Strategic
& Practice
Management
Guide PDF.pdf
Short Answer Quiz _ Frameworks, Models
Strategic
& Practice
Management
Guide PDF.pdf
Short Answer Quiz _ Frameworks, Models & Practice Guide PDF.pdf
Strategic Management
Short Answer Quiz |
Frameworks, Models &
Practice Guide PDF
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Strategic Management Short Answer Quiz _ Frameworks, Models
Strategic
& Practice
Management
Guide PDF.pdf
Short Answer Quiz _ Frameworks, Models
Strategic
& Practice
Management
Guide PDF.pdf
Short Answer Quiz _ Frameworks, Models & Practice Guide PDF.pdf
, Strategic Management Short Answer Quiz Frameworks.pdf Strategic Management Short Answer Quiz Frameworks.pdf Strategic Management Short Answer Quiz Frameworks.pdf
Competencies Set of behaviors encompassing skills, knowledge, abilities, and personal
attributes that are critical to successful work accomplishment.
Resources WHAT a firm employs to create value and competitive advantage
● Physical resources (e.g., land, factories, machinery, equipment)
● Financial resources (e.g., free cash flow)
● Intangible resources (e.g., employee knowledge/talent, management
skill),Intellectual property, brands, reputation)
Capabilities HOW firms do things, the processes the firm uses to coordinate human activity
in order to achieve specific goals
Operating capabilities processes the firm develops to coordinate activity to achieve specific goals
(e.g., McDonald's filling orders)
Dynamic capabilities processes that are designed to continuously expand existing resources or
improve/modify operating capabilities (e.g., P&G refining its capability of
creating new brands and expand existing brands; coordination process)
Strategic Management Short Answer Quiz Frameworks.pdf Strategic Management Short Answer Quiz Frameworks.pdf Strategic Management Short Answer Quiz Frameworks.pdf