ADM 2336 Lecture 20: ALL-CHAPTER-NOTES-FOR-FINAL
9 Feb 2017
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Ob a field of study devoted to understanding, explaining, and ultimately improving the attitudes and behaviours of individuals and groups in organizations. Hrm theories and principles studied in ob a(cid:374)d e(cid:454)plo(cid:396)e the (cid:862)(cid:374)uts a(cid:374)d (cid:271)olts(cid:863) applications of those principles in organizations. Strategic management focuses on the product ch (cid:272)ha(cid:396)a(cid:272)te(cid:396)isti(cid:272)s that affe(cid:272)t a(cid:374) o(cid:396)ga(cid:374)izatio(cid:374)(cid:859)s profitability oices and industry. Based view suggested that the resources value is based on the two main values illustrated within the figure to the right. The model argues that rare and inimitable resources help firms maintain a competitive advantage. Example a resource is more valuable if it is rare ie. diamonds. It is also more valuable if it is inimitable, meaning that it cannot be easily copied. The scientific method starts by formulating a theory a collection of verbal and symbolic assertions that specify how and why variables are related, as well as the conditions in which they should (and should not) be related.
