Examlex
As you watch the rectangle of a paper flag being turned around its pole,you always see the shape of the flag as being rectangular.Yet the image of the flag changes shape at the retina as it rotates.Why do you not see the shape as changing?
Porter's Model
A strategic tool developed by Michael E. Porter used to analyze the competitive environment of an industry, including five forces: the threat of new entrants, the threat of substitutes, the bargaining power of buyers, the bargaining power of suppliers, and competitive rivalry.
Generic Competitive Strategies
Generic Competitive Strategies are basic approaches developed by Michael Porter for businesses to gain competitive advantage, including cost leadership, differentiation, and focus strategies.
Cost Synergies
The financial savings achieved by combining two or more entities, processes, or systems, leading to lower costs than if operated separately.
Human Imagination
The ability of the mind to be creative, innovate, and conceive of scenarios beyond current reality.
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