SGMT 3000 Lecture Notes - Lecture 3: Human Resources, Billable Hours, Balanced Scorecard
9 May 2016
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Micheal porters model not used if companies are in the same strategic group. Stage: large scale bankruptcy among incumbent firms, then others join . Six forces: closely used with micheal porters model. Possess certain resources/competencies, they are most likely to achieve distinctive competency: 2. Thoses resources and capabilities must hava least 3 characterisitcs (valuable, rarem inimitable) If a firm is in possession of certain resources/capabilities, they are most likely to develop distinctive competency. Particular locations occupied by a firm can be referred to as tangible resources: i. e valuable location at a prime location occupying a particular niche cannot guarantee success. Rare, but not valuable retro video games rare strategic management professor with that knowledge, invaluable if hired as a ballet typically when mismatch between the resource/capability and its use rare resources fail to match the relevance of the company. Argued that there is a 4th characteristic: organization.
