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Michael Porter's generic strategies describe how a company can pursue competitive advantage across its chosen market scope. There are three generic strategies: lower cost, product differentiation, or focus. The focus strategy has two variants, cost focus and differentiation focus, so it is possible to see the concept in terms of four distinct ...
Narrow scope: the digital economy comprising digital services and the platform-based economy, [22] Broad scope: the digitalized economy comprising digitalized sectors such as e-Business, e-Commerce, advanced manufacturing, precision agriculture, algorithmic economy, sharing economy, and gig economy.
As much as narrow and relatively general AI is slowly starting to help out societies, they are also starting to hurt them as well. AI had already unfairly put people in jail, discriminated against women in the workplace for hiring, taught some problematic ideas to millions, and even killed people with automatic cars. [ 10 ]
Once approved, the project reviews it. This also helps define project scope. [5] The problem statement is referenced throughout the project to establish focus within the project team and verify they stay on track. At the end of the project, it is revisited to confirm the solution indeed solves the problem.
Marketing myopia is the tendency of businesses to define their market so narrowly as to miss opportunities for growth. It is suggested that businesses will do better in the long-term if they concentrate on improving the utility of a product or good, rather than just trying to sell their products. [1] [2] [3]
Value-add of the manager: a manager that is adding value by training and developing new skills in the workers will need a more narrow span of control than one who is focused only on performance management (this is the reverse of the capability of workers point above)
The scope of an article is the range of material that belongs in the article, and thus also determines what does not belong in it (i.e., what is "out of scope").. The title together with the lead section (ideally, the introductory sentence or at least the introductory paragraph) of an article should make clear what the scope of the article is.
Scope management is the process of defining, [3]: 481–483 and managing the scope of a project to ensure that it stays on track, within budget, and meets the expectations of stakeholders. See also [ edit ]