Professor Kuban explains how firm resources and capabilities relate to competitive advantage and above-average profits. Slides PDF: scottkuban.com/video-lecture-...
Hello, Thank you for your video, So you said that: PESTEL if for global word analysis, what about the SWOT and porter ? Porter: inside the firm? and the swot : inside the firm and industry environment ? Thank you :)
Porter's 5 Forces is for industry analysis. Resource Based View (RBV) is for firm analysis. PESTLE is for everything outside those two that could impact either. SWOT is more a handy way to organize your findings from those three into categories because without the other analysis you don't know what is a strength, weakness, opportunity, or threat. E.g., A shift in consumer preferences towards metal water bottles (PESTLE) is a threat to a firm with a core competence in plastic-specific manufacturing (RBV), but a potential opportunity to a firm with a core competence in marketing new products that outsources all of its manufacturing (RBV). (note: I have videos on each of the these except SWOT)
@@videolectures1 Thank you very much for your answer!! You wrote core competence, its about what a company does better than its competitors? I will watch your videos, thank you, all the best :)
I am MBA student in Ethiopian i like your lecture but is better your face isn't shown at all because i am sort of destructed between the graph and looking at your face. And its better not to exceed more that 8 mints.
a pleasure to listen, thank you
Hello thank you very much for this lecture very clear and straight to the point.
Thank you so much, doing an assignment for SCM and had no idea what is RBV. This video helped alot
Glad it helped!
Thank you! Clear & precise explanation.
Glad it was helpful!
Great video! Thank you!
Thanks for lecture.
Most welcome!
ty
Hello,
Thank you for your video,
So you said that: PESTEL if for global word analysis,
what about the SWOT and porter ?
Porter: inside the firm?
and the swot : inside the firm and industry environment ?
Thank you :)
Porter's 5 Forces is for industry analysis.
Resource Based View (RBV) is for firm analysis.
PESTLE is for everything outside those two that could impact either.
SWOT is more a handy way to organize your findings from those three into categories because without the other analysis you don't know what is a strength, weakness, opportunity, or threat. E.g., A shift in consumer preferences towards metal water bottles (PESTLE) is a threat to a firm with a core competence in plastic-specific manufacturing (RBV), but a potential opportunity to a firm with a core competence in marketing new products that outsources all of its manufacturing (RBV).
(note: I have videos on each of the these except SWOT)
@@videolectures1 Thank you very much for your answer!!
You wrote core competence, its about what a company does better than its competitors?
I will watch your videos,
thank you, all the best :)
I am MBA student in Ethiopian i like your lecture but is better your face isn't shown at all because i am sort of destructed between the graph and looking at your face. And its better not to exceed more that 8 mints.