This article details Prahalad and Hamel’s concept of core competences, and examines how organisations can identify and exploit them in order to gain competitive advantage.
Before an organisation can decide on the type of strategy it should pursue, it must first gain a clear understanding of the resources and competences at its disposal. A resource and capability audit is a means by which this can be achieved. Here we detail the key stages of such an audit.
The resource-based view of strategy emphasises the importance of an organisation’s individual resources and capabilities in delivering competitive advantage. This article looks at the key thinkers and principles behind this approach to strategic management.
Value chain analysis is a diagnostic tool used to determine what an organisation is doing well, or not doing well, in every part of its supply chain. This article looks at how the model can be used to determine an organisation’s value-adding activities.
SWOT analysis is an analytical tool that can be used to help organisations establish their present situation, and evaluate potential options. This methodology is designed to help your organisation make the most of this invaluable analytical tool.
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