Internal analysis Flashcards
VRIO stands for:
valuable, rare, inimitable, organization appropriability
The three categories of tangible resources
- financial
- physical
- technological
Innovation is an example of “tangible” or “intangible”?
Intangible
How can owners reduce employees’ bargaining power?
Emphasis on team-based rather than individual skills
What are the support activities in the supply chain?
firm infrastructure, HRM, technology and procurement
What are the primary activities in the supply chain?
inbound logistics, operations, outbound logistics, marketing & sales, service
“Examining whether a firm has resources and capabilities to perform an activity in a manner superior to competitors” is an example of…
benchmarking
What is commoditization?
a process of market competition through which unique products that command high prices and high margins gradually lose their ability to do so, thus becoming commodities
M&A is an example of innovation through external og internal growth?
External
inimitable resources are difficult to imitate, due to:
- path dependency/history
- causal ambiquity
Resources and capabilities that are observable and easily quantified- Tangible or intangible?
Tangible
“internal funds generation” is an example of a tangible or intangible resource?
Tangible (financial)
“training” is an example of a tangible or intangible resource?
Intangible (human resource)
what determines the strength of the employee bargaining position?
The more a firm’s performance can be identified with the expertise of an individual employee (superior capability) and the more mobile is that employee, then the stronger is the bargaining position of that employee.
what protective action can employees do to reassert bargaining their power?
team mobility
