Core Competencies Essay Example for Free

Core Competencies Essay A business or product which generates a sturdy, dependable flow of cash. Dog- a product with low market share in a slow growing market and thus neither generates more consumes large amounts of cash. Star- products that are in high growth markets with a relatively high share of that market. They tend to generate high amounts of income. Question Mark- growing rapidly and thus consumes large amounts of cash but because they have low markets shares they do not generate much cash 2. What are core competences? Core competences are critical capabilities to a business achieving competitive advantage. The starting point for analysing core competences is recognising that competition between businesses is as much a race for competence mastery as it is for market position and market power. Senior management cannot focus on all activities of a business and the competencies required to undertake them. So the goal is for management to focus attention on competencies that really affect competitive advantage. 4 Potential sources of core competences * Distribution * Marketing * Management * Manufacturing 4 criteria used to evaluate core competences * Valuable * Rare * Costly to imitate * Non substitutable 3. What should an audit of resources include? The resources available to a business whether it be owned or obtained through partnerships, joint ventures or simply suppliers arrangement with other businesses. The assessment of the strength and weakness of an organisation in conjunction with an assessment of opportunities and threats. It should have the key success factors for the markets and industries in question and the comparable strengths and weaknesses of competitors for the same customers. 4. What are the strategic options for competing in a Mature Industry? Prune marginal products and models * Emphasize innovation in the value chain Strong focus on cost reduction * Increase sales to present customers * Purchase rivals at bargain prices * Expand internationally * Build new, more flexible competitive capabilities 5. Define the Value System The Value System is the set of interdependent situations within a business which both directly or indirectly adds value to the customer and ultimately generates a net cash inflow. This also provides a key link between competitive strategy and shareholder value. Even though the value system bears some resemblance to Porter’s value chain, the latter is perhaps less flexible and less easily tailored to the variety of the modern business.

Fitness Training :: essays research papers fc

Most fitness and training facilities now have stability balls, foam rolls, balance boards and other â€Å"fun† toys as part of their conditioning equipment. These are part of a new trend in the strength and conditioning field called â€Å"functional training†. Definition Functional training is the action of training â€Å"function†, a general term that meaning â€Å"role or duty†. Functional training is the science of training the body to meet the specific demands of life and sports. It is based on 1) the principle of specificity and 2) muscle function. The principle of specificity also known as SAID (Specific Adaptations to Imposed Demands) means that the body responds and adapts specifically to the type and amount of physical demands under which it is placed. In other words, you only improve what you’ve specifically trained. Since muscle form dictates the role and function of each muscle, muscle needs to be trained the way it is designed to funct ion. Origin Functional training is nothing new and comes primarily from the rehabilitation field. For many decades, therapists have been experimenting with ways of helping their patients regain function. Their goal is to retrain muscles to work properly using special exercises. In their quest to help their patients to become more functional, they have a developed functional training approach. Traditional vs. Functional Traditional strength training usually consists of trying to develop strength and build muscle through isolating specific muscle groups. This type of training could be called dysfunctional training and only develop segmental strength. Traditional strength training is adequate for building muscle but it does not train the body to meet the specific demands of life and sports. It does not reproduce real life conditions and only serves to create non-functional strength. Peter Twist, Vancouver Canucks Strength and Conditioning Coach, explains: â€Å"Typical strength traini ng attempts to develop the body through a piecemeal approach, isolating specific muscle groups. Worse yet, this is often done with the body unloaded, sitting stationary on a machine while moving one isolated body part through a controlled range of motion, usually in a strict linear, straight ahead motion†. Traditional strength training train isolated muscle function while functional training train the body to work as a unit. The central nervous system is programmed to make the body function as a unit, not to work in terms of isolated muscle function. Functional training is â€Å"functional† since it trains the body the way it has been designed to function.

How economically smart war is Essay

War has been a part of the lives of people since history began. People have battled over different things, ranging from roaming rounds in prehistoric times to control of the world in present day. This essay will analyze how economically smart war is, specifically World War I, from the view of the United States of America. The US entered World War I in 1917; however, we entered the economic war long before that. The US had been supplying Europe with weapons, bullets, and other equipment into the war. The term mobilizing is used in warfare, but our economy was getting a boost without the US sending any soldiers out of the country. These products were inelastic, meaning that the consumers of the goods were unresponsive in change in price. For the US, this meant that they could set prices at extreme prices and the countries that could not make these goods themselves or get from another source had to buy the goods at these extreme prices. This created an economic boom for 44 months from 1914-1918. This also eased the process of the US joining the war. It was not as economically straining to mobilize for war because some facilities that would be used for the war were already functioning close to the production possibilities curve. This means that the facilities were functioning at maximum efficiency. During this time period, the unemployment rate went from 7.9% to 1.4%, showing that as soldiers left to go overseas, jobs opened up on the home front. However, the war had to be paid for somehow, and this somehow came on the form of taxes and bonds. Takes were raised from anywhere from 20%- 60%. War bonds were bought by citizens and were promised to be repaid with interest after the war. However this also would lead to the downfall in the Great Depression, as the government would have no money left to pay the population back with. In my opinion, war has a greater value than the debts it creates. It is about â€Å"flexing your military muscles† to make sure order is kept in the world. Some of the things that soldier’s lives are lost for are found many years later in the forms of our rights and freedoms and do not have a value that can be expressed in dollars and cents. Because these do not have prices, it is a personal opinion weather a war is economically worth the risk. However, I feel that it is worth being able to live the life that I have now than suffer under laws enforce upon our country by the would-be conquers of my homeland.

Swot Analysis Strategic Planning And Management Essay

CHAPTER IX STRENGTHS, WEAKNESSES, OPPORTUNITIES, AND THREATS ANALYSIS Strengths, Weaknesses, Opportunities, and Threats of a particular business venture are the four elements that is being evaluated in the SWOT Analysis. It is a planning method that is usually carried out by a company or organization specifying the objective of the business and identifying internal strengths and weaknesses plus external opportunities and threats that are both favorable and unfavorable to attain that certain objective. Its main aim is to pinpoint the main factors that are essential in achieving a specific business objective. Specifically, it gives emphasis on the weakness of the business and develop ways to overcome it, identify threats to make it easier to manage and develop strategies to eliminate it, helps uncover the opportunities that the business may exploit, and assess the strengths of the business so that they can be enhanced. This chapter shows the detailed analysis of the Strengths, Weaknesses, Opportunities, and Threats of the proposed project through the SW OT Analysis. This fundamental technique of strategic planning and management will be applied in the business operation of the proposed Mangapao production. By carefully examining existing conditions, identifying and having a thorough analysis of the firm’s internal and external factors it is easier to make business related decisions which of course is vital for the firm’s success. This chapter also explains the necessaryShow MoreRelatedThe Global Tourism Industry Is Growing998 Words   |  4 Pagescompetitors, Mr. S realized that to find a proper strategic plan was necessary and urgent for the company. SWOT, as a business-assessment tool, helps management analyze its strengths, weaknesses, opportunities and threats (Berg Pietersma, 2015). 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