Running Head: DISCUSSION QUESTIONS Wk3

Discussion Questions Wk3

Discussion Questions Wk3

Discussion Questions Wk3 How might an organizational evaluation be beneficial? How might it be detrimental? An organizational evaluation can be beneficial for a number of reasons. Ultimately, the internal analysis takes place as a tool to identify the weaknesses and strengths of an organizations structure as well as management. In addition, the internal analysis compares and contrasts an organizations previous achievements and its worries with the companys present abilities as a way of identifying and categorizing an organizations future potential in the business (Pearce and Robinson, 2011, p. 13). While there are significant benefits to an internal analysis/organizational evaluation, this process can have just as many shortcomings. Barney (2007) explained that without proper analytical tools need to identify an organizations abilities; an internal analysis can prove pointless when choosing strategies (p. 11). Moreover, traditional analysis tools make the suggestion that some organizations should select approaches that glorify potential opportunities, while avoiding to acknowledge weaknesses, thereby exposing an organization to a greater potential of harm. How might a resource-based view of internal capabilities complement a strengths, weaknesses, opportunities, and threats (SWOT) analysis? Provide an example. A SWOT Analysis is a historically popular technique used by managers as a way of creating an overview of an organizations strategic situation; emphasizing the Strengths, Weaknesses, Opportunities, and Threats. Pearce and Robinson (2011) explained that the resourcebased view provides a conceptual frame to inventory a firms potential competitive advantage among its tangible and intangible assets, and its organizational capabilities (p. 167). Ultimately, the RBV provides managers with the guidelines needed to make a proper assessment of said

Discussion Questions Wk3 resources and capabilities. An example of this idea is Best Buy and competing online stores like Amazon.com. While Best Buy is known for providing customers with ideal electronics that most

customers want (strength), Amazon.com, an online store, focuses on providing customers with the same electronics wanted by customers, for more affordable prices. Best Buy has slowly become a showroom giving customers the opportunity to walk in a store and sample the things they want to buy, while Amazon.com provides customers with the same merchandise for more affordable prices. How might the value, rarity, imitability, and organization analysis of internal capabilities complement a SWOT analysis? Provide an example. The assessment of value, rarity, and imitability of an organization are all essential factors needed to determine an effective way of implementing the strategies needed when developing an organizations SWOT analysis (Barry 2007). An example of an organization that must analyze its value, rarity, and imitability is the restaurant Texas de Brazil. Unlike normal restaurants, Texas de Brazil offers a different dining experience. They offer endless salad and soup bars, as well as a fresh sushi bar, but what set them apart are their presentations of meats. A Brazilian steakhouse, waiters bring premiere meats fresh on a stake and cut endless portions for their customers. This is what makes this dining experience different from other restaurants frequented by customers.

Discussion Questions Wk3

References Pearce, J. A., II, & Robinson, R. B. (2011). Strategic management: Formulation, implementation, and control (12th ed.). Boston, MA: McGraw-Hill/Irwin. Barney, J. B. (2007). Gaining and sustaining competitive advantage (3rd ed.). Upper Saddle River, NJ: Pearson Prentice Hall.