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Critically Review how the Resource-based View Has Developed Our Understanding of Strategy

2007-11 Business & Economics
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Release : 2007-11
Genre : Business & Economics
Kind : eBook
Book Rating : 041/5 ( reviews)

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Book Synopsis Critically Review how the Resource-based View Has Developed Our Understanding of Strategy by : Katja Kirsch

Download or read book Critically Review how the Resource-based View Has Developed Our Understanding of Strategy written by Katja Kirsch. This book was released on 2007-11. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2004 in the subject Business economics - Business Management, Corporate Governance, grade: 75%, University of the West of England, Bristol (Bristol Business School), course: Strategic Management, 17 entries in the bibliography, language: English, abstract: There is no common definition of strategy or the way how to implement it. However, it is common understanding that the purpose of each business1 is to maximise profit and that this is reached through a competitive advantage a firm might have over its rivals. Therefore, strategy should describe a mean to manage and direct a business in its environment towards a favourable market position which offers a competitive advantage (e.g. Rumelt, 1996; Porter, 1996). In this sense, "a firm is said to have a sustained competitive advantage when it is implementing a value creating strategy not simultaneously being implemented by any current or potential competitors and when these other firms are unable to duplicate the benefits of this strategy." (Barney, 1991: 102) However, there are different approaches regarding what strategies need to be based upon to achieve that competitive advantage, i.e. what are the sources for a favourable market position and a competitive advantage.

Strategic Management (color)

2020-08-18
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Release : 2020-08-18
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Kind : eBook
Book Rating : 943/5 ( reviews)

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Book Synopsis Strategic Management (color) by :

Download or read book Strategic Management (color) written by . This book was released on 2020-08-18. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Management (2020) is a 325-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today's firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses.

The Future of Chinese Manufacturing

2018-05-24 Business & Economics
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Release : 2018-05-24
Genre : Business & Economics
Kind : eBook
Book Rating : 322/5 ( reviews)

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Book Synopsis The Future of Chinese Manufacturing by : TACHIA Chin

Download or read book The Future of Chinese Manufacturing written by TACHIA Chin. This book was released on 2018-05-24. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Chinese Manufacturing: Employment and Labour Challenges gives context and analysis on employment and labor issues in contemporary China, specifically relating to manufacturing industries. With one fifth of the world’s workforce, China has taken advantage of its cheap labor to serve as the world’s factory, achieving stunning growth for two decades. This book covers the appreciation of RMB, constant increases in minimum wage, shortages of skilled workers in China's labor-intensive manufacturing sector, and the fact that many large multinational corporations (MNCs) must cut costs, and are thus shifting their main production bases to other developing countries. Under such a tough situation, and coupled with the global economic slowdown, manufacturing employment in China confronts severe labor-related challenges, such as high turnover rates, recruitment difficulties for workers, and a series of high profile labor strikes and publicity concerning working conditions. Integrates human capital and cultural theories Analyzes looming labor unrest and related workforce issues in China through a unique context-specific lens Explores the roles that Chinese institutions and culture play in resolving problems related to these issues

The Theory of the Growth of the Firm

2013-12 Business & Economics
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Release : 2013-12
Genre : Business & Economics
Kind : eBook
Book Rating : 367/5 ( reviews)

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Book Synopsis The Theory of the Growth of the Firm by : Edith Tilton Penrose

Download or read book The Theory of the Growth of the Firm written by Edith Tilton Penrose. This book was released on 2013-12. Available in PDF, EPUB and Kindle. Book excerpt: 2013 Reprint of 1959 American Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. This edition reprints the text from the 1959 First Edition originally published by Wiley. Why do some firms perform better than others? What enables a firm to grow and take advantage of its opportunities? Currently much discussion of these questions pivots around the ideas of competencies and capabilities, and the concept of the learning organization or knowledge-creating company. "The Theory of the Growth of the Firm" is a rich and pioneering work that addresses these questions and laid the foundation for this approach often referred to as the "resource based view of the firm." Edith Penrose analyzes managerial activities and decisions, organizational routines, and knowledge creation within the company and argues that they are critical to the ability of a firm to grow. This work has become a classic business book and remains relevant to this day.

Resources, Firms, and Strategies

1997-12-11 Business & Economics
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Release : 1997-12-11
Genre : Business & Economics
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Book Rating : 893/5 ( reviews)

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Book Synopsis Resources, Firms, and Strategies by : Nicolai J. Foss

Download or read book Resources, Firms, and Strategies written by Nicolai J. Foss. This book was released on 1997-12-11. Available in PDF, EPUB and Kindle. Book excerpt: Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources to product markets. Much of this change in emphasis has occurred because of the emergence of a unified and rigorous approach to strategy, often called the resource-based approach. This Reader brings together extracts from the seminal articles that created this dominant perspective in strategic management. It includes the pioneering work of Selznick, Penrose, and Chandler and more recent writing by Wernerfelt, Barney, Teece, and Prahalad and Hamel.

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