Chapter 9 Flashcards
Blue Ocean Strategy
The growth strategy contingent on inventing or discovering a new industry segment that creates new demand.
Capabilities
A firm’s skills at coordinating and leveraging resources to create value
Gap Analysis
Identifying the distance between a firm’s current position and its desired position with regard to an internal weakness.
Human Resources
The experience, capabilities knowledge, skills, and judgement, of the firm’s employees.
Organizational Resources
The firm’s systems and processes, including its strategies at various levels, structure and culture.
Physical Resources
An organization’s plant and equipment, geographic locations, access to raw materials, distribution network and technology.
Strategy Level Strategy Complexity
A tool for evaluating strategic alternatives that considers the organizational level of the alternative and the degree of strategic complexity.
SWOT
An analysis intended to match the firm’s strengths, weaknesses, opportunities, and threats.
SW/OT Matrix
A tool for generating alternative sources of action by identifying relevant combinations of internal characteristics and external forces.
Value Chain
A useful tool for analyzing a firm’s strengths and weaknesses and understanding how they might translate into competitive advantage or disadvantage.
VRIO
A tool for assessing the competitive quality of a firm’s resources by examining value, rarity, imitability, and organization.
