The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
Research paper
23/08/2022
Reply to this post in 200 or more words.
Corporations that are planning strategies for competitive advantage will analyze their internal competencies compared to the past performance, the advantages of the competition and the where the industry is at the time of the analysis.(Wheelen, Hunger, Hoffman, Bamford, 2015,p.128) Decision makers will evaluate the core competencies of their business such as trade secrets, copyrights or strong brands and will ask the following questions sullied by Barney n his “VRIO Framework for analysis” (2015).
“Value- Doest the competency provide customer value and competitive advantage?
Rareness- Does the competition process the same competency?
Imitability- Is it costly for the competition to imitate the competency?
Organization- Is the business positioned to exploit the resource? ” (p.128)
When decision makers are able to answer yes to these questions they the core competency becomes a distinct competency which defines the company and what is does best. It is vital to decision makers to understand that distinct competencies loose value over time and once established they must be nurtured, and utilized well. As the distinct competencies are utilized, shared and copied by others it has the potential to loose value. Such was the case with blockbuster their distinct competency was movie rental and they lost the competetive advantage to Netflix and redbox however they still exist and are still known for movie rental they have expanded to on line/demand in collaboration with cable and satellite provider however they are still a movie rental and this is their distinct competency it just does not have the uniqueness that it once had in the industry.
Distinct competencies must be nurtured, and reinvested in to remain a strength and to beet out the competition.
Kathleen Wagner
Reference
Wheelen, T. L., Hunger, J. D., & Hoffman, A. N., & Bamford, C. E.,(2015). Concepts in Strategic Management and Business Policy (14th ed.). Retrieved from The University of Phoenix eBook Collection database.
Show more
The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more