Analyzing resources and capabilities
5 important questions on Analyzing resources and capabilities
Explain and discuss the diagram about appraising resources and capabilities.
Also discuss two analysis for appraising capabilities
(Corporate functions, management information, r&d, manufacturing, Product design, marketing, sales and distribution)
2. Value chain analysis
Support activities (HRM,Technology development, etc.)
Primary activities (Operations, logistics, services, marketing and sales)
Discuss RBV in general. What are drawbacks?
Drawbacks:
- Vague and ambiguous concepts
- Testing and measurement difficult
- Too focused on tangible resources
- Overly internally focused
- Insufficient Handling of resource dynamics evolution
- Entrepreneurship is lacking
Discuss the steps of strategy formulation based on the resource based view.
2. Identify capabilities (bundles of resources)
3. Appraise capabilities (competitive advantage, sustainable competitive advantage, appropriate the value)
4. Formulate strategy based on external opportunities and competitive advantage. Can resources and capabilities used in a fruitful manner?
5. Identify resource gaps and improve the resource base
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When resources are appraised, the can be divided in 4 segments. Which one? How should you manage these?
Key weakness (", relatively weak): Outsource, or clever strategy formulation (Harley)
Zone of irrelevance: Strategically unimportant, Relatively low strength)
Superfluous strengths: ", relatively strong) : invest less or change strategy
Which factors determine effective resource combination into capabilities
Organization structure
Motivation
Organizational alignment
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