5/17/2008
Swings of a pendulum
In class we talked about I/O model and RBV model as two alternative perspectives in studying strategic management process. In addition, I posted on the web an optional reading about this topic. Do you think those two perspectives are really alternative? Is there any way to considered them interconnected? Give your comments and please sign your post with your name and lastname.
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3 comments:
I think the I/O model and the RBV model complement one another. A firm must not only examine its external environment but also take into account its internal structure. By neglecting external or internal, a firm will not see the overall competitive picture and the subsequent strategy will be inherently flawed.
Laura Grubl
I think that the I/O model and the RBV model are interconnected. The Resource-based model suggests that the strategy the company chooses should allow it to use its competitive advantages in an attractive industry. This is made easier by the I/O model, which is used to identify an attractive industry.
I think the two models are interconnected. The I/O Model says that industry and external forces are the main influence on businesses. However, i feel that as the industry conditions may effect the decisions of managment, those decisions in return change the industry conditions a little at a time. The Resource-Based Model says that a company's unique resources and inner capabilities are what influence it. However the industry also effects the resources. Suppliers and investors have control over some resources.
Todd Allen
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