SLP internal analysis and SWOT Analysis

Introduction Resource Based View is a modern day management tool that is used in crafting company’s strategy using the available resources and distinctive capabilities. One of the ways of achieving this is the use of Economic Values Added (EVA) or the Economic Rent (Connely, 2010). The EVA is gotten by subtracting the firm’s Net Operating Profit After tax (NOPAT) from the multiplication of the firm’s cost of capital by the firm’s capital i.e. NOPAT – (CAPITAL * COST OF CAPITAL).Advertising We will write a custom coursework sample on SLP internal analysis and SWOT Analysis specifically for you for only $16.05 $11/page Learn More A firm’s competitive advantage is therefore determined by its ability to use the available resources and utilize the core competencies to achieve targeted objectives (Barney, 1991). This paper discusses the various resources and competencies that an organizational can use to achieve compet itive advantage over other firms. Sources Ensuing are two sources that offer information about these resources and competencies that provide a foundation for the formulation of a firm’s strategy. https://www.marketingteacher.com/swot-analysis/. This source highlights on how the firm’s management can use the internal analysis to ensure that it formulates strategies that are based on the internals strengths of a firm. Examples these internal factors are resources such as human capital, patents, skills, goodwill and physical resources such as equipment and buildings. The disadvantage of this source is that the firm only uses internal environment to formulate the strategy ignoring the external environment which presents conditions that a business operates in. https://fba.aiub.edu/Files/Uploads/MGT110043.pdf. In his book, Henry presents the resource based view as a management tool for strategy formulation. Distinctive capabilities are useful in a firm’s competitivene ss since the competitors are unable to duplicate them. The limitations of this source are that it looks at the firm which is established and has heavily invested in research and developments thus have acquired competencies in the specific operation area. Small firms are therefore not able to use these types of resources. Resources Resources are the inputs that a company uses in all the functional areas of its operations to produce the desired output and thus achieve the set target (Comeford Callaghan, 2011). Financial resources ensure that a firm has adequate amount of liquid cash to carry out the operations as well as finance the expected investments. This keeps the firm’s value high since its equity is not composed of large amounts of debt.Advertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Human resources are other important organizations physical resources that ensure that the firm’s operations are of high quality. A workforce that is highly competent will make sure that the firm’s products are of high quality and also the firm employs efficient production methods resulting in low production costs. Technical resources are intangible resources which enhance a firm’s products quality. Advanced technical knowledge in the production process ensures that the firm’s products are preferred over the competitors since they are of superior quality (Barney, 1991). This therefore acts as an important resource that will form a basis of customer loyalty hence boosting a firm’s profitability. Intellectual resources are resources that a firm has acquired through research and development. These include patents and copyrights. Patents ensure that a firm possesses the exclusive right over certain means of production (Barney, 1991). A firm considers patents as important assets since it is able to employ unique production methods to achieve better results than the competitors. Goodwill is resources which a firm bears that make provide a competitive advantage over others. It may be in form of location, first mover advantage or customer loyalty. Goodwill usually puts a firm at a better state than the competitors and usually results in customer loyalty. It is therefore important in formulation of the firm’s strategy since it will ensure that firm strategic location and actions that will make it favorable over the competitors. A firm’s reputation ensures that it bears goodwill and this acts to foster the customer loyalty on the products. Architecture is the ability of a firm to bear different structures and networks that ensure it is well positioned to take on the competition provided by the other market players. Innovation gives a firm the ability to come with new products that are more appealing to the ever changing consumer tastes and preferences. A firm that is able to come up with new products will alwa ys enjoy a competitive advantage since its products will address the consumers presents tastes and preference.Advertising We will write a custom coursework sample on SLP internal analysis and SWOT Analysis specifically for you for only $16.05 $11/page Learn More Conclusion The Resource Based View is therefore and important management tool that is used to formulate a company’s strategy using the internal environment analysis. An internal environment will always provide the controllable parameter that an organization can manipulate to achieve its set targets and objective. References Barney, J. B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management , 99-120. Comeford, R., Callaghan, d. (2011). Environmental, industry, and internal analysis. London: Prentice Hall. Connely, D. (2010). Strategy for Internal Environment. Henry, A. (2007). The Internal Environment of an Organization. London: Oxford University Press. This coursework on SLP internal analysis and SWOT Analysis was written and submitted by user Kaylynn Hebert to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Real Life Examples of Fallacies of Racism in a Summary For Essay

Real Life Examples of Fallacies of Racism in a Summary For EssayHave you been looking for a list of real-life samples of fallacies of racism in a summary for the essay? Of course you have, because you hate to waste the time that you have. It is amazing how many of them there are out there, and it really gets you thinking if we have really gone down this road. This is because you know the chances of getting yourself into trouble with the police are very high.Racists are so used to living in a society that they know exactly what they are doing. They know who they are targeting. If you have been one of these individuals, you will probably be ashamed of yourself for a long time to come. It is actually hard for people like this to change, but you will need to make some changes if you want to be accepted again. This is because it will only be up to you if you are not going to succeed.If you do want to give up your racism then the best thing that you can do is to seek professional help. You will find that you have not made the decision that you want to make, and you can use this as an opportunity to see where you can improve. But before you go on and do that you should sit down and write down some examples of real-life samples of fallacies of racism in a summary for the essay. These examples of racism that you will write down can really help you out in helping you in making your decision.The written examples that you will write down will probably be much more powerful than anything that you will ever read from the internet. There is no advertising on the internet, so the only people who know about these samples are the people who have seen them. And people who have seen them are not the same people who write them. The writer does not care about whether the examples that they have written are true or not, they just want you to think that they are true.Examples that are very short and easy to understand are very powerful. When they say that they have hundreds of example s, but if you look at just one example you will see how easy it is to just look at the title and get a general idea of what is written. That is how it works; you look at the title and see how it says it, and you can tell that it is some kind of punch line.So, when you see an example of this kind you will not have to take their word for it. You can check it out for yourself and see what you think. This is how you become smarter with racism, so make sure that you put these examples in your own essay.Examples of this kind of racism are not going to be as hard to find as those examples of racism in a summary for the essay, because these are made by the person who created the example in the first place. You will be able to find them much easier than you would have been able to before. That is why they are so powerful, because they are not written by people who are trying to hide anything.