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26 Cards in this Set
- Front
- Back
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Ability to study an internal environment in ways that do not depend on the assumptions of a single country, culture, or context.
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Global Mind-set
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Value is measured by what two things?
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Performance characteristics and attributes for which customers are willing to pay
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How is value created?
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Developing core competencies that lead to a competitive advantage
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What are the three conditions affecting managerial Decisions about Resources, Capabilities, and Core Competencies?
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1) Uncertainty
2) Complexity 3) Intraorganizational Conflicts |
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Regarding characteristics of the general and the industry environments, competitors' actions, and customers preferences.
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Uncertainty
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Regarding the interrelated causes shaping a firms environments and perceptions of the environments
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Complexity
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Among People making managerial decisions and those affected by them.
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Intraorganizational Conflicts
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The challenge of Analyzing the Internal Organization:
Strategic Decisions are _____ Have _____ and influence the organizations __________. |
Non-Routine
Ethical Implications Above Average Returns |
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Managers face uncertainty what 3 fronts?
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-Proprietary technologies
-Changes in eco and political trends, societal values, and shifts in customer demands -Environment- increases complexity |
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The foundations for sustainable Competitive Advantage includes what?
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Resources
Capabilities Core Competencies |
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What are the different types of resources?
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Cash
Intellectual Culture Plant/Equipment Human Resources |
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*Bundled to create organizational capabilities
*Tangible and intangible |
Resources
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*Source of a firm's core competencies and basis for CA
*Purposely integrated to achieve a specific task/set of tasks |
Capabilities
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*Those specific capabilities that serve as a source for CA for a firm over its rivals
*Distinguish a company from it's competitors--the personality |
Core Competencies
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Assets that can be seen, touched, and quantified.
Ex: Equipment |
Tangible Resources
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Assets deeply rooted in the firm's history, accumulated over time.
They can't be touched or seen. Ex: Knowledge |
Intangible Resources
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What are the two tools firms use to identify and build on their core competencies?
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1)Four Specific criteria of sustainable CA
2) Value Chain Analysis |
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What are the 4 criteria of Sustainable CA?
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1) Valuable
2)Rare 3) Costly to Imitate 4)Non substitutable |
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Parity =___
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Average Returns
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Temporary CA= ____
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Average to above average Returns
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Sustainable CA= ___
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Above Average Returns
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What are the 2 types of activities in the Value Chain Analysis?
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Primary Activities and Support Activities
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Involved with product's physical creation, sales and distribution to buyers, and service after the sale.
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Primary activities in the Value chain Analysis
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Provide assistance necessary for the primary activities to take place
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Support activities in the Value Chain Analysis
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Purchase of value-creating activity from an external supplier
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Outsourcing
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Concerns with outsourcing?
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Innovative ability
and Loss of jobs |
