Define value creation for customers and the components that can be used to determine value creation per unit. How value creation is related to competitive advantage?
What is a value chain? Why is efficiency so important in an organizations’ value chain activities?
What building blocks in value creation can an organization use to sustain competitive advantage? How best you can sustain competitive advantage?
What does internal analysis help a company to determine? How does this process contribute to the overall health (value creation, competitive advantage, profitability) of a company?
Why do companies fail? How does competitive advantage relate to failure? If competitive advantage is not maintained, what would be the consequence for a company?
CHAPTER 4 QUESTIONS:
What are functional level strategies? How they relate to competitive advantage of a company? How can functional level strategy contribute to efficiency?
Describe economies of scale and how it relates to competitive advantage. What strategic significance does economies of scale have for a company? What it does with the competitive advantage of a company?
How does innovation relate to competitive advantage? What can be done to sustain innovation in a company?
How does customer relations contribute to competitive advantage? What is the effect of customer relations on value creation and its components?
A longitudinal study in New Zealand found that persistent marijuana users starting in their adolescence associated with an average loss of 6 to 8 IQ points. Even users who quit in their adulthood after using marijuana heavily as an adolescent could not recover the IQ points that had been lost. On the other hand people who began using marijuana heavily over the age of 25 did not lose IQ points. The areas affected were verbal ability and general knowledge from preteen years. This further proves that marijuana has a much more substantial effect on an adolescent’s growing brain. People who consume marijuana on a regular basis have increased chances of having mental health disorders later in life than those who don’t. While the causal link is not firmly established, depression, anxiety, psychosis and substance abuse disorder are among the most common effects observed in long-term users. Recent research has found that people who use marijuana and carry a specific variant of the AKT1 gene are at an increased risk of developing psychosis. The AKT1 gene codes for an enzyme that affects dopamine signaling in the striatum, which is an area of the brain that becomes flooded with dopamine when certain stimuli are present. One study has found that people with this gene had a 7 times more likely chance of developing psychosis when smoking, than those who infrequently smoked. Marijuana use has also been shown to worsen the course of illness for someone who suffers from schizophrenia. Also, it is known to produce an acute psychotic reaction in non-schizophrenic people who consume marijuana, although this usually goes away as the drug wears off. Marijuana smoke contains a number of harmful chemicals that lead up to damage of the bronchial passages and the lungs. Regular smokers are more likely to have persistent coughs, trouble breathing, and produce excess mucus from their throats. The Journal of Internal medicine has stated that sm>GET ANSWER