This lecture we discuss following topics about HRM (adsbygoogle = window.adsbygoogle || []).push({}); How are company strategy and HR strategy related? As part of an HR strategy ...

Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value. (adsbygoogle = window.adsbygoogle ...

For almost two decades, managers have been learning to play by a new set of rules. Companies must be flexible to respond rapidly to competitive and market changes. They must benchmark ...

Strategic competition can be thought of as the process of perceiving new positions that woo customers from established positions or draw new customers into the market. For example, ...

Developing a strategy in a newly emerging industry or in a business undergoing revolutionary technological changes is a daunting proposition. In such cases, managers face a high level ...

The Implicit Strategy Model of the Past Decade **One ideal competitive position in the industry **Benchmarking of all activities and achieving best practice **Aggressive outsourcing ...

(adsbygoogle = window.adsbygoogle || []).push({}); Most companies owe their initial success to a unique strategic position involving clear trade-offs. Activities once were ...

Strategy as per Harvard Business Review: I. Operational Effectiveness Is Not Strategy II. Strategy Rests on Unique Activities III. A Sustainable Strategic Position Requires Trade-offs IV. ...

In Competitive Strategy (The Free Press, 1985), I introduced the concept of generic strategies – cost leadership, differentiation, and focus – to represent the alternative strategic ...

Choosing a unique position, however, is not enough to guarantee a sustainable advantage. A valuable position will attract imitation by incumbents, who are likely to copy it in one of ...