In: Economics
Sustainable Competative Advantage
Step 1: Develop a list of your business’s assets and capabilities (either existing or proposed) for Microsoft.
Step 2: Break that list into two groups: standard and extraordinary.
Step 3: Evaluate the extraordinary resources/capabilities.
Discuss with one another - challenge each other on the comparative "extraordinariness" of assts. Are they reALLY extraordinary? How?
The above components of building capable organization structure, as describes the steps that the progressive components needs to adapt the be reverent in the competitive business environment and progress in all sphere of corporate development.
The components are: -
- Staffing the Organization
- Building the core competency and competitive capabilities
- Structuring the organization and work effect
1. Staffing the Organization - Success requires a talented and skilled team to manage the challenges in the competitive environment. This team at the apex is responsible for the day to day functionality of the organization and ensuring that it is moving in the right direction.
2. Building the core competencies and competitive capabilities - In the business environment the skills and the competencies required to be relevant in the business and to satisfy the ever changing customer needs one has to be adapt the skills, learn and relearn at a periodic interval of time.
Various types of schemes have been made by the companies to encourage the employees to adapt new skills and to take up new training programs.
3. Structuring the organization and work effect - It entails putting the right talent on the right place.