The Internal Organization

The Internal Organization

1. 1. Assets traditionally considered important to a company’s survival in the competitive market are less probable to drive competitive advantage. This perspective is because of the increasing number of companies utilizing their assets to develop core competencies to apply a global strategy. This approach helps them overcome the pros developed by traditional assets.
   2. Considering the increasing emphasis on the international arena, companies evaluating their internal organization need to utilize a global mind-set. A global mind-set refers to the ability to evaluate, comprehend, and manage an internal organization independently on the assumption of an individual nation, culture, and perspective.
   3. A global mindset substantially helps an organization to outperform its business competitors. It influences a manager’s decisions to find solutions that are more global-oriented than country-oriented.
   4. Evaluators of the internal organization need to analyze the overall portfolio of assets and capabilities. Companies often have different resources and capabilities. Therefore, understanding how to utilize the unique bundle of strengths and opportunities is an essential characteristic of decision-makers.
   5. Companies utilize their resources to produce commodities and services that create value for clients. A commodity’s performance in the market measures its value. This encompasses what consumers are willing and able to pay.
   6. Creating value for clients is the source of above-average revenues for a company. An organization’s intention concerning the creation of value influences its decision-making and business strategy.
   7. Understanding the features of a company’s industry determines how it should position itself against competitors. The emphasis on industry features helps a firm draft a competitive strategy for its resources and capabilities.

1. The difficulty of implementing effective decisions is shown by preliminary evidence demonstrating that half of the firm’s choices lead to failure. At times, firms make mistakes when analyzing conditions in the internal environment.
2. An organization can improve by observing its mistakes. Learning from making and rectifying mistakes is critical to generating new capabilities and a core competitive edge.
3. When to give up is one capability to be learned from a firm’s mistakes. A firm can choose to change its strategies to secure a favorable market position.

ORDER A PLAGIARISM-FREE PAPER HERE

We’ll write everything from scratch

The Internal Organization

This week, the readings/videos focused on the topic of The Internal Organization. For this assignment, I would like you to reflect on the literature and identify 10 key points that you took away from the assignments. For each of the key points, you are to identify the point and provide 2-3 sentences explaining the point. Please number each of the 10 points.

suggested video: https://www.youtube.com/watch?v=mZeNOaO3Pzk