STRATEGIC MGMT LL CASEBOOK W/CONNECT
4th Edition
ISBN: 9781307485110
Author: Rothaermel
Publisher: MCG/CREATE
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Chapter 4, Problem 4MS
Summary Introduction
To explain: How to persuade the employer of Person X that he could be a vital source of competitive advantage.
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onsider the business of delivering healthcare. Select a healthcare business such as a hospital, nursing home, or a long-term care facility and reflect on what the healthcare business you selected needs to continue delivering care to its patients from an operational perspective. Finally, select a healthcare manager from the type of healthcare business you selected with whom to conduct an interview. When conducting the interview, focus the conversation on the following:
What are the key operational decisions that healthcare managers must consider when determining the annual budget for healthcare business?
Who are the stakeholders involved in overseeing that a healthcare facility is operationally sound?
What are the funding sources for the healthcare business and how are they obtained and maintained?
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What is more important for a firm–profit maximization or value maximization? What issues or conflict of interest can come up between owners and managers and how can they be solved?
The foundations of competitive advantage are resources, capabilities, and core competencies. Explain how employees (intangible resources) create internal capabilities for an organization that lead to core competencies.
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- hat are the key reasons for the poor competitiveness of some companies?arrow_forwardWhat is the Boston Consulting Group Model? Choose a company and use this model to discuss its market share and market growth status. Are there stars, cash cows, dogs, and question marks in the products of the company? Make your recommendations.arrow_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
- Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected?arrow_forwardWe evaluate business performance primarily by the financial results. Describe a situation where non-financial performance measures would give a better view of how an organization is working toward its goals. Give examples and fully explain your comment.arrow_forwardDevelop 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.arrow_forward
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