Service Sector Dynamics: Competition, Strategy, and Marketing
1. Major Changes and Competition in the Service Sector
The service sector is going through a period of almost revolutionary change, and many service businesses are struggling to cope with an increasingly competitive environment. The most dramatic changes can be explained by forces including:
- Changing patterns of government regulation
- Privatization of former state-owned corporations in many countries
- Social changes
- Advances in IT
- Internationalization and globalization
- Business trends such as pressures to
William Shakespeare: Life and Major Works
William Shakespeare’s Biography
He was a: Poet, playwright, and an actor.
Born in: Stratford-upon-Avon in central England in 1564.
Died in: April 23, 1616 (at 52 years old).
Marriage: He married Anne Hathaway (who was 8 years older than him) when he was 18 years old.
Children: They had three children: Susanna, and twins Hamnet and Judith.
He wrote and acted for two important monarchs: Queen Elizabeth I and James I.
Playing Company: He had a playing company called The Lord Chamberlain’s Men, later renamed
Read MoreEconomic Impact of Hosting Major Sporting Events
The Economics of Hosting Major Sporting Events
The hosting of major sporting events such as the Olympic Games has become the subject of intense competition among nations. Governments seem willing to make large financial commitments in order to win the bidding competition, but evidence suggests that the economic impact of this spending is limited. While this outcome is easily understood in terms of rent-seeking behavior, it is suggested that organizations such as the IOC could better serve their constituents
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