition, the newly formed firm controls
additional parts of the value chain, which leads to increased
market
power.
Related Acquisitions
• Acquiring a firm in a highly related industry is called a related
acquisition.
• Through a related acquisition, firms seek to create value
through the
synergy that can be generated by integrating resources and
capabilities.
8
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Overcoming Entry Barriers
• Barriers to entry are factors associated with a market, or the
firms
currently operating in it, that increase the expense and difficulty
new
firms encounter when trying to enter a particular market.
• Examples: Economies of scale and customer loyalty
• The higher the barriers to entry, the greater the probability
that a firm
will acquire an existing firm to overcome them.
Cross-Border Acquisitions
• Acquisitions made between companies with headquarters in
different countries are called cross-border acquisitions.
• Cross-border acquisitions can be difficult to implement due to
various obstacles and differences in foreign cultures.
BAT
acquired
Reynold American (2016)
9
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Cost of New Product Development
and Increased Speed to Market (1/2)
Internal product development is often perceived as
a high-risk activity.
Many firms are not able to achieve adequate returns
compared to the amount of capital they invest to
develop and commercialize the product.
Quick entry is a key if
opportunity is perishable
Astrazeneca acquired Alexion
Pharma (rare diseases drugs)
for $39bn
10
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Cost of New Product Development
and Increased Speed to Market (2/2)
• An acquisition strategy allows a firm to gain
access to new products and to current products
that are new to it.
• Compared with internal product development
processes, acquisitions provide:
• More predictable returns
• This is because the performance of the acquired firm’s
products
can be assessed prior to completing the acquisition.
• Faster market entry
11
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Increased Diversification
• It is relatively uncommon for a firm to develop new
products internally to diversify its product lines.
• It is difficult for companies to develop products that differ
from
the current lines for markets in which they lack experience.
• Acquisition strategies can be used to support the use of
both related and unrelated diversification strategies.
• The more related the acquired firm is to the acquiring firm,
the
greater is the probability that the acquisition will be successful.
• Thus, horizontal acquisitions and related acquisitions tend to
contribute more to the firm’s strategic competitiveness than do
acquisitions of companies operating in product markets that
differ
from those in which the acquiring firm competes.
12
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Reshaping the Firm’s Competitive Scope
• To reduce the negative effect of an intense
rivalry on financial performance, firms may use
acquisitions to lessen their product and/or
market dependencies.
• Reducing a company’s dependence on specific
products or markets shapes the firm’s competitive
scope.
13
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Problems in Achieving Acquisition Success
• The difficulty of INTEGRATION
• Incorrectly EVALUATION
• DEBT loads
• Overestimating synergy potential
• Too much diversification
14
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Integration Difficulties
• Resistance because of cultural clashes and organizational
politics
• Meld two or more unique corporate cultures
• Link different financial and information control systems
• Build effective working relationships (particularly when
management
styles differ)
• Determine the leadership structure and those who will fill it
for the
integrated firm
15
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Inadequate Evaluation of Target
• Due diligence is a process through which a potential
acquirer evaluates a target firm for acquisition.
• Financing for the intended transaction
• Tax consequences of the transaction
• Actions that would be necessary to successfully meld the two
workforces
• When conducting due diligence, companies almost
always work with intermediaries, such as a large
investment bank, to facilitate their due-diligence efforts.
16
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
• Due diligence should:
• Accuracy of the financial position of the target
• Strategic fit between the two companies
• Commonly, firms are willing to pay a premium to acquire
a company they believe will increase their ability to earn
above-average returns.
Inadequate Evaluation of Target
17
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Large or Extraordinary Debt
• Large or extraordinary debt can result from:
• Bidding wars
• Paying a large premium
• Executives sometimes pay a large premium because they
are influenced by:
• Hubris - excessive pride
• Escalation of commitment to complete a particular transaction
• Self-interest
18
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Inability to Achieve Synergy
• Synergy exists when the value created by units working
together
exceeds the value that those units could create working
independently.
• Synergy is created by:
• The efficiencies derived from economies of scale
• The efficiencies derived from economies of scope
• Sharing resources (e.g., human capital and knowledge) across
the
businesses in the newly created firm’s portfolio
19
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Too Much Diversification
• Lack of experience/learning curve
• Overdiversification can negatively affect a firm’s overall
performance.
• The scope created by additional amounts of diversification
often
causes managers to rely on financial, rather than strategic,
controls to evaluate business units’ performance.
• Using financial controls causes managers to focus on
generating
short-term profits at the expense of long-term investments.
• Costs associated with acquisitions may result in fewer
allocations to activities that are linked to internal innovation.
20
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Reasons for
Acquisitions
and
Problems in
Achieving
Success
21
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Effective Acquisitions
• Firms have complementary resources, foundation for
developing new
capabilities.
• The acquisition is friendly, thereby facilitating integration of
the firm’s
resources.
• Purchase on the basis of due-diligence process.
• Rationalization to maintain a low or moderate level of debt by
downsizing or Downscoping
• R&D and innovation are emphasized in the new firm.
22
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Attributes of Successful Acquisitions
Attributes Results
1. Assets or resources that are
complementary
1. High probability of synergy and
competitive advantage
2. Faster and more effective integration
and possibly lower premiums
2. Acquisition is friendly
3. Ddue diligence to select target firms
and evaluate the firm’s health
(financial, cultural, and human
resources)
3. Firms with strongest
complementarities are acquired and
overpayment is avoided
23
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Attributes Results
4. Financing (debt or equity) is easier
and less costly to obtain
4. Acquiring firm has financial slack
(cash or a favorable debt position)
5. Merged firm maintains low to
moderate debt position
5. Lower financing cost, lower risk
(e.g., of bankruptcy), and avoidance
of trade-offs that are associated
with high debt
6. Acquiring firm maintains long-term
competitive advantage in markets
6. Acquiring firm has a sustained and
consistent emphasis on R&D and
innovation
7. Acquiring firm manages change
well and is flexible and adaptable
7. Faster and more effective
integration facilitates achievement
of synergy
Attributes of Successful Acquisitions
24
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Restructuring – Retrenchment Strategy
• Restructuring is a strategy through which a firm changes its
set of
businesses or its financial structure.
• Commonly, firms focus on fewer products and markets
following
restructuring.
• Restructuring strategies are:
• Generally used to deal with acquisitions that are not reaching
expectations
• Sometimes used because of changes detected in the external
environment by the firm
• Firms use three types of restructuring strategies:
1. Downsizing
2. Downscoping
3. Leveraged buyouts
25
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Downsizing
• Reduction in the number of a firm’s employees, in the
number of its operating units.
• Strategy to adjust firm size, not necessarily a sign of
decline.
• Intentional managerial strategy for improving firm
performance.
• Rationalizing resources to retain and resources to eliminate.
• Organizational decline is an unintentional outcome of what
turned
out to be a firm’s ineffective competitive actions.
• With organizational decline, firms lose access to an array of
resources,
many of which are critical to current and future performance.
26
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Downscoping
• Downscoping refers to divestiture, spin-off, or
some other means of eliminating businesses
that are unrelated to a firm’s core businesses.
• Downscoping:
• more positive effect on firm performance than does
downsizing
• Causes firms to refocus on their core business
• Is often used with downsizing simultaneously
27
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Restructuring and Outcomes
28
Copyright ©2016 Cengage Learning. Al l Rights Reserved.
May not be scanned, copied or dupl icated, or posted to a publ
icly acce ssible website, in whole or in part. CB7 | CH3
Thank you
CDU Business School
Lesson 09 Strategic considerations -
Innovation and NPD
Reading: review chapters
7, 8 and 9
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
Incremental vs.
radical innovation?
(& NPD)
Innovation - why bother?
What are they?
Examples of each?
Leader vs. follower innovation strategies
Technological leadership
First-mover advantage may be achieved by:
• Patent protection – where possible
• Secrecy and advances in the product
innovation learning curve
Value chain strategies
The market pioneer may be in a position to:
• Pre-empt sources of supply
• Shape the way the product is distributed
• Establish close relationships or strategic
alliances with distribution partners
Take-over
Let the pioneer take all the risks then
acquire the skills, patents, learning curve
Follower
Capitalise on mistakes made by the pioneer
Leapfrog the pioneer by perfecting the
processes:
• lower price due to economies of scale
• a technologically superior product /
superior product quality
• superior product positioning – value
proposition / segmentation
• superior customer service
• Superior marketing
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
Seven dimensions of NPD best practice
See chapter 9 of the unit
text for greater detail
Process,
research, metrics
are all closely
inter-related
The innovation strategy dimension
• NPD is considered within the context of
the organisation’s mission and vision and
long-term strategic planning processes
• Considered to be an ongoing process
• Focus on maintaining the right balance for
the innovation portfolio
Examples of
companies that are
(not) innovative
Company culture
• A focus on fostering innovation
• Innovation a core and
continuous process
• Top-management support
• Cross-company alliances
• Collaborative partnerships and
alliances
Project climate
• Appointment of dedicated,
accountable and empowered
cross-functional teams
• Teams are typically specialists
in R&D, engineering,
manufacturing/production and
marketing
Commercialisation
• Strategy, e.g., Brand extension
• Implementation - three phases:
• Pre-launch
• Launch
• Post launch
Interactionist communication model
Where sender and receiver play equal roles it is more likely to
result in
developing products that match motives, values & lifestyle
CULTURAL CONTEXT
1 2
Self / Other
Other / Self
Object of communication
Process
• Idea generation and
development
• Concept testing and refining
• Incremental improvement
Process, research, & metrics
NPD research
Combination of traditional and
contemporary research techniques:
• Brainstorming, focus groups,
Delphi, customer visits, conjoint
analysis ethnography, lead user
processes, crowdsourcing and
open innovation
Metrics & performance
• A focus on performance goals:
• Metrics for each stage of the NPD
process:
• Concept generation & testing
• Launch & post-launch performance
monitoring and review
Evaluate brand value
and track the brand
performance (BHT)
Concept
development &
testing
The process dimension
Idea
generation
Concept
development
& testing Product
improvement
The fuzzy-front end of innovation
Idea
generation
Concept
development
& testing
More advanced innovation themes
Problems &
innovative solutions
Barriers to innovation
diffusion
Unintended negative
consequence of innovation
Increasing
complexity
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
For the product (which includes service
aspects), & packaging elements of
the mix it is CRITICAL TO SATISFY
CUSTOMER NEEDS…
Clear competitive advantage can be
gained in this regard.
Consequently there are well
defined approaches for
understanding MOTIVES, VALUES
& LIFESTYLES
Focus groups and ethnographic research
are particularly effective in this regard
http://www.youtube.com/watch?v=9tHgNXzS2EY
http://www.youtube.com/watch?v=9tHgNXzS2EY
Physiological Needs
(food, water, air, shelter, sex)
Safety and Security Needs
(protection, order, stability)
Social Needs
(affection, friendship, belonging)
Maslow’s hierarchy of needs
Ego Needs
(prestige, status, self-esteem)
Self-
Actualisation
(self-fulfillment)
Lower order needs must
be satisfied first.
The least satisfied need
is the most motivating
SEGMENTATION &
POSITIONING
APPLICATIONS –
Many products (&
ads) seek to satisfy
particular needs in
the hierarchy ….
Much research (QUAL) in particular also seeks
to identify different orders or levels of need
Types of motivation
• POSITIVE MOTIVATION - driving force towards some
object or condition (e.g., a university degree) often
referred to as an APPROACH object
• NEGATIVE MOTIVATION - driving force away from
some object or condition (e.g., unemployment) thus
sometimes referred to as an AVOIDANCE object
http://www.youtube.com/watch?v=Iew6JNJcfFM
• The consumption of certain brands or products can
also contradict or conflict with other motives / goals…
• Suppliers seek to reduce conflict to increase
consumption of their brands.
http://www.youtube.com/watch?v=Iew6JNJcfFM
Research (QUAL in
particular) seeks to
establish sources of
positive & negative
motivation, as well as
conflicting motives.
“Just like a Mars, only red”
“Legendary taste half the fat”
How does research establish
sources of motivational
conflict?
What are all the
reasons people
have for eating
at McDonald’s
& what are all
the reasons
people have for
NOT eating at
McDonald’s
What are all the
things you like
about petrol?
& what are all the
things you don’t
like about it?
http://www.creativereview.co.uk/crblog/wp-
content/uploads/2007/11/01-bp-ultimate-a1-lessemiss.jpg
Irrational logic – but it works?
S 400 BlueHYBRID the world's most economical luxury saloon
…. fuel consumption a mere 7.9 litres per 100 kilometres.
What conflict is
being reduced
here?2015 emissions
fraud!
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
Product research – concept testing
– can be a qual’ or quant’ approach…
DESCRIBE / SHOW NEW PROD with proposed mix elements,
e.g., price, then
probe on
– Likes and dislikes
– Easy to understand
– How interested in buying
• if not why not
- Product meant for?
– How you feel about its VALUE
• if poor how much WILLING TO PAY
– Rate in terms of being DIFFERENT from other products
– How BELIEVABLE is the new product idea
Approach aims to:
• establish potential market
• tweak / modify the concept
40
30
25
30
35
25
5 5
0
10
20
30
40
50
Like idea a
lot
Concept
easy to
understand
Concept
believable
Will buy at
$20
Will
definitely
use in
future
Meant for
people like
me
Same as
other
products
Does NOT
appeal to
me
% Overall top box
Fictitious new product concept rating
(top box / strongly agree %)
Base : 400
%
top
box
4.5
4.2
4
3.8
4.1
3
3.9
1
2
3
4
5
A B C D E F G
Malaria drug satisfaction rating
Fictitious case malaria drug patient
satisfaction scores
Satisfaction: 1= Extremely dissatisfied 5= Extremely satisfied
M
e
a
n
r
a
ti
n
g
Base: 1500 overall.
Good for benchmarking a brand’s relative market appeal v.
competition… Indicates degree to
which a product might improve relative to competition
?
Fictitious case Malaria drug A likes
40
40
30
20
20
15
20
0 10 20 30 40
Effective treatment
Cheap
Easily available
Easy to take
Can be taken without
food
Can repeat dose after
vomiting
Clear instructions
Likes % Base: 1500 respondents
Simple dislikes and dislikes can give key pointers for product
enhancement
Fictitious case Malaria drug F dislikes
50
35
25
20
15
10
25
0 10 20 30 40 50
Expensive
Taste
Not readily available
Unsuitable for children
Can cause vomiting / nausea
May not feel like eating
Side effects
Dislikes %
Base: 1500 respondents
Examining drug F DISLIKES against the LIKES of best in class
helps
to reveal areas for improvement / attention
How
does F
compete
with A?
Product research – Gap analysis
‘Development News Website’ performance v. importance
ratings
65 65
54 51
43
3839
72
55
45
35 32
0
20
40
60
80
100
Objective and
accurate reporting
Focus on
humanitarian
issues
Focus on Africa Making you aware
of new
humanitarian
issues
Up to the minute
information
Country profiles
Importance Performance
Top
box
%
Importance rated 1 to 5 where 1 = not important & 5 =
absolutely essential
Performance rated 1 to 5 where 1 = very poor and 5 = very good
Mean ratings appear in the blue boxes / Top box % in the bar
chart
Base : 1500 Development website users
Describe the type of attitude information presented and how it
can be used.
Describe the data & what the company might do
http://www.irinnews.org/
http://www.irinnews.org/
CDU Business School
Lesson 09 Strategic considerations -
Innovation and NPD
Reading: review chapters
7, 8 and 9
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
Incremental vs.
radical innovation?
(& NPD)
Innovation - why bother?
What are they?
Examples of each?
Leader vs. follower innovation strategies
Technological leadership
First-mover advantage may be achieved by:
• Patent protection – where possible
• Secrecy and advances in the product
innovation learning curve
Value chain strategies
The market pioneer may be in a position to:
• Pre-empt sources of supply
• Shape the way the product is distributed
• Establish close relationships or strategic
alliances with distribution partners
Take-over
Let the pioneer take all the risks then
acquire the skills, patents, learning curve
Follower
Capitalise on mistakes made by the pioneer
Leapfrog the pioneer by perfecting the
processes:
• lower price due to economies of scale
• a technologically superior product /
superior product quality
• superior product positioning – value
proposition / segmentation
• superior customer service
• Superior marketing
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
Seven dimensions of NPD best practice
See chapter 9 of the unit
text for greater detail
Process,
research, metrics
are all closely
inter-related
The innovation strategy dimension
• NPD is considered within the context of
the organisation’s mission and vision and
long-term strategic planning processes
• Considered to be an ongoing process
• Focus on maintaining the right balance for
the innovation portfolio
Examples of
companies that are
(not) innovative
Company culture
• A focus on fostering innovation
• Innovation a core and
continuous process
• Top-management support
• Cross-company alliances
• Collaborative partnerships and
alliances
Project climate
• Appointment of dedicated,
accountable and empowered
cross-functional teams
• Teams are typically specialists
in R&D, engineering,
manufacturing/production and
marketing
Commercialisation
• Strategy, e.g., Brand extension
• Implementation - three phases:
• Pre-launch
• Launch
• Post launch
Interactionist communication model
Where sender and receiver play equal roles it is more likely to
result in
developing products that match motives, values & lifestyle
CULTURAL CONTEXT
1 2
Self / Other
Other / Self
Object of communication
Process
• Idea generation and
development
• Concept testing and refining
• Incremental improvement
Process, research, & metrics
NPD research
Combination of traditional and
contemporary research techniques:
• Brainstorming, focus groups,
Delphi, customer visits, conjoint
analysis ethnography, lead user
processes, crowdsourcing and
open innovation
Metrics & performance
• A focus on performance goals:
• Metrics for each stage of the NPD
process:
• Concept generation & testing
• Launch & post-launch performance
monitoring and review
Evaluate brand value
and track the brand
performance (BHT)
Concept
development &
testing
The process dimension
Idea
generation
Concept
development
& testing Product
improvement
The fuzzy-front end of innovation
Idea
generation
Concept
development
& testing
More advanced innovation themes
Problems &
innovative solutions
Barriers to innovation
diffusion
Unintended negative
consequence of innovation
Increasing
complexity
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
For the product (which includes service
aspects), & packaging elements of
the mix it is CRITICAL TO SATISFY
CUSTOMER NEEDS…
Clear competitive advantage can be
gained in this regard.
Consequently there are well
defined approaches for
understanding MOTIVES, VALUES
& LIFESTYLES
Focus groups and ethnographic research
are particularly effective in this regard
http://www.youtube.com/watch?v=9tHgNXzS2EY
http://www.youtube.com/watch?v=9tHgNXzS2EY
Physiological Needs
(food, water, air, shelter, sex)
Safety and Security Needs
(protection, order, stability)
Social Needs
(affection, friendship, belonging)
Maslow’s hierarchy of needs
Ego Needs
(prestige, status, self-esteem)
Self-
Actualisation
(self-fulfillment)
Lower order needs must
be satisfied first.
The least satisfied need
is the most motivating
SEGMENTATION &
POSITIONING
APPLICATIONS –
Many products (&
ads) seek to satisfy
particular needs in
the hierarchy ….
Much research (QUAL) in particular also seeks
to identify different orders or levels of need
Types of motivation
• POSITIVE MOTIVATION - driving force towards some
object or condition (e.g., a university degree) often
referred to as an APPROACH object
• NEGATIVE MOTIVATION - driving force away from
some object or condition (e.g., unemployment) thus
sometimes referred to as an AVOIDANCE object
http://www.youtube.com/watch?v=Iew6JNJcfFM
• The consumption of certain brands or products can
also contradict or conflict with other motives / goals…
• Suppliers seek to reduce conflict to increase
consumption of their brands.
http://www.youtube.com/watch?v=Iew6JNJcfFM
Research (QUAL in
particular) seeks to
establish sources of
positive & negative
motivation, as well as
conflicting motives.
“Just like a Mars, only red”
“Legendary taste half the fat”
How does research establish
sources of motivational
conflict?
What are all the
reasons people
have for eating
at McDonald’s
& what are all
the reasons
people have for
NOT eating at
McDonald’s
What are all the
things you like
about petrol?
& what are all the
things you don’t
like about it?
http://www.creativereview.co.uk/crblog/wp-
content/uploads/2007/11/01-bp-ultimate-a1-lessemiss.jpg
Irrational logic – but it works?
S 400 BlueHYBRID the world's most economical luxury saloon
…. fuel consumption a mere 7.9 litres per 100 kilometres.
What conflict is
being reduced
here?2015 emissions
fraud!
Overview
• Innovation strategy
– Incremental innovation vs radical innovation
– Innovation dimensions and process
• NPD research
– Idea generation and understanding need & motivation
– Product concept testing
– Evaluating & improving products
Product research – concept testing
– can be a qual’ or quant’ approach…
DESCRIBE / SHOW NEW PROD with proposed mix elements,
e.g., price, then
probe on
– Likes and dislikes
– Easy to understand
– How interested in buying
• if not why not
- Product meant for?
– How you feel about its VALUE
• if poor how much WILLING TO PAY
– Rate in terms of being DIFFERENT from other products
– How BELIEVABLE is the new product idea
Approach aims to:
• establish potential market
• tweak / modify the concept
40
30
25
30
35
25
5 5
0
10
20
30
40
50
Like idea a
lot
Concept
easy to
understand
Concept
believable
Will buy at
$20
Will
definitely
use in
future
Meant for
people like
me
Same as
other
products
Does NOT
appeal to
me
% Overall top box
Fictitious new product concept rating
(top box / strongly agree %)
Base : 400
%
top
box
4.5
4.2
4
3.8
4.1
3
3.9
1
2
3
4
5
A B C D E F G
Malaria drug satisfaction rating
Fictitious case malaria drug patient
satisfaction scores
Satisfaction: 1= Extremely dissatisfied 5= Extremely satisfied
M
e
a
n
r
a
ti
n
g
Base: 1500 overall.
Good for benchmarking a brand’s relative market appeal v.
competition… Indicates degree to
which a product might improve relative to competition
?
Fictitious case Malaria drug A likes
40
40
30
20
20
15
20
0 10 20 30 40
Effective treatment
Cheap
Easily available
Easy to take
Can be taken without
food
Can repeat dose after
vomiting
Clear instructions
Likes % Base: 1500 respondents
Simple dislikes and dislikes can give key pointers for product
enhancement
Fictitious case Malaria drug F dislikes
50
35
25
20
15
10
25
0 10 20 30 40 50
Expensive
Taste
Not readily available
Unsuitable for children
Can cause vomiting / nausea
May not feel like eating
Side effects
Dislikes %
Base: 1500 respondents
Examining drug F DISLIKES against the LIKES of best in class
helps
to reveal areas for improvement / attention
How
does F
compete
with A?
Product research – Gap analysis
‘Development News Website’ performance v. importance
ratings
65 65
54 51
43
3839
72
55
45
35 32
0
20
40
60
80
100
Objective and
accurate reporting
Focus on
humanitarian
issues
Focus on Africa Making you aware
of new
humanitarian
issues
Up to the minute
information
Country profiles
Importance Performance
Top
box
%
Importance rated 1 to 5 where 1 = not important & 5 =
absolutely essential
Performance rated 1 to 5 where 1 = very poor and 5 = very good
Mean ratings appear in the blue boxes / Top box % in the bar
chart
Base : 1500 Development website users
Describe the type of attitude information presented and how it
can be used.
Describe the data & what the company might do
http://www.irinnews.org/
http://www.irinnews.org/
Assessment 3 Rubric
Assignment 3: Organic and inorganic growth strategies
Levels of Achievement
Criteria High Distinction Distinction Credit Pass Fail
Introduction 85.00 to 100.00
%
Excellent, concise
introduction, that
covers the
assignment
structure,
description of the
marketing
strategy process,
and target
market.
75.00 to 84.00 %
Good
introduction,that
covers the
assignment
structure,
description of the
marketing strategy
process, and target
market.
60.00 to 74.00 %
Reasonable
introduction, that
covers the
assignment
structure, and
description of the
marketing
strategy process.
50.00 to 59.00
%
Limited
introduction
that covers
some of the
required aspects
- the assignment
structure.
description of
the marketing
strategy
process.
0.00 to 49.00 %
Inadequate -
does not cover
the required
aspects.
Assessment of
Market
Potential
85.00 to 100.00
%
Excellent
explanation of
target market
potential with
data cited from
credible sources
used to calculate
market potential.
75.00 to 84.00 %
Good explanation of
target market
potential with data
from credible
sources.
60.00 to 74.00 %
Reasonable
explanation of
target market
potential.
50.00 to 59.00
%
An attempt to
calculate target
market potential
with limited
information
provided.
0.00 to 49.00 %
Inadequate
information on
target market
potential.
Name
Description
Rubric Detail
Weight
5.00%
Weight
15.00%
S222 BUS304 EVIDENCE BASED STRATEGY CREATION
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=...
1 of 4 22/08/2022, 10:13 am
Levels of Achievement
Criteria High Distinction Distinction Credit Pass Fail
Growth
Strategies
85.00 to 100.00
%
Excellent
description of the
market
opportunity for
organic and
inorganic growth.
Thorough
re�ection on all
strategies related
to organic and
inorganic growth
with clearly
stated objectives
and possible
strategies.
75.00 to 84.00 %
Good description of
the market
opportunity for
organic and
inorganic growth.
Thorough re�ection
on all strategies
related to organic
and inorganic growth
with clearly stated
objectives.
60.00 to 74.00 %
Reasonable
description of the
market
opportunity for
organic and
inorganic growth.
Thorough
re�ection on all
strategies related
to organic and
inorganic growth.
50.00 to 59.00
%
Some relevant
description of
the market
opportunity for
organic and
inorganic
growth.
0.00 to 49.00 %
Minimal relevant
description
description of the
market
opportunity for
organic and
inorganic growth.
Restructuring
Moves
85.00 to 100.00
%
Excellent
explanation of
areas in need of
downsizing and
down-scoping
justi�ed with
relevant data and
supported with
BCG matrix
results.
75.00 to 84.00 %
A good attempt to
explain the areas in
need of downsizing
and down-scoping
justi�ed with
relevant data.
60.00 to 74.00 %
Reasonable
attempt at
explanation of
areas in need of
downsizing and
down-scoping.
50.00 to 59.00
%
Limited attempt
explanation of
areas in need of
downsizing and
down-scoping.
0.00 to 49.00 %
Inadequate
attempt at
explanation of
restructuring
moves.
Weight
30.00%
Weight
20.00%
S222 BUS304 EVIDENCE BASED STRATEGY CREATION
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=...
2 of 4 22/08/2022, 10:13 am
Levels of Achievement
Criteria High Distinction Distinction Credit Pass Fail
Cooperative
Strategies
85.00 to 100.00
%
Excellent
description of
cooperative
strategies
including
strategic
alliances,
franchising
opportunities
and network
cooperation with
each justi�ed in
the light of
targeted
objectives and
cooperating �rms
in view.
75.00 to 84.00 %
Good description of
cooperative
strategies including
strategic alliances,
franchising
opportunities and
network cooperation
with each justi�ed in
the light of targeted
objectives.
60.00 to 74.00 %
Reasonable
description of
cooperative
strategies
including
strategic
alliances,
franchising
opportunities and
network
cooperation.
50.00 to 59.00
%
Limited
description of
cooperative
strategies.
0.00 to 49.00 %
Inadequate
description of
cooperative
strategies.
Report
presentation,
structure,
format, as
well as
appropriate
resources and
referencing
85.00 to 100.00
%
Follows academic
rules of writing.
Clear and logical
structure with
appropriate
headings and
section lengths.
Excellent writing
style with proper
use of grammar
and spell
75.00 to 84.00 %
Generally follows
academic rules of
writing. Clear and
logical structure with
appropriate
headings and section
lengths. E�ective
writing style with
proper use of
grammar and spell
checked.
Appropriate sources
60.00 to 74.00 %
Some e�ort to
follow academic
rules of writing.
Reasonable
structure with
appropriate
headings and
section lengths.
Reasonable
writing style. In
the main a
proper use of
50.00 to 59.00
%
An attempt to
follow academic
rules of writing.
Appropriate
headings -
section lengths
and content
might be
improved.
Reasonable
writing style.
0.00 to 49.00 %
Adherence to
academic writing
rules has not
been
demonstrated.
Required format
has not been
followed.
Improper
referencing style
used, text has
been pasted in
Weight
20.00%
Weight
10.00%
S222 BUS304 EVIDENCE BASED STRATEGY CREATION
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=...
3 of 4 22/08/2022, 10:13 am
Levels of Achievement
Criteria High Distinction Distinction Credit Pass Fail
checked.
Appropriate
sources are used
and all are
accurately cited
and referenced
using a
consistent and
appropriate
format.
are used and most
are accurately cited
and referenced using
a consistent and
appropriate format.
grammar and
spell checked.
Appropriate
sources are used
and most are
cited and
referenced using
a consistent and
appropriate
format.
Grammar and
spelling might
be improved.
Additional
resources might
be used used.
Some attempt
at citing and
referencing.
Inconsistent
referencing
standards.
large slices
without relevance
and proper
recognition.
View Associated Items
Print Close Window
S222 BUS304 EVIDENCE BASED STRATEGY CREATION
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=...
4 of 4 22/08/2022, 10:13 am
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=course&rubricId=_24945_1&course
_id=_54126_1#
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=course&rubricId=_24945_1&course
_id=_54126_1#
javascript:associationListToggle( );
javascript:associationListToggle( );
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=course&rubricId=_24945_1&course
_id=_54126_1#
https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr
ics?dispatch=view&context=course&rubricId=_24945_1&course
_id=_54126_1#
Assessment Task 3 – BUS304
Evidence based strategy creation
ASSESSMENT TASK 3: Growth Stategies- Home Entertainment
Retail Industry
Value: 45%
Due Date: Sunday, Week 12
Length: 200-2500 Words (+10% MAX)
Assessment Description
Task: Assignment 3 builds upon the second assignment and
focuses on
developing strategies for growth and efficiency. In assignment 2
you
already considered relevant market characteristics and
identified key
challenges and opportunities for the industry players.
For assignment 3 you are required to suggest strategies for
growth using
organic and inorganic growth models, possible mergers and/or
acquisitions, appropriate retrenchment strategies to achieve
efficiency
and some cooperative strategies.
Preparation: In preparation, you should review the detailed
assignment instructions
in the Learnline assessment folder. Please don’t stress about the
assignment or attempt to start it before you have been given
further
instruction.
As the unit progresses, you will be guided through the
assignment, so it
will be important to engage with the assignment-related
activities.
You will also be guided as to the reading and resources you
should bring
into the assignment.
Presentation: Please keep to the word count and follow the
assignment instructions
closely, using the same headings. (Do not include an Executive
Summary).
Please indicate the number of words written in each section, as
well as
the total word count at the end.
You may attach appendices to provide context to your
assignment, but
please note that appendices do not contribute to the marks.
Please use a recognized journal-style referencing formats such
as
Harvard or APA. Be sure to consult the assignment rubric and
detailed
instructions in the Learnline assessment folder for more details.
Assessment Task 3 – BUS304
Evidence based strategy creation
NB. Please submit a Microsoft Word document and not a pdf.
Assessment criteria: For the purpose of this assignment, you
must demonstrate a
clear understanding of the business strategy and planning
process using the concepts and themes covered in the unit
lessons.
SPECIFIC DETAILS:
Assignment background and industry context
This assignment involves the development of strategies for
growth and efficiency. It will
improve your appreciation of the various growth and efficiency
models. In this assignment,
you will perform the same tasks undertaken by strategists at
functional (NPD, Market
Penetration and Market Development) and corporate levels
(Mergers and Acquisitions,
Restructuring, and Cooperative strategies) for growth and
maintaining the efficiency of a
business. More specifically, you will describe the strategic
rationale for possible organic and
inorganic growth strategies, restructuring approaches, and
cooperative moves to expand the
business as well as achieve efficiency for an improved bottom
line.
The challenging home entertainment retail marketing
environment has resulted in the
recent development of new-generation products, new market
segments, and possible
restructuring opportunities to achieve a variety of strategic
objectives. For Assignment 3 you
will focus on proposing some of such initiatives for your target
corporate brand.
Specific assignment tasks
Assignment 3 assumes that JB Hi-Fi Australia is considering
expanding its business in some
South Asian markets where it is not currently present (this is
just an assumption). You will
be required to choose ONE of these countries as a potential
‘target market’ and reflect on
the following with the help of data:
1. Conduct an assessment of the target market potential
2. Suggest possible growth strategies using models of market
penetration, new product
development, and market development
3. Identify potential merger and acquisition opportunities and
suggest strategies
4. Identify potential restructuring moves to gain efficiency
5. Suggest possible cooperative strategies
More specifically, your assignment should contain the following
headings/sections:
1. Introduction (approx. 250 words)
Introduce your assignment content. Describe the importance of
growth and
retrenchment strategies for business. Identify your target market
here (from
Assessment Task 3 – BUS304
Evidence based strategy creation
amongst the South Asian countries). Summarise your
assessment in this section and
identify assumptions, if any.
2. Assessment of Target Market Potential (400 words)
Conduct a target market potential assessment to justify your
choice. Week 8 lecture
slides on market penetration and market development provide a
framework for
developing market potential assessment.
3. Growth Strategies (approx. 700 words)
A. Organic Growth
This section describes how JB Hi-Fi Australia can take
advantage of various organic
growth strategies, including new product development, market
development and
market penetration, to expand and establish its business in the
targeted market.
Please note that more than one approach can be adopted
simultaneously to
promote various brand divisions in the portfolio. Justify your
choice with data or
based on literature related to the growth strategies.
B. Inorganic Growth
Reflect on the possibility of any merger and acquisition
opportunity and explain why
such a strategy may come in handy. Demonstrate the benefits
and suggest
precautionary measures to avoid failure of such strategy. Also,
identify target
companies for related and/or unrelated mergers/acquisitions.
4. Restructuring Moves (approx. 500 words)
Based on the assessment of JB Hi-Fi Australia brand portfolio,
identify areas for
downsizing and downscoping, and justify how would such a
strategy result in
improved profitability. BCG matrix analysis can be useful to
recognize such
opportunities.
5. Cooperative Strategies (approx. 500 words)
In order to be successful and to get a kick start in your targeted
market, suggest how
and with whom would you develop any strategic alliance or
enter into joint ventures.
Reflect on the type of strategic alliance(s) that might be
possible and rationalize how
they would benefit JB Hi-Fi Australia in its quick entry and
establishment in the new
market. You are free to select from other possible cooperative
strategies as well,
such as franchising, network cooperative strategy etc. Justify
your choice with the
objectives you intend to achieve with suggested cooperative
strategies.
6. Conclusion (approx. 150 words)
A brief overview that reiterates the importance of strategic
planning and stresses the
significance of implementing an effective strategy for business
success.
Assessment Task 3 – BUS304
Evidence based strategy creation
Assessment format
To successfully complete this assignment, you should prepare a
report that:
▪ Is a Microsoft Word document and not a pdf.
• Is well written and properly spell-checked and proof read.
• Follows the assignment instructions closely and uses the same
headings.
• Indicates the number of words written in each section, as well
as the total word
count.
• Uses a recognized business journal style of referencing format
such as Harvard or
APA.
• Is 2500 words long MAXIMUM (excluding figures,
appendices, bibliography - please
note that appendices do not contribute to the marks). There is a
considerable
amount to cover, so it will be important that you write clearly
and concisely.
Submission & mark allocation
The assignment must be submitted on time via Learnline.
% allocation of marks for this assignment is as follows:
Introduction 5
Assessment of Market Potential 15
Growth Strategies 30
Restructuring Moves 20
Cooperative Strategies 20
Report structure/presentation and effective referencing, citation,
and
evidence of adequate literature search
10
Total 100
(See Learnline for further details of assessment submission and
marking procedures/policy).
BREAST CANCER SCREENING · Describe the diagnostic or screeni.docx

More Related Content

Similar to BREAST CANCER SCREENING · Describe the diagnostic or screeni.docx

Chapter 9 cooperative strategy
Chapter 9 cooperative strategyChapter 9 cooperative strategy
Chapter 9 cooperative strategyDr. Lam D. Nguyen
 
Chapter 3Internal Analysis Distinctive Competencies, Competit
Chapter 3Internal Analysis Distinctive Competencies, CompetitChapter 3Internal Analysis Distinctive Competencies, Competit
Chapter 3Internal Analysis Distinctive Competencies, CompetitEstelaJeffery653
 
Strategy FormulationCorporate StrategyChapter 7Learni.docx
Strategy FormulationCorporate StrategyChapter 7Learni.docxStrategy FormulationCorporate StrategyChapter 7Learni.docx
Strategy FormulationCorporate StrategyChapter 7Learni.docxsusanschei
 
Diversification strategy ( megha and rakesh)
Diversification strategy ( megha and rakesh)Diversification strategy ( megha and rakesh)
Diversification strategy ( megha and rakesh)Rakesh Kumar
 
Management of Corporate growth
Management of Corporate growthManagement of Corporate growth
Management of Corporate growthRohan Monis
 
hitt13epptch04-200309153912.pptx
hitt13epptch04-200309153912.pptxhitt13epptch04-200309153912.pptx
hitt13epptch04-200309153912.pptxAbdiqadirOsman
 
Chapter 3- Strategic Marketing Planning Edited.pptx
Chapter 3- Strategic Marketing Planning Edited.pptxChapter 3- Strategic Marketing Planning Edited.pptx
Chapter 3- Strategic Marketing Planning Edited.pptxamanueltafese2
 
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)AnnettaColeman
 
Strategic formulation: corporate strategy
Strategic formulation: corporate strategyStrategic formulation: corporate strategy
Strategic formulation: corporate strategyBushraIram2
 
Chapter 4Business-Level Strategy© 2017 Cengage Learning. All.docx
Chapter 4Business-Level Strategy© 2017 Cengage Learning. All.docxChapter 4Business-Level Strategy© 2017 Cengage Learning. All.docx
Chapter 4Business-Level Strategy© 2017 Cengage Learning. All.docxrobertad6
 
Strategic management
Strategic managementStrategic management
Strategic managementShipra Yeeshu
 
Strategic Initiatives
Strategic InitiativesStrategic Initiatives
Strategic InitiativesLai En Xin
 
Adaptibility: the new competitive advantage
Adaptibility: the new competitive advantageAdaptibility: the new competitive advantage
Adaptibility: the new competitive advantageShwetanshu Gupta
 
Concepts of cost accouning afm
Concepts of cost accouning afmConcepts of cost accouning afm
Concepts of cost accouning afmSwethaTuniki1
 
0Chapter 1A Business MarketingPerspective©
0Chapter 1A Business MarketingPerspective©0Chapter 1A Business MarketingPerspective©
0Chapter 1A Business MarketingPerspective©VannaJoy20
 
Marketing Management Chapter 4 Targeting
Marketing Management Chapter 4 TargetingMarketing Management Chapter 4 Targeting
Marketing Management Chapter 4 TargetingDr. John V. Padua
 

Similar to BREAST CANCER SCREENING · Describe the diagnostic or screeni.docx (20)

Chapter 9 cooperative strategy
Chapter 9 cooperative strategyChapter 9 cooperative strategy
Chapter 9 cooperative strategy
 
Chapter 3Internal Analysis Distinctive Competencies, Competit
Chapter 3Internal Analysis Distinctive Competencies, CompetitChapter 3Internal Analysis Distinctive Competencies, Competit
Chapter 3Internal Analysis Distinctive Competencies, Competit
 
Strategy FormulationCorporate StrategyChapter 7Learni.docx
Strategy FormulationCorporate StrategyChapter 7Learni.docxStrategy FormulationCorporate StrategyChapter 7Learni.docx
Strategy FormulationCorporate StrategyChapter 7Learni.docx
 
Diversification strategy ( megha and rakesh)
Diversification strategy ( megha and rakesh)Diversification strategy ( megha and rakesh)
Diversification strategy ( megha and rakesh)
 
Management of Corporate growth
Management of Corporate growthManagement of Corporate growth
Management of Corporate growth
 
hitt13epptch04-200309153912.pptx
hitt13epptch04-200309153912.pptxhitt13epptch04-200309153912.pptx
hitt13epptch04-200309153912.pptx
 
Chapter 3- Strategic Marketing Planning Edited.pptx
Chapter 3- Strategic Marketing Planning Edited.pptxChapter 3- Strategic Marketing Planning Edited.pptx
Chapter 3- Strategic Marketing Planning Edited.pptx
 
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
 
Strategic formulation: corporate strategy
Strategic formulation: corporate strategyStrategic formulation: corporate strategy
Strategic formulation: corporate strategy
 
SBM18eCh03.ppt
SBM18eCh03.pptSBM18eCh03.ppt
SBM18eCh03.ppt
 
SBM18eCh03.ppt
SBM18eCh03.pptSBM18eCh03.ppt
SBM18eCh03.ppt
 
SBM18eCh03.ppt
SBM18eCh03.pptSBM18eCh03.ppt
SBM18eCh03.ppt
 
Chapter 4Business-Level Strategy© 2017 Cengage Learning. All.docx
Chapter 4Business-Level Strategy© 2017 Cengage Learning. All.docxChapter 4Business-Level Strategy© 2017 Cengage Learning. All.docx
Chapter 4Business-Level Strategy© 2017 Cengage Learning. All.docx
 
Strategic management
Strategic managementStrategic management
Strategic management
 
Strategic Initiatives
Strategic InitiativesStrategic Initiatives
Strategic Initiatives
 
mario report..pptx
mario report..pptxmario report..pptx
mario report..pptx
 
Adaptibility: the new competitive advantage
Adaptibility: the new competitive advantageAdaptibility: the new competitive advantage
Adaptibility: the new competitive advantage
 
Concepts of cost accouning afm
Concepts of cost accouning afmConcepts of cost accouning afm
Concepts of cost accouning afm
 
0Chapter 1A Business MarketingPerspective©
0Chapter 1A Business MarketingPerspective©0Chapter 1A Business MarketingPerspective©
0Chapter 1A Business MarketingPerspective©
 
Marketing Management Chapter 4 Targeting
Marketing Management Chapter 4 TargetingMarketing Management Chapter 4 Targeting
Marketing Management Chapter 4 Targeting
 

More from bartholomeocoombs

CompetencyAnalyze how human resource standards and practices.docx
CompetencyAnalyze how human resource standards and practices.docxCompetencyAnalyze how human resource standards and practices.docx
CompetencyAnalyze how human resource standards and practices.docxbartholomeocoombs
 
CompetencyAnalyze financial statements to assess performance.docx
CompetencyAnalyze financial statements to assess performance.docxCompetencyAnalyze financial statements to assess performance.docx
CompetencyAnalyze financial statements to assess performance.docxbartholomeocoombs
 
CompetencyAnalyze ethical and legal dilemmas that healthcare.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare.docxCompetencyAnalyze ethical and legal dilemmas that healthcare.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare.docxbartholomeocoombs
 
CompetencyAnalyze ethical and legal dilemmas that healthcare wor.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare wor.docxCompetencyAnalyze ethical and legal dilemmas that healthcare wor.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare wor.docxbartholomeocoombs
 
CompetencyAnalyze collaboration tools to support organizatio.docx
CompetencyAnalyze collaboration tools to support organizatio.docxCompetencyAnalyze collaboration tools to support organizatio.docx
CompetencyAnalyze collaboration tools to support organizatio.docxbartholomeocoombs
 
Competency Checklist and Professional Development Resources .docx
Competency Checklist and Professional Development Resources .docxCompetency Checklist and Professional Development Resources .docx
Competency Checklist and Professional Development Resources .docxbartholomeocoombs
 
Competency 6 Enagage with Communities and Organizations (3 hrs) (1 .docx
Competency 6 Enagage with Communities and Organizations (3 hrs) (1 .docxCompetency 6 Enagage with Communities and Organizations (3 hrs) (1 .docx
Competency 6 Enagage with Communities and Organizations (3 hrs) (1 .docxbartholomeocoombs
 
Competency 2 Examine the organizational behavior within busines.docx
Competency 2 Examine the organizational behavior within busines.docxCompetency 2 Examine the organizational behavior within busines.docx
Competency 2 Examine the organizational behavior within busines.docxbartholomeocoombs
 
CompetenciesEvaluate the challenges and benefits of employ.docx
CompetenciesEvaluate the challenges and benefits of employ.docxCompetenciesEvaluate the challenges and benefits of employ.docx
CompetenciesEvaluate the challenges and benefits of employ.docxbartholomeocoombs
 
CompetenciesDescribe the supply chain management principle.docx
CompetenciesDescribe the supply chain management principle.docxCompetenciesDescribe the supply chain management principle.docx
CompetenciesDescribe the supply chain management principle.docxbartholomeocoombs
 
CompetenciesABCDF1.1 Create oral, written, or visual .docx
CompetenciesABCDF1.1 Create oral, written, or visual .docxCompetenciesABCDF1.1 Create oral, written, or visual .docx
CompetenciesABCDF1.1 Create oral, written, or visual .docxbartholomeocoombs
 
COMPETENCIES734.3.4 Healthcare Utilization and Finance.docx
COMPETENCIES734.3.4  Healthcare Utilization and Finance.docxCOMPETENCIES734.3.4  Healthcare Utilization and Finance.docx
COMPETENCIES734.3.4 Healthcare Utilization and Finance.docxbartholomeocoombs
 
Competencies and KnowledgeWhat competencies were you able to dev.docx
Competencies and KnowledgeWhat competencies were you able to dev.docxCompetencies and KnowledgeWhat competencies were you able to dev.docx
Competencies and KnowledgeWhat competencies were you able to dev.docxbartholomeocoombs
 
Competencies and KnowledgeThis assignment has 2 parts.docx
Competencies and KnowledgeThis assignment has 2 parts.docxCompetencies and KnowledgeThis assignment has 2 parts.docx
Competencies and KnowledgeThis assignment has 2 parts.docxbartholomeocoombs
 
Competencies and KnowledgeThis assignment has 2 partsWhat.docx
Competencies and KnowledgeThis assignment has 2 partsWhat.docxCompetencies and KnowledgeThis assignment has 2 partsWhat.docx
Competencies and KnowledgeThis assignment has 2 partsWhat.docxbartholomeocoombs
 
Competences, Learning Theories and MOOCsRecent Developments.docx
Competences, Learning Theories and MOOCsRecent Developments.docxCompetences, Learning Theories and MOOCsRecent Developments.docx
Competences, Learning Theories and MOOCsRecent Developments.docxbartholomeocoombs
 
Compensation  & Benefits Class 700 words with referencesA stra.docx
Compensation  & Benefits Class 700 words with referencesA stra.docxCompensation  & Benefits Class 700 words with referencesA stra.docx
Compensation  & Benefits Class 700 words with referencesA stra.docxbartholomeocoombs
 
Compensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docxCompensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docxbartholomeocoombs
 
Compete the following tablesTheoryKey figuresKey concepts o.docx
Compete the following tablesTheoryKey figuresKey concepts o.docxCompete the following tablesTheoryKey figuresKey concepts o.docx
Compete the following tablesTheoryKey figuresKey concepts o.docxbartholomeocoombs
 
Compensation Strategy for Knowledge WorkersTo prepare for this a.docx
Compensation Strategy for Knowledge WorkersTo prepare for this a.docxCompensation Strategy for Knowledge WorkersTo prepare for this a.docx
Compensation Strategy for Knowledge WorkersTo prepare for this a.docxbartholomeocoombs
 

More from bartholomeocoombs (20)

CompetencyAnalyze how human resource standards and practices.docx
CompetencyAnalyze how human resource standards and practices.docxCompetencyAnalyze how human resource standards and practices.docx
CompetencyAnalyze how human resource standards and practices.docx
 
CompetencyAnalyze financial statements to assess performance.docx
CompetencyAnalyze financial statements to assess performance.docxCompetencyAnalyze financial statements to assess performance.docx
CompetencyAnalyze financial statements to assess performance.docx
 
CompetencyAnalyze ethical and legal dilemmas that healthcare.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare.docxCompetencyAnalyze ethical and legal dilemmas that healthcare.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare.docx
 
CompetencyAnalyze ethical and legal dilemmas that healthcare wor.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare wor.docxCompetencyAnalyze ethical and legal dilemmas that healthcare wor.docx
CompetencyAnalyze ethical and legal dilemmas that healthcare wor.docx
 
CompetencyAnalyze collaboration tools to support organizatio.docx
CompetencyAnalyze collaboration tools to support organizatio.docxCompetencyAnalyze collaboration tools to support organizatio.docx
CompetencyAnalyze collaboration tools to support organizatio.docx
 
Competency Checklist and Professional Development Resources .docx
Competency Checklist and Professional Development Resources .docxCompetency Checklist and Professional Development Resources .docx
Competency Checklist and Professional Development Resources .docx
 
Competency 6 Enagage with Communities and Organizations (3 hrs) (1 .docx
Competency 6 Enagage with Communities and Organizations (3 hrs) (1 .docxCompetency 6 Enagage with Communities and Organizations (3 hrs) (1 .docx
Competency 6 Enagage with Communities and Organizations (3 hrs) (1 .docx
 
Competency 2 Examine the organizational behavior within busines.docx
Competency 2 Examine the organizational behavior within busines.docxCompetency 2 Examine the organizational behavior within busines.docx
Competency 2 Examine the organizational behavior within busines.docx
 
CompetenciesEvaluate the challenges and benefits of employ.docx
CompetenciesEvaluate the challenges and benefits of employ.docxCompetenciesEvaluate the challenges and benefits of employ.docx
CompetenciesEvaluate the challenges and benefits of employ.docx
 
CompetenciesDescribe the supply chain management principle.docx
CompetenciesDescribe the supply chain management principle.docxCompetenciesDescribe the supply chain management principle.docx
CompetenciesDescribe the supply chain management principle.docx
 
CompetenciesABCDF1.1 Create oral, written, or visual .docx
CompetenciesABCDF1.1 Create oral, written, or visual .docxCompetenciesABCDF1.1 Create oral, written, or visual .docx
CompetenciesABCDF1.1 Create oral, written, or visual .docx
 
COMPETENCIES734.3.4 Healthcare Utilization and Finance.docx
COMPETENCIES734.3.4  Healthcare Utilization and Finance.docxCOMPETENCIES734.3.4  Healthcare Utilization and Finance.docx
COMPETENCIES734.3.4 Healthcare Utilization and Finance.docx
 
Competencies and KnowledgeWhat competencies were you able to dev.docx
Competencies and KnowledgeWhat competencies were you able to dev.docxCompetencies and KnowledgeWhat competencies were you able to dev.docx
Competencies and KnowledgeWhat competencies were you able to dev.docx
 
Competencies and KnowledgeThis assignment has 2 parts.docx
Competencies and KnowledgeThis assignment has 2 parts.docxCompetencies and KnowledgeThis assignment has 2 parts.docx
Competencies and KnowledgeThis assignment has 2 parts.docx
 
Competencies and KnowledgeThis assignment has 2 partsWhat.docx
Competencies and KnowledgeThis assignment has 2 partsWhat.docxCompetencies and KnowledgeThis assignment has 2 partsWhat.docx
Competencies and KnowledgeThis assignment has 2 partsWhat.docx
 
Competences, Learning Theories and MOOCsRecent Developments.docx
Competences, Learning Theories and MOOCsRecent Developments.docxCompetences, Learning Theories and MOOCsRecent Developments.docx
Competences, Learning Theories and MOOCsRecent Developments.docx
 
Compensation  & Benefits Class 700 words with referencesA stra.docx
Compensation  & Benefits Class 700 words with referencesA stra.docxCompensation  & Benefits Class 700 words with referencesA stra.docx
Compensation  & Benefits Class 700 words with referencesA stra.docx
 
Compensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docxCompensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docx
 
Compete the following tablesTheoryKey figuresKey concepts o.docx
Compete the following tablesTheoryKey figuresKey concepts o.docxCompete the following tablesTheoryKey figuresKey concepts o.docx
Compete the following tablesTheoryKey figuresKey concepts o.docx
 
Compensation Strategy for Knowledge WorkersTo prepare for this a.docx
Compensation Strategy for Knowledge WorkersTo prepare for this a.docxCompensation Strategy for Knowledge WorkersTo prepare for this a.docx
Compensation Strategy for Knowledge WorkersTo prepare for this a.docx
 

Recently uploaded

Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibitjbellavia9
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxmarlenawright1
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Pooja Bhuva
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSCeline George
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17Celine George
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Jisc
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...ZurliaSoop
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxEsquimalt MFRC
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxDr. Sarita Anand
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfSherif Taha
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfagholdier
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Pooja Bhuva
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...pradhanghanshyam7136
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...Poonam Aher Patil
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxJisc
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the ClassroomPooky Knightsmith
 

Recently uploaded (20)

Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdf
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
 

BREAST CANCER SCREENING · Describe the diagnostic or screeni.docx

  • 1. BREAST CANCER SCREENING · Describe the diagnostic or screening tool selected, its purpose, and what age group it targets. · Has it been specifically tested in this age group? · Next, discuss the predictive ability of the test. For instance, how do you know the test is reliable and valid? What are the reliability and validity values? What are the predictive values? Is it sensitive to measure what it has been developed to measure, for instance, HIV, or depression in older adults, or Lyme disease? Would you integrate this tool into your advanced practice based on the information you have read about the test, why or why not? 2. You should include a minimum of two (2) scholarly articles from the last five (5) years (3 is recommended). 3. Respond to a minimum of two (2) individuals, peer and/or faculty, with a scholarly and reflective post of a minimum of two (2) paragraphs of 4-5 sentences. A minimum of one (1) scholarly article should be utilized to support the post in addition to your textbook. 4. Your work should have in-text citations integrating at a minimum one scholarly article and the course textbook. APA format should be utilized to include a reference list. Correct grammar, spelling, and APA should be adhered to when writing, work should be scholarly without personalization or first - person use. image1.png School of Business
  • 2. BUS304 Evidence Based Strategy Creation WEEK 10 IN-ORGANIC GROWTH: MERGERS AND ACQUISITIONS 2 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 The Popularity of Merger and Acquisition Strategies ➢Merger and acquisition (M&A) strategies have been popular for many years. ➢M&A strategies: ➢Are being used with greater frequencies in many regions of the world today ➢Are used to try to create more value for all firm stakeholders ➢Are challenging to effectively implement GSK https://www.nature.com/art
  • 3. icles/35002148 3 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Mergers, Acquisitions, and Takeovers: What Are the Differences? • A merger is a strategy through which two firms agree to integrate their operations on a relatively coequal basis. • An acquisition is a strategy through which one firm buys a controlling, or 100 percent, interest in another firm with the intent of making the acquired firm a subsidiary business within its portfolio. • After the acquisition is completed, the management of the acquired firm reports to the management of the acquiring firm. • A takeover is a special type of acquisition where the target firm does not solicit the acquiring firm’s bid; thus, takeovers are
  • 4. unfriendly acquisitions. • Acquisitions are more common that mergers and takeovers. 4 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Reasons for Acquisitions • Firms use acquisition strategies to: • Increase market power • Overcome entry barriers • Avoid the costs of developing new products and Reduce the risk of entering a new business • Become more diversified • Reshape their competitive scope by developing a different portfolio of businesses • Enhance their learning as the foundation
  • 5. for developing new capabilities Deloitte acquires Bistech, Toyota acquires Revolution Software Services 5 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Increased Market Power (1/3) • Market power exists when either: • A firm is able to sell its goods or services above competitive levels. • The costs of a firm’s primary or support activities are lower than those of its competitors. • Market power is usually derived from: • The size of the firm • The quality of the resources it uses to compete
  • 6. • Its share of the market(s) in which it competes • Greater market power through buying a competitor, a supplier, a distributor, or a business in a highly related industry so that a core competence can be used Porter 5 Forces!! Amaysim acquires OVO (mobile virtual network operator) Adds 77000 subscriber Vodafone acquires TPG 6 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Increased Market Power (2/3) • To increase market power, firms use: • Horizontal acquisitions
  • 7. • Vertical acquisitions • Related acquisitions • These three types of acquisitions are subject to regulatory review by the government. Horizontal Acquisitions • The acquisition of a company competing in the same industry as the acquiring firm is a horizontal acquisition. • Horizontal acquisitions: • Increase a firm’s market power by exploiting cost-based and revenue- based synergies • Result in higher performance when the firms have similar characteristics 7 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Increased Market Power (3/3) Vertical Acquisitions
  • 8. • A vertical acquisition refers to a firm acquiring a supplier or distributor of one or more of its products. • Through a vertical acquisition, the newly formed firm controls additional parts of the value chain, which leads to increased market power. Related Acquisitions • Acquiring a firm in a highly related industry is called a related acquisition. • Through a related acquisition, firms seek to create value through the synergy that can be generated by integrating resources and capabilities. 8 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Overcoming Entry Barriers • Barriers to entry are factors associated with a market, or the firms
  • 9. currently operating in it, that increase the expense and difficulty new firms encounter when trying to enter a particular market. • Examples: Economies of scale and customer loyalty • The higher the barriers to entry, the greater the probability that a firm will acquire an existing firm to overcome them. Cross-Border Acquisitions • Acquisitions made between companies with headquarters in different countries are called cross-border acquisitions. • Cross-border acquisitions can be difficult to implement due to various obstacles and differences in foreign cultures. BAT acquired Reynold American (2016) 9 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Cost of New Product Development
  • 10. and Increased Speed to Market (1/2) Internal product development is often perceived as a high-risk activity. Many firms are not able to achieve adequate returns compared to the amount of capital they invest to develop and commercialize the product. Quick entry is a key if opportunity is perishable Astrazeneca acquired Alexion Pharma (rare diseases drugs) for $39bn 10 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Cost of New Product Development and Increased Speed to Market (2/2) • An acquisition strategy allows a firm to gain access to new products and to current products that are new to it.
  • 11. • Compared with internal product development processes, acquisitions provide: • More predictable returns • This is because the performance of the acquired firm’s products can be assessed prior to completing the acquisition. • Faster market entry 11 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Increased Diversification • It is relatively uncommon for a firm to develop new products internally to diversify its product lines. • It is difficult for companies to develop products that differ from the current lines for markets in which they lack experience. • Acquisition strategies can be used to support the use of both related and unrelated diversification strategies.
  • 12. • The more related the acquired firm is to the acquiring firm, the greater is the probability that the acquisition will be successful. • Thus, horizontal acquisitions and related acquisitions tend to contribute more to the firm’s strategic competitiveness than do acquisitions of companies operating in product markets that differ from those in which the acquiring firm competes. 12 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Reshaping the Firm’s Competitive Scope • To reduce the negative effect of an intense rivalry on financial performance, firms may use acquisitions to lessen their product and/or market dependencies. • Reducing a company’s dependence on specific products or markets shapes the firm’s competitive scope.
  • 13. 13 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Problems in Achieving Acquisition Success • The difficulty of INTEGRATION • Incorrectly EVALUATION • DEBT loads • Overestimating synergy potential • Too much diversification 14 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Integration Difficulties • Resistance because of cultural clashes and organizational politics • Meld two or more unique corporate cultures • Link different financial and information control systems
  • 14. • Build effective working relationships (particularly when management styles differ) • Determine the leadership structure and those who will fill it for the integrated firm 15 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Inadequate Evaluation of Target • Due diligence is a process through which a potential acquirer evaluates a target firm for acquisition. • Financing for the intended transaction • Tax consequences of the transaction • Actions that would be necessary to successfully meld the two workforces • When conducting due diligence, companies almost always work with intermediaries, such as a large investment bank, to facilitate their due-diligence efforts.
  • 15. 16 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 • Due diligence should: • Accuracy of the financial position of the target • Strategic fit between the two companies • Commonly, firms are willing to pay a premium to acquire a company they believe will increase their ability to earn above-average returns. Inadequate Evaluation of Target 17 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Large or Extraordinary Debt • Large or extraordinary debt can result from: • Bidding wars • Paying a large premium
  • 16. • Executives sometimes pay a large premium because they are influenced by: • Hubris - excessive pride • Escalation of commitment to complete a particular transaction • Self-interest 18 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Inability to Achieve Synergy • Synergy exists when the value created by units working together exceeds the value that those units could create working independently. • Synergy is created by: • The efficiencies derived from economies of scale • The efficiencies derived from economies of scope • Sharing resources (e.g., human capital and knowledge) across the businesses in the newly created firm’s portfolio
  • 17. 19 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Too Much Diversification • Lack of experience/learning curve • Overdiversification can negatively affect a firm’s overall performance. • The scope created by additional amounts of diversification often causes managers to rely on financial, rather than strategic, controls to evaluate business units’ performance. • Using financial controls causes managers to focus on generating short-term profits at the expense of long-term investments. • Costs associated with acquisitions may result in fewer allocations to activities that are linked to internal innovation. 20 Copyright ©2016 Cengage Learning. Al l Rights Reserved.
  • 18. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Reasons for Acquisitions and Problems in Achieving Success 21 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Effective Acquisitions • Firms have complementary resources, foundation for developing new capabilities. • The acquisition is friendly, thereby facilitating integration of the firm’s resources. • Purchase on the basis of due-diligence process. • Rationalization to maintain a low or moderate level of debt by downsizing or Downscoping
  • 19. • R&D and innovation are emphasized in the new firm. 22 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Attributes of Successful Acquisitions Attributes Results 1. Assets or resources that are complementary 1. High probability of synergy and competitive advantage 2. Faster and more effective integration and possibly lower premiums 2. Acquisition is friendly 3. Ddue diligence to select target firms and evaluate the firm’s health (financial, cultural, and human resources) 3. Firms with strongest
  • 20. complementarities are acquired and overpayment is avoided 23 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Attributes Results 4. Financing (debt or equity) is easier and less costly to obtain 4. Acquiring firm has financial slack (cash or a favorable debt position) 5. Merged firm maintains low to moderate debt position 5. Lower financing cost, lower risk (e.g., of bankruptcy), and avoidance of trade-offs that are associated with high debt 6. Acquiring firm maintains long-term
  • 21. competitive advantage in markets 6. Acquiring firm has a sustained and consistent emphasis on R&D and innovation 7. Acquiring firm manages change well and is flexible and adaptable 7. Faster and more effective integration facilitates achievement of synergy Attributes of Successful Acquisitions 24 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Restructuring – Retrenchment Strategy • Restructuring is a strategy through which a firm changes its set of businesses or its financial structure. • Commonly, firms focus on fewer products and markets following
  • 22. restructuring. • Restructuring strategies are: • Generally used to deal with acquisitions that are not reaching expectations • Sometimes used because of changes detected in the external environment by the firm • Firms use three types of restructuring strategies: 1. Downsizing 2. Downscoping 3. Leveraged buyouts 25 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Downsizing • Reduction in the number of a firm’s employees, in the number of its operating units. • Strategy to adjust firm size, not necessarily a sign of
  • 23. decline. • Intentional managerial strategy for improving firm performance. • Rationalizing resources to retain and resources to eliminate. • Organizational decline is an unintentional outcome of what turned out to be a firm’s ineffective competitive actions. • With organizational decline, firms lose access to an array of resources, many of which are critical to current and future performance. 26 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Downscoping • Downscoping refers to divestiture, spin-off, or some other means of eliminating businesses that are unrelated to a firm’s core businesses. • Downscoping: • more positive effect on firm performance than does
  • 24. downsizing • Causes firms to refocus on their core business • Is often used with downsizing simultaneously 27 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Restructuring and Outcomes 28 Copyright ©2016 Cengage Learning. Al l Rights Reserved. May not be scanned, copied or dupl icated, or posted to a publ icly acce ssible website, in whole or in part. CB7 | CH3 Thank you CDU Business School Lesson 09 Strategic considerations - Innovation and NPD Reading: review chapters 7, 8 and 9
  • 25. Overview • Innovation strategy – Incremental innovation vs radical innovation – Innovation dimensions and process • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products Incremental vs. radical innovation? (& NPD) Innovation - why bother? What are they? Examples of each? Leader vs. follower innovation strategies Technological leadership First-mover advantage may be achieved by:
  • 26. • Patent protection – where possible • Secrecy and advances in the product innovation learning curve Value chain strategies The market pioneer may be in a position to: • Pre-empt sources of supply • Shape the way the product is distributed • Establish close relationships or strategic alliances with distribution partners Take-over Let the pioneer take all the risks then acquire the skills, patents, learning curve Follower Capitalise on mistakes made by the pioneer Leapfrog the pioneer by perfecting the processes: • lower price due to economies of scale • a technologically superior product / superior product quality
  • 27. • superior product positioning – value proposition / segmentation • superior customer service • Superior marketing Overview • Innovation strategy – Incremental innovation vs radical innovation – Innovation dimensions and process • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products Seven dimensions of NPD best practice See chapter 9 of the unit text for greater detail Process, research, metrics
  • 28. are all closely inter-related The innovation strategy dimension • NPD is considered within the context of the organisation’s mission and vision and long-term strategic planning processes • Considered to be an ongoing process • Focus on maintaining the right balance for the innovation portfolio Examples of companies that are (not) innovative Company culture • A focus on fostering innovation • Innovation a core and continuous process • Top-management support
  • 29. • Cross-company alliances • Collaborative partnerships and alliances Project climate • Appointment of dedicated, accountable and empowered cross-functional teams • Teams are typically specialists in R&D, engineering, manufacturing/production and marketing Commercialisation • Strategy, e.g., Brand extension • Implementation - three phases: • Pre-launch • Launch • Post launch
  • 30. Interactionist communication model Where sender and receiver play equal roles it is more likely to result in developing products that match motives, values & lifestyle CULTURAL CONTEXT 1 2 Self / Other Other / Self Object of communication Process • Idea generation and development • Concept testing and refining • Incremental improvement Process, research, & metrics NPD research Combination of traditional and contemporary research techniques:
  • 31. • Brainstorming, focus groups, Delphi, customer visits, conjoint analysis ethnography, lead user processes, crowdsourcing and open innovation Metrics & performance • A focus on performance goals: • Metrics for each stage of the NPD process: • Concept generation & testing • Launch & post-launch performance monitoring and review Evaluate brand value and track the brand performance (BHT) Concept development & testing
  • 32. The process dimension Idea generation Concept development & testing Product improvement The fuzzy-front end of innovation Idea generation Concept development & testing More advanced innovation themes Problems & innovative solutions Barriers to innovation diffusion Unintended negative
  • 33. consequence of innovation Increasing complexity Overview • Innovation strategy – Incremental innovation vs radical innovation – Innovation dimensions and process • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products For the product (which includes service aspects), & packaging elements of the mix it is CRITICAL TO SATISFY CUSTOMER NEEDS… Clear competitive advantage can be gained in this regard. Consequently there are well
  • 34. defined approaches for understanding MOTIVES, VALUES & LIFESTYLES Focus groups and ethnographic research are particularly effective in this regard http://www.youtube.com/watch?v=9tHgNXzS2EY http://www.youtube.com/watch?v=9tHgNXzS2EY Physiological Needs (food, water, air, shelter, sex) Safety and Security Needs (protection, order, stability) Social Needs (affection, friendship, belonging) Maslow’s hierarchy of needs Ego Needs (prestige, status, self-esteem) Self- Actualisation (self-fulfillment) Lower order needs must be satisfied first.
  • 35. The least satisfied need is the most motivating SEGMENTATION & POSITIONING APPLICATIONS – Many products (& ads) seek to satisfy particular needs in the hierarchy …. Much research (QUAL) in particular also seeks to identify different orders or levels of need Types of motivation • POSITIVE MOTIVATION - driving force towards some object or condition (e.g., a university degree) often referred to as an APPROACH object • NEGATIVE MOTIVATION - driving force away from some object or condition (e.g., unemployment) thus sometimes referred to as an AVOIDANCE object http://www.youtube.com/watch?v=Iew6JNJcfFM • The consumption of certain brands or products can also contradict or conflict with other motives / goals…
  • 36. • Suppliers seek to reduce conflict to increase consumption of their brands. http://www.youtube.com/watch?v=Iew6JNJcfFM Research (QUAL in particular) seeks to establish sources of positive & negative motivation, as well as conflicting motives. “Just like a Mars, only red” “Legendary taste half the fat” How does research establish sources of motivational conflict? What are all the reasons people have for eating at McDonald’s & what are all the reasons
  • 37. people have for NOT eating at McDonald’s What are all the things you like about petrol? & what are all the things you don’t like about it? http://www.creativereview.co.uk/crblog/wp- content/uploads/2007/11/01-bp-ultimate-a1-lessemiss.jpg Irrational logic – but it works? S 400 BlueHYBRID the world's most economical luxury saloon …. fuel consumption a mere 7.9 litres per 100 kilometres. What conflict is being reduced here?2015 emissions fraud!
  • 38. Overview • Innovation strategy – Incremental innovation vs radical innovation – Innovation dimensions and process • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products Product research – concept testing – can be a qual’ or quant’ approach… DESCRIBE / SHOW NEW PROD with proposed mix elements, e.g., price, then probe on – Likes and dislikes – Easy to understand – How interested in buying • if not why not
  • 39. - Product meant for? – How you feel about its VALUE • if poor how much WILLING TO PAY – Rate in terms of being DIFFERENT from other products – How BELIEVABLE is the new product idea Approach aims to: • establish potential market • tweak / modify the concept 40 30 25 30 35 25 5 5 0 10
  • 40. 20 30 40 50 Like idea a lot Concept easy to understand Concept believable Will buy at $20 Will definitely use in future Meant for
  • 41. people like me Same as other products Does NOT appeal to me % Overall top box Fictitious new product concept rating (top box / strongly agree %) Base : 400 % top box 4.5 4.2 4 3.8
  • 42. 4.1 3 3.9 1 2 3 4 5 A B C D E F G Malaria drug satisfaction rating Fictitious case malaria drug patient satisfaction scores Satisfaction: 1= Extremely dissatisfied 5= Extremely satisfied M e a n r a
  • 43. ti n g Base: 1500 overall. Good for benchmarking a brand’s relative market appeal v. competition… Indicates degree to which a product might improve relative to competition ? Fictitious case Malaria drug A likes 40 40 30 20 20 15 20 0 10 20 30 40 Effective treatment
  • 44. Cheap Easily available Easy to take Can be taken without food Can repeat dose after vomiting Clear instructions Likes % Base: 1500 respondents Simple dislikes and dislikes can give key pointers for product enhancement Fictitious case Malaria drug F dislikes 50 35 25 20 15 10
  • 45. 25 0 10 20 30 40 50 Expensive Taste Not readily available Unsuitable for children Can cause vomiting / nausea May not feel like eating Side effects Dislikes % Base: 1500 respondents Examining drug F DISLIKES against the LIKES of best in class helps to reveal areas for improvement / attention How does F compete with A?
  • 46. Product research – Gap analysis ‘Development News Website’ performance v. importance ratings 65 65 54 51 43 3839 72 55 45 35 32 0 20 40 60 80 100 Objective and accurate reporting Focus on
  • 47. humanitarian issues Focus on Africa Making you aware of new humanitarian issues Up to the minute information Country profiles Importance Performance Top box % Importance rated 1 to 5 where 1 = not important & 5 = absolutely essential Performance rated 1 to 5 where 1 = very poor and 5 = very good Mean ratings appear in the blue boxes / Top box % in the bar chart Base : 1500 Development website users Describe the type of attitude information presented and how it
  • 48. can be used. Describe the data & what the company might do http://www.irinnews.org/ http://www.irinnews.org/ CDU Business School Lesson 09 Strategic considerations - Innovation and NPD Reading: review chapters 7, 8 and 9 Overview • Innovation strategy – Incremental innovation vs radical innovation – Innovation dimensions and process • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products
  • 49. Incremental vs. radical innovation? (& NPD) Innovation - why bother? What are they? Examples of each? Leader vs. follower innovation strategies Technological leadership First-mover advantage may be achieved by: • Patent protection – where possible • Secrecy and advances in the product innovation learning curve Value chain strategies The market pioneer may be in a position to: • Pre-empt sources of supply • Shape the way the product is distributed • Establish close relationships or strategic alliances with distribution partners
  • 50. Take-over Let the pioneer take all the risks then acquire the skills, patents, learning curve Follower Capitalise on mistakes made by the pioneer Leapfrog the pioneer by perfecting the processes: • lower price due to economies of scale • a technologically superior product / superior product quality • superior product positioning – value proposition / segmentation • superior customer service • Superior marketing Overview • Innovation strategy – Incremental innovation vs radical innovation
  • 51. – Innovation dimensions and process • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products Seven dimensions of NPD best practice See chapter 9 of the unit text for greater detail Process, research, metrics are all closely inter-related The innovation strategy dimension • NPD is considered within the context of the organisation’s mission and vision and long-term strategic planning processes • Considered to be an ongoing process • Focus on maintaining the right balance for
  • 52. the innovation portfolio Examples of companies that are (not) innovative Company culture • A focus on fostering innovation • Innovation a core and continuous process • Top-management support • Cross-company alliances • Collaborative partnerships and alliances Project climate • Appointment of dedicated, accountable and empowered cross-functional teams • Teams are typically specialists in R&D, engineering,
  • 53. manufacturing/production and marketing Commercialisation • Strategy, e.g., Brand extension • Implementation - three phases: • Pre-launch • Launch • Post launch Interactionist communication model Where sender and receiver play equal roles it is more likely to result in developing products that match motives, values & lifestyle CULTURAL CONTEXT 1 2 Self / Other Other / Self Object of communication
  • 54. Process • Idea generation and development • Concept testing and refining • Incremental improvement Process, research, & metrics NPD research Combination of traditional and contemporary research techniques: • Brainstorming, focus groups, Delphi, customer visits, conjoint analysis ethnography, lead user processes, crowdsourcing and open innovation Metrics & performance • A focus on performance goals: • Metrics for each stage of the NPD
  • 55. process: • Concept generation & testing • Launch & post-launch performance monitoring and review Evaluate brand value and track the brand performance (BHT) Concept development & testing The process dimension Idea generation Concept development & testing Product improvement The fuzzy-front end of innovation Idea generation
  • 56. Concept development & testing More advanced innovation themes Problems & innovative solutions Barriers to innovation diffusion Unintended negative consequence of innovation Increasing complexity Overview • Innovation strategy – Incremental innovation vs radical innovation – Innovation dimensions and process
  • 57. • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products For the product (which includes service aspects), & packaging elements of the mix it is CRITICAL TO SATISFY CUSTOMER NEEDS… Clear competitive advantage can be gained in this regard. Consequently there are well defined approaches for understanding MOTIVES, VALUES & LIFESTYLES Focus groups and ethnographic research are particularly effective in this regard http://www.youtube.com/watch?v=9tHgNXzS2EY http://www.youtube.com/watch?v=9tHgNXzS2EY Physiological Needs (food, water, air, shelter, sex) Safety and Security Needs
  • 58. (protection, order, stability) Social Needs (affection, friendship, belonging) Maslow’s hierarchy of needs Ego Needs (prestige, status, self-esteem) Self- Actualisation (self-fulfillment) Lower order needs must be satisfied first. The least satisfied need is the most motivating SEGMENTATION & POSITIONING APPLICATIONS – Many products (& ads) seek to satisfy particular needs in the hierarchy ….
  • 59. Much research (QUAL) in particular also seeks to identify different orders or levels of need Types of motivation • POSITIVE MOTIVATION - driving force towards some object or condition (e.g., a university degree) often referred to as an APPROACH object • NEGATIVE MOTIVATION - driving force away from some object or condition (e.g., unemployment) thus sometimes referred to as an AVOIDANCE object http://www.youtube.com/watch?v=Iew6JNJcfFM • The consumption of certain brands or products can also contradict or conflict with other motives / goals… • Suppliers seek to reduce conflict to increase consumption of their brands. http://www.youtube.com/watch?v=Iew6JNJcfFM Research (QUAL in particular) seeks to establish sources of positive & negative motivation, as well as conflicting motives.
  • 60. “Just like a Mars, only red” “Legendary taste half the fat” How does research establish sources of motivational conflict? What are all the reasons people have for eating at McDonald’s & what are all the reasons people have for NOT eating at McDonald’s What are all the things you like about petrol? & what are all the things you don’t like about it?
  • 61. http://www.creativereview.co.uk/crblog/wp- content/uploads/2007/11/01-bp-ultimate-a1-lessemiss.jpg Irrational logic – but it works? S 400 BlueHYBRID the world's most economical luxury saloon …. fuel consumption a mere 7.9 litres per 100 kilometres. What conflict is being reduced here?2015 emissions fraud! Overview • Innovation strategy – Incremental innovation vs radical innovation – Innovation dimensions and process • NPD research – Idea generation and understanding need & motivation – Product concept testing – Evaluating & improving products
  • 62. Product research – concept testing – can be a qual’ or quant’ approach… DESCRIBE / SHOW NEW PROD with proposed mix elements, e.g., price, then probe on – Likes and dislikes – Easy to understand – How interested in buying • if not why not - Product meant for? – How you feel about its VALUE • if poor how much WILLING TO PAY – Rate in terms of being DIFFERENT from other products – How BELIEVABLE is the new product idea Approach aims to: • establish potential market • tweak / modify the concept
  • 63. 40 30 25 30 35 25 5 5 0 10 20 30 40 50 Like idea a lot Concept easy to understand
  • 64. Concept believable Will buy at $20 Will definitely use in future Meant for people like me Same as other products Does NOT appeal to me % Overall top box
  • 65. Fictitious new product concept rating (top box / strongly agree %) Base : 400 % top box 4.5 4.2 4 3.8 4.1 3 3.9 1 2 3 4 5
  • 66. A B C D E F G Malaria drug satisfaction rating Fictitious case malaria drug patient satisfaction scores Satisfaction: 1= Extremely dissatisfied 5= Extremely satisfied M e a n r a ti n g Base: 1500 overall. Good for benchmarking a brand’s relative market appeal v. competition… Indicates degree to which a product might improve relative to competition ? Fictitious case Malaria drug A likes
  • 67. 40 40 30 20 20 15 20 0 10 20 30 40 Effective treatment Cheap Easily available Easy to take Can be taken without food Can repeat dose after vomiting Clear instructions Likes % Base: 1500 respondents
  • 68. Simple dislikes and dislikes can give key pointers for product enhancement Fictitious case Malaria drug F dislikes 50 35 25 20 15 10 25 0 10 20 30 40 50 Expensive Taste Not readily available Unsuitable for children Can cause vomiting / nausea May not feel like eating
  • 69. Side effects Dislikes % Base: 1500 respondents Examining drug F DISLIKES against the LIKES of best in class helps to reveal areas for improvement / attention How does F compete with A? Product research – Gap analysis ‘Development News Website’ performance v. importance ratings 65 65 54 51 43 3839 72 55 45
  • 70. 35 32 0 20 40 60 80 100 Objective and accurate reporting Focus on humanitarian issues Focus on Africa Making you aware of new humanitarian issues Up to the minute information
  • 71. Country profiles Importance Performance Top box % Importance rated 1 to 5 where 1 = not important & 5 = absolutely essential Performance rated 1 to 5 where 1 = very poor and 5 = very good Mean ratings appear in the blue boxes / Top box % in the bar chart Base : 1500 Development website users Describe the type of attitude information presented and how it can be used. Describe the data & what the company might do http://www.irinnews.org/ http://www.irinnews.org/ Assessment 3 Rubric Assignment 3: Organic and inorganic growth strategies Levels of Achievement Criteria High Distinction Distinction Credit Pass Fail
  • 72. Introduction 85.00 to 100.00 % Excellent, concise introduction, that covers the assignment structure, description of the marketing strategy process, and target market. 75.00 to 84.00 % Good introduction,that covers the assignment structure, description of the marketing strategy process, and target market. 60.00 to 74.00 % Reasonable introduction, that covers the assignment structure, and description of the marketing
  • 73. strategy process. 50.00 to 59.00 % Limited introduction that covers some of the required aspects - the assignment structure. description of the marketing strategy process. 0.00 to 49.00 % Inadequate - does not cover the required aspects. Assessment of Market Potential 85.00 to 100.00 % Excellent explanation of target market potential with data cited from
  • 74. credible sources used to calculate market potential. 75.00 to 84.00 % Good explanation of target market potential with data from credible sources. 60.00 to 74.00 % Reasonable explanation of target market potential. 50.00 to 59.00 % An attempt to calculate target market potential with limited information provided. 0.00 to 49.00 % Inadequate information on target market potential.
  • 75. Name Description Rubric Detail Weight 5.00% Weight 15.00% S222 BUS304 EVIDENCE BASED STRATEGY CREATION https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=... 1 of 4 22/08/2022, 10:13 am Levels of Achievement Criteria High Distinction Distinction Credit Pass Fail Growth Strategies 85.00 to 100.00 % Excellent description of the market opportunity for organic and inorganic growth.
  • 76. Thorough re�ection on all strategies related to organic and inorganic growth with clearly stated objectives and possible strategies. 75.00 to 84.00 % Good description of the market opportunity for organic and inorganic growth. Thorough re�ection on all strategies related to organic and inorganic growth with clearly stated objectives. 60.00 to 74.00 % Reasonable description of the market opportunity for organic and inorganic growth. Thorough re�ection on all strategies related to organic and
  • 77. inorganic growth. 50.00 to 59.00 % Some relevant description of the market opportunity for organic and inorganic growth. 0.00 to 49.00 % Minimal relevant description description of the market opportunity for organic and inorganic growth. Restructuring Moves 85.00 to 100.00 % Excellent explanation of areas in need of downsizing and down-scoping justi�ed with relevant data and
  • 78. supported with BCG matrix results. 75.00 to 84.00 % A good attempt to explain the areas in need of downsizing and down-scoping justi�ed with relevant data. 60.00 to 74.00 % Reasonable attempt at explanation of areas in need of downsizing and down-scoping. 50.00 to 59.00 % Limited attempt explanation of areas in need of downsizing and down-scoping. 0.00 to 49.00 % Inadequate attempt at explanation of
  • 79. restructuring moves. Weight 30.00% Weight 20.00% S222 BUS304 EVIDENCE BASED STRATEGY CREATION https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=... 2 of 4 22/08/2022, 10:13 am Levels of Achievement Criteria High Distinction Distinction Credit Pass Fail Cooperative Strategies 85.00 to 100.00 % Excellent description of cooperative strategies including strategic alliances, franchising opportunities
  • 80. and network cooperation with each justi�ed in the light of targeted objectives and cooperating �rms in view. 75.00 to 84.00 % Good description of cooperative strategies including strategic alliances, franchising opportunities and network cooperation with each justi�ed in the light of targeted objectives. 60.00 to 74.00 % Reasonable description of cooperative strategies including strategic alliances, franchising opportunities and network cooperation.
  • 81. 50.00 to 59.00 % Limited description of cooperative strategies. 0.00 to 49.00 % Inadequate description of cooperative strategies. Report presentation, structure, format, as well as appropriate resources and referencing 85.00 to 100.00 % Follows academic rules of writing. Clear and logical structure with appropriate headings and section lengths. Excellent writing style with proper
  • 82. use of grammar and spell 75.00 to 84.00 % Generally follows academic rules of writing. Clear and logical structure with appropriate headings and section lengths. E�ective writing style with proper use of grammar and spell checked. Appropriate sources 60.00 to 74.00 % Some e�ort to follow academic rules of writing. Reasonable structure with appropriate headings and section lengths. Reasonable writing style. In the main a proper use of 50.00 to 59.00 %
  • 83. An attempt to follow academic rules of writing. Appropriate headings - section lengths and content might be improved. Reasonable writing style. 0.00 to 49.00 % Adherence to academic writing rules has not been demonstrated. Required format has not been followed. Improper referencing style used, text has been pasted in Weight 20.00% Weight 10.00% S222 BUS304 EVIDENCE BASED STRATEGY CREATION https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=...
  • 84. 3 of 4 22/08/2022, 10:13 am Levels of Achievement Criteria High Distinction Distinction Credit Pass Fail checked. Appropriate sources are used and all are accurately cited and referenced using a consistent and appropriate format. are used and most are accurately cited and referenced using a consistent and appropriate format. grammar and spell checked. Appropriate sources are used and most are cited and referenced using a consistent and appropriate format.
  • 85. Grammar and spelling might be improved. Additional resources might be used used. Some attempt at citing and referencing. Inconsistent referencing standards. large slices without relevance and proper recognition. View Associated Items Print Close Window S222 BUS304 EVIDENCE BASED STRATEGY CREATION https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=... 4 of 4 22/08/2022, 10:13 am https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=course&rubricId=_24945_1&course _id=_54126_1# https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=course&rubricId=_24945_1&course _id=_54126_1# javascript:associationListToggle( );
  • 86. javascript:associationListToggle( ); https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=course&rubricId=_24945_1&course _id=_54126_1# https://online.cdu.edu.au/webapps/rubric/do/course/manageRubr ics?dispatch=view&context=course&rubricId=_24945_1&course _id=_54126_1# Assessment Task 3 – BUS304 Evidence based strategy creation ASSESSMENT TASK 3: Growth Stategies- Home Entertainment Retail Industry Value: 45% Due Date: Sunday, Week 12 Length: 200-2500 Words (+10% MAX) Assessment Description Task: Assignment 3 builds upon the second assignment and focuses on developing strategies for growth and efficiency. In assignment 2 you already considered relevant market characteristics and identified key challenges and opportunities for the industry players.
  • 87. For assignment 3 you are required to suggest strategies for growth using organic and inorganic growth models, possible mergers and/or acquisitions, appropriate retrenchment strategies to achieve efficiency and some cooperative strategies. Preparation: In preparation, you should review the detailed assignment instructions in the Learnline assessment folder. Please don’t stress about the assignment or attempt to start it before you have been given further instruction. As the unit progresses, you will be guided through the assignment, so it will be important to engage with the assignment-related activities. You will also be guided as to the reading and resources you should bring into the assignment. Presentation: Please keep to the word count and follow the assignment instructions
  • 88. closely, using the same headings. (Do not include an Executive Summary). Please indicate the number of words written in each section, as well as the total word count at the end. You may attach appendices to provide context to your assignment, but please note that appendices do not contribute to the marks. Please use a recognized journal-style referencing formats such as Harvard or APA. Be sure to consult the assignment rubric and detailed instructions in the Learnline assessment folder for more details. Assessment Task 3 – BUS304 Evidence based strategy creation NB. Please submit a Microsoft Word document and not a pdf. Assessment criteria: For the purpose of this assignment, you must demonstrate a clear understanding of the business strategy and planning
  • 89. process using the concepts and themes covered in the unit lessons. SPECIFIC DETAILS: Assignment background and industry context This assignment involves the development of strategies for growth and efficiency. It will improve your appreciation of the various growth and efficiency models. In this assignment, you will perform the same tasks undertaken by strategists at functional (NPD, Market Penetration and Market Development) and corporate levels (Mergers and Acquisitions, Restructuring, and Cooperative strategies) for growth and maintaining the efficiency of a business. More specifically, you will describe the strategic rationale for possible organic and inorganic growth strategies, restructuring approaches, and cooperative moves to expand the business as well as achieve efficiency for an improved bottom line. The challenging home entertainment retail marketing environment has resulted in the recent development of new-generation products, new market segments, and possible restructuring opportunities to achieve a variety of strategic objectives. For Assignment 3 you will focus on proposing some of such initiatives for your target corporate brand. Specific assignment tasks
  • 90. Assignment 3 assumes that JB Hi-Fi Australia is considering expanding its business in some South Asian markets where it is not currently present (this is just an assumption). You will be required to choose ONE of these countries as a potential ‘target market’ and reflect on the following with the help of data: 1. Conduct an assessment of the target market potential 2. Suggest possible growth strategies using models of market penetration, new product development, and market development 3. Identify potential merger and acquisition opportunities and suggest strategies 4. Identify potential restructuring moves to gain efficiency 5. Suggest possible cooperative strategies More specifically, your assignment should contain the following headings/sections: 1. Introduction (approx. 250 words) Introduce your assignment content. Describe the importance of growth and retrenchment strategies for business. Identify your target market here (from Assessment Task 3 – BUS304 Evidence based strategy creation amongst the South Asian countries). Summarise your
  • 91. assessment in this section and identify assumptions, if any. 2. Assessment of Target Market Potential (400 words) Conduct a target market potential assessment to justify your choice. Week 8 lecture slides on market penetration and market development provide a framework for developing market potential assessment. 3. Growth Strategies (approx. 700 words) A. Organic Growth This section describes how JB Hi-Fi Australia can take advantage of various organic growth strategies, including new product development, market development and market penetration, to expand and establish its business in the targeted market. Please note that more than one approach can be adopted simultaneously to promote various brand divisions in the portfolio. Justify your choice with data or based on literature related to the growth strategies. B. Inorganic Growth Reflect on the possibility of any merger and acquisition opportunity and explain why such a strategy may come in handy. Demonstrate the benefits and suggest precautionary measures to avoid failure of such strategy. Also, identify target
  • 92. companies for related and/or unrelated mergers/acquisitions. 4. Restructuring Moves (approx. 500 words) Based on the assessment of JB Hi-Fi Australia brand portfolio, identify areas for downsizing and downscoping, and justify how would such a strategy result in improved profitability. BCG matrix analysis can be useful to recognize such opportunities. 5. Cooperative Strategies (approx. 500 words) In order to be successful and to get a kick start in your targeted market, suggest how and with whom would you develop any strategic alliance or enter into joint ventures. Reflect on the type of strategic alliance(s) that might be possible and rationalize how they would benefit JB Hi-Fi Australia in its quick entry and establishment in the new market. You are free to select from other possible cooperative strategies as well, such as franchising, network cooperative strategy etc. Justify your choice with the objectives you intend to achieve with suggested cooperative strategies. 6. Conclusion (approx. 150 words) A brief overview that reiterates the importance of strategic planning and stresses the
  • 93. significance of implementing an effective strategy for business success. Assessment Task 3 – BUS304 Evidence based strategy creation Assessment format To successfully complete this assignment, you should prepare a report that: ▪ Is a Microsoft Word document and not a pdf. • Is well written and properly spell-checked and proof read. • Follows the assignment instructions closely and uses the same headings. • Indicates the number of words written in each section, as well as the total word count. • Uses a recognized business journal style of referencing format such as Harvard or APA. • Is 2500 words long MAXIMUM (excluding figures, appendices, bibliography - please note that appendices do not contribute to the marks). There is a considerable amount to cover, so it will be important that you write clearly
  • 94. and concisely. Submission & mark allocation The assignment must be submitted on time via Learnline. % allocation of marks for this assignment is as follows: Introduction 5 Assessment of Market Potential 15 Growth Strategies 30 Restructuring Moves 20 Cooperative Strategies 20 Report structure/presentation and effective referencing, citation, and evidence of adequate literature search 10 Total 100 (See Learnline for further details of assessment submission and marking procedures/policy).