Internal Analysis and Core Competencies
Internal Analysis and Core Competencies
Internal Analysis and Core Competencies
AND CORE
COMPETENCIES
ABOUT US
STRENGTHS
W
WEAKNESSES
These are the limitations that prevent an organization to accomplish its mission.
It also slows down a company's growth.
O OPPORTUNITIES
Refers to external factors that a company operates to provide a greater chance
of high profit.
T
THREATS
Potential external factors that could hinder the company's growth.
Resource-based view (RBV)
The Resource-Based View (RBV) is a framework in the field of strategic
management that focuses on the internal resources and capabilities
of a firm as key drivers of competitive advantage and sustained
performance. The supporters of this view argue that organizations
should look inside the company to find the sources of competitive
advantage, instead of looking at the external competitive environment.
2 TYPES OF RESOURCES
01 02 03
Differentiation Cost leadership Focus advantage
A business that has a focus
Differentiation refers Companies that are able
advantage refers to targeting
to a number of ways to lower costs and offer products, services, or
of tailoring a business lower prices for their marketing to cater to a small
strategy to create customers have what’s subsection of a business’s
target audience. In order for
beneficial points of known as pricing power. this to work long-term,
difference between a companies must rely on
business and its market research to keep a
finger on the pulse of ever-
competitors.
changing consumer demands.
How to Get a Sustainable Competitive
Advantage
01 02 03
LEAN ON MARKET FOCUS ON CUSTOMER CONTINUALLY DEVELOP
RESEARCH EXPERIENCE. NEW PRODUCTS
https://www.mindtools.com/ajhsltf/porters-value-chain
https://www.netsuite.com/portal/resource/articles/financial-management/value-chain-analysis.shtml
https://www.linkedin.com/pulse/value-added-non-value-activities-business-processes-jasmeet-kohli
https://thinkinsights.net/strategy/rbv-
strategy/#:~:text=Therefore%2C%20RBV%20assumes%20that%20companies,the%20same%20external%2
0market%20forces.