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

Barriers to whsms implementation - From cruelty to goodness by philip hallie - Report - What did charles perkins do - 3964 sycamore st pasadena ca - Piers harris 3 interpretation overview - Book week ideas for schools - Su 37557 7 error ps4 - Nelson biology 12 unit 2 review answers - Balanced unbalanced forces worksheet - Speed test bt wholesale c - Accompanies history of floral design - Chemistry periodic table scavenger hunt - Commission expense on income statement - What was the concordat of 1801 - 2019 mufon symposium embracing the future - Discussion 04: Ethics in the Era of ACA - Essay about concepts of health and disease and - Boiling point elevation in multiple effect evaporator - Mass media ethics case studies - Strategic groups beer industry - Chapter 1 introduction to statistics 1.1 exercises answers - Starbucks barista certification test - Mid peninsula water district - Total no of vedas - Athlean x xero pdf - Biochemistry lab report - First step of the marketing process - Capstone Fall Prevention Program Project Literature Review - Gmgt 2010 - Ethics of Journalism - How to write a report at university level - Why does aguinaldo think that the united states is betraying its own values? - A system of two paint buckets connected - St elizabeth's ward mater hospital - How do vitamins work ted ed - Varsouviana in streetcar named desire - Mini Research Paper - The rime of the ancient mariner imagery - The radicalism of the american revolution pdf - Conclusion of julius caesar drama - Writing assignment 3 - Job instruction sheet for counter person - A kitchen poem gwen harwood - Tutor acc on sale - Member railwayspensions co uk - Applications of nanotechnology ppt - Two boats leave a port at the same time - Non functional pencil grasp - Kansas city preventive patrol - Ch3i polar or nonpolar - If the activity level increases 10 total variable costs will - See the questions below - Communication - A manufacturing company uses an acceptance scheme - Nursing care plan for headache - Ece teacher job description - Econ Essay - Saville assessment professional styles answers - What are the characteristics of chemical equilibrium - Sodium carbonate and hydrochloric acid - Saddle stitcher sd 511 - Discussion - Information Systems - Business and professional writing macrae - Assumptions and constraints examples - Econ writing draft - Vodafone and hutch merger case study - Maths sample space diagrams - A) In casting processes, - Hno3 + koh ionic equation - Chapter 2 frequency distributions and graphs - What instrument is used to measure radioactivity - 18 cross road myrtle bank - 1 2 kg to pounds - Chestnut hill hospital volunteer - 64mm top hat price - Charges and electric potential mastering physics - Mayo clinic swot analysis 2018 - Handmaid's tale discussion questions by chapter - Rock paper scissors lizard spock diagram - Identifying nouns answer key - Percy jackson chapter 3 questions and answers - Why does alka seltzer fizz in water - Foreign direct investment by cemex - EDU-534 final benchmark - 75 cl in ml - Guyland chapter 1 summary - One page - Francis chan crazy love chapter 2 - Ucs kvm connection failed - I forgot my learnlink password - RESEARCH PROPOSAL OUTLINE - A major purpose of cost accounting is to - Mini golf castro valley groupon - Human Resource (tutorjass) - Www hpcharity co uk - Kfc supply chain management case study - EDU - Manpower vera bradley