Answer:
Competitive Advantage by creating value
Value:
reduce cost Strategy; low prices
Differentiation Strategy: Creating a uniques product diffrent from your competitors
2Core Capabilities: it has do with creating competitive advantage, strategic resources to meet aims and objectives
3.Valuable, Rare, Inimitable, Organized
4.- Value of Human Capital: very key in contributing to competitive advantage
- Human Capital must be distinct:
5.o Strategic Knowledge Workers: they have unique skills, get more pay
o Core Employees: they have skills to perform certain task.they can be replaced with another employer
o Supporting Labor: They have general skills
o Complementary/Alliance: They are like contractors or allies
see the explanation below for further answers to 6,7,8,9
Explanation:
1. List and describe the components of Porter’s Strategy typology
Competitive Advantage by creating value
Value:
reduce cost Strategy; low prices
Differentiation Strategy: Creating a uniques product diffrent from your competitors
2. Explain the concept of "core capabilities"
Core Capabilities: it has do with creating competitive advantage, strategic resources to meet aims and objectives
3. Identify the criteria for a core capability (or resource) to become a source of sustained competitive advantage for an organization
Valuable, Rare, Inimitable, Organized
4. Identify the two dimensions along which human capital differs according to the human capital architecture.
- Value of Human Capital: very key in contributing to competitive advantage
- Human Capital must be distinct:
5. List and describe the four types of workers identified by the human capital architecture model.
o Strategic Knowledge Workers: they have unique skills, get more pay
o Core Employees: they have skills to perform certain task.they can be replaced with another employer
o Supporting Labor: They have general skills
o Complementary/Alliance: They are like contractors or allies
7.Match the four types of workers to their correct location along the human capital architecture
o Strategic Knowledge Workers: high unique, high value
o Core Employees: low unique, high value
o Supporting Labor: low unique, low value
o Complementary: high unique, low value
8. Summarize the components and principles of the two generic HR strategies.
Control vs. Commitment Oriented Work System:
- High Performance Work System:
9. Explain how the components of a high performance work system (HPWS) should fit both with one another and with other systems in the organization
o when a component changes it effects a change in the other
o Horizontal fit: make certain all HR practices,management , work design, and technologies complement one another
