Strategy: Basic Concepts & Key Terminologies I. Strategic Inputs Chapter 1: Strategic Management Strategic competitiveness is achieved when an organization successfully conceives‚ formulates and implements a value-creating strategy. A strategy is an integrated and coordinated set of commitments and action designed to exploit core competencies and gain a competitive advantage. An organization has a competitive advantage (CA) when it implements a strategy competitors are unable
Premium Strategic management
SilkAir’s position in the industry. The resources and competences of the company is what make it so successful and sustainable today. SilkAir’s strategic capabilities were accessed with the Value‚ Rarity‚ Inimitability‚ and Non-substitutability (VRIN) concept. Several attributes were factored into the success of SilkAir achieving sustainable competitive advantage in the industry. In summary‚ SilkAir has been able to maintain its position by providing an extensive network of regional travel‚
Premium Airline Singapore Airlines Low-cost carrier
Cover-It’s future development Executive summary This case study has been performed to identify different alternatives for Cover-It and Jeremy to either sell or managing his business to develop it. From our analysis we will give Jeremy one final recommendation. Based on the situation analysis‚ we defined following main problem definition: How should Jeremy adjust to the proposed offer from Cover Concepts? Our final recommendation to Jeremy is to sell Cover-It‚ as he has poor health‚ the financial
Premium Competitor analysis Asset Book
what comprises strategic capabilities in terms of organizational resources and competences and how these relate to the strategies of organizations * analyse how strategic capabilities might provide competitive advantage on the basis of their VRIN * diagnose strategic capabilities by means of benchmarking‚ value chain analysis‚ activity
Premium Strategic management Management
CHAPTER 7 COMPETITIVE ADVANTAGE IN TECHNOLOGY INTENSIVE INDUSTRIES Frank T. Rothaermel ABSTRACT This chapter introduces the reader to the meaning of competitive advantage and posits that a firm’s strategy is defined as the managers’ theory about how to gain and sustain competitive advantage. The author demonstrates how a firm creates its competitive advantage by creating more economic value than its rivals‚ and explains that profitability depends upon value‚ price‚ and costs. The relationship among
Premium Strategic management
Chapter 3 – Strategic Capability In the previous chapter‚ we learned how to analyse the environment that surrounds a company. But‚ it is also important to study the internal strategic capabilities of the firm‚ because‚ since your competitors are in the same environment‚ that is what distinguishes the companies performances. Foundations of Strategic Capability Strategic Capabilities can be defined as the resources and competences (strategic assets) of an organisation needed for it to
Premium Strategic management
Module 3 Case Assignment 2– Under Armour’s Strategy in 2013 – Good Enough to Win Market Share from Nike & adidas? 1. How strong are the competitive forces confronting Under Armour‚ Nike‚ and The adidas Group? Provide a five-forces analysis to support your answer. The competitive forces confronting Under Armour‚ Nike and The adidas Group are: Supplier Bargaining Power Under Armour Under Armour has established multiple suppliers of raw materials and fabrics‚ most of which are dispersed
Premium Marketing Brand Strategic management
1.0 Introduction The purpose of this report is to identify a firm that is widely considered to be innovative. It will include the business environment and how it impacts upon the firm and it’s opportunities for innovation‚ the sources of competitive advantage and the strategic options that are available to the firm. From the declared strategic options‚ an evaluation of the risks of implementing strategic change will be made to achieve this option. 1.1 Background to Apple Inc. Apple Inc. is a multinational
Premium Apple Inc. Strategic management Steve Jobs
Araucanía in the south)‚ that together make up about 80 percent of the country’s population. According to the United States Geological Survey (USGS) the cities experiencing the strongest shaking—VIII (Destructive) on the Mercalli intensity scale (MM)—were Arauco and Coronel. According to Chile’s Seismological Service Concepción experienced the strongest shaking at MM IX (Violent).[1] The earthquake was felt in the capital Santiago at MM VII (Very Strong)[3] or MM VIII.[1] Tremors were felt in many Argentine
Free Earthquake Tsunami 2004 Indian Ocean earthquake
29 April 2011 The Hilo Bay: Tsunami Magnet of Hawaii On the afternoon of 22 May 1960 the Valdivia Earthquake struck the country of Chile with devastating repercussions for the Chilean people and people around the world. The Earthquake rated a 9.5 on the moment magnitude scale and is‚ to date‚ the most powerful earthquake ever recorded. It occurred at roughly 1911 GMT‚ 1411 local time‚ and generated a massive tsunami that struck Hawaii approximately fifteen hours later. The tsunami caused little
Premium Tsunami