introduction:
first step in constructing strategies that take advantage of resources and capabilities because they offer a potential competitive advantage over those of rivals.
the application of the valuable resources at the firm is the key concept behind the RBV which is basis for competitive advantage. in order to formulate strategy for an organisation it is necessary to know what resources are available, and how valuable they are to the organization.
There are many ways of conducting an internal audit of an organisation: first, resource audit (Grant, 1991). Second , value chain analysis (Porter, 1985). The first enables the organization to identify resources and begin to consider their value. The second helps the organization
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Competitive advantage in Al Hashar Pharmacy:
The company seeks to achieve the best target in the sales by using the best way for production and marketing by using technology and qualified employee.
To be competitive with other company Al Hashar Pharmacy company develop international way for marketing and give the customers good service , good quality to achieve customer satisfaction, to the competitive advantage of Al Hashar Pharmacy company improves trust in customer relationship.
Provide assurance of policy compliance to protect the company repetition.
Minimize the risk to provide for safeguarding during company activity.
The value chain in Al Hashar Pharmacy. Its primary activities revolve around making something – the chain begins with inbound logistics, where
Logistic departement connect with shipping company to get best price, organize the shipping process from company to the
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After receiving the goods the store department will enter the product information include item name, quantity, unit price, total price using Oracle system. Transportation department will deliver the items to the pharmacy clients as per orders. The department process using program name called (Oracle) the process in details such as Open account for customer in details, Order about materials, Performance invoice, Sales delivery monthly Report
Sales and marketing: The sales department in Al Hashar Pharmacy play important role in the sales and marketing is connect between the company and their customer, their responsibility of searching for new Market and customer, their focus to increase the target of sales every year to approach the big amount and benefits to the company.
To increase the business sales and marketing department relase medical campaign in different institution example Accu-Chek for diabetes.
Meet doctors eitor in private or public in the Clinic and Hospitals, ministry of helath by providing offer for new existing medican and medical
Janmar Coatings, Inc. In-Depth Case Analysis Prepared by: Elliot Thome In partial fulfillment of the requirements of Marketing Management and Policies Submitted February 26th, 2015 Case Synopsis In early January 2005, Ronald Burns, president of Janmar Coatings, Inc., and his senior management executives were faced with the issue of deciding where and how to deploy corporate marketing efforts among the various markets served by the company.
SUPPLY CHIAN NETWORK OF TARGET VALUE CHIAN ANALYSIS OF TARGET Value chain analysis is a set of inter - linked value creating activities performed by the organisation that begin with inputs, go through processing and continue up to outputs manufactured to customers. It is the set of activities that creates additional value for the customer. Value chain plays a central role in improving cost efficiency, quality and customer responsiveness. Each activity in the value chain adds to the value of product in each process from its creation to delivery.
In the review of the corporate level strategy, we can see many different competitive advantages branching from their use of corporate diversification and vertical integration. Going deeper into those strategies the three elements that allow for a competitive advantage for The Kroger Co. include operating into different markets, having a successful customer reward program, and by having many different locations nationwide under many different brand names. The VRIO analysis found that all three of these give Kroger’s a sustainable competitive advantage by being valuable, rare, costly to imitate and having the right organization structure business wide. In the review of the business level strategy, there were just as many different competitive
IPPE Introductory Assignment Please provide the following information for each of the following pharmacy settings: A. Explain the role of the pharmacist B. What are the advantages and disadvantages of each setting C. Do you see yourself working in that setting? Explain. 1. Retail/Independent Ownership A. A retail or independent pharmacist typically provides a person with general healthcare advice and has the authority to supply a prescription or a non-prescription medication to the public.
CVS retail stores sell prescription drugs and a wide assortment of general merchandise, including over-the-counter (OTC) drugs, beauty products, cosmetics, photo finishing, seasonal merchandise, greeting cards and convenience foods. The company also operates an online pharmacy. Additionally, it operates retail specialty pharmacies that support individuals that require complex and expensive drug therapies. In 2013, CVS earned $123 billion in revenues.
This means from 2016 to 2017, there was a decrease in profit. This is common in companies in their mature stage, which Johnson & Johnson is. Value Chain Value chain analysis is a tool used for the examination of the strategically relevant activities of a business in order to understand the behavior of costs and the potential sources of differentiation. Johnson & Johnson takes every opportunity to maximize the positive impacts and minimize the risks along its value chain.
5 Businesses or organizations throughout the world exhibit their own audit controls as well as observe specific procedures. When addressing IT audit issues, a business such as Asplundh Tree Expert, Inc. are known for their efficient audit procedures and internal practices. IT audit process effectiveness happens when an organization or business is adhereing or responding to set procedures. An organization may conduct several diverse audits, but consequently regardless of the audit type used, an audit is done to ensure a business or organization are using all resources available to them and for their benefit. Diverse IT audit selection ensures that the company set and meet goals and objectives that have been laid down by the international standards
Question 2: To do a resource-based analysis of any organization, it needs to go through different steps, first identify the three categories of the resources , the tangible ,intangible, and the human resources , second identify the capacity of the organization to put its resources for a desired end and in good use, third to decide on suitable strategy for the organization we need to do SWOT analysis to determine the organization strength and weakness compared to the competitors, third what are the key successful factors of the organization that can be determine by identifying the customers of the organization and their needs, and what the organization will do to survive the competition ( Hall&Keynes,2015) also audit analysis to Ford resources , and value chain analysis to Ford activities . In the next section, there will a brief explanation about the steps mentioned above , followed by an application to each step to, Ford motor which was incorporated in Delawae in 1919, it is a global automotive industry leader in Dearborn and Michigan, distributed vehicles across six continents the core business of Ford , designing and manufacturing cars, marketing , financing and servicing a full line of Fords cars, trucks, SUVs, and electrified cars, and Lincoln luxury car (Ford annual report,2015). Resource-based view (RBV) is an essential theory for strategic managers , considering the organization resources the assets , capabilities organization
This theory is based on the concept that there are five forces that determine the competitive intensity and attractiveness of a market. Porter 's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organization 's current competitive position, and the strength of a position that an organization may look to move into. Strategic analysts often use Porter’s five forces to understand whether new products or services are potentially profitable. By understanding where power lies, the theory can also be used to identify areas of strength, to improve weaknesses and to avoid mistakes.
Threat of substitutes (low): This is one of the great advantages of the pharma industry. Because the demand for pharma products continues and the industry flourish. One of the main reasons for high competitiveness in the field is that it is an ongoing
Operations Management Group ASSIGNMENT Various Operations of DOMINO’S Submitted To Submitted By Prof. SUNITA GURU Sristhi Roopchandani (151451) Date: 15/12/2015 Suyash Rathi (151452) Sweety Rani (151453) Tahirkhan (151454) Uttkarsh Yadav (151456) Table of contents Serial No.
hospitals than the private clinics Even though the cost of physician in govt hospitals are almost nil, the opportunity cost could
International Business Machines (IBM)- 1) Introduction IBM (International business machines) corporation is one of the biggest multinational computer technologies and IT consulting company spread over 170 countries with 330,000 employees. It has its headquarters in Armonk, New York, United States. IBM started its business on June 16, 1911. It is the manufacturer of computer parts for hardware and software and, consulting services and hosting services. And also offers services in infrastructure.
The value chain equates to the internal activities that a company employs in transforming its inputs to outputs; this helps with the improvement of activities, helping the company to achieve competitive advantage. In the analysis of H&M’s organizational capabilities the value chain analysis would show that with viewing the internal activities; this analysis would show where the company’s competitive advantages as well as disadvantages lies. This analysis would then depict the company’s core competencies. When a company is said to be competing through its cost advantage; it would most likely try to carry out its internal activities at a much lower cost than its competition would want to.
Walmart, Amazon, and EBay 1. Analyse each of these companies using the value chain and competitive forces models. The value chain model of Amazon in itself is internally and operationally the best that adds value and maintains competitive advantage. The primary activities include Inbound logistics for example quality control, receiving, raw materials, control and supply schedules; Operations for example packaging , maintenance, quality control; Outbound Logistics for example