A strong thesis statement is a crucial element of a research paper as it helps to guide the focus of the paper and provide a structure for the arguments being made. It should be clear, concise, and specific, and it should provide the reader with a sense of the direction the paper will take.
One key characteristic of a strong thesis statement is that it is specific. It should not be too broad or vague, but rather should be focused on a specific argument or point that the paper will explore in depth. This helps to keep the paper on track and ensures that the reader knows exactly what to expect from the paper.
Another important aspect of a strong thesis statement is that it is debatable. It should present a position or argument that can be supported with evidence and that is open to being challenged or debated by others. This allows the research paper to engage with the broader academic conversation and contribute to the ongoing discussion in the field.
Finally, a strong thesis statement should be concise and to the point. It should be expressed in a single sentence, or at most a few sentences, and should not be unnecessarily long or complex. This helps to ensure that the reader can easily understand the main argument being made and that the paper is well-organized and easy to follow.
In summary, a strong thesis statement is an essential element of a research paper as it helps to guide the focus of the paper and provide a structure for the arguments being made. It should be specific, debatable, and concise, and it should clearly express the main argument or point being made in the paper.
However, competitive advantage develops in the long run, and is generally sustainable since the resources that a company owns, controls or possesses successfully fulfill al VRIO criteria. The customer is the boss. The trade name is recognizable by the customers, and provide instant recognition for the company across borders. Preference shares may have a convertibility feature into common stock. He discovered his penchant for cooking when he was only 9 years old.
It is the job of the human resource department, along with the support of top management, to ensure that a comfortable and friendly culture prevails in the organization, not just at the KFC outlets, but at the head offices as well. Resource-based theory in marketing. Medium-term loans are loans for a period of from three to ten years. However, it has a strong and resilient business model that responded well during the crisis. Key Resources and Value Propositions The quality and nature of the key resources of a Business Model will determine how the value proposition will be met. By 1963 there were 600 KFC restaurants, making the company the largest fast food operation in the United States. Moreover, the company operates internationally and has consumer markets in over 100 countries.
Intangible resources are largely immobile in nature. Journal of Management, 37 5 , pp. Figure 2VRIO analysis with respect to competitive advantage and RBV The VRIO framework assesses tools on criteria of being valuable, rare, inimitable, and organization. Journal of management, 36 1 , pp. A car dealer will supply the car. Infrastructure This includes all the land and facilities in terms of technology, buildings, office materials and maintenance, and allocation of power resources such as electricity to its plants by KFC.
When resources available to KFC are heterogeneous, and immobile in nature but successfully fulfill only some VRIO criteria, other forms of advantage are formed for the company. This shows that KFC retained their net earnings higher in year 2008 so that they can reinvest in its core business to pay its debt. Hire Purchase Hire purchase is the legal term for a contract developed in the United Kingdom. New York: Cengage Learning EMEA. Business model of KFC Corporation Customer Segments KFC serves an extensive and broad customer base around the world, principally comprising members of the general consumer population. For KFC, the VRIO strategic tool may be applied to the identified resources to determine if the resources allow the building of competitive advantage over the long run.
It is also called closed-end leasing. Competitive advantage Competitive advantage is defined as circumstances or possession and control of resources that put KFC in a superior and favorable business position. It has also included some vegetarian items on the menu to attract vegetarian customers. Patents and Copyright KFC enjoys patents and copyrights not only for its production processes and product composition but also for research and development activities that it undertakes for product improvement and enhancement. Across the world, there are very few brands that operate in the QSR chicken segment. The industry is marked by heavy competition.
Strategic management: A competitive advantage approach, concepts and cases. These have been developed strategically over time through continuously consistent and successful performance by the company, and because of brand development from functional to emotional to lifestyle in nature. In the last twenty years, companies have realized the importance of intellectual resources, which is evidenced by the increase in the number of patents and registrations, for example. These are resources that require a lot of time and work to be developed. The facilities include all the production units, warehouses, offices and supporting buildings and functions for the company which help it in streamlining its processes and operations, and also lead to successful performance. Its resilient business model is a leading strength that has helped the company achieve superior sales and revenue.
The company will take possession of the car from the car dealer, and make regular payments monthly, quarterly, six monthly or annually to the finance house under the terms of the lease. Strategic management: theory: an integrated approach. For the investor it ensures that adequate security is available for the duration of the loan — as in the case of a 20 year loan secured against a property that will continue to have value for all the 20 years. Competing players are more than often unable to purchase, or acquire the intangible resources available to KFC because of associated factors and aspects of historical uniqueness, causal ambiguity, and social complexity. Moreover, these resources can easily be brought from the market, or developed in the long run. However, it is not without its focus on the customer experience that KFC has successfully gained a strong competitive edge andleadership position in the KFC was founded in Corbin, Kentucky, by Colonel Harland D. Similarly, if the corporation makes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit.
Strategic management: concepts Vol. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs. Materials Materials include all the raw materials and other packaging materials that KFC uses for the successful production and packaging of its products. The KFC HR department believes in rewarding and respecting the contributions of each individual at KFC. KFC is always evolving to make it easier for our guests to enjoy our chicken. · Since they do not carry voting rights, preference shares avoid diluting the control of existing shareholders while an issue of equity shares would not. This includes store location services and online menus.
Rather, they end up creating generic features that would be commonplace in any company in the industry in which they are operating. The company has always accentuated corporate social responsibility. As a result, the company faces little direct competition in most markets excluding the US. Industrial Marketing Management, 39 2 , pp. All intangible resources available to KFC are heterogeneous and immobile in nature at large. The Company currently operates a network of more than 21,000 restaurants across more than 130 countries and territories worldwide.
Import quotas KFC has developed strategic contracts with different countries for import quotas. Cost: which source of finance is the least expensive? Apart from digital channels, KFC uses its store and outdoor advertising for promotions. For example, the company introduced a Customer experience: An important aspect of the restaurant business is the customer experience. Preference shares usually carries no voting rights, but may carry priority over common stock in the payment of dividends and upon liquidate Preference shares may carry a dividend that is paid out prior to any dividends being paid to common stock holders. Strategic Management Journal, 31 11 , pp. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price usually a nominal sum or return the goods to the owner Venture Capital Venture capital also known as VC or Venture is a type of private equity capital typically provided for early-stage, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the company. Senior manager supervises three to four junior managers.