PDF Notes: BS UNIT3

    Master this deck with 12 terms through effective study methods.

    Generated from uploaded pdf

    Created by @chandana

    What defines strategic capability?

    It assesses the adequacy and suitability of resources and competences for survival.

    What are tangible resources?

    Physical assets like machines and buildings.

    What are intangible resources?

    Non-physical assets such as patents and brands.

    How do competences differ from resources?

    Competences involve the effective deployment of resources.

    What is the resource-based view of strategy?

    Competitive advantage comes from unique capabilities.

    What is strategic fit?

    Aligning capabilities with external opportunities.

    What is strategic stretch?

    Leveraging capabilities to gain competitive advantage.

    What role does organisational knowledge play in strategic capability?

    It enhances the effectiveness of resource deployment.

    What are human resources in the context of strategic capability?

    The skills and knowledge of an organisation's workforce.

    What happens if an organisation lacks strategic capabilities?

    It may struggle to survive and prosper in its market.

    What is the significance of benchmarking in diagnosing strategic capability?

    It helps compare performance against industry standards.

    What is the impact of continual improvement in cost efficiency?

    It enhances competitive advantage and profitability.