HONDA: Operations-based core competence The resource-based view argues that companies posses some unique resources (assets and capabilities) and competitive advantage is acquired by accumulating those strategic assets. Resources are any tangible (e.g. equipment‚ raw material) or intangible (e.g. firm image‚ processes‚ routines) things that a company owns and can use to carry out its crucial processes. Capabilities‚ are dynamic of a “doing” nature. Capabilities are “the ability of make use of resources
Premium Strategic management Management Capability approach
FEBRUARY 2002 Core Competence for Sustainable Competitive Advantage: A Structured Methodology for Identifying Core Competence Khalid Hafeez‚ YanBing Zhang‚ and Naila Malak Abstract—Core competencies are the crown jewels of a company and‚ therefore‚ should be carefully nurtured and developed. Companies can determine their future business directions based on the strengths of competencies. However‚ because generalized terms such as resource‚ asset‚ capability‚ and competence are not clearly explained
Premium Strategic management Management
1. What is your impression of Guajilote as a business venture? Guajilote is a growing business but the organization of this company does not have a steady foundation due to the political structure of Honduras. Guajilote also the amount of mahogany wood was limited and was being threatened by forest fires‚ illegal logging‚ and slash and dash burn agriculture. Wood trade was even restricted internationally. Guajilote was force to take lower price for its wood due to that there was only one distributing
Premium Strategic management Marketing Value chain
Making Use of Resources‚ Capabilities and Core Competences. Resources‚ capabilities and core competences Resources‚ capabilities and core competencies are the foundation of competitive advantage. Resources are bundled to create organizational capabilities. In turn‚ capabilities are the source of a firm’s core competencies‚ which are the basis of competitive advantages. Here‚ we define and provide examples of these building blocks of competitive advantage. 1. Resources Broad in scope‚ resources
Premium Resource Management Strategic management
The Guajilote Cooperative is an incredibly fascinating business enterprise. It has created prosperity for its members‚ kept the protected national forest free of debris that could cause wide-spread destruction‚ and keep capesinos (peasant farmers) from over-running the preserve. Given the lack of education by its members‚ their success is impressive. COHDEFOR should be delighted with their experiment. Nevertheless‚ any future attempts to copy this model should be carefully analyzed and basic business
Premium Strategic management
www.hbr.org The Core Competence of the Corporation by C.K. Prahalad and Gary Hamel Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 The Core Competence of the Corporation 15 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and applications Reprint 90311 The Core Competence of the Corporation The Idea in Brief
Premium Strategic management Management Harvard Business School
In marketing there is‚ what is) called a Unique Selling Proposition (USP. This is an important tool available for marketing‚ to differentiate the position and competition. Some vendors position their products based on price‚ durability‚ quality‚ easy to use and so on‚ as their USP. And you as a person? What makes you different? What is your area of excellence? Should it be regarded as a product‚ why shouldsomeone to buy the other person? To be more precise‚ what is truly unique and special about
Premium Association football Skill Quantification
LESSON PLAN Grade: IX Unit V Lesson II “FAMILY VALUES” Materials: computer‚ projector‚ textbook‚ pictures‚ board‚ felt-tip-pens Competences: I.1 Reception of spoken messajes I.2 Production of spoken messages and interaction I.3 Reception of written messajes II knowing customs‚ traditions‚ historical and cultural personalities. V. awareness in the formation of attitudes and values Subcompetences: I.1.3 . Determining the type of message by identifying the details of evaluation and selecting
Premium Sentence Identification
1 Intercultural Competence Martyn Barrett The Council of Europe’s White Paper on Intercultural Dialogue (2008) proposes that intercultural dialogue offers the best approach for managing issues of cultural diversity within contemporary societies. The White Paper defines intercultural dialogue as the open and respectful exchange of views between individuals and groups from different ethnic‚ religious‚ linguistic and national backgrounds on the basis of mutual understanding and respect‚ and it argues
Premium Culture Intercultural competence
Guajilote was founded in 1991 as a component of a USAID (United States Agency for International Development) project. The project attempted to develop La Muralla National park as an administrative and socioeconomic model that COHDEFOR (the Honduran forestry development service) could transfer to Honduras’ other national parks. The Guajilote Cooperativo Forestal was given the right to exploit naturally fallen (not chopped down) mahogany trees in La Muralla’s buffer zone. A buffer zone was
Premium Strategic management Management