Resources And Capabilities

Question 1

A business would use strategic group analysis (SGA) to

Answer 1

Understand the characteristics of the most direct competition

Question 2

A main competitor to a business is facing financial challenges.
What part of SWOT is this?

Answer 2

Opportunity

Question 3

A PESTEL framework considers…

Answer 3

Macro environmental issues

Question 4

Porters five forces

Answer 4

New entrants
Rivalry
Buyer power
Supplier power
Substitutes

Question 6

How does an organisation come to a shared view about what it wants to be in the future and make it happen?

Answer 6

• look at the whole org
• looks at the intersection between the organisation and its environment
• encompasses it’s responsibilities to society
  Process and leadership
  How can the organised be dis tic t and gain an advantage to add value

Question 7

How can we increase profitability

Answer 7

Cost advantage
Or
Differentiation advantage

Question 8

Cost leadership means…

Answer 8

Where competition is intense
Trying to do both ( lower cost and differentiate) means diluting investment and over time falling behind pure plays and those focused on a niche

Question 9

Resourced based view (RBV)

Answer 9

• the firm is conceived as a portfolio of of resrouces and capabilities
• resources and capabilities are crucial to delivering competitive advantage

A competitive advantage is gained by offering customers greater value either by means of lowering prices or providing greater benefits and serves that justify higher prices

Question 10

Resources
Balance sheet a
Cash flow
Supplier of funds

What are the capabilities

Answer 10

Ability to raise funds
Manage cash flow
Debtors
Creditors

Question 11

Resources
Managers
Employers
Partners
Suppliers
Customers

What capabilities do we have?

Answer 11

How people gain skills
Commons knowledge
Built relationships
Motivate others
Innovation