Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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What is the difference between market commonality and the resource similarity? Use your current organization (where employed) or another institution to explain these concepts. For example, identify the direct competitors, joint markets, similar resources, etc.
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- Identify two current organizations—one organization facing a low-risk competitive environment and one facing a high-risk competitive environment. For each of these organizations, explain why you have evaluated its competitive environment as either low risk or high risk, using strategic planning and analysis concepts (such as Porter's Five Forces Model) For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.arrow_forwardFranklin Fincowsky states that "how managers manage their workforce may be the single most important factor in sustaining competitive advantage." Based on this statement, how can the workforce provide a competitive advantage for the company? Justify your answer.you should:Define in your own words the strategic role of human resource management.Answer the following: Is the competitive advantage that can be achieved with the labor force something permanent? Yes or no? Why?arrow_forwardIT is at the heart of the information revolution. Nonetheless, the role and influence of IT might be obscure. Examine how different links in the value chain use technology to boost productivity and gain an edge in the market.arrow_forward
- Discuss one of the four types of scarce resources and how you would use that resource most effectively.arrow_forwardis the process of continually reconciling operational resources and market dynamics. a. Operational alliance b. Strategic alignment c. Sustainable alignment d. Strategic alliancearrow_forwardGive examples of activities that does not incur cost and doesn't sacrifice any resources? Defend your examples.arrow_forward
- What is outsourcing? Suppose you tried to explain the concept of weighted evaluation models to a manager, and she responded by asking, “So, how do you set the weight factors? Is it just a subjective guess?” How would you reply?arrow_forwardWhat is reengineering? A. Reengineering is the ratio of the quantity of output produced to the costs of all inputs used based on current-period prices. B. Reengineering highlights the specific input-output relationships that contribute to cost leadership. C. Reengineering assumes the partial productivity and total factor productivity measures work best together because the strengths of one offset the weaknesses of the other. D. Reengineering is the fundamental rethinking and redesign of business processes to achieve improvements in critical measures of performance such as cost, quality, service, speed, and customer satisfaction.arrow_forwardIf we outsource the development of our systems, does it indicate that we will no longer need in-house systems analysts? To what extent is this true? Please describe the response you had.arrow_forward
- The term ‘organizational capabilities’ refers to the organization’s capacity to combine resources into productive activities. Discuss the three categories of strategic organizational capabilities. Provide examples to support your answer.arrow_forwardWhat is the difference between tangible and intangible resources? Which do you find to be more valuable to a company and why?arrow_forwardDevelop a Balanced Scorecard for 'Amazon' as a business/company. Provide a thorough analysis of the Scorecard. The scorecard is utilized to understand how well the strategy ideas support the organization and achieves the balance of the company needs versus consumers. Some of the key categories are below: Financial Metrics: How will you measure success or progress for your alternatives? Operations / Internal processes: What processes will be used in support of your strategy alternatives? Learning and growth measures: What actions are required for employees? Customer Measures: What customer measures are needed to support improvements? Other (Social Responsibility, Business Ethics, Managers) Global Evaluation: What is the global presence of your company? Evaluation can be based on cultural, political, financial, legal elements.arrow_forward
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