The internal organization
5 important questions on The internal organization
Sustainability of a competitive advantage is a function of
- the availability of substitutes for the core competence
- the imitability of the core competence
Difficult managerial decisions are characterized by 3 conditions
2. complexity; environmental uncertainty, range issues in internal environment
3. Intraorganizational conflicts; among people making decisions and those affected by them.
2 tools help firms identify and build their core competencies:
- value chain analysis
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What are the three conditions affecting managerial decisions about resources, capabilities and core competencies?
(2) Complexity; regarding the interrelated causes shaping a firm's environments and perceptions of the environments
(3) Intra-organisational conflicts; among people making managerial decisions and those affected by them
What are the four criteria of sustainable competitive advantage?
- help a firm neutralise threats or exploit opportunities.
Rare capabilities;
- are not possessed by many others.
Costly-to-imitate capabilities;
- historical; a unique and a valuable organisational culture or brand name.
- Ambiguous cause; the causes ad uses of a competence are unclear.
- social complexity; interpersonal relationships, trust, and friendship among managers, suppliers and customers.
Nonsubstitutable capabilities;
- No strategic equivalent.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
