WEEK 9

Week: 9 

In your own words and using referenced quotes describe what is meant in strategy by the ‘Resource-Based View’?

Simply strategy means the broad way action plan to achieve the organizational goal. It may be either short term or long term in nature. And strategy by the ‘Resource- based View’ means the idea that efficient and effective applications of the entire useful resources that the corporation can gather helps determine its competitive advantage. It’s the process of combining information together and making a firm different from other organization. Some advantages of resource based view strategy are as follow.

a.        It makes familiar with conceptual basis for competitive advantage.

b.      Provide proper responsibility for HR manager’s to implement a given competitive situation for producing strategic capability.

c.       Opportunities for organization to produce human capital by retaining and recruiting outstanding employees through detain the stock of brilliant talent human, underlying with productive potential.

d.      Isolating Mechanisms-attributes that create repetition complicated.(Akio T, 2005)

How might you undertake ‘Internal Strategic Analysis’? What models would you apply and why? Where would you go to find the information you need?

Based on type of organization, situation and environment the strategist move forward for internal strategic analysis. To make the proper analysis all the things need to be covered. The strategist can analysis the internal strategic by different way like value chain analysis, MC Kinsey Seven S Analysis, VRIN, strength and weakness etc.

Among many analytical tools I would select a MC Kinsey Seven S for internal strategic analysis because

a.       It helps to improve the organization’s performance.

b.       Many organizations examined and apply it because it facilitates us to understand issue of team effectiveness.

c.       Helps to determine maximum extend of utilized proposed strategy.

d.      It provides proper support for process and departments in time of acquisition or merger.

e.       Identify specific location in organization where functioning is not going well and gives idea for correction.(Mind tools, 2013)

For analysis i need a lot of relevant information to come an effective conclusion. So to collect information I would check record in database, each department record, sales record, past and present information, make query with related person, future plan, annual general meeting, customer service and website etc.

 Talk about your group video work. How is it going so far? Do you have a plan? What are you most worried about at the moment? What is going well?!

Our group video work is going very well. My team member includes Bijay, Ujwal, Nikhil, Nichal, Diphantchu and me myself Anil.  We have chosen Nike for our work. Looks like, we will have fun while making a group video presentation.

Currently we are researching for relevant information for presentation.

Yes we have a plan, with relevant information first of fall we are going to prepare a slide for presentation and we will be dividing a group member specifically with the contents topic. Finally we will be shooting a video and makes some editing part for attractiveness.

Currently we are worried about many things because of lack of experience for example collecting information, making effective slide, video shooting and editing. Despite of worried our research is going very well.

Reference

1.      Akio T, (2005) The Critical Assessment of Resources Based View of strategic analysis (online) http://www.ritsumei.ac.jp/acd/re/k-rsc/ras/04_publications/ria_en/03_8.pdf (Accessed on April 28 2013)

2.      Mind Tools, (2013) Strategy Tools (online) http://www.mindtools.com/pages/main/newMN_STR.htm (Accessed on April 27 2013)