SGMT 3000 Lecture Notes - Lecture 3: Organizational Architecture, Blind Luck, Organizational Culture
12 Dec 2017
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Chapter 3: internal analyis: resources, and competitive advantage. Overview: responding to customer needs by offering them more value through innovative and reliable goods/services and doing so efficiently are common themes many businesses have used to establish sustainable competitive advantage. Internal analysis is focused on identifying strengths and weaknesses of a company. Jit systems, self managing teams, reduced setup time for complex equipment. Help the company attain superior efficiency and product quality an the basis of ca. Resources: resources: assets of the company that they use to transform inputs into outputs and sell in the market. Intellectual property: knowledge, research, and information that is owned by an individual or organization. Engineering blueprints, molecular structure of a drug, brand logos: establish rights through patents, trademarks and copyrights, advanced level of factors of production: organizational architecture, process knowledge and intellectual property. Resource quality: the vrio framework: vrio framework: a framework managers use to determine the quality of a company"s resources, where.
