Lecture 5 Dual Transformation Flashcards
1
Q
The creative process within organizations
A
Generation -> elaboration -> championing -> implementation
2
Q
What is a vision statement?
A
an aspirational description of what an organization would like to achieve or accomplish in the mid-term and long-term future
defines what your business will do and why it exist tomorrow
3
Q
what is Execution
A
what a firm is able to do
depends on resources
4
Q
Resource based view
A
- can be conceptualized as bundles of resources
- that those resources are heterogeneously distributed across firms
- and that resource differences can persist over time
5
Q
Competitive advantage can be gained from resources that are
A
valuable
rare
6
Q
Sustainable competitive advantage can be gained from
A
imperfectly imitable
non-substitutable
7
Q
dynamic capabilities
A
the capacity of an organization to purposefully create, extent, or modify its resource base
