Business Strategy: Nintendo, La Fageda, Patagonia, and Uber
Nintendo’s Blue Ocean Strategy
Creating New Markets
If you would like to create a new market as Nintendo did, what would you do?
To create a new market, I would conduct a study of a wider market that hasn’t been targeted yet by any company. I would create a product that would compete by itself and position myself outside the competition zone of my potential competitors within the industry.
Nintendo’s Success
Explain why Nintendo’s successful consoles were a blue ocean.
Blue ocean occurs when there is
Read MoreInternational Business Expansion: Licensing, Franchising, and Joint Ventures
Licensing
An agreement where a domestic company makes available its intangible asset(s) to a foreign company.
Advantages for the Licensor
- Low-cost entry mode
- Speed of market entry
- Avoidance of many tariff and non-tariff barriers
- Extra income from technology already used in the domestic market
- Avoidance of political risk
Advantages for the Licensee
- Immediate access to know-how, avoiding research and development costs
- Acquisition of an internationally recognized brand name
- Low-cost venture for a company willing
Community Social Work: Prioritizing Risks and Action
Prioritizing Risks in Community Social Work
When engaging in community social work, it’s crucial to prioritize risks effectively. This involves considering:
- The objectives of the institution and how it finances its activities.
- The risks that are priorities for the population.
- A critical analysis based on results obtained through a valid methodology.
Whichever set of risks is prioritized, a key issue in all interventions is empowering people to integrate into a draft community action plan. Given the density
Read MoreEconomies of Scale: Internal and External Factors
External Economies of Scale
External economies of scale are efficiencies that a business achieves due to the expansion of external factors.
- Consumers: In a shopping mall, people enter various stores, so the small businesses in the mall will benefit.
- Employees: If a specific geographic area has a concentration of a certain industry, a business working in that area can benefit from the workers (low recruiting/training costs).
Internal Diseconomies of Scale
Internal diseconomies of scale are inefficiencies
Read MoreLeadership, Groups, and Motivation in Organizations
Leadership
Leadership consists of influencing the conduct of subordinates, making them unconditionally adhere to a cause. It is a social influence process in which the leader seeks the voluntary participation of subordinates to achieve certain objectives. The characteristics of a good leader are accountability, originality in problem-solving, the desire to take initiatives, and self-security. We must distinguish leadership styles:
Person-oriented leaders listen to group members, are friendly, accessible,
Read MoreSpanish Economic Growth vs. EU: 1960-Present
Spanish Economic Growth Compared to the EU
Main Characteristics of Spanish Economic Growth vs. EU Growth
Spain has demonstrated a higher economic growth rate than other European countries, averaging 3.1% annually compared to 2.4% in Europe. This highlights a greater capacity for economic growth in nations with a higher delay in economic development.
Economic growth in Spain has largely followed the same trajectory as Europe, even prior to its entry into the European Community in 1986. However, five
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