Please original work. Why does a company racing to stake out a strong position in an industry of the future need strategic alliances?
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Please original work.
Why does a company racing to stake out a strong position in an industry of the future need strategic alliances?
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- Through forming strategic alliances, what kind of competitive advantage does an organisation typically hope to gain?The pursuit of competitive advantage requires a strategist to discover or build a company’s corecompetencies which will constitute the vehicle that will drive the implementation of successfulstrategies. A renowned global consulting firm, McKenzie Consulting Group states that “in orderto gain and sustain competitive advantage, an organization should at least possess three corecompetencies which will form the foundation upon which successful strategies are developed”.Required:a. Briefly distinguish resources from core-competencies? b. Choose a Ghanaian or Multinational Company operating in Ghana and identify any fivetangible resources /capabilities and five intangible resource/capabilities c. Take each one of the above named tangible and intangible resource/capability and matcheach against the VRIN framework, clearly justify why any of the named tangible andintangible resource/capability qualifies to be a core competency? d. Based on the outcome of your analysis above would you say the…What is the most important factor in a strategic alliance?
- Which alternate pathway— acquisition, licensing, or partnering—could be an effective way to continue advancing a technology toward the market in each of the following situations? 1. The cost of both commercializing and developing the product is very high, but no one else in the field has the capability to develop it better than your team 2. Your team is made up of graduate students with differing career interests and no ability to personally take the product forward, but you have invented something very novel that you’d all like to see reach patients 3. There are a number of companies working in your clinical area, but your team has a significant head-start in developing an interesting new technology 4. This method grants the a company rights to the technology but there are conditions and limitations on what they can do with it. A. Non-Exclusive License B. Licensing C. Acquisition D. PartneringAs of May 2018, what challenges had PT faced in recent years? Assess the factors in the internal and external environment that led to those challenges? Analyze the industry competition conditions that PT faced. Identify the key external factors that affected PT’s strategic decision. Develop a SWOT Analysis for PT to help King develop his strategy. Indicate how each of elements from the four (4) components from your SWOT, can be used to enhance PT’s competitive advantage. Each component of your SWO must have at least three (3) elements If you were Phillip King, chairman of PT, what recommendations – at least four (4), would you make to improve company performance and address the challenges you outlined in question 1. Provide clear justifications for your reasons.what type of corporate diversification strategy should a coffee shop business adapt?
- 5 Forces of Industry Competition: (for each force, state whether it is strong, moderate, weak, and then list the supporting facts about the industry that led to your conclusion – bullet points are fine)Go online and search for “strategic alliance,” and identify three recently formed alliances. For each alliance, identify whether the companies’ other products are generally competitors or complementary products. What are the goals of the alliance? What brought them together? Discuss whether you think a strategic alliance is an effective way for these organizations to meet their goals.How can strategic alliances and partnerships be used to support the development of new business opportunities?
- The pursuit of competitive advantage requires a strategist to discover or build a company’s core competencies which will constitute the vehicle that will drive the implementation of successful strategies. A renowned global consulting firm, McKenzie Consulting Group states that “in order to gain and sustain competitive advantage, an organization should at least possess three core competencies which will form the foundation upon which successful strategies are developed”.Required: 1. Briefly distinguish resources from core-competencies? 2. Choose a Ghanaian or Multinational Company operating in Ghana and identify any five tangible resources /capabilities and five intangible resource/capabilities 3. Take each one of the above named 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? 4. Based on the outcome of your analysis above would you…What type of competitive advantage does any company normally seek to create by engaging in strategic alliances?Discuss some of the challenges that managers must overcome in making strategic alliances successful.What are some strategic alliances with which you are familiar?
