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EXAMPLES
Disney Honda Dell Sony Apple
Selecting a business strategy that exploits valuable resources and core competences Ensuring that all resources and capabilities are fully employed and exploited Building and regenerating valuable resources and core competences
Resources and capabilities are the primary source of profitability. Firmspecific strategic differences account for 50-70 percent of observed differences in firms profits
COMPETITIVE ADVANTAGE
STRATEGY
ORGANIZATIONAL CAPABILITIES
Technological
Reputational
Scarcity
Appropriability
Resource Imitability
Cannot be imitated: Patents Unique location Unique assets
(e.g. Mineral rights)
Difficult to Imitate: Brand Loyalty Favorable cost position Employee Satisfaction Reputation for Fairness
Can be Imitated (but may not be): Capacity Pre-emption Economies of Scale
Easy to Imitate: Cash Commodities
Source: Collis and Montgomery, Corporate Strategy: Resources and the Scope of the Firm (1996).
3M Canon