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Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?
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- What is value chain analysis? What does the firm gain by successfully using this tool? What is outsourcing? Why do firms outsource?Why is it important for a firm to study and understand its internal organization? What is value? Why is it critical for the firm to create value? How does it do so?Describe the core competencies a firm possesses and what it needs. What are the core competencies of your organization? Explain your answer.
- What is value chain analysis? What does a firm gain by successfully using this tool?What is the value chain analysis? What does the gain firm when they successfully uses this tool?See if you can identify the value chain relationships that make the businesses of the following companies related in competitively relevant ways. In particular, you should consider whether there are cross-business opportunities for (a) transferring competitively valuable resources, expertise, technological know-how, and other capabilities, (b) cost sharing where value chain activities can be combined, and/or (c) leveraging use of a well-respected brand name. LO8-1, LO8-2, LO8-3, LO8-4 Bloomin’ Brands Outback Steakhouse Carrabba’s Italian Grill Bonefish Grill (market-fresh fine seafood) Fleming’s Prime Steakhouse & Wine Bar L’Oréal Maybelline, Lancôme, Helena Rubinstein, Kiehl’s, Garner, and Shu Uemura cosmetics L’Oréal and Soft Sheen/Carson hair care products Redken, Matrix, L’Oréal Professional, and Kerastase Paris professional hair care and skin care products Ralph Lauren and Giorgio Armani fragrances Biotherm skin care products La Roche–Posay and Vichy Laboratories…
- Answer briefly, What are the risks of relying too heavily on technology in knowledge management initiatives?Briefly evaluate the strengths and potential sources of competitive advantage in your organization using value-chain analysis (Using a real-world example)According to different types of strategies, what should these firms use? How the selected strategy can be effective for the organization?
- What is your organization`s competitive advantage?What type of management system would support the creation, organization and dissemination of business knowledge to staff throughout a company. a.Management information system. b.Strategic information system. c.Knowledge management system. d.Executive management system. Two concepts that shape much of the strategy that companies employ are: a.Value chain analysis and applying the five forces model. b.Applying the forces model and an integrated approach. c.Value chain analysis and having a competitive advantage. d.Applying the five forces model and having a competitive advantage. Profit and loss analysed by a company would need to access current sales figures and not access past sales figures from several years ago. What kind of information would this be? a.Information that is valid b.Information that is reliable. c.Information that is accurate. d.Information that is timely.Suggest alternative measures to operationalize a concept such as the “international experience” of a firm. What are the strengths or weaknesses of the alternative measures?