STRATEGIC MGMT LL CASEBOOK W/CONNECT
4th Edition
ISBN: 9781307485110
Author: Rothaermel
Publisher: MCG/CREATE
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Chapter 4, Problem 2MS
Summary Introduction
To explain: The difference in strengths and weakness from a time of about 5 years ago.
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Develop a Balanced Scorecard for 'Amazon' as a business/company. Provide a thorough analysis of the Scorecard.
The scorecard is utilized to understand how well the strategy ideas support the organization and achieves the balance of the company needs versus consumers. Some of the key categories are below:
Financial Metrics: How will you measure success or progress for your alternatives?
Operations / Internal processes: What processes will be used in support of your strategy alternatives?
Learning and growth measures: What actions are required for employees?
Customer Measures: What customer measures are needed to support improvements?
Other (Social Responsibility, Business Ethics, Managers)
Global Evaluation: What is the global presence of your company? Evaluation can be based on cultural, political, financial, legal elements.
The resourced-based view of the firm identifies four criteria that managers can use to evaluate whether particular resources and capabilities are core competencies and can, therefore, provide a basis for sustainable competitive advantage. Are these measures independent or interdependent? Explain. If some of the measure are interdependent, what implications does that fact have for managers wanting to create and sustain a competitive advantage?
In details, clarify the content of this Competitive Profile Matrix, and what are the uses of this matrix? In addition, if you are a decision taker, clarify how this matrix will help you to take decisions? And what are the decisions that you will take?
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- 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.arrow_forwardSee 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…arrow_forwardProvide the business strategy or a possible business strategy of a local, national or global company. Explain why the business strategy is important for the company to succeed. Explain what is meant by the term competitive priority and describe the four categories of competitive priorities discussed in the chapter. Please identify one competitive priority the company identified in question one is using. Describe the meaning of productivity. Explain the three types of productivity measures. Describe one type of productivity measure your company identified in question one is using. How is this related to their business strategy, mission or vision? Describe the three types of technologies. Explain the strategic role of technology? Please identify which of the three technologies your company identified in question one is using. If it is a product technology, please provide the name of the product.arrow_forward
- Describe the core competencies a firm possesses and what it needs. What are the core competencies of your organization? Explain your answer.arrow_forwardExplain 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.arrow_forwardExplain the concepts of Quality, Innovation and Competitiveness and if you believe that there is (or is not) a correlation between them, explain why.arrow_forward
- What are the six arguments for competitiveness? and give examplearrow_forward7. Discuss quality as a strategy. Can it be used to achieve sustainable competitive advantage? How? 8. What are the key elements affecting entrepreneurial strategy in the following environments? a. Emerging industries b. Transitional industries c. Maturing industries d. Declining industries e. Fragmented industries 9. What are the five stages for assessing entrepreneurial opportunities?arrow_forwardDoes 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)?arrow_forward
- Propose a corporate strategy for the Coffee Merchant that will apply for the next 10 years. Critically assess the competitive advantage of the company that their current strategy offers: Identify and evaluate the factors that contribute to their competitive advantage. Referring back to your analysis up to this point, identify at least 5 issues pertinent to the Coffee Merchant. Identify an appropriate option that would be the basis of their new strategy in the light of the above Prioritise the issues and select two of them. Develop at least three options relevant for the corporate strategy. Assess these options as taught and create a proposal. Identify your final choice and discuss the impact it could have on at least three stakeholder groups. Review the stages have been undertaken for this assessment have contributed insights that informed your proposal and why they were needed to ensure your proposal is robust. Make sure you demonstrate your understanding of…arrow_forwardImagine 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.arrow_forward-Describe the correlation you find between Quality, Innovation and Competitiveness Note:You don't need to give a specific definition, you can use your words, as long as the idea is correct and appropriatearrow_forward
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