1Barney and Hesterly (2006)‚ describe the VRIO framework as a good tool to examine the internal environment of a firm. They state that VRIO “stands for four questions one must ask about a resource or capability to determine its competitive potential: 1. The Question of Value: Does a resource enable a firm to exploit an environmental opportunity‚ and/or neutralize an environmental threat? 2. The Question of Rarity: Is a resource currently controlled by only a small number of competing firms
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I will explain the link and differences between the VRIO-framework and the SWOT-model. Before I will explain this‚ I will first give you an insight in the meaning of these two models. SWOT-model: [pic] A SWOT Analysis is a strategic planning tool used to evaluate the Strengths‚ Weaknesses‚ Opportunities‚ and Threats involved in a project or in a business venture. Strengths and weaknesses are internal to an organization. Opportunities and threats originate from outside the organization. A SWOT
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competition in the tissue paper industry in Malaysia is very intense. In order to compete and survive in the tissue paper industry‚ it is important for a firm to adopt the VRIO analysis framework. VRIO stands for value‚ rarity‚ imitability‚ and organisation‚ and this framework was founded by Barney J. B.. According to Robert J. Chapman‚ VRIO analysis is important for firms that wish to succeed by using its internal resources and capabilities to gain the competitive advantage against its competitors in order
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SWOT Analysis: TESLA MOTORS By Xin Xiong August 10th 2014 Company Overview Founded in 2003 and based in Palo Alto‚ Tesla Motors is one of the leading high-tech automobile companies‚ which produce the fully electrical vehicles and powertrain elements. The company runs operations in 31 countries and hires over 6‚000 staff around the world. Tesla Motors has an increasingly high growth rate‚ recording its revenues of 2‚013‚496 in 2013 (See Figure 1). Sales of its current model‚ Tesla Model S‚ reach
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"Were we to seize and eliminate from our industrial world the results of Mr. Tesla ’s work‚ the wheels of industry would cease to turn‚ our electric cars and trains would stop‚ our towns would be dark‚ our mills would be dead and idle. Yes‚ so far reaching is his work that it has become the warp and woof of industry... His name marks an epoch in the advance of electrical science. From that work has sprung a revolution..." -B.A. Behrend If you were to go to an encyclopedia and tried to find
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Executive Brief for Tesla Motors Inc. To: Elon Musk‚ CEO of Tesla Motors‚ Inc. From: Yuan Gao (kiki) Re: Strategic Improvements for Current Situation Date: 5th Aug‚ 2012 Executive Summary Tesla Motors is a relatively new Silicon-Valley based company that designs and produces electronic vehicles. The company aims at producing consumer affordable price electronic automobiles with zero emissions in the next decade. Currently the CEO Musk is working on introducing the new electronic
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In 1882‚ Nikola Tesla discovered the rotating magnetic field‚ a fundamental principle in physics and one of the greatest discoveries of all times. In February‚ 1882‚ Nikola Tesla was walking with his friend through a city park in Budapest‚ Hungary. Tesla was reciting stanzas from Goethe’s Faust‚ the sun was just setting‚ when suddenly the elusive solution to the rotating magnetic field‚ which he had been seeking for a long time‚ flashed through his mind. At this very moment‚ he saw clearly in
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Apple Inc. Case Study # 1 iPhone [pic] Professor Chug-Shing Lee BUSA 499 Capstone October 1‚ 2008 Analysis Conducted By Apex [pic] Ryan Boykin Ashley Fiorini Lance Tanaka Matt Webb Executive Summary Apple has demonstrated that innovation can lead to market dominance with products like the iPod. With products such as this‚ Apple has developed a brand that has built a customer base with astonishing loyalty. According to Business week‚ Apple was thirty third for top
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Barney and Hesterly (2006)‚ describe the VRIO framework as a good tool to examine the internal environment of a firm. They state that VRIO “stands for four questions one must ask about a resource or capability to determine its competitive potential: 1. The Question of Value: Does a resource enable a firm to exploit an environmental opportunity‚ and/or neutralize an environmental threat? 2. The Question of Rarity: Is a resource currently controlled by only a small number of competing
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vehicles. With this “game changer”‚ new entrants like Tesla who focuses in the manufacturing of fully electric vehicles (EV) grew its presence and is now acknowledged globally as the market leader in the EV marketplace. Many big players also began to enter the electric vehicle market to meet the growing demand of sustainable technologies and retain market share (Chan‚ 2007). This assignment will examine the macroeconomic factors that affect Tesla Motors through the PESTLE analytical framework. Political
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