STRATEGIC MGMT LL CASEBOOK W/CONNECT
4th Edition
ISBN: 9781307485110
Author: Rothaermel
Publisher: MCG/CREATE
expand_more
expand_more
format_list_bulleted
Question
Chapter 4, Problem 2MS
Summary Introduction
To explain: The difference in strengths and weakness from a time of about 5 years ago.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
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.
The resourced-based view of the firm identifies four criteria that managers can use to evaluate whether particular resources and capabilities are core competencies and can, therefore, provide a basis for sustainable competitive advantage. Are these measures independent or interdependent? Explain. If some of the measure are interdependent, what implications does that fact have for managers wanting to create and sustain a competitive advantage?
Knowledge Booster
Similar questions
- 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_forwardPlease 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_forward
- Describe the core competencies a firm possesses and what it needs. What are the core competencies of your organization? Explain your answer.arrow_forwardWhat are the six arguments for competitiveness? and give examplearrow_forwardExplain what are the core and distinctive competences that a company can use to build their competitive advantage on. Give examples of 5 competitive advantages and at least two competitive competences needed to achieve them.arrow_forward
- 7. Discuss quality as a strategy. Can it be used to achieve sustainable competitive advantage? How? 8. What are the key elements affecting entrepreneurial strategy in the following environments? a. Emerging industries b. Transitional industries c. Maturing industries d. Declining industries e. Fragmented industries 9. What are the five stages for assessing entrepreneurial opportunities?arrow_forwardPropose a corporate strategy for the Coffee Merchant that will apply for the next 10 years. Critically assess the competitive advantage of the company that their current strategy offers: Identify and evaluate the factors that contribute to their competitive advantage. Referring back to your analysis up to this point, identify at least 5 issues pertinent to the Coffee Merchant. Identify an appropriate option that would be the basis of their new strategy in the light of the above Prioritise the issues and select two of them. Develop at least three options relevant for the corporate strategy. Assess these options as taught and create a proposal. Identify your final choice and discuss the impact it could have on at least three stakeholder groups. Review the stages have been undertaken for this assessment have contributed insights that informed your proposal and why they were needed to ensure your proposal is robust. Make sure you demonstrate your understanding of…arrow_forwardProvide the business strategy or a possible business strategy of a local, national or global company. Explain why the business strategy is important for the company to succeed. Explain what is meant by the term competitive priority and describe the four categories of competitive priorities discussed in the chapter. Please identify one competitive priority the company identified in question one is using. Describe the meaning of productivity. Explain the three types of productivity measures. Describe one type of productivity measure your company identified in question one is using. How is this related to their business strategy, mission or vision? Describe the three types of technologies. Explain the strategic role of technology? Please identify which of the three technologies your company identified in question one is using. If it is a product technology, please provide the name of the product.arrow_forward
- (a) What are the four main sources of key success factors? Please select two of these factors and briefly explain them with practical examples. (b) Please explain which three types of core technical capabilities in core competitiveness are classified by Prahalad and Hamel according to the production and marketing activities of enterprises? Give an example of a technology you know, and judge and discuss it with the above three elements.arrow_forward-Describe the correlation you find between Quality, Innovation and Competitiveness Note:You don't need to give a specific definition, you can use your words, as long as the idea is correct and appropriatearrow_forwardWhen an organization looks at competitive differentiation, costs of doing business, they do SWOT and SOFT analyses, all as a part of determining the strategic direction of the business. As the leader of the organization’s human resources department, you will be developing your own strategy, which will provide direction to your group on how your team will support the overall goals of the company. You work for a small-box retailer that’s a little late getting into the ecommerce space. Now, the company wants to move quickly from a “bricks-and-mortar” only approach to one that embraces omnichannel retailing. Why? Because the competition is eating their lunch! Currently, the company’s website is barely a page or two. One page features an “about the company” area and a list of store locations. As an HR leader, you have a recruiting page on it and a link to your application system, but that’s about it. Ecommerce and omnichannel retailing seem light years away, but the company’s five-year…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON