Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Dyson core competencies

26/03/2021 Client: saad24vbs Deadline: 2 Day

Corporate Strategy.

Week 6: Lecture

Analysing Strategic

Capability.

Resource-Based View:

- introduce what the RBV is.

Foundations of Strategic Capability:

- understand resources & capabilities.

VRIN Analysis & Advantage:

- see how VRIN tests capabilities.

Learning Outcomes.

2

Just as the external business environment is important (opportunities and threats), managers need to understand the the internal firm environment: the unique strengths and weaknesses of their firm relative to their competitors.

Internal Business Environment.

doing things

When Google entered the search engine market in 1998, there were many established rivals, e.g. AltaVista, HotBot, Lycos, Yahoo! etc.

But Google did not care much about competition. From the start, Google was happy to be different, i.e. different strategies & products.

From 2003, Google diversified into various industries such as Android phones, self-driving car project, Google glass etc.

Watch this video on Google history:

https://www.youtube.com/watch?v=n9eo8b3hEns

diFFerently

Strategic fit is about developing strategy by identifying opportunities in the business environment and adapting resources and competences so as to take advantage of these.

Strategic stretch is about identifying and leveraging the resources and competencies of the organization to yield new opportunities or to provide competitive advantage.

The contrast between strategic fit and strategic stretch exemplifies different views on how firms should compete in global markets.

Strategic Fit versus Strategic Stretch.

Resource-Based View of Strategy.

The RBV says that advantage and superior performance stem from the distinctiveness of what firms can do.

Positioning View: the business opportunity should be the starting point for developing successful strategies.

Resource-Based View: unique firm resources should be the starting point for developing successful strategies.

The RBV suggests that firms differ in their bundles of resources and what they can do – their capabilities.

6

Firms have resources and capabilities.

Resources are all assets, capabilities, organizational processes, firm attributes, information, knowledge, patents, real estate etc. controlled by a firm.

Capabilities are complex bundles of skills and collective learning, exercised through organizational processes, that ensure superior coordination of functional activities.

The Components of Capability.

Competence as Tree Metaphor.

Resources versus Capabilities.

9

Threshold & Distinctive Capabilities.

Threshold Capabilities are those needed to meet necessary requirements to compete in a given market & achieve parity with competitors – ‘qualifiers’.

Distinctive (Unique) Capabilities are those that critically underpin competitive advantage & that others cannot imitate or obtain – ‘winners’.

10

Threshold & Distinctive Capabilities.

(Note this for our seminar analysing the James DYSON case!)

11

Identifying Resources & Capabilities.

Capabilities: different ways to identify:-

1). Kay (1993) - Architecture, Reputation, Innovation.

2). Functional Areas: e.g. Marketing, Distribution etc.

3). Value Chain: analyse through primary & secondary activities

How do we identify these for an organisation?

Resources:

1). Grant’s (1998) three categories of Tangible, Intangible & Human to analyse.

2). SWOT can identify resources too.

12

Managers must understand the economic value of the different activities that a firm performs.

Value added is the difference between the cost of inputs and the market value of outputs; it is the value that a firm adds to its bought-in materials and services through its own production and marketing efforts within the firm.

The Concept of Value Added.

Example: Product value of South African grapes

Source: Frynas, J. G. and Mellahi, K. Global Strategic Management 3e (Oxford University Press, 2014)

Value Chain Analysis.

Source: Adapted with the permission of The Free Press, a Division of Simon & Schuster, Inc., from Competitive Advantage: Creating and Sustaining Superior Performance

by Michael E. Porter. Copyright © 1985, 1998 by Michael E. Porter. All rights reserved

Value chain analysis depicts the main activities inside the firm and aims to reveal the relative value added amongst the different parts of the firm’s operations.

Undertaking a value chain analysis helps the firm to understand its cost position and to identify its competitive strengths.

15

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

24/7 Assignment Help
Supreme Essay Writer
Quick Mentor
Academic Master
Helping Hand
Professional Coursework Help
Writer Writer Name Offer Chat
24/7 Assignment Help

ONLINE

24/7 Assignment Help

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$124 Chat With Writer
Supreme Essay Writer

ONLINE

Supreme Essay Writer

I will cover all the points which you have mentioned in your project details.

$88 Chat With Writer
Quick Mentor

ONLINE

Quick Mentor

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$27 Chat With Writer
Academic Master

ONLINE

Academic Master

I will cover all the points which you have mentioned in your project details.

$18 Chat With Writer
Helping Hand

ONLINE

Helping Hand

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$115 Chat With Writer
Professional Coursework Help

ONLINE

Professional Coursework Help

Give me a chance, i will do this with my best efforts

$21 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Words with oe long o - Group properties roles norms status size cohesiveness and diversity - Ekg interpretation cheat sheet - Differential oscilloscope probe schematic - Nicomachean ethics translated by terence irwin pdf - Boring tedious jobs generally reduce people's perceptions of their - Lauren ankeles - At dusk by natasha trethewey analysis - Article critique - Loose stock dyeing machine - Delta airlines case study strategic management - Sam shepard monologues female - Hastings corporation is interested in acquiring - Evaluate log3 1 81 - Risk Management Week 3 Discussion - Naked statistics sparknotes - 22.2 shape center and spread answers - Pandora's box 7 game list - Week 2 Discussion Questions - Thomas gordon 12 roadblocks - Denver airport automated baggage system - How to write reflective journal in nursing - Dissertation Seminar - 6 consecutive numbers add to 99 - Burning characteristics of cotton - Ohno company specializes in manufacturing - Assignment 8 - Medgar evers student email format - Principles of incident response and disaster recovery - Bennis competency based leadership model - Just another case of that old pta meaning - Government Assignment 1 - Short Essays - Kerry foods graduate scheme - Http www calstatela edu library guides 3asa pdf - BUS 310 Week 5 Quiz - Health Policy and Management - Before the flood discussion questions answers - Psychographic segmentation of domino's pizza - Social media creates isolation argumentative essay - Open mind portrait template - Www epocrates com products licenses activate html - Autodesk inventor icons list - CJ 2400 MOD 6 - Landen corporation uses a job order costing system - Holiday lock on centurion gate motor - Umass ulearn - Kings college london keats - Journal - Wander pack surplus os easy packing backpack duffel - Cirque du soleil permanent locations - Journal Article Summaries/Evaluation - Too big to fail movie worksheet answers - Discussion 1 Business Ethics - John scofield en route - Sankey diagram solar panel - Juno movie questions and answers - Policy, Legal, Ethics and Cmplc - Commbank 2 factor authentication - Community health capstone project ideas - Quotes from othello about desdemona cheating - Discussion - 4 - War horse plot book - 4 Questions - Critical thinking self assessment - Chelsea cup final tickets - Introduction to statistical signal processing - Alcohol is classified as an - The wall street journal classroom edition chapter 1 answers - Twenty one pilots self titled dropbox - Bs en iso 13788 2002 - What is the iupac name for ch3 ch2 ch2 sh - Transformer oil dehydration machine - What is needed to determine a facility's cmi - Securities and international regulatory agencies eth 321 - Do acidic conditions deactivate amylase - P10 1a accounting answers - Sunpower e20 327 e ac - Shadow health chest pain answers - Thomas pink terminal 5 - Shoalhaven historic vehicle club - Paper - Diverse range of entrepreneurial ventures - CLC - Evidence-Based Practice Project: Intervention Presentation on Diabetes - Norman melchert the great conversation 7th edition - Ideally though key and peele - Properties and reactions of acids and bases lab report - Snap on torque wrench - Job cover letter and resume - Facebook makes us sadder and less satisfied - Independent project 6 5 - 10/304 wharf road newcastle - Does lady macbeth kill herself - Qs 5 11 perpetual inventory costing with lifo lo p1 - Routing and switching basics pdf - Virtual task in systemverilog - Manova using spss - Fingerprint smudges are present on the cuvette containing the solution - High school dropout rates essay