core competencies, what is the difference between a resource and a capability
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Regarding core competencies, what is the difference between a resource and a capability? Elaborate. Please explain.
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- name tangible and intangible resource/capability and match each against the VRIN framework, clearly justify why any of the named tangible and intangible resource/capability qualifies to be a core competency?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.What are the differences between tangible and intangible resources? Why is it important for decision makers to understand these differences? Are tangible resources more valuable for creating capabilities than are intangible resources, or is the reverse true? Why?
- "Competency modeling can and should be tailored to each organization's own priorities, objectives, resources and timelines, as well as its own unique challenges." Discuss with an example.Explain following definitions Whistleblower, Responsibility center , Lagging, KPI, Performance management system, KPI, StrategyGive a shining example of how process choices can lead to competitive advantages?
- Interview managers at a local organisation to determine the company's main business metrics (financial, competition, provider, employee, operation, intelligence, creativity, and so on). What quality metrics does the business track? What success cause-and-effect (interlinking) interactions will be of concern to the organisation?What is LORA? Its purpose? When can it be applied in the system lifecycle? Describe how the results of the LORA and the MTA can impact each other?1.3 Conduct a resource audit of any organisation that you are familiar with, then identify which resources are unique in the sense that they are difficult to imitate. Has the organisation gained a competitive advantage due to this? Explain?
- Identifying Gaps between Competitive Priorities and Capabilities?Explain these concepts, in relation to industrial management.-core competency-above-average yields-tangible and intangible resources-capabilities -value creation1. How can the PDCA Tool help in improving the productivity and quality problem of an organization? (Explain in 30 to 50 words) 2. Aside from organizational cost, revenue, delivery, quality, and productivity problems, what other areas of life can the PDCA tool be used or applied? Site one example and explain why. (Explain in 30 to 50 words)