What is Grant's 1991 quote/definition of capabilities?
The capacity of a set of resources to integratively perform a task or activity
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What is Henry's 2008 quote/definition of capabilities?
The attributes that firms require to be able to compete in the marketplace
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What are Hill and Jones' general capabilities?
Efficiency, innovation, quality and customer responsiveness
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What is Henry's 2008 definition of core capabilities?
Cluster of attributes that an organisation possesses which in turn allow it to achieve competitive advantage
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What are Barney's three categories of resources?
Physical capital, human capital and organisational capital
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What is the definition of competitive advantage?
When a firm is implementing a value creating strategy not simultaneously being implemented by a current or potential competitor
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What is the definition of sustained competitive advantage?
When a firm is implementing a value creating strategy not simultaneously being implemented by current or potential competitors AND when these other firms are unable to duplicate the benefits of this strategy
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What does VRIN stand for?
Value, rarity, inimitability and non-substitutability
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What is the additional O for VRIN?
Organisational
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What is the 'strength and opportunities' section of the TOWS matrix?
Using strengths to take advantage of opportunities
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What is the 'weakness and opportunities' section of the TOWS matrix?
Take advantage of opportunities by overcoming weakness
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What is the 'strengths and threats' section of the TOWS matrix?
Use strengths to avoid threats
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What is the 'weaknesses and threats' section of the TOWS matrix?
Minimise weaknesses and avoid threats
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What are the 2 approaches to benchmarking?
Industry/sector or Best-in-Class
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What are the 5 primary activities in Value Chain Analysis?
Inbound logistics, operations, outbound logistics, marketing & sales and service
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What are the 4 support activities in Value Chain Analysis?
Firm infrastructure, human resource management, procurement and technology
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What are McKinsey's 7S's?
Shared values, style, staff, skills, structure, systems and strategy
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How does Teece et al. define core capabilities? (1990)
A set of differentiated skills, complementary assets, and routines that provide the basis for a firm's competitive capacities and sustainable advantage in a particular business
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What are the 4 components of the core capability knowledge set? (Leonard-Barton, 1992)
Employee knowledge & skills, technical systems, managerial systems and values & norms
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Other cards in this set
Card 2
Front
What are the 3 types of tangible resources?
Back
Financial, physical and human
Card 3
Front
What are the 3 types of intangible resources?
Back
Card 4
Front
What is Grant's 1991 quote/definition of capabilities?
Back
Card 5
Front
What is Henry's 2008 quote/definition of capabilities?
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