Resources and Capabilities
A tool for determining a firm’s strengths, weaknesses, opportunities, and threats.
What is a SWOT analysis?
A stream of activities from upstream to downstream that add value.
What is a value chain?
The resource-based framework that focuses on the value, rarity, imitability, and organizational aspects of resources and capabilities.
What is VRIO framework?
Firm that executes design blueprints provided by Western firms and manufactures such products.
What is an original equipment manufacturer (OEM)?
Assets that are observable and easily quantified.
What is tangible resource capability?
Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors.
What is benchmarking?
The socially intricate and interdependent ways firms are typically organized.
What is social complexity?
Firm that both designs and manufactures products.
What is an original design manufacturer (ODM)?
Assets that are hard to observe and difficult (if not impossible) to quantify.
What is intangible resource and capability?
A process of market competition through which unique products that command high prices and high margins gradually lose their ability to do so, thus becoming commodities.
What is commoditization?
The difficulty of identifying the actual cause of a firm's successful performance.
What is causal ambiguity?
Firm that designs, manufactures, and markets branded products.
What is an original brand manufacturer (OBM)?
the tangible and intangible assets a firm uses to choose and implement its strategies.
What are resources and capabilities?
Turning over an activity to an outside supplier that will perform it on behalf of the focal firm.
What is outsourcing?
the combination of numerous resources and assets that enable a firm to gain a competitive advantage.
What is a complementary asset?
Moving formerly offshored activities back to the home country of the focal firm.
What is reshoring?