1.Identify Walmart core competencies and assess which ones are rare, costly, or
ID: 425815 • Letter: 1
Question
1.Identify Walmart core competencies and assess which ones are rare, costly, or not easily imitated. 2.Present a summary of Johnson and Johnson's organization's strengths and potential (or currently verifiable) competitive capabilities. Also, summarize the organization's weaknesses. Identify the company’s core competencies and assess which ones are rare, costly, or not easily imitated. 3.Apply the Resource-Based View (RBV) to help identify both the tangible and intangible assets the organization may be able to use to accomplish its intended strategies. 4.Consider and discuss the things that may make the organization's resources and capabilities difficult for others to imitate. Use Value Chain Analysis to help deepen the understanding of the relative value of the resources and capabilities that been have identified. Seek objective and independently verifiable evidence of potential rarity of the resources and capabilities. Please post reference material. Thank you!
Explanation / Answer
1. Identify Walmart core competencies and assess which ones are rare, costly, or not easily imitated.
Wal-Mart's core competencies are buying power, supply chain management and logistical superiority.
All the above are rare, costly and cannot be imitated easily. It is difficult tore plicate a culture. Also supply chain practices and knowledge cannot be easily imitated on such a scale. Wal-Mart relationship with suppliers is hard to crack and is difficult to have such a global relationship
2. Present a summary of Johnson and Johnson's organization's strengths and potential (or currently verifiable) competitive capabilities. Also, summarize the organization's weaknesses. Identify the company’s core competencies and assess which ones are rare, costly, or not easily imitated.
Strength
Weaknesses
Core competencies
All the above are rare, costly, or not easily imitated.
3. Apply the Resource-Based View (RBV) to help identify both the tangible and intangible assets the organization may be able to use to accomplish its intended strategies.
As per RBV an organisation should try to look into its existing resources and capabilities to attain competitive advantage, rather trying to look out externally. So, using RBV a company will
The after understanding the competitive advantage, it can aim to achieve its intended strategy in specific way. For eg if two companies focus on competing through differentiation. One company has better resources for customer service and other other has innovation as core competency, then the first one will differentiate through customer service and the second one through innovative products.
Resources are either tangible or intangible.
Assumptions of RBV
VRIN- helps to identify whether the resource or capability offers sustainable competitive advantage
4. Consider and discuss the things that may make the organization's resources and capabilities difficult for others to imitate.
Use Value Chain Analysis to help deepen the understanding of the relative value of the resources and capabilities that been have identified.
Seek objective and independently verifiable evidence of potential rarity of the resources and capabilities. Please post reference material. Thank you!
Resources can be hard to imitate for the following reasons:
Value chain and SWOT analyses helps to identify such resources and capabilities. In Value chain analysis, the company tries to identify the most valuable activities, that offer cost or differentiation advantage.
Examples of analysis includes
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