STRATEGIC MGMT LL CASEBOOK W/CONNECT
4th Edition
ISBN: 9781307485110
Author: Rothaermel
Publisher: MCG/CREATE
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Chapter 4, Problem 4MS
Summary Introduction
To explain: How to persuade the employer of Person X that he could be a vital source of competitive advantage.
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onsider the business of delivering healthcare. Select a healthcare business such as a hospital, nursing home, or a long-term care facility and reflect on what the healthcare business you selected needs to continue delivering care to its patients from an operational perspective. Finally, select a healthcare manager from the type of healthcare business you selected with whom to conduct an interview. When conducting the interview, focus the conversation on the following:
What are the key operational decisions that healthcare managers must consider when determining the annual budget for healthcare business?
Who are the stakeholders involved in overseeing that a healthcare facility is operationally sound?
What are the funding sources for the healthcare business and how are they obtained and maintained?
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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…
What is more important for a firm–profit maximization or value maximization? What issues or conflict of interest can come up between owners and managers and how can they be solved?
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Similar questions
- Would improved productivity be a competitive advantage for the company you work for or one that you know well? How?arrow_forwardThe 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?arrow_forwardThe foundations of competitive advantage are resources, capabilities, and core competencies. Explain how employees (intangible resources) create internal capabilities for an organization that lead to core competencies.arrow_forward
- 1- Why do companies use the value chain analysis? 2- How does the resource-based view (RBV) explain the role of resources and capabilities in the ability of companies to create competitive advantagearrow_forwardIn 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?arrow_forwardhat are the key reasons for the poor competitiveness of some companies?arrow_forward
- Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected?arrow_forwardDiscuss the role of employee training and development at your organization. How does employee training and development factor into your organization’s strategic planning and contribute to its competitive advantage? What recommendations would you make to your leadership to improve training and development at your organization?arrow_forwardDevelop 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.arrow_forward
- True/False questions, provide a detailed justification for the answer, whether it is true or false, using an example Competitive capabilities are part of a company's external environment.arrow_forwardImagine that you own your business. a) Think about your production process. Please explain the technology that you use in the production process. b) How do you think the technology that you use, affects the market structure and/or the demand of your product? Note that this question is NOT about how technology affects your production process, therefore, NOT about productivity, NOT about the cost structure.arrow_forwardCritically review the theories of competitive advantage and evaluate their relevance to management.arrow_forward
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