focus

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focus

  1. a term used to describe a firm's concentration on a single or limited range of business activities. By focusing on a ‘core activity’ the firm is better able to reap the benefits of SPECIALIZATION and access ECONOMIES OF SCALE, increase its MARKET SHARE and concentrate management's attention and capabilities on ‘what they know best’. On the debit side, however, over-specialization may make the firm vulnerable to cyclical and secular downturns in demand while limiting opportunities for achieving long-run growth. See HORIZONTAL INTEGRATION, COMPETITIVE STRATEGY. Contrast DIVERSIFICATION.
  2. a means of organizing production. See PRODUCT-FOCUSED LAYOUT.
  3. a means of conducting market research by the use of ‘focus groups’. See MARKETING INTELLIGENCE.
  4. competing in (‘targeting’) one MARKET SEGMENT only (also known as niche targeting or marketing.) See CONCENTRATED MARKETING or TARGETING STRATEGY, DIFFERENTIATED MARKETING or TARGETING STRATEGY.

focus

a term used to describe a firm's concentration on a single or limited range of business activities. By focusing on a ‘core activity’, the firm is better able to reap the benefits of SPECIALIZATION and access ECONOMIES OF SCALE, increase its MARKET SHARE and concentrate management's attention and capabilities on ‘what they know best’. On the debit side, however, over-specialization may make the firm vulnerable to cyclical and secular downturns in demand while limiting opportunities for achieving long-run growth. See HORIZONTAL INTEGRATION, DIVERSIFICATION.
References in periodicals archive ?
Focal points should be the most striking features in your garden and positioned so that your eye sweeps along and is rewarded by something special to ponder over.
Addressing the annual ninth meeting of the Global Network of R2P Focal Points in Brussels, Ambassador Dr al-Qahtani said that this integration has been done by addressing the root causes of violence in some countries and societies and by trying to address the local drivers of violence, including violent extremism that could lead to terrorism and atrocities in some countries, as well as through good offices, mediation and preventive diplomacy to prevent and resolve conflicts.
Since January 2017, CDC's Poxvirus and Rabies Branch has used the IHR national focal point network to issue health alerts regarding potential rabies virus exposures in 12 persons.
"As one of the earliest thought leaders on the GDPR and its impacts, Focal Point has built a reputation as a trusted voice on compliance with this groundbreaking legislation.
Another internal focal point for some women in labor is to focus on their respirations.
Bertie Cole, director at Arcadia Spectacular, explained: "The structure has evolved over the past five years and has really become somewhat of a focal point at festivals across the UK.
When planning a composition, I often mentally divide the picture into three components--the focal point, supportive structures, and background.
Stand at the back of the chair, with your eyes on a focal point about six feet in front of you on the floor or wall.
Knowledge is constructed relative to focal points. Focal knowledge is the focal point of the current discourse.
The remodelling will also see a new meeting room created and the entrance will be relocated to make a focal point of the school's main entrance.