SBANC Newsletter
October 18, 2005
Issue 394-2005
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QUOTE
"An organization's ability to learn, and translate that learning into action
rapidly, is the ultimate competitive advantage."
--
Jack Welch
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FEATURE PAPER
Poko Rekords
A Tale of a Major Finnish Record Company
This paper was presented by Manu Aunola of Tampere University of Technology at
the 2005 Allied Academies International Conference.
Abstract
This
paper presents the main points of an analysis of the entire successful
lifespan
of one of the largest Finnish-owned
record companies
from its creation to its present existence as a part of the multinational
EMI group. The strategic
evolution
of Poko Rekords is analyzed in this paper through the strategy
logic perspective.
The analysis shows how the strategy logic of Poko Rekords evolved
as the company transformed from
a hobby to
a serious player in the Finnish music industry. The
paper also strives to discover
why some of the changes in Poko’s
strategy have been more successful than others. Eventually this paper
endeavors to reveal what were Poko’s competitive advantages that
made it an interesting acquisition object for all of the multinational
record companies
operating in Finland.
Introduction
Finnish record industry has never been a common research topic
among academics, mostly because of its relatively small size compared
to, for example, the Finnish forest industry. Especially strategy-focused
research has so far been virtually nonexistent. However, this ground-breaking
study is meant to be an important first step in filling this research
gap as it covers the entire successful lifespan of one of the largest
Finnish-owned record companies, namely Poko Rekords, from its creation
to its present existence as a part of
the multinational EMI group.
Read the Entire Paper...
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CONFERENCES
IBM
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Who: |
IBM |
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What:
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IBM
Forum: Risk, Governance & Regulatory
Compliance Solutions
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Where: |
Mohonk Mountain House in New York |
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When:
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October 31-November 2, 2005 |
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Institute
for Small Business & Entrepreneurship
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Who:
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Institute for Small
Business & Entrepreneurship |
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What:
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28th NATIONAL CONFERENCE
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Where: |
Hilton Hotel, North Promenade, Blackpool, UK |
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When:
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November 1-3, 2005 |
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National Association of Purchasing
Management-Arkansas
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| Who: |
National Association of Purchasing
Management-Arkansas |
| What: |
The Ozarks Regional Purchasing and Supply Management
Conference
|
| Where: |
The Inn at Carnall Hall, University of Arkansas,
Fayetteville, Arkansas |
| When: |
November 1-2, 2005 |
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Consortium for Entrepreneurship
Education
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| Who: |
Consortium for Entrepreneurship Education |
| What: |
23rd Annual Entrepreneurship Education Forum
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| Where: |
Orlando, Florida, USA |
| When: |
November 5-8, 2005 |
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USASBE/SBI
2006 Joint Conference
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| Who: |
United States Association for Small
Business and Entrepreneurship/Small Business Institute |
| What: |
USASBE/SBI 2006 Joint Conference
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| Where: |
JW
Marriott Starr Pass Resort & Spa in Tuscon,
Arizona |
| When: |
January 12-15, 2006 |
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CALLS FOR PAPERS
European
Institute of Retailing and Services Studies
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Who:
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European Institute of Retailing and
Services Studies |
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What:
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13th International Conference
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Where: |
Corinthia Grand Hotel Royal in Budapest, Hungary |
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When:
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July 9-12, 2006 |
Submission Deadline:
November 1, 2005
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IPSI-2006
AMALFI
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| Who: |
Internet,
Processing, Systems, and Interdisciplinary (Research) |
| What: |
IPSI-2006
AMALFI
|
| Where: |
Hotel
Santa Caterina in Amalfi, Italy |
| When: |
March
23-26, 2005 |
Submission
Deadline:
November 15, 2005 (abstract)
January 15, 2005 (full paper)
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International
Council for Small Business
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Who:
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International Council for Small Business |
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What:
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51st World Conference |
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Where: |
Melbourne, Australia |
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When:
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June 18-21, 2006 |
Submission Deadline:
January 15, 2006
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2006
Family Enterprise Research Conference (FERC)
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Who:
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Schlegel Center for Entrepreneurship |
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What:
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2006 Family Enterprise Research Conference (FERC)
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Where: |
Sheraton on the Falls in Niagara Falls, Ontario,
Canada |
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When:
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April 28-30, 2006 |
Submission Deadline:
January 31, 2006
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Institute
for Business and Finance Research (IBFR)
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| Who: |
Institute for Business and Finance
Research (IBFR) |
| What: |
The 2006 Global Conference on Business and Finance
(GCBF)
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| Where: |
Hotel Herradura: Golf Resort and Conference Center
in San Jose, Costa Rica |
| When: |
May 31-June 3, 2006 |
Submission
Deadline:
March 17, 2006
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TIP OF THE WEEK
The
Competition
No matter what type of business you own or are planning to start,
other companies want your customers. The fact that competition exists
means you have tapped into a viable market with customers who want
to buy the goods and services you have to sell. That's why other
businesses, like yours, want to profit from them.
Even if you are trying to sell a new type of product, such as a
ground breaking new technology, expect competition. There may be
no comparable product on the market, but there's probably something
else that fits the market need. Take the photocopier, for instance.
It was the first product of its kind but still faced competition.
People were already duplicating documents using carbon paper and
mimeograph machines.
The words "we have no competition" in
a business plan indicate to potential investors that a) an entrepreneur
hasn't
fully examined the realities of the business, and/or b) no market
exists
for the concept. If you're sure you have a market, you can be
sure you have competition.
In the short term, understanding -- and describing -- your competition
helps you present a stronger case to your business plan readers.
In the long term, keeping an eye on your competition keeps you on
your toes and helps you build and run a better business.
Just as important as knowing your competition is learning from it.
Watch what your competitors are doing right and doing wrong. That
will show you how to better serve your potential customers and uncover
strategic opportunities in the market.
Understanding
your competition proves you can:
- Distinguish
your company from others
- Identify factors
that will make customers choose your offerings over others
- Respond
to the need that aren't currently being addressed by competitors
- Figure
out what you're up against and be prepared to tackle competitive
obstacles to your success
| Abrams, Rhonda. Business Plan in a Day. Palo Alto: The Planning Shop, 2005. 45. |
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ANNOUNCEMENTS
Arkansas Workers' Compensation
Commission (AWCC)
Rule Change Proposal
Attention Arkansas
residents:
The Arkansas Workers'
Compensation Commission has announced its intent
to
revise four
Rules of the Commission:
Rule 3, "Employer
Filing Requirement"
Rule 4, "Termination of Coverage by Insurance Carrier: Employer
to Obtain New Coverage"
Rule 5, "Self-Insurance Program"
Rule 38, "Third Party Administrators"
Written comments
will be accepted through 4:30 p.m. Monday, November 14, 2005.
Direct comments to Richard Lucy at rlucy@awcc.state.ar.us or
P.O. Box 950, Little Rock, AR 72203-0950
The Proposed Rules
are available at www.awcc.state.ar.us under "What's New."
A public hearing
on the rules is scheduled for 10 a.m. Friday, October 21, 2005
in Hearing Room A at the AWCC, 324 Spring St., Little Rock. Those
intending to speak should bring written copies of their comments
to leave with the AWCC.
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University
Positions Open:
Syracuse
University, Dept of Entrepreneurship & Emerging Enterprises
The Department
of Entrepreneurship and Emerging Enterprises (EEE) at Syracuse
University is seeking a high potential scholar to join a growing
team of academic entrepreneurs dedicated to leading edge research,
curriculum innovation, and high impact regional, national,
and international outreach.
Candidates for the position must be able to contribute to the three program
elements: research, teaching, and outreach.
Application materials should include a letter describing the candidate's
interest in and qualifications for the position, curriculum vitae, and the
names,
addresses, email addresses, and telephone numbers of at least three individuals
who can serve as references.
For more information on the program, go to www.whitman.syr.edu/eee/
Requests for information and written nominations and applications should
be directed to:
Dr. Michael Morris,
Chair
EEE Search Committee
Whitman School of Management
Syracuse University
Syracuse, New York 13244
Phone: 315-443-3164
Fax: 315-443-2654
Email: mhmorris@syr.edu
Pittsburg State University, Dept of Management & Marketing
Pittsburg State University has a full-time tenure track
position in International Business at the Assistant/Associate Professor
level open in the Department of Management and Marketing. Candidates
must be prepared to teach MBA-level as well as undergraduate courses,
and to do both research and service. A doctorate from an AACSB
accredited business program will be required at the time of hiring,
and preference will be given to individuals who have an interest
in teaching international business.
For more information on Pittsburg State's Department of Management and Marketing,
go to www.pittstate.edu/mgmkt/
If interested, please send CV and names, phone numbers and e-mail addresses
of 3 references to:
International
Business Search Committee
Department of Management & Marketing
Pittsburg State University
1701 S. Broadway
Pittsburg, KS 66762
The SBANC Newsletter
is provided as a service to the members of our affiliates: Academy
of Collegiate Marketing Educators (ACME), Association for Small Business& Entrepreneurship
(ASBE), Decision Sciences Institute (DSI), Federation of Business Disciplines
(FBD), International Council for Small Business Congress (ICSBC), Institute
for Supply Management, The International Small Business Congress (ISBC),
Marketing Management Association (MMA), Small Business Administration
(SBA), Service Corps of Retired Executives, Small Business Institute
(SBI), Society for Marketing Advances (SMA), United States Association
for Small Business & Entrepreneurship (USASBE), U.S. Department
of Veterans Affairs and Western Decision Sciences Institute (WDSI).
If you are interested in membership or would like further information
on one of our affiliates, please see our web site at http://www.sbaer.uca.edu
SBANC STAFF
Main Office Phone: (501) 450-5300
Dr. Don B. Bradley III, Executive Director
of SBANC & Professor of Marketing
Direct Phone: (501) 450-5345, E-mail: donb@uca.edu
Esther Mead, Graduate Research, E-mail: esthermead@gmail.com
Ashley Ford, Development Intern, E-mail: ASHatsbanc@hotmail.com
Olivia Johnson, Development Intern, E-mail: reneeatuca_2003@hotmail.com
To subscribe or
unsubscribe to the SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu |
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