Strategic Resource Management and Organizational Capabilities
Barney’s VRIN Framework (1991)
Barney’s framework highlights specific conditions for a resource to generate greater effectiveness and efficiency. For a resource to provide a sustainable competitive advantage, it must be:
- Valuable: A valuable resource allows the company to implement strategies that improve effectiveness and efficiency.
- Rare (Scarce): A rare resource is not found in all companies, meaning not all competitors can access it.
- Inimitable: A resource is difficult to imitate if it cannot be
Understanding Job Analysis and Its Legal Implications
Job Analysis and the Law
Fair Labor Standards Act: Employees are categorized as exempt or non-exempt, and job analysis is basic to this determination. Non-exempt workers must be paid time and a half when they work more than 40 hours per week. Overtime pay is not required for exempt employees.
Equal Pay Act: If jobs are not substantially different, employees performing them must receive similar pay.
Civil Rights Act: Job descriptions may provide the basis for an equitable compensation system and an
Read MoreVolvo’s Strategic Transformation Under Geely
Business Strategy Analysis
Thesis and Objective
To assess how Volvo, under Geely’s ownership, enhanced its competitive advantage by deepening its differentiation strategy through innovation, customer experience, and sustainable mobility solutions.
Theoretical Support
This analysis is grounded in Porter’s Generic Strategies, the Strategy Clock, and the Business Model Canvas. These frameworks explain how firms achieve competitive advantage through perceived value and strategic alignment with customer
Read MoreBusiness Communication, Meetings, and Sales Roles
Communication Groups and Types
Types of Communication
Formal Communication
Communication planned within established structures.
Informal Communication
Communication can be established between different levels. A typical example is communication between employees and a company director.
In-Person Communication
Direct communication between individuals.
Non-Face Communication
Communication through media (e.g., telephone, email).
Individual Communication
Tailored communication.
Mass Communication
Directed at a large
Read MoreGlobal Business: Strategy, Structure & Market Entry
Global Business Strategy Essentials
Strategy encompasses actions managers take to enhance profitability (by reducing costs, adding value, or raising prices) and achieve profit growth (by selling more in existing markets or entering new markets).
Core Concept: Value Creation
Value creation is central, focusing on the difference between a firm’s cost of production and the value that consumers perceive in its products. This can be achieved through low-cost strategies or differentiation.
Advantages for
Read MoreHealth System Evolution: Reforms, Challenges & Sustainability
New Horizons and Health System Reform Needs
International Context of Health Services
The rapid evolution of the Spanish National Health System (SNS) in recent years has placed it on par with those of comparable developed countries, despite differences in structure, organization, and operation, as they share common situations and problems. Economic, technological, and societal factors equally affect all countries in Western Europe. Consequently, the evolution of different health systems has led them
Read More