week 9

        1.      In your own words and using referenced quotes describe what is meant in strategy by the ‘Resource-Based View’?

  Ø  The resource based view declares that the organisation have better performance and competitive advantage which describe through its distinctiveness and capabilities.

Resources are the property of an organisation whereas competencies are the ways of utilizing the property to gain organisations goals effectively and efficiently.

  The main aim of Resource Based View Strategy of an organisation is to:

1. a.  Make Familiar about conceptual basis for declare that the key human resources are basis of Competitive advantage.

      b.      Firms have the opportunity to producing human capital advantage by the means of retaining and   recruiting outstanding workers, through detain the stock of brilliant talent humans, underlying with productive potential.

          c.       Isolating Mechanisms-attributes that create duplication complicated.

         d.      Outcomes in one perspective cannot easily be translated to another if the distinctive “Critical Success Factors” are missing.

         e.       Stresses value of different interrelation between the firms human resources and others like financial, legal, physical and so on.

          f.       Human Resource managers can be respected not only for their responsibility in implementing a given competitive situation, but for their role for producing strategic capability.





      2.. How might you undertake ‘Internal Strategic Analysis’? What models would you apply and why? Where would you go to find the information you need?


To take “Internal strategic Analysis” strategists may have to consider different thinks and needs to understand pros and cons and also depend on what kind of organisation it is, which type of situation and environment is organisation facing at present. Based on these questions we need to take appropriate internal strategic analysis so that organisation will lead and survive.

I would like to take and apply Mc Kinsey 7’s model because of following reasons: 

1. It is examined and applies in various organisations and facilitates us to understand issue of team effectiveness.

2. If something within the organisation is not working properly then it helps to find out the particular part which is not functioning well and make sure such part contributes to the organisation and shares goals and values.

3. This model helps to improve the performance of the organisation.

4. It facilitates to determine how to utilized proposed strategy to the maximum extend.

5. It supports processes and departments at the time of merger or acquisition.

This theory was developed in early 1980’s and named MC Kinsey 7’s Model. Robert Waterman and Tom Peters are the developers who work as consultants in Mc Kinsey and company consulting firms.
    
      There are seven elements to identify and understand for the organisational effectiveness is:  

      There are four “soft factors” such as skills, staffs, style and shared values are more influenced by the culture and less tangible. Soft factors are difficult to describe. 
     Also, there are three “hard factors” such as structure, system and strategy are the strategy of statements: IT system and formal Processes; reporting lines and organisational charts. Hard factors are easy to identify and define.

  

       3.      Talk about your group video work. How is it going so far? Do you have a plan? What are you most worried about at the moment? What is going well?!

·         Group video work is in progress. We are five members in a team or group named Bipin Lamichane, Saurabh Sahi, Narayan Sapkota, Bicky Gauchan and Prasant Timilsina. Our organisation will be the two reputed telecommunication industry of Nepal which is NTC and NCELL.

·         We are preparing to make presentation slides with video like our juniors students of year one had done. I feel it is not an easy task to join Presentation Slides with Video in perspective of Business students as compared to IT Guys.

·         Yes we have a plan to prepare and present. We prepared to present 5 Parts of Group Videos and assign one task to each individual so that it will be easy. Part 1 Covers Introduction of Industry NCELL and NTC, Part 2 covers PESTEL analysis, part 3 covers SWOT analysis, Part 4 covers MC Kinsey 7’s Model and finally part 5 Covers recommendation and conclusion.

·         I am worried about how to make a MC Kinsey 7’s Model of telecommunication of Nepal i.e. NCELL and NTC because it is not an easy task. We need to take our research in deep to understand and familiar with 7’s model which takes a lot of time and effort.

·         I think SWOT analysis of NTC and NCELL is going well. Because we have done it and understand the entirefour element like strength, weakness, opportunity and threat of NCELL and NTC Telecommunication of Nepal.

   References:

1. Collis, D. J. & Montgomery, C. A. 1987. Corporate strategy: Resources and the scope of the firm. New York: McGraw-Hill.

2. Grant RM. (1991) . The resource-based theory of competitive advantage: implications for strategy formulation. California Management Review33(3): 114–135.

3. Grundy AN, Brown LR. 2002a. Be Your OwnStrategy Consultant — Demystifying StrategicThinking. International Thomson Publishing:London.

4. J Teece, “Economic Analysis and Strategic Management“, ? California Management Review, Vol. 26, No. 3, Spring 1984, pp 87-110; J. B Barney, “Firm Resources and Sustained Competitive Advantage“, Journal of Management, Vol. 17, 1991, pp. 99-120.

5. Johnson G, Scholes K. 1989. Exploring CorporateStrategy. Prentice Hall: Hemel Hempstead.