...In order to develop a good strategy it is essential that you know your strengths and weaknesses, i.e. what it is you are good at. An internal analysis is “a process of identifying and evaluating an organizations’ specific characteristics, including its resources, capabilities, and core competencies” (p. 106, Coulter 2005). Internal analysis is important in order to find out where improvements are needed and what you could exploit more in order to gain competitive advantage. Internal analysis takes an inside-out perspective compared to the outside-in perspective of the external analysis. The question here is what you can do yourself. Other relevant questions are if the resources and competencies you possess fit the opportunities in the environment, and if the company can exploit these resources and competencies in new ways. There are three perspectives on how to gain competitive advantage through internal strategic analysis. The resource based view (RBV), the competence based view (CBV), and the dynamic capabilities view. The resource based view There are several types of resources that a company possesses; physical resources, human resources, financial resources, intellectual capital, threshold resources, and unique resources. The RBV is based on the view that these resources are unique if they create sustained competitive advantage, and that a company’s strategy should be based on these resources. For a resource to be unique, it has to possess four attributes; it needs to...
Words: 1315 - Pages: 6
... | | |PSY/301 Version 2 | | |Emotional Intelligence | Copyright © 2010, 2009, 2006, 1997 by University of Phoenix. All rights reserved. Course Description This course examines the concepts and practical applications of emotional intelligence. Emotional intelligence is the ability to manage one's own internal emotional environment and one's ability to participate in relationships with others. Through a highly interactive format, the course will focus on how to assess basic skills in emotional intelligence, how to develop strategies to improve and enhance basic skill levels, and how to experiment with techniques that facilitate dealing with others of varying emotional backgrounds and competency levels. Policies Students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on...
Words: 719 - Pages: 3
...This is the second case assigned to this course. Part 2 of the text considers concepts of Business Strategy and Corporate Level strategy in chapters 4 and 6. Chapter 7 incorporates growth strategies related to Acquisitions, Mergers, and Leveraged Buyouts. The Group assignment for Week 4 provides one example of an organization (HCA) that utilized all three of these strategies over a period of 35 years. Using that information, and the history provided in the attached PDF file, research the HCA organization and after conducting a SWOT analysis, respond to the following Questions. 1. Chapter 6 focuses attention on Strategic Actions and Strategic Formulation and emphasizes Corporate Relatedness and the Transfer of Core Competencies on page 171. What were HCAs core competencies and how did these competencies build Value for the company? What type of Business Level strategy did they pursue when the company began in 1968? 2. Over a period of years (1968-1985), HCA acquired many small rural hospitals; many of which were struggling to fund new technologies necessary to provide care to the citizens of their communities, and responding to new Federal Government regulations related to Medicare and Medicaid (1965). In the late 70's and early 80's HCA began to acquire competing investor-owned health care companies . Compare and contrast these strategies to the text reference relative to Restructuring of Assets outlined in Chapter 6. What role, if any, did the General and Competitive...
Words: 636 - Pages: 3
...Hamel in Harvard Business Review (“The Core Competence of the Corporation”). Directly addressed to people in management and strategy, this article was clearly prescriptive as to the best way to set winning strategies for the firm, especially as to diversification and the abusive use of SBUs (Strategic Business Units) in highly decentralized profit centres. “In the 1990s, top executives will be judged on their ability to identify, cultivate, and exploit the core competencies that make growth possible”. Since the 1990s, the resource based view (RBV) and the core competence approach (CCA) became very attractive for many researchers and consultants. Such interest was well supported by what seemed to be a clear and superior way of setting strategies by large Japanese groups which frequently served as a benchmark case of core competence management. The strong and pervasive trends for continuous technological innovation and for technological alliances created also a rich context for the use of RBV and CCA to strategy. Analysis and theory were tempted to move from transaction costs to resources or competences or capabilities sometime in a fuzzy way in interpreting strategic moves in the context of alliances and technological changes. Although attractive, the...
Words: 14148 - Pages: 57
...churning out new plans, for differentiated products and services, in order to compete in a dynamic environment. This chapter presents a brief overview of the various approaches to strategic planning and provides an overview of the planning literature. There is a lot of material to slog through, but each approach to planning has something to offer. This overview will set the stage for presenting the Ten–Ten planning process in the next chapter. The next chapter will integrate the various planning approaches and present a simplified, yet robust approach to planning called the Ten–Ten planning process. The key benefit of the Ten–Ten planning process is that it can be used for developing business plans in a very short time span. 8.1 Planning Concepts There are two generic planning strategies that a business can pursue.Michael Porter originally identified three generic strategies. He noted that a business can also focus on a market that is not very competitive. Most people consider this to be a special case of the other two strategies. See Porter (1980). It can strive to be efficient, it can differentiate, or both. In other words, a firm can focus on delivering Midas versions of products, Hermes versions of products, or both. A firm that employs a strategy of efficiency strives to be the low-cost producer and compete on the basis of charging less than the other...
Words: 6434 - Pages: 26
...competence, and competitive advantage ABSTRACT. are 3 of the most important business concepts that managers, researchers, and educators rely on for decision making, pedagogy, and research. However, little attention has been paid to defining these concepts. As a result, they have become buzzwords that are used so frequently that their meanings are often taken for granted but are not fully understood. In this article, the author reviews the evolution of these concepts in business literature and provides comprehensive definitions, conceptual models, and examples to help clarify and distinguish the concepts so that failures of communication can be avoided. Keywords: competencies, competitive advantage, strategy Copyright © 2007 Heldref Publications 110 Journal of Education for Business S R ince its genesis in the mid-20th century, the study of business disciplines has become an established academic discipline. The proliferation of business curricula, journals, and academic and professional associations is evidence of a dramatic growth in business education. Although the growth has improved the understanding of business and informed business practices, with growth comes various problems. For example, business practitioners, researchers, and educators are confused over important terms and concepts used pervasively in the field. An understanding of key concepts is critical for the foundation from which business practitioners and academics communicate...
Words: 4323 - Pages: 18
...his career. Even, sometimes it is seen that the selection was biased. So, the term competency has introduced to overcome these defects, suggesting that it made possible the development of valid and unbiased predictors of performance. Competency is the combination of someone’s abilities, skills, knowledge, values and interest. Knowledge is defined variously as expertise, and skills are the practice of understanding through experience and education. So, competency based job analysis become one of the vital factors in today’s HR practices in modern organizations. Competency-based job analysis means describing a particular job in terms of the measurable, observable and behavioral competencies that an employee doing the job must exhibit to the job perfectly. DISCUSSIONS Job analysis Job analysis is the basic and important part of human resource management. It is a term used by human resource managers for the processes of collecting information related to job contents. It is conducted after workforce analysis and availability analysis. It also indicates what activities and accountabilities the job entails. It is an accurate recording of the activities involved. Every job is multifaceted and there are several methods in preparing job analysis. Most organizations prepare job analysis, statements of performance and expectations of employee at floor and at the managerial level. A job analysis provides an objective picture of the job, not the person performing the job, and as...
Words: 1531 - Pages: 7
...materials on two concepts: A. Visual preferences among learners, and \2. Visual literacy as a concept. This lesson aims to: 1. Paraphrase the various visual preferences of learners. 2. Apply the information acquired on the visual preferences of learners to one’s instructional technology roles in a majorship or specialization. 3. Analyze reading materials that explain visual literacy. 4. Apply the concept of visual literacy in using visual tool to teach a specific learning competency. You will be given two days to submit your responses in this activity sheet. Good luck! _______________________________________________________________ Professional Education 10: Educational Technology Unit III. Visuals as Classical Technologies in Education Student: __________________________ Year & Section ______________ Area of Specialization / Majorship ______________Date Submitted: ________________ Concepts to be learned: A. Visual Preferences of Learners B. Visual Literacy Concept A. Visual Preferences of Learners Concept A. Visual...
Words: 1701 - Pages: 7
...National Human Resource Standard Competencies Framework & Body of Knowledge PEMBANGUNAN SUMBER MANUSIA BERHAD 2014 0 TABLE OF CONTENTS TABLE OF CONTENTS ....................................................................................................................... 1 THE STANDARDS ~ AT A GLANCE ................................................................................................... 2 THE FIVE DIMENSIONS ..................................................................................................................... 3 THE THREE LEVELS OF HR PROFESSIONALS ............................................................................... 4 HR COMPETENCIES .......................................................................................................................... 6 HR CORE COMPETENCIES ............................................................................................................... 7 HR FUNCTIONAL COMPETENCIES .................................................................................................. 8 HR COMPETENCIES FRAMEWORK.................................................................................................. 9 HR COMPETENCY LEVELS ACCORDING TO DIMENSIONS......................................................... 10 HR BODY OF KNOWLEDGE............................................................................................................. 19 CONCLUSION .....................................
Words: 5703 - Pages: 23
...CORE COMPETENCIES Key Points • • • Core competencies are capabilities that have developed to the point where they provide competitive advantage for an organization. Core competencies help organizations access key markets and deliver value to end customers. The assumption that every organization has a core competence is not correct; there are specific criteria or tests that help determine if capabilities are in fact core competencies. Main Thoughts A core competence is a capability that has developed to the point where it has become a source of competitive advantage for an organization. Core competencies are not easy to develop nor can they be readily imitated. Organizations that have strong core competencies—such as Honda in engine manufacturing and Proctor & Gamble in brand management—are difficult to compete with. In these examples, it’s easy to see how the core competencies form the nucleus of each company’s respective strategy. Copyright ©2013 www.cambridgeperformancepartners.com Identifying Base Capabilities/Competencies - The starting point for identifying core competencies stems from an understanding of an organization’s base capabilities (or base competencies). Identifying and documenting core capabilities by functional area is a good starting point. Another way to capture capabilities is by using Porter’s Value Chain...
Words: 786 - Pages: 4
...following two documents (both located on your student website): • Academic Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Get Ready for Class • Familiarize yourself with the textbook used in this course. Course Materials All electronic materials are available on your student website. Week1 Legal Forms of Business and Alternative Dispute Resolution Tasks • Review the Week 1 Study Guide. • Review the Knowledge Check Faculty and Student Guide. Oct, 14 - Oct, 20 Objectives/Competencies 1.1 Differentiate among the legal forms of business. 1.2 Differentiate among nonjudicial methods of alternative dispute resolution. Required Learning Activities • Business Law, Ch. 3 • Business Law, Ch. 34 • Business Law, Ch. 35 • Business Law, Ch. 36 • Business Law, Ch. 39 • Business Law, Ch. 40 • Week One Electronic Reserve...
Words: 2154 - Pages: 9
...Chapter 04 Job Analysis and Rewards Answer Key Changing Nature of Jobs True / False Questions 1. In most modern organizations, jobs are largely well established and change little over time. FALSE 2. Job analysis is the process of studying jobs in order to gather, analyze, synthesize, and report information about job requirements. TRUE 3. Competency based job analysis seeks to identify and describe the specific tasks, KSAOs, and job context for a particular job. FALSE 4. The traditional way of designing a job is to identify and define its elements and tasks precisely and then incorporate them into a job description. TRUE 5. Traditional job design is marked by formal organization charts, clear and precise job descriptions and specifications, and well-defined relationships between jobs. TRUE 6. Changes to jobs have become so radical that the concept of "jobs" is no longer a useful concept in most organizations. FALSE 7. Advances in technology are one of the major reasons for changes in jobs. TRUE 8. A job family is a grouping of positions that are similar in their tasks and task dimensions. FALSE 9. The smallest unit into which work can be divided without analyzing separate motions, movements, and mental processes is called an element. TRUE 10. Many small-business owners, general managers of start-up strategic business units, and top management members perform flexible jobs...
Words: 3120 - Pages: 13
...contrast the new world managerial competencies to the old world. Based on the results of your questionnaire results, would you fit better in the new world or old? Explain your rationale. Old world | New world | -work and competency requirements canand should be defined in relatively distinctand stable units called “jobs”-design and delivery requirements forproducts and services should be driven bytechnical requirements and organizationalcapabilities: customers can then be persuadedto buy what is produced andavailable-the performance standards for workersare the “minimums”. It is desirable toexceed these, if possible- descriptions of work and competency arepersonnel tools, used primarily to supportdecisions about job grade, pay, andplacement-descriptions of work and competencyshould be developed for jobs and bytrained experts: job analysts,psychologists, personnel staff-validity of work and competency descriptionsis a function of the rigor of theresearch and analysis process- people practices (training, selection,career development, performance management,pay systems, work design, etc.) are personnel practices and peripheral to the main work of the business. They aregenerally disconnected practices and notimportant topics for the strategic agenda | -work and competency requirements must be responsiveto business and customer issues. They must be definedin small units that can be allocated amongst people tooptimize workloak and competency utilization. “Jobs”become whatever...
Words: 1182 - Pages: 5
...Developing collaborative competencies within supply chains It is a new approach to understand the collaboration within supply chains via the concept of collaborative competencies. The article suggestions are based on 2 different case studies. Key words: collaborative competencies, inter-organisational collaboration, integrated supply chain, collaborative culture, team-building. Introduction: SC = partnership of organisations sharing a common goal to deliver a set of goods or services to the end customers. The collaboration concerns many processes at 3 levels: strategic / tactical / operational. Use of Information Technology = basis for achieving collaborative relationships as we are evolving in a context of ever changing… The collaborative way is very important to be able to compete with others and has obtained more and more interest over the past decades (from professionals and academic communities). Long-term partnerships with suppliers and distributors efficient and responsive SC deliver exceptional value to the customers. BUT collaboration is hard to achieve and implies many issues… Issues related with the collaborative SC: * The amplification of the demand uncertainty in the SC = Bullwhip effect is the most frequent consequence of absence of collaboration among the SC members. * Absence of reliable demand information: demand forecast need to be done by all the partners = crucial to share information. * 2 levels of analysis of the SC: Internal...
Words: 1330 - Pages: 6
...course explores network design and implementation by applying the TCP/IP protocols to provide connectivity and associated services. Planning and deployment of network addressing structures, as well as router and switch configurations, are also examined. IP Networking Syllabus Where Does This Course Belong? This course is required in the associate degree program in Network Systems Administration and associate degree in Mobile Communications Technology. The following diagrams indicate how this course relates to other courses in respective programs: Network Systems Administration NT2799 NSA Capstone Project NT2580 Introduction to Information Security NT2670 Email and Web Services NT2640 IP Networking PT2520 Database Concepts NT1330 Client-Server Networking II NT1230 Client-Server Networking I NT1430 Linux Networking PT1420 Introduction to Programming NT1110 Computer Structure and Logic NT1201 Introduction to Networking NT1310 Physical Networking CO2520 Communications SP2750 Group Theories EN1420 Composition II EN1320 Composition I GS1140 Problem Solving Theory GS1145 Strategies for the Technical Professional MA1210 College Mathematics I MA1310 College Mathematics II Networking Technology Courses Programming Technology Courses General Education/ General Studies 1 Date: 7/18/2011 IP Networking Syllabus Mobile Communications Technology MC2799 MCT Capstone Project NT2640 IP Networking ...
Words: 2573 - Pages: 11