Ch03MBA

Ch03MBA - The Strategic Management Process 1 Chapter 3: The...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
1 The Strategic Management Process
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Chapter 3: The Internal Organization: Resources, Capabilities, Core Competencies and Competitive Advantages Overview: Importance of understanding internal organization Value: Definition and importance Tangible vs. in tangible resources Capabilities: Definition and development Core competencies: Criteria (N=4) Value Chain Analysis Outsourcing: Definition and “why?” Importance of internal organization assessment
Background image of page 2
3 Analyzing the Internal Organization Context of Internal Analysis Analyze firm’s portfolio of resources and the bundles of heterogeneous resources and capabilities managers have created Understand how to leverage these bundles An organization's core competencies creates and sustains its competitive advantage Creating Value Exploit core competencies or competitive advantage Value: measured by a product's performance characteristics and by its attributes for which customers are willing to pay
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Analyzing the Internal Organization (IO) Challenge of Analyzing the Internal Organization Strategic decisions are non-routine, have ethical implications and influence the organization’s above- average returns
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 14

Ch03MBA - The Strategic Management Process 1 Chapter 3: The...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online