JOM0 KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY TASK: DISCUSS THE IMPORTANCE OF INFORMATION SYSTEMS IN GLOBAL SUPPLY CHAIN MANAGEMENT. SUBMITTED TO: MR.PATRICK MWANGANGI ABSTRACT Supply chain management information system (SCM IS) plays an increasing critical role in the ability of firms to reduce costs and increase the responsiveness of their supply chain. This paper focuses on: supply chain management information systems‚ initial research model and
Premium Supply chain management
Resource-Based View IO vs. RBV Business Level Strategy How do we compete in a specific business arena? Four objectives of business-level strategy Generate sustainable competitive advantages Develop and nurture (potentially) valuable capabilities Respond to environmental changes Approval of functional level strategies Business-Level Strategy The primary objective of business-level strategy is to create “sources of sustainable competitive advantage”. What is sustainable competitive advantage
Premium Firm Competence New product development
Human Resource Planning ^ Brian J. Smith‚ John W. Boroski‚ and George E. Davis - INTRODUCTION Human Resource (HR) planning is the formal process of linking business strategy with human resource practices. Approaches to human resource planning can be arrayed along a continuum ranging from an "add-on" to business strategy to a separate planning process (Figure 1). At one end of the continuum‚ HR planning is little more than a postscript to a business planning process. After engaging in an extensive
Premium Management Strategic management Human resources
Question: The ability of some firms to sustain longer term competitive advantage relates to their capabilities according to the resource based theory of the firm. Summarise this approach to explain why some firms perform better than others in an industry. Sustainable Competitive Advantage Within all economies there have always been firms that are destined for success and firms that are doomed to failure... or have there? Is this an inevitable outcome predestined by exterior market forces
Premium Economics Microeconomics
Part Market-Driven Strategy 1 Chapter 1 Market-Driven Strategy The market and competitive challenges confronting executives around the world are complex and rapidly changing. Market and industry boundaries are often difficult to define because of the entry of new and unfamiliar forms of competition. Customers’ demands for superior value from the products they purchase are unprecedented‚ as they become yet more knowledgeable about products (goods and services) and more sophisticated
Premium Marketing Strategic management Customer service
2.2.2. Core Competencies FUNCTIONAL AREAS CAPABILITIES Research and development to strengthen its health and wellness image Nestlé is committed to establishing itself as the global leader in health‚ wellness and nutrition. Its huge R&D capability‚ combined with its global scale food and beverage operations and its financial ability to undertake major acquisitions‚ such as Pfizer’s nutritional arm (Cimilluca‚ Rockoff & Das‚ 2014) and PamLab USA‚ could enable the company to become the driving force
Premium Food Nutrition Human resources
Sustaining Superior Performance: Commitments and Capabilities Background Competitive advantage necessary‚ but not sufficient Ghemavat study on PIMS data shows convergence of high ROI and low ROI business units‚ over time‚ to mediocre ROI. Some drop in high ROI anticipated due to limited availability of high ROI opportunities. But pace and degree of convergence unexpected – article delves further into assessing reasons behind the rapid loss of competitive advantage
Premium Competition Innovation
STATEGY IN ACTION EVALUATING STRATEGIES Part strategic position and strategic choice which mention above are underlining company environment‚ capability‚ and its strategy. Strategy in action will consider on how strategy act in organisation (Johnson et al.‚ 2011a).This part of report will evaluate them considering their suitability. Evaluation IKEA strategies regards Suitability Suitability refers to the strategy is used to evaluate whether the strategies address the key ’opportunities’ and
Premium Strategy Strategic management
ABSTRACT This research incorporated dynamic capability view into the field of business model and proposed an analytical archetype consisting of five interlocking propositions that helps executives as well as researchers gain new insights into the realm of business model competitiveness. The constructs of BM is at the forefront of current business strategy thinking and managers need more advanced models for understanding the relationships between dynamic capabilities they have in hand or must have and business
Premium Strategic management Management
Introduction of Organisation PTML is a subsidiary of PTCL (Pakistan Telecom Company Limited)‚ the largest operator in Pakistan. PTML was established to operate cellular telephony. The company commenced its operations‚ under the brand name of Ufone from Islamabad on January 29 2001.Since Etisalat took over PTCL in 2006‚ during the year as a consequence of PTCL’s privatization‚ 26% of its shares were acquired by Emirates Telecommunication Corporation (Etisalat). Being part of PTCL‚ the management
Premium Customer service Customer relationship management Management