trillion in payments daily. Technological: The main focus or goal is to provide corporate customers the most cost effective and secure solutions in technology innovations. Citibank wanted to empower local ‚regional and global customers and the business-to-business and business -to-consumer marketplace and provide solutions to help them take advantage of the efficiencies and opportunities created by e-commerce ‚therefore ‚ with technology investments ‚Citibank announced with the plan to overhaul IT operations
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Capabilities Capabilities are valuable‚ rare‚ costly to imitate and non substitutable are core competencies. Core competencies are sources of competitive advantage for the firm over its rivals. A sustained competitive advantage is achieved only when the competitors cannot duplicate the benefits of a firm’s strategy or when they lack the resources to attempt imitation. Sustainable competitive advantage results only when all four criteria are satisfied. For a capability to be a core competence
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Prevention/Protection Mission Area Core Capabilities On Monday‚ January 17‚ 1994 at 4.31 a.m. an earthquake measuring a magnitude of 6.7 struck a densely populated area of San Fernando Valley. In spite of Los Angeles County considered as one of the greatest prepared regions for earthquakes‚ Northridge was one of the worse disasters financially. They were around 14‚000 aftershocks reported in the magnitude of 4.0-5.0 range. Because of the earthquake people displaced from their homes are estimated
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1. What do you understand by the term "Communication Compentence"? Many people see communication as just ‘talk’. This is not so‚ communication is a process by which information is exchanged between individuals through a common system of symbols‚ signs‚ or behaviour. I recently learnt that the communication field focuses on how people use messages to generate meanings within and across various contexts‚ cultures‚ channels and media. So a more precise definition for communication is “the management
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Exploring the Core Components of Dynamic Capabilities Abstract The concept of dynamic capabilities was introduced by Teece & Pisano (1994) and Teece‚ Pisano‚ & Shuen (1997)who asserted that in a dynamic environment a firm’s competitive advantage will rest on the firm’s internal processes and routines that enable the firm to renew and change its stock of organizational capabilities thereby making it possible to deliver a constant stream of new and innovative products and services to customers
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Question 3: What do you identify as Sony’s resources‚ capabilities and core competencies? Does Sony have a sustainable competitive advantage? Sony Corporation is considered one of the world’s most successful companies‚ operating in the “electronics‚ games‚ music‚ films and financial services” industry (Hanson et al‚ 2001). Sony is known for creating “products that stimulate the senses and refresh the spirit” (Sony‚ 2007). Effectively managing a combination of its resources‚ capabilities and core competencies
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What is a Gated Community and does it have to have gates? Discuss. This essay reviews the literature drawn upon and clarifies what it means by community. A full discussion is offered of what a gated community is and whether their associated gates are physical‚ psychological or simply visual barriers to outsiders and are GC defined by these gates? In order to further explore these issues‚ this essay invites theories and concepts such as Weber’s life chances‚ Cohen’s moral panic and Durkheim’s collective
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Nor is Parliament’s legislative competence limited in time. It can legislate retroactively‚ changing the legal consequences of past actions. The War Damage Act 1965 is the Act usually cited as proof‚ but the War Crimes Act 1991 makes the point just as well. That Act also shows Parliament’s lawmaking power is unlimited in space: it can legislate for things done anywhere. This has very real-world applications‚ as shown by legislation against child sexual abuse committed abroad and against torture
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What Does the Library Have to Offer There are many benefits when it comes to using the Ashford University Library; the Ashford University Library is a digital library that a student can access at any time of the day. It is also a scholarly resource. Like a public library a user has access to books‚ magazines journals and multimedia. The difference between a library and the Ashford University Library is that all the books‚ magazines‚ journals and multimedia have been converted into digital formats
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1a) Dynamic capabilities are abilities which enable the organisation to renew and recreate its strategic capabilities to meet the needs of the changing environment. It is the capacity of an organisation to change which enables them to adapt more readily. Sustainable competitive advantage relies on resources‚ competencies and capabilities evolving with the dynamics of the industry. Sustainable competitive advantage is achieved when an organisation’s capabilities are of value to customers‚ unique
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