1 / 16

Internal Analysis of Resources and Competencies: Value Creation in Shops and Resources

This session discusses the internal analysis of resources and competencies, focusing on value creation in shops and resources. It includes a discussion on the Wachtell, Lipton case and explores how they create value, their critical competencies, and their strategy.

ritap
Télécharger la présentation

Internal Analysis of Resources and Competencies: Value Creation in Shops and Resources

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Session 4: Internal analysis of resources and competencies Knut Haanæs Associate Professor Norwegian School of Management - BI Knut Haanæs

  2. Internal analysis of resources and competencies Value creation in shops and resources McKinsey as a knowledge intensive firm - a discussion Wachtell, Lipton case Guest lecturer: Hugo Maurstad, partner Knut Haanæs

  3. Questions for Wactell, Lipton case • How does Wachtell, Lipton create value? • What are their critical competencies? • Do they have a strategy? -- In case they do: what characterizes their strategy? Knut Haanæs

  4. Internal analysis of resources and competencies Value creation in shops and resources McKinsey as a knowledge intensive firm - a discussion Wachtell, Lipton case Guest lecturer: Hugo Maurstad, partner Knut Haanæs

  5. The third value configuration The value chain The value network Source: Porter (1985); Stabell and Fjeldstad (1997) The value shop Knut Haanæs

  6. The value shop * Solving unique problems * Different disciplines * No line; circle * Mostly primary activities * Reputation driven * Referrals and sub-contracting * Learning * Leveraging expertise Value shop SOLVE PROBLEMS Stabell and Fjeldstad (1997) Knut Haanæs

  7. Activities in value shop Administration Consulting, Hospital, School, etc. Recruiting and competence development Technology development Purchasing PROBLEM IDENTIFICATION PROBLEM- SOLUTION CHOICE CONTROL/ EVALUATION DOING Solving unique problems! Stabell and Fjeldstad (1997) Knut Haanæs

  8. 3 types of problem solving Search Design Sorce: Stabell and Fjeldstad (1998) Diagnosis Knut Haanæs

  9. Key aspects of strategy in value shops Growth rates Pricing Recruiting Methods Scope Leverage (delegation) Partners (referral network) Learning Reputation Knut Haanæs

  10. Firm-specific resources Allocated and Traded Intellectual capital Mobilized and built RESOURCES Tangible resources Intangible resources Physical Financial Property-rights Relationship-based Competence-based Info. bases Reputation Image Knowledge Loyalty Skills Routines Loyalty Source: Haanes and Løwendahl (1997) Relations Aptitudes Culture Relations STRUCTURAL CAPITAL Controlled by organization HUMAN CAPITAL Controlled by individuals Knut Haanæs

  11. Competence Knowledge Competence (“To know something that can be used to do something”) Skills Knut Haanæs

  12. 3 criteria for sustained competitive advantage NOT IMITABLE? VALUE? SCARCE? Source: Barney (1991) Knut Haanæs

  13. 2 strategic challenges NOT IMITABLE? VALUE? SCARCE? MOBILIZED? APROPRIATED? Knut Haanæs

  14. Core competencies • Can give access to new markets • Lead to perceived advantages for customers • Integration of knowledge and skills • Limited number (5-15) • Take time to develop / built through doing • Difficult to understand / socially complex Knut Haanæs

  15. Value creation and resources Value creation Competence Relations Flow Quality Reliability Efficiency Scale Quality Chain Reputation Referrals Sub-contracting Problem solving New combinations Mobilize competencies Shop Many relations to many customers Many co-operative / competitive partners Contracting Segmenting Communicating Network Knut Haanæs

  16. Internal analysis of resources and competencies Value creation in shops and resources McKinsey as a knowledge intensive firm - a discussion Wachtell, Lipton case Guest lecturer: Hugo Maurstad, partner Knut Haanæs

More Related