Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 4, Problem 2MS
Summary Introduction
To explain: The difference in strengths and weakness from a time of about 5 years ago.
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Briefly evaluate the strengths and potential sources of competitive advantage in your organization using value-chain analysis (Using a real-world example)
Develop a Balanced Scorecard for 'Amazon' as a business/company. Provide a thorough analysis of the Scorecard.
The scorecard is utilized to understand how well the strategy ideas support the organization and achieves the balance of the company needs versus consumers. Some of the key categories are below:
Financial Metrics: How will you measure success or progress for your alternatives?
Operations / Internal processes: What processes will be used in support of your strategy alternatives?
Learning and growth measures: What actions are required for employees?
Customer Measures: What customer measures are needed to support improvements?
Other (Social Responsibility, Business Ethics, Managers)
Global Evaluation: What is the global presence of your company? Evaluation can be based on cultural, political, financial, legal elements.
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- Give an example of a company and its core competencies. When defining the core competencies for the company, argue how these core competencies/competencies pass Prahalad and Hamel's (1990) core competency test. Also, identify at least three different capabilities of the company and conduct a VRIN analysis (in table form). When identifying the capabilities or resources, be sure to identify and explain if these are resources OR capabilities.arrow_forward2 What competencies best describe (a) your college or university and (b) your favorite restaurant?arrow_forwardSee if you can identify the value chain relationships that make the businesses of the following companies related in competitively relevant ways. In particular, you should consider whether there are cross-business opportunities for (a) transferring competitively valuable resources, expertise, technological know-how, and other capabilities, (b) cost sharing where value chain activities can be combined, and/or (c) leveraging use of a well-respected brand name. LO8-1, LO8-2, LO8-3, LO8-4 Bloomin’ Brands Outback Steakhouse Carrabba’s Italian Grill Bonefish Grill (market-fresh fine seafood) Fleming’s Prime Steakhouse & Wine Bar L’Oréal Maybelline, Lancôme, Helena Rubinstein, Kiehl’s, Garner, and Shu Uemura cosmetics L’Oréal and Soft Sheen/Carson hair care products Redken, Matrix, L’Oréal Professional, and Kerastase Paris professional hair care and skin care products Ralph Lauren and Giorgio Armani fragrances Biotherm skin care products La Roche–Posay and Vichy Laboratories…arrow_forward
- Please original work Background info: Emma has been tasked with giving a strategy presentation to the CM Tech board of directors proposing how elements of the environment should be built into CM Tech’s strategy. Emma asks you to do some research to help support her presentation. She’s not sure what her options are and would like more information on what she should consider for her presentation. In what ways can CM Tech create value for the members of the community in which they operate? How might some of these actions tie to CM Tech’s strategy? In what ways can CM Tech create value for the nature environment in which they operate? How might some of these actions tie to CM Tech’s strategy? In what ways can CM Tech embrace sustainability efforts? How might some of these actions tie to CM Tech’s strategy? Please in cite text and add weblinksarrow_forwardDescribe the core competencies a firm possesses and what it needs. What are the core competencies of your organization? Explain your answer.arrow_forwardExplain the concepts of Quality, Innovation and Competitiveness and if you believe that there is (or is not) a correlation between them, explain why.arrow_forward
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