source of competitive advantage resides within the company. It focuses more on the core competencies and internal factors of the organisation first‚ before challenges posed by the external environment (Barney‚ 1986; Barney‚ 1991; Barney‚ 2001; Prahalad & Hamel‚ 1990). Barney supports this approach‚ suggesting that organisations must follow the VRIN criteria (Valuable‚ Rare‚ In-Imitable and Non-Substitutable)‚ in order to gain and maintain a strong competitive advantage (Barney‚ 2002). In simpler
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TASK: CRITICALLY DISCUSS THE PRACTICE AND THEORY OF STRATEGY DEVELOPMENT PROCESSES IN YOUR CHOSEN ORGANISATION. IN YOUR DISCUSSION‚ INCLUDE SOME IMPLICATIONS FOR THE "LEARNING ORGANISATION" CONCEPT IN RELATION TO STRATEGY DEVELOPMENT IN YOUR CHOSEN ORGANISATION. This sub-task of the essay will address how strategy development processes and implications for the "learning organisation" concept in relation to strategy development are applied in China-based Haier Group (HG) (See the background information
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Reproduced in this document is an example of a student’s PhD proposal which has since been developed successfully‚ and the student has now graduated from Hull. The work developed a lot from the original proposal – for example‚ it became more interpretive and qualitative in nature. You will work with your supervisor during the course of your PhD to develop your work appropriately. The proposal below therefore should be read in this context. We are making it available to give you an idea of the sorts
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Boxall‚ P.‚ & Purcell‚ J. (2000). Strategic human resource management: where have we come from and where should we be going? International Journal of Management Reviews‚ 2(2)‚ 183-203. HRM includes anything and everything associated with the management of employment relations in the firm. Strategic human resource management (SHRM) implies a concern with the ways in which HRM is critical to organizational effectiveness Effectiveness is a multidimensional concept‚ which is subject to paradox (Cameron
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BOOK REVIEW The book‚ Blue Ocean Strategy -How to create Uncontested Market Space and Make competition Irrelevant ‚ authored by W. Chan Kim and Renne Mauborgne is the best seller of its time. It is a widely accepted book for strategy professionals. The title indicates the theme of the book .This book promises to achieve the uncontested market space and make competition irrelevant by making the use of Blue ocean strategy. The book argues that companies in existence today should not try to beat
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Cherington‚ Paul T. (1920)‚ The Elements of Marketing. New York: Macmillan. Cole‚ William E. and John W. Mogab (1995)‚ The Economics of Total Quality Management: Clashing Paradigms in the Global Market. Cambridge‚ MA: Blackwell. Conner‚ Kathleen and C.K. Prahalad (1996)‚ “A Resource-Based Theory of the Firm: Knowledge Versus Opportunism‚” Organizational Science‚ 7 (September–October)‚ 477–501. Constantin‚ James A. and Robert F. Lusch (1994)‚ Understanding Resource Management. Oxford‚ OH: The Planning Forum
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Neilson‚ G. L.‚ Martin‚ K. L. & Powers‚ E.‚ 2008. The Secrets to successful strategy execution.. Harvard Business Review‚ June‚ pp. 83-93. Porter‚ M.‚ 2008. The five competitive forces that shape strategy.. Harvard Business Review‚ pp. 25-40. Prahalad‚ C. K. & Hamel‚ G.‚ 1990. The Core Competence of the Corporation. Harvard Business Review‚ May - June.pp. 1 - 15. Richardson‚ J.‚ 2008. The business model: an integrative framework for strategy execution. Strategic Change‚ Issue 17‚ pp. 133-144. Vogel M
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In 1978‚ Raymond Miles and Charles Snow developed their strategic choice typology and helped in the launch of the business strategy. The American academics suggested that business level strategies generally fall into one of four categories: prospector‚ defender‚ analyzer‚ and reactor. The two scholars also examined how organisations adapt over time to changes in their environment. They defined their strategy “as a consistent pattern of decision making‚ and regarded the organisation’s behaviour as
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Introduction The article speaks about how a mission should be written‚ so it will provide a clearer and well defined purpose. It’s explained the advantages and limitations of having it. It also explore whether a standalone statement or a broader model should be a better mission statement. This is followed by proposing a new definition of a mission‚ demonstrating how it is rooted in good practice‚ and presenting its benefits and limitations. Some context of practical implication discussed as well
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References: Blue Ocean Strategy . (2014). Retrieved from: http://www.blueoceanstrategy.com/concepts/faqs/ D ’Aveni‚ R. A. (1998). Waking up to the new era of hypercompetition. Washington Quarterly‚ 21 (1): 183–195. Hamel‚ G.‚ & Prahalad‚ C. K. (1990). The core competence of the corporation. Harvard Business Review‚ 68 (3): 79–91. Kim‚ C. W.‚ & Mauborgne‚ R. (2004). Blue ocean strategy. Harvard Business Review‚ 82 (1): 76–84. Osterwalder‚ A. (2007‚ January 05). Nintendo
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