Law firms

advantage of unique resources that are limited reduces the percentage of imitation that is obtainable from other organisations within the same field and external environment. With focus purely on resources, it creates an uncertain environment for most firms which instigates mergers, partnerships, and sharing of resources to ensure more diplomatic and stable means of survival. These types of survival can be viewed as opportunism-based and knowledge-based strategies. (K. R. Conner & Prahalad,…

Fisman and Svensson found some evidence that corruption influences growth at the micro level. They have used the dataset which contains information on the estimated bribe payments of the firms in Uganda. Their dataset contains information from the Ugandan Industrial Enterprise Survey about 243 firms in 5 locations and 14 industries. As it was discussed before, corruption has a very secretive and uncertain nature, and therefore there have been implemented different methods in order to increase…

The concept of competitive advantage can be based on both internal and external factors, based on reality and customer perceptions, based on strategies of operational excellence, product leadership, and/or customer intimacy and also stems from the firms' capabilities in relation to those held by the competition. (Ferrell, 2011, p. 149). One of the competitive advantages I noticed with New Belgium Brewery was their use of environmental metrics. The company has a focus on giving back to the…

Allison Schlegel is a food runner at Blue Grillhouse in Bethlehem, PA. She is currently working their part time, while she attends Moravian College full time to purse a degree in nursing. She started working for Blue in the Spring of 2017. If it was not for Allison’s position as food runner, their would be no one to run the food out to the tables, because more often than not the servers are too busy to run the food out themselves. Her role plays a vital part in making sure that the guests…

agree with the suggested answer, as for a business person monopoly power is an opportunity for him/her to maximize their profit in their business because there are no close substitutes, no rivals, and barriers to entry prevent other firms, all this will help the firm to earn positive profit an average rate of return for a relatively long time. Here the demand is inelastic to price which means demand will not change much even if we change the price, all these reasons are prefect for a businessman…

Finally, regarding the impact of managerial capacities on firm growth we find that firms that have brought in professional managers (divorcing management from ownership functions) are more likely to experience growth and show a greater magnitude of growth (H10 supported). These findings are in line with other organizational theory studies which posit that organizations evolve through their life cycle stages. In their initial phase, firms are limited in their managerial capabilities and also may…

Corporate social responsibility (CSR) is a concept that almost all firms state that they incorporate and embed into the core of their business activities and strategies. However, it can be argued that often times CSR is not properly embedded into a firm if their CSR strategy does not affect the firm’s strategy, routines and operations. This is known as peripheral CSR (Aguinis and Glavas, 2013). This essay explores what the defining internal and external barriers are to effectively embedding CSR…

The case study presents an interesting insight into the growth of ADG from a domestic growth of ADG from being an importer to domestic production and to become an international firm. Having the knowledge and experience of the domestic market, the firm’s domestic growth is dominantly based on the expansion strategy of the business transiting from import business to domestic manufacturing. Though the BIP industrial policies have played a major role in this expansion but the firm’s ability to…

interests of the accounting professional’s perceptions of their particular firm are put into consideration. Since performance appraisals are seemingly linked to the three elements enlisted in my paper future research should investigate if in fact ethical procedures are actually being incorporated into CPA firms evaluating systems, and showing the significance of following such behavior and procedures. Consequently, CPA firms can come up with these findings from such studies throughout the…

challenging for new firms that want to expand their operations into the market. To be in a position to survive within the market, XYZ foods must choose a strategy that minimizes the initial cost and at the same time gives them a global outlook. In this case, the best strategy will be the Franchising strategy. This strategy has proved to work well in countries in North America that tend to have highly competitive business environments (Chen, 2016). This strategy will suit the firm because it has…