The Key Resources, Capabilities, And Core Competencies Of...

Choose a Multinational firm of your choice and Identify and critically analyse the key resources, capabilities, and core competencies of the firm. How difficult is it for competitors to emulate your organization’s resources, capabilities, and core competencies? A multinational firm generally refers as multinational enterprise. Multinational enterprise are organizations, typically large international companies that own business in multiple countries or regions other than the home country. (Roger Sugden, 2000) Those companies have offices, factories or branches in different countries or regions. There is usually a headquarters to coordinate global management. Apple Inc. has succeeded in creating great value in the highly competitive PC industry through innovation and forging to differentiate their products from the industry’s biggest competitors considerably by selecting from these competitions focus on quality, design, and superior customer service. However, although Apple has created itself an advantage in living inside the industry and other external factors that constitute a formidable challenge, the PC market is becoming increasingly commoditized, resulting in between rivals in the high competitive industry. In accordance with brilliant strategic practitioner Steve Jobs, Apple’s key resources and capabilities are the industry- leading design team, talented software and hardware engineers. By a fairly research and development (RD) budget, Apple can support theirShow MoreRelatedIs Innovation A Competitive Advantage?993 Words   |  4 Pagesothers ought to emulate for they recognize that to do business, as Peter Drucker prompt in an exceedingly recent Harvard Business review article, â€Å"Every firm—not simply businesses—needs one core competence: innovation.† Innovation offers the companies a competitive advantage. Presently and within the future, more than any time in history, the key to competitive advantage is innovation. However innovation will facilitate businesses meet all of their strategic challenges, not simply competition; toRead MoreCore Competencies and Competitive Advantages1680 Words   |  7 PagesCore Competencies A core competency is a concept in management theory originally advocated by CK Prahalad, and Gary Hamel, two business book writers. In their view a core competency is a specific factor that a business sees as being central to the way it, or its employees, works. It fulfills three key criteria: 1. It is not easy for competitors to imitate. 2. It can be re-used widely for many products and markets. 3. It must contribute to the end consumers experienced benefits. C.K. Prahalad andRead MoreConcept Of Sustainable Competitive Advantage1610 Words   |  7 Pagesrelation to Core Competencies, Resources, and Capabilities Word Count: [ ] This article explains the concept of sustainable competitive advantage, the relationship between strategic management and the four specific factors in relation to core competencies, resources and capabilities. It encompasses the Issues relating to competitive performance, and a critical view on how acknowledgement of these issues enables managers to gain an edge over other competing firms. According to Resource based approachRead MoreCompetitive Advantage By Michael Porter975 Words   |  4 Pagesâ€Å"Competitive advantage grows out of value a firm is able to create for its buyers that exceeds the firm s cost of creating it.† (Porter, 1985) The concept provided a new paradigm for looking at the role of competition in firm’s success or failure in the long term. The succinct definition encapsulates number of related concepts that help firms identify and analyze their competitive advantage. In normal parlance, competitive advantage is described as the advantage a firm ha s that helps it get ahead of competitorsRead MoreHow Does the Development of Core Competencies Provide Both Advantages and Disadvantages for an Organisation?1642 Words   |  7 Pagesdevelopment of core competencies provide both advantages and disadvantages for an organisation? What steps can managers take to prevent core competencies becoming core rigidities?† In today’s world competition among firms becomes globalized and more intense. In order to become superiorly competitive, companies should enhance its competencies in a way that will allow them to achieve dominant position in a market. One way of accomplishing it is by development of core competencies. Competencies are consideredRead MoreWal Mart s Core Competencies Essay1649 Words   |  7 Pagesrecognises the importance of Resource Based View (RBV) in strategic management. This paper attempts to identify Wal-Mart’s core competencies, applying RBV literature such as VRIO framework with supporting evidence from â€Å"Wal-Mart Stores in 2003† case study. RBV suggests that each firm acquires a collection of capabilities, which can be mobilised by strategists to gain competitive advantage (McGee et al., 2005). In other words, a firm can be viewed as a bundle of resources, which are the drivers of strategyRead MoreDoes Sustainable Competitive Advantage Exists? Essay1 502 Words   |  7 Pagesboth short-term and long-term SCA through use of specific examples. A summary of key issues and findings will provide the basis for developing logical conclusions and implications for businesses. Findings In relation to marketing, â€Å"competition is the process by which independent sellers vie with each other for customers in a market† (Weitz, 1985) and due to all products and services having potential substitutes firms will constantly be confronted with competition while making their offering (WeitzRead MoreSwot Analysis : Toyota Company1298 Words   |  6 Pagesstrong concentrate on innovative work, extensive production and distribution system, serving around the world and strong revenues and profits. Weaknesses Weaknesses of Toyota Company are product recalls could influence brand picture, declining deals in key geographic sections, poor allocation of assets when contrasted with associates, Toyota has low return on equity (ROE) and return on assets (ROA) compared to its peer companies. Opportunities The opportunities of Toyota Company are growing worldwideRead MoreCore Competence for Sustainable Competitive Advantage5043 Words   |  21 Pages49, NO. 1, FEBRUARY 2002 Core Competence for Sustainable Competitive Advantage: A Structured Methodology for Identifying Core Competence Khalid Hafeez, YanBing Zhang, and Naila Malak Abstract—Core competencies are the crown jewels of a company and, therefore, should be carefully nurtured and developed. Companies can determine their future business directions based on the strengths of competencies. However, because generalized terms such as resource, asset, capability, and competence are not clearlyRead MoreStarbucks Tangible Assets1698 Words   |  7 Pagestext, the resource-based view emphasizes the internal capabilities of the organization in formulating strategy to achieve a sustainable competitive advantage. The resources are divided into different categories. The first category is the tangible resources. These are the physical assets that an organization possesses. They include human resources, physical resources and financial resources. There are also intangible resources, which range from the intellectual resources of the firm to its reputation