Describe the core competencies a firm possesses and what it needs. What are the core competencies of your organization? Explain your answer.
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Describe the core competencies a firm possesses and what it needs. What are the core competencies of your organization? Explain your answer.
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- What are the benefits of using internal sources for developing new technologies, products, and/or processes? What are the potential disadvantages?What actions can help a firm grow?Reflect on your experience in this course. What do you consider as, potentially, the most important elements when working to improve an organization’s competitive advantage and create value for all stakeholders?
- Identify two current organizations—one organization facing a low-risk competitive environment and one facing a high-risk competitive environment. For each of these organizations, explain why you have evaluated its competitive environment as either low risk or high risk, using strategic planning and analysis concepts (such as Porter's Five Forces Model) For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?Considering that you are opening a new business of your own, so to know about the competitive strength, use porters five forces to analyze competition for the business.
- To plan to compete against other firms, a firm needs to understand what physical, financial, and human resources it has, what it is good at, and how it is organized. TRUE OR FALSEEvaluate FedEx’s performance relative to customer expectations. What is the outcome of this process?Briefly evaluate the strengths and potential sources of competitive advantage in your organization using value-chain analysis (Using a real-world example)
- The questions “Who are our customers?” and “What is our core competency?” are answered in the firm’s?Could a firm simultaneously pursue focus, differentiation, and cost leadership? Should firms do that? Discuss and explain in details.What does the following mean? Please explain. “It many be that not just a few resources and capabilities enable a firm to gain a competitive advantage but that literally thousands of these organizational attributes, bundled together, generate such advantage”