MGT 3830 Chapter Notes - Chapter 4: Dynamic Capabilities, Swot Analysis, Competitive Advantage
Document Summary
Chapter 4: internal analysis: resources, capabilities & core. Isolating mechanisms & how to sustain competitive advantage. Using swot analysis for internal & external analysis. 4. 1- differentiate among a firm"s core competencies, resources, capabilities, & activities. 4. 2- compare & contrast tangible & intangible resources. 4. 3- evaluate the two critical assumptions beyond the resource view. 4. 4- apply vrio framework to assess competitive implications of resources. 4. 5- evaluate different conditions for sustained competitive advantage. 4. 6- outline dynamic capabilities enabling a sustained competitive advantage. 4. 7- apply value chain analysis to understand which activities drive cost & which generate differentiation. Core competencies: unique strengths embedded deep within firm. Differentiate, create higher value, secure competitive advantage. Resources: asset a firm can draw on for implementing strategy. Capabilities: organizational & managerial skills necessary to orchestrate a diverse set of resources & deploy them strategically (intangible, found in routine. Activities: distinct business processes enable firms to add incremental value by transforming inputs into outputs.
