According to the i/o model, what should a firm do to earn above-average returns what does the resource-based model suggest a firm should do to earn above-average returns what are strategic intent and strategic mission. 18 slide 18 - industrial organizational (i/o) model of above-average returns (aar) 19 slide 19 - the resource-based model of aar 20 slide 20 - the resource-based model of aar (cont’d). Introduction established in 1944, the coca cola company (coke) is based out of atlanta, georgia and produces coca cola, an aerated soft drink it w.
Strategic management and competitiveness in this assignment, you will decide on strategic management plans, a company's strategic competitiveness, and the best model for above-average returns in current market conditions, companies need to gain and then maintain a competitive edge over their competitors. The resource-based view (rbv) is a model that sees resources as key to superior firm performance if a resource exhibits vrio attributes, the resource enables the firm to gain and sustain competitive advantage. This model adopts an internal perspective to explain how a firm's unique internal resources and capabilities serves as a basis for earning above average returns the model is based on three assumptions:. As a result, the resource-based view offers some insight as to what defines strategic resources and furthermore what enables them to generate above-average returns (profit) upper management must carefully consider what resources are at the company’s disposal and how these assets may equate to operational value through strategic processes.
A resource-based approach to performance the resource-based view and porter’s five forces model stressing the an analysis of the connections between . Compare and contrast the i/o model of above-average returns with the resource-based model of above-average returns these models challenge the manager to seek. The resource-based model of above-average returns is grounded in the uniqueness of a company's internal resources and capabilities the five-step model describes the linkages between resource identification and strategy selection that will lead to above-average returns as shown in the figure above. Io & resource based model i/o model: above-average returns strategy dictated by the external environment of the firm (what opportunities exist in these .
5 use the resource-based model to explain how firms can earn above-average returns 6 describe strategic intent and strategic mission, and discuss their value to the strategic management process 7 define stakeholders, and describe the three primary stakeholder groups’ ability to influence organizations. Compare and contrast the i/o model of above-average returns with the resource-based model of above-average returns understand the assumptions of each before answering the discussion question. Industrial organization (i/o) model and resource-based (rb) model i/o model of above-average returns explains that the strategic choice of a firm is greatly influenced by the external environment this model includes the analysis of general, industry and competitive environment that influence business's strategic choices and operations accordingly.
In contrast to the input / output model (i/o model), the resource-based view is grounded in the perspective that a firm's internal environment, in terms of its resources and capabilities, is more critical to the determination of strategic action than is the external environment. Start studying strategy chapter 1 learn vocabulary, terms, and more with flashcards, games, and other study tools the resource-based model above average returns . What does the resource-based model suggest a firm should do to earn above-average returns this suggests that a firm¶s unique resources and capabilities are critical link to strategic competitiveness . Resource based model for above average returns resources capabilities competitive advantage attractive industry strategy formulation and implementation. Describe and discuss the resource-based model of above-average returns ans: the resource-based model focuses on the firm’s internal resources and capabilities these resources and capabilities determine the firm’s strategy and its ability to earn above-average returns.
Industrial organization model: above-average returns are determined primarily by factors external to the firm---industry structure resource based model: focuses . The resource-based model this model adopts an internal perspective to explain how a firm's unique internal resources and capabilities serves as a basis for earning above average returns the model is based on three assumptions:. Strategic decisions that the mgrs take about the components of their firms io are non-routine, have ethical implications and influence the organization’s above-average returns involves identifying, developing, deploying and protecting firms’ resources, capabilities and core competencies.
Resource-based model sugests that above-average returns are determined by characteristics inside the firm it focuses on devoloping and obtaining valuable resources and capabilities which are difficult or impossible for rivals to imitate core compenticies. Figure 13 the resource-based model of above-average returns the resource-based model of above-average returns is grounded in the uniqueness of a firm's internal resources and capabilities the five-step model describes the linkages between resource identification and strategy selection that will lead to above-average returns. We target a long-term average annual return of 3% to 5% above inflation, while taking the least amount of risk necessary to achieve that goal targetreturn is an “absolute return” strategy because its objective is independent of market returns.