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.

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.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 2ED

See similar textbooks

Similar questions

Non-financial performance indicators Identifying the critical success factors of a business is a key element in determining the non-financial performance indicators. Select an organization that you are familiar with, define the organization’s objectives, and identify two (2) critical success factors, and recommend one non-financial performance indicator, which must be measurable (expressed in a numerical formula). Note: the organization could be a business, a restaurant, a shop, a school club, as long as the organization’sobjectives are clear.
"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.
Imagine that you are the manager of a housekeeping service. Specifically describe how you would use the concepts of (1) scope of the firm, (2) horizontal integration, and (3) vertical integration to build and achieve a competitive advantage over rival housekeeping services.
Does every company have to cascade the balanced scorecard to lower levels of organization? If they do, for how many levels the cascading needs? What is the basis an organization to do cascading balanced scorecard to more levels low (lowest)?
Explain what are the core and distinctive competences that a company can use to build their competitive advantage on. Give examples of 5 competitive advantages and at least two competitive competences needed to achieve them.
Develop The following for an strategy for Office Outfitters, focusing in the implementation of a new consulting service application to increase customer acquisition and be more competitive in the furniture market for implementing a growth strategy by creating an Enterprise Project Management Office (PMO). Scope Governance How will the project be governed? What governance structures are to be created for the PMO? Identify key participants (available job titles) for governance roles. Based on the governance structure and participants, what are the key roles and responsibilities Preliminary Costs What are the cost components?
Introduce the concept of the Black Swan to the CEO. Provide examples. Explain how Black Swans can impact the corporate strategy, and why.
Regarding core competencies, what is the difference between a resource and a capability? Elaborate. Please explain.
a.) Describe quality and profitability relationship. b.) On the strategic planning, environmental assessment. Pls describe SWOT approach, and identify the similarities and differences of "S", "W", "O", and "T". c.) Describe quality and performance excellence, and compare their difference
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?
4. When an organization is evaluating its strategic position, which is NOT one of the strategic questions that an organization may ask itself? a. If no changes are made, where will the organization be in 10 years? b. Where is the organization now? c. If the evaluation is negative, what specific actions should management take? d. Are we a socially responsible firm? e. If no changes are made, where will the organization be in one year?
Nametso Senwelo, founder of Sunflower Desserts, reviewed performance her business andobserved the following for the past financial years: High growth and low market share product offerings. She needs a lot of cash needs but is currently generating little cash She needs to increase the market shareGive Nametso advise on how to grow her company's market share and turn it into a "Star" usingthe BCG matrix.