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Strategic Management @ 2013 	
Wai Chamornmarn
08 ความสามารถเชิงกลยุทธ์
Strategic Management @ 2013 	
Strategy is a Creation of Stories
Strategic Management @ 2013 	
Why Do Firms Differ ?
Strategic Management @ 2013 	
	
 	
 ความสามารถเชิงกลยุทธ์
Strategic Management @ 2013
Strategic Management @ 2013 	
แนวคิดสําคัญ: ความสามารถเชิงกลยุทธ์
ความสามารถในการเชิงกลยุทธ์หมายถึงทรัพยากรและ competences ขององค์กรที่
จําเป็นสําหรับจะอยู่รอดและประสบความสําเร็จ
Strategic Management @ 2013 	
Strategic Resources
•  Strategic resources: ทรัพยากรที่ บริษัทใช้งานเพื่อให้บรรลุเปรียบในการแข่งขัน
•  ทรัพยากร:
–  Physical (manufacturing facilities, service centres, location)
–  Intellectual (patents, proprietary technology, expertise)
–  Organizational (employee relationships, customer relationships, supplier
relationships, community relationships, reputation)
–  Financial (cash, borrowing capacity, equity financing capacity)
•  ทรัพยากรเชิงกลยุทธ์โดยทั่วไปมักจะยากที่จะได้มาและยากที่จะคัดลอก -สร้างเอกลักษณ์ /
uniqueness ของ บริษัท
Strategic Management @ 2013 	
n Competitive advantage;/เปรียบในการแข่งขัน: ความจุในการสร้างสูงกว่าค่าเฉลี่ย
ประสิทธิภาพที่เหนือกว่าเมื่อเทียบกับคู่แข่ง	
n ทรัพยากรและความสามารถเป็นที่มาของการสร้างมูลค่าใน บริษัท เช่นแหล่งที่มาของ
ความได้เปรียบ
n Resources and capabilities give competitive advantage are (VRIN):
n  มีคุณค่า/Valuable - someone willing to pay
n  หายาก/Rare - unique
n  เลียนแบบไม่ได้ /Inimitable - hard to copy due to complexity, ambiguity
n  ทดแทนไม่ได้ /Non-substitutable - resources and/or capabilities
n Superior performance /ประสิทธิภาพที่เหนือกว่าเป็นผลมาจากหายาก/scarcity และ
นวัตกรรม/innovation.
Internal Factors Competitive Advantage
Strategic Management @ 2013 	
Core Competence
Core Competences
ความรู้โดยรวม/Collective
knowledge ของวิธีการ
ประสานทักษะและ
เทคโนโลยี
Prahalad & Hamel
(1990)
Distinctive Capabilities
กระบวนการทางธุรกิจที่
เชื่อมต่อกับความต้องการ
ของลูกค้า
Stalk, Evans & Shulman
(1992)
Strategic Assets
ความสามารถในการปรับใช้
ทรัพยากรเพื่อให้เกิดเป้าหมาย
ที่พึงประสงค์
Amit & Shoemaker
(1993)
=
=
Strategic Management @ 2013 	
Distinctive Competence
Strategic resources + dynamic capabilities
แหล่งสําคัญของsustainable competitive advantage
Core competences คือทักษะและความสามารถที่จะนําไปใช้
ในการจัดกิจกรรมขององค์กรและกระบวนการเช่นเพื่อให้เกิดการ
เปรียบในการแข่งขันในรูปแบบที่คนอื่นไม่สามารถเลียนแบบหรือได้
รับ
Takahiro Fujimoto, a professor and the
executive director of the Manufacturing
Management Research Center at the
University of Tokyo, also stressed the
importance of retaining manufacturing
capabilities at home, especially as
Japan, unlike economies such as the
U.S., has no strong agriculture or
service sector that it can sell in
overseas markets but has to rely on
manufacturing.
Prof. Takahiro Fujimoto is a Professor of Graduate School of Economics,
Department pf Business and Market Studies, the University of Tokyo.
Strategic Management @ 2013 	
Monotsukuri
THE FUTURE OF THE JAPANESE
INDUSTRIES: AN APPROACH IN
TERM OF DESIGN-BASED
COMPARATIVE ADVANTAGE
Takahiro FUJIMOTO
Professor, Faculty of Economics,
MMRC, University of Tokyo
Strategic Management @ 2013
Strategic Management @ 2013 	
	
 	
 Organizational Routines
Strategic Management @ 2013 	
Process of Routinization
Strategic Management @ 2013 	
Routine as programing principle
Strategic Management @ 2013 	
The principle of independence and the routine in action (Ra)
Strategic Management @ 2013 	
Routine Structure and Knowledge Management:
Impacts on Routine Attributes, Value and Imitability
Strategic Management @ 2013 	
Practice- Dialectic in Action -
Strategic Management @ 2013 	
Creative Routines of Practical Reasoning
Strategic Management @ 2013 	
Practical Reasoning
Strategic Management @ 2013 	
	
 	
 Dynamic Capabilities
Strategic Management @ 2013 	
Dynamic capabilities
“the ability to integrate, build, and reconfigure
internal and external competencies to address
rapidly changing environments”.
Teece's concept of dynamic capabilities is a
theory about the source of corporate agility:
"the capacity (1) to sense and shape
opportunities and threats, (2) to seize
opportunities, and (3) to maintain
competitiveness through enhancing,
combining, protecting, and, when necessary,
reconfiguring the business enterprise's
intangible and tangible assets.”
Prof. David Teece, the Thomas W. Tusher Professor in Global Business and
faculty director of the Institute for Business Innovation
Strategic Management @ 2013 	
SIDNEY G. WINTER
Deloitte and Touche Professor
Emeritus of Management
Giovanni Dosi is Professor at the
Sant'Anna School of Advanced
Studies in Pisa
Richard R. Nelson is an American
professor of economics at
Columbia University.
Strategic Management @ 2013 	
What are Microfoundations? David J. Teece
Microfoundations are “elements” of Dynamic Capabilities. They consist of
discrete process/methodologies/structures that undergird clusters of dynamic
capabilities
I. Routines/Methodologies
•  Organizational Routines
–  Ex: product development along a known trajectory
•  Analytical Methodologies
–  Ex: investment choices
II. Individual Acts and Action
•  Creative managerial and entrepreneurial acts
–  Ex: pioneering a new market
Strategic Management @ 2013 	
Three Clusters of Microfoundations*
•  Sensing
–  Identification and assessment of an opportunity
–  Easiest to embed in the organization
•  Seizing
–  Mobilization of resources to address an opportunity and to capture value
•  Transforming
–  Continued renewal
–  Inherently difficult to routinize
•  Each cluster is supported by organizational process; but also by the
entrepreneurial and leadership capabilities of the top management team
27
*“Explicating Dynamic Capabilities: The Nature and Microfoundations of (Sustainable) Enterprise Performance”, Strategic
Management Journal, 28:13 (December 2007), 1319-1350.
What might faster and more effective look like in practice?
That is to say that an individual does not necessarily need to be sensing and responding every
hour, instead they need to do it faster and more effectively than competitors
Strategic Management @ 2013 	
Dynamic Capabilities Framework
Strategic Management @ 2013 	
“A corporation is a living organism;
it has to continue to shed its skin.
Methods have to change. Focus has
to change. Values have to change.
The sum total of those changes is
transformation.”
Andrew Stephen Grove
“For his important contributions to the computing industry and profession as an entrepreneurial
leader, advisor, and mentor”
Strategic Management @ 2013 	
• Grove describes business transformation and resource
reconfiguration as ‘the valley of death’ because “you
need to tear things apart before you can put together
the new” (Puffer, 1999, p. 18).
• That move was essentially Grove’s decision to commit
to the microprocessor as the company’s new direction.
Transforming Intel from a ‘memory’ company (Intel’s
primary focus since its foundation in 1968) to a
‘microcomputer’ company in 1985 has been described
as the most monumental act in Intel’s history
(Burgelman, 1991)
“Success breeds complacency, complacency breeds
failure...only the paranoid survive” (Grove, 1996)
Strategic Management @ 2013 	
Professor Robert Burgelman
Executive Director of the Stanford Executive Program
Robert Burgelman is Edmund W. Littlefield Professor of Management at the
Stanford School of Business
Interview with Professor Robert
Burgelman
"Leaders are people who make
organizations do things that
don't come naturally"
The Role of the Strategy-Making Process for Corporate Longevity
Strategic Management @ 2013 	
Basis of
Competitive
Advantage in
the Industry
Internal
Selection
Environment
Distinctive
Competence
of the Firm
Official
Corporate
Strategy
Strategic
Action
Intel skills in circuit design and
process technology, but not
manufacturing
INERTIA NEW OPPORTUNITIES
DRAM products become a commodity.
Winning requires low cost and high
quality which depends on manufacturing skills.
•  MarketINDUSTRY FORCES •  Non-Market
I. Dynamic Forces in Firm Evolution: “The Rubber Band Model”
Strategic Management @ 2013 	
Basis of
Competitive
Advantage in
the Industry
Internal
Selection
Environment
Distinctive
Competence
of the Firm
Official
Corporate
Strategy
Strategic
Action
Official
STRATEGY is
ahead of
ACTION
Apple
“Newton”:
handheld
product
strategy
ACTION is
ahead of
STRATEGY
Fab
capacity
allocation
diverges
from
strategy
I. Dynamic Forces in Firm Evolution: “The Rubber Band Model”
Strategic Management @ 2013 	
	
 	
 Learning Mechanism
http://www.druid.dk/conferences/nw/paper1/zollo_winter.pdf
Strategic Management @ 2013 	
Creative Space: Autonomy , Creative Chaos, Energizing Ba.
Strategic Management @ 2013 	
41
”spaces of flows” :People flows /Idea and Information flows
“Waigaya” at Honda
Strategic Management @ 2013 	
Small World Networking
Strategic Management @ 2013 	
Scrum Approach
“The New New Product Development Game”
Strategic Management @ 2013 	
Ability to grasp the essence of particular situations/things.
Strategic Management @ 2013 	
	
 	
Knowledge-Based Management
Strategic Management @ 2013 	
Ikujiro Nonaka
Professor,
The Graduate School of International Corporate
Strategy Hitotsubashi University
Xerox Distinguished Faculty Scholar
UC Berkeley
Not “Managing Knowledge”
But “Knowledge-based Management.”
Strategic Management @ 2013 	
Knowledge is
Strategic Management @ 2013 	
Three Types of Knowledge
Strategic Management @ 2013 	
Six Abilities that Constitute Phronesis
Strategic Management @ 2013 	
Philosophy system
•  ■Corporate Philosophy
Living and prospering together with
people, society, and the globe, we aim to
be a value-generating corporation that
contributes to creation of a prosperous
society.
•  ■Behavioral Guidelines
As a good corporate citizen, we will:
• implement open and fair corporate
activities
• fulfill our social responsibilities, and
conserve the global environment.
• offer creativity, and provide added value
• respect people, and create an active
workplace worth working in.
Strategic Management @ 2013 	
Characteristics of Knowledge
•  1. Increasing Return
2. Unlimited Usage
3. Production and
Consumption Unseparated
•  4. Difficulties in Market
Transaction
5. New Value by Re-
categorization
6. Quickly Outdated
7. Created by Human in
Relationship
Strategic Management @ 2013 	
Basic Components of Knowledge-based Organization
Strategic Management @ 2013 	
SECI Process
Strategic Management @ 2013 	
Four Categories of Knowledge Assets
Strategic Management @ 2013 	
A Knowledge-Creating Organization is
Strategic Management @ 2013

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Strategic Resources and Core Competencies

  • 1. Strategic Management @ 2013 Wai Chamornmarn 08 ความสามารถเชิงกลยุทธ์
  • 2. Strategic Management @ 2013 Strategy is a Creation of Stories
  • 3. Strategic Management @ 2013 Why Do Firms Differ ?
  • 4. Strategic Management @ 2013 ความสามารถเชิงกลยุทธ์
  • 6. Strategic Management @ 2013 แนวคิดสําคัญ: ความสามารถเชิงกลยุทธ์ ความสามารถในการเชิงกลยุทธ์หมายถึงทรัพยากรและ competences ขององค์กรที่ จําเป็นสําหรับจะอยู่รอดและประสบความสําเร็จ
  • 7. Strategic Management @ 2013 Strategic Resources •  Strategic resources: ทรัพยากรที่ บริษัทใช้งานเพื่อให้บรรลุเปรียบในการแข่งขัน •  ทรัพยากร: –  Physical (manufacturing facilities, service centres, location) –  Intellectual (patents, proprietary technology, expertise) –  Organizational (employee relationships, customer relationships, supplier relationships, community relationships, reputation) –  Financial (cash, borrowing capacity, equity financing capacity) •  ทรัพยากรเชิงกลยุทธ์โดยทั่วไปมักจะยากที่จะได้มาและยากที่จะคัดลอก -สร้างเอกลักษณ์ / uniqueness ของ บริษัท
  • 8. Strategic Management @ 2013 n Competitive advantage;/เปรียบในการแข่งขัน: ความจุในการสร้างสูงกว่าค่าเฉลี่ย ประสิทธิภาพที่เหนือกว่าเมื่อเทียบกับคู่แข่ง n ทรัพยากรและความสามารถเป็นที่มาของการสร้างมูลค่าใน บริษัท เช่นแหล่งที่มาของ ความได้เปรียบ n Resources and capabilities give competitive advantage are (VRIN): n  มีคุณค่า/Valuable - someone willing to pay n  หายาก/Rare - unique n  เลียนแบบไม่ได้ /Inimitable - hard to copy due to complexity, ambiguity n  ทดแทนไม่ได้ /Non-substitutable - resources and/or capabilities n Superior performance /ประสิทธิภาพที่เหนือกว่าเป็นผลมาจากหายาก/scarcity และ นวัตกรรม/innovation. Internal Factors Competitive Advantage
  • 9. Strategic Management @ 2013 Core Competence Core Competences ความรู้โดยรวม/Collective knowledge ของวิธีการ ประสานทักษะและ เทคโนโลยี Prahalad & Hamel (1990) Distinctive Capabilities กระบวนการทางธุรกิจที่ เชื่อมต่อกับความต้องการ ของลูกค้า Stalk, Evans & Shulman (1992) Strategic Assets ความสามารถในการปรับใช้ ทรัพยากรเพื่อให้เกิดเป้าหมาย ที่พึงประสงค์ Amit & Shoemaker (1993) = =
  • 10. Strategic Management @ 2013 Distinctive Competence Strategic resources + dynamic capabilities แหล่งสําคัญของsustainable competitive advantage Core competences คือทักษะและความสามารถที่จะนําไปใช้ ในการจัดกิจกรรมขององค์กรและกระบวนการเช่นเพื่อให้เกิดการ เปรียบในการแข่งขันในรูปแบบที่คนอื่นไม่สามารถเลียนแบบหรือได้ รับ
  • 11. Takahiro Fujimoto, a professor and the executive director of the Manufacturing Management Research Center at the University of Tokyo, also stressed the importance of retaining manufacturing capabilities at home, especially as Japan, unlike economies such as the U.S., has no strong agriculture or service sector that it can sell in overseas markets but has to rely on manufacturing. Prof. Takahiro Fujimoto is a Professor of Graduate School of Economics, Department pf Business and Market Studies, the University of Tokyo.
  • 12. Strategic Management @ 2013 Monotsukuri THE FUTURE OF THE JAPANESE INDUSTRIES: AN APPROACH IN TERM OF DESIGN-BASED COMPARATIVE ADVANTAGE Takahiro FUJIMOTO Professor, Faculty of Economics, MMRC, University of Tokyo
  • 14. Strategic Management @ 2013 Organizational Routines
  • 15. Strategic Management @ 2013 Process of Routinization
  • 16. Strategic Management @ 2013 Routine as programing principle
  • 17. Strategic Management @ 2013 The principle of independence and the routine in action (Ra)
  • 18. Strategic Management @ 2013 Routine Structure and Knowledge Management: Impacts on Routine Attributes, Value and Imitability
  • 19. Strategic Management @ 2013 Practice- Dialectic in Action -
  • 20. Strategic Management @ 2013 Creative Routines of Practical Reasoning
  • 21. Strategic Management @ 2013 Practical Reasoning
  • 22. Strategic Management @ 2013 Dynamic Capabilities
  • 23. Strategic Management @ 2013 Dynamic capabilities “the ability to integrate, build, and reconfigure internal and external competencies to address rapidly changing environments”. Teece's concept of dynamic capabilities is a theory about the source of corporate agility: "the capacity (1) to sense and shape opportunities and threats, (2) to seize opportunities, and (3) to maintain competitiveness through enhancing, combining, protecting, and, when necessary, reconfiguring the business enterprise's intangible and tangible assets.” Prof. David Teece, the Thomas W. Tusher Professor in Global Business and faculty director of the Institute for Business Innovation
  • 24.
  • 25. Strategic Management @ 2013 SIDNEY G. WINTER Deloitte and Touche Professor Emeritus of Management Giovanni Dosi is Professor at the Sant'Anna School of Advanced Studies in Pisa Richard R. Nelson is an American professor of economics at Columbia University.
  • 26. Strategic Management @ 2013 What are Microfoundations? David J. Teece Microfoundations are “elements” of Dynamic Capabilities. They consist of discrete process/methodologies/structures that undergird clusters of dynamic capabilities I. Routines/Methodologies •  Organizational Routines –  Ex: product development along a known trajectory •  Analytical Methodologies –  Ex: investment choices II. Individual Acts and Action •  Creative managerial and entrepreneurial acts –  Ex: pioneering a new market
  • 27. Strategic Management @ 2013 Three Clusters of Microfoundations* •  Sensing –  Identification and assessment of an opportunity –  Easiest to embed in the organization •  Seizing –  Mobilization of resources to address an opportunity and to capture value •  Transforming –  Continued renewal –  Inherently difficult to routinize •  Each cluster is supported by organizational process; but also by the entrepreneurial and leadership capabilities of the top management team 27 *“Explicating Dynamic Capabilities: The Nature and Microfoundations of (Sustainable) Enterprise Performance”, Strategic Management Journal, 28:13 (December 2007), 1319-1350.
  • 28. What might faster and more effective look like in practice? That is to say that an individual does not necessarily need to be sensing and responding every hour, instead they need to do it faster and more effectively than competitors
  • 29. Strategic Management @ 2013 Dynamic Capabilities Framework
  • 30.
  • 31. Strategic Management @ 2013 “A corporation is a living organism; it has to continue to shed its skin. Methods have to change. Focus has to change. Values have to change. The sum total of those changes is transformation.” Andrew Stephen Grove “For his important contributions to the computing industry and profession as an entrepreneurial leader, advisor, and mentor”
  • 32. Strategic Management @ 2013 • Grove describes business transformation and resource reconfiguration as ‘the valley of death’ because “you need to tear things apart before you can put together the new” (Puffer, 1999, p. 18). • That move was essentially Grove’s decision to commit to the microprocessor as the company’s new direction. Transforming Intel from a ‘memory’ company (Intel’s primary focus since its foundation in 1968) to a ‘microcomputer’ company in 1985 has been described as the most monumental act in Intel’s history (Burgelman, 1991) “Success breeds complacency, complacency breeds failure...only the paranoid survive” (Grove, 1996)
  • 33. Strategic Management @ 2013 Professor Robert Burgelman Executive Director of the Stanford Executive Program Robert Burgelman is Edmund W. Littlefield Professor of Management at the Stanford School of Business Interview with Professor Robert Burgelman "Leaders are people who make organizations do things that don't come naturally" The Role of the Strategy-Making Process for Corporate Longevity
  • 34. Strategic Management @ 2013 Basis of Competitive Advantage in the Industry Internal Selection Environment Distinctive Competence of the Firm Official Corporate Strategy Strategic Action Intel skills in circuit design and process technology, but not manufacturing INERTIA NEW OPPORTUNITIES DRAM products become a commodity. Winning requires low cost and high quality which depends on manufacturing skills. •  MarketINDUSTRY FORCES •  Non-Market I. Dynamic Forces in Firm Evolution: “The Rubber Band Model”
  • 35. Strategic Management @ 2013 Basis of Competitive Advantage in the Industry Internal Selection Environment Distinctive Competence of the Firm Official Corporate Strategy Strategic Action Official STRATEGY is ahead of ACTION Apple “Newton”: handheld product strategy ACTION is ahead of STRATEGY Fab capacity allocation diverges from strategy I. Dynamic Forces in Firm Evolution: “The Rubber Band Model”
  • 36. Strategic Management @ 2013 Learning Mechanism
  • 38.
  • 39.
  • 40. Strategic Management @ 2013 Creative Space: Autonomy , Creative Chaos, Energizing Ba.
  • 41. Strategic Management @ 2013 41 ”spaces of flows” :People flows /Idea and Information flows “Waigaya” at Honda
  • 42. Strategic Management @ 2013 Small World Networking
  • 43. Strategic Management @ 2013 Scrum Approach “The New New Product Development Game”
  • 44. Strategic Management @ 2013 Ability to grasp the essence of particular situations/things.
  • 45. Strategic Management @ 2013 Knowledge-Based Management
  • 46. Strategic Management @ 2013 Ikujiro Nonaka Professor, The Graduate School of International Corporate Strategy Hitotsubashi University Xerox Distinguished Faculty Scholar UC Berkeley Not “Managing Knowledge” But “Knowledge-based Management.”
  • 47. Strategic Management @ 2013 Knowledge is
  • 48. Strategic Management @ 2013 Three Types of Knowledge
  • 49. Strategic Management @ 2013 Six Abilities that Constitute Phronesis
  • 50. Strategic Management @ 2013 Philosophy system •  ■Corporate Philosophy Living and prospering together with people, society, and the globe, we aim to be a value-generating corporation that contributes to creation of a prosperous society. •  ■Behavioral Guidelines As a good corporate citizen, we will: • implement open and fair corporate activities • fulfill our social responsibilities, and conserve the global environment. • offer creativity, and provide added value • respect people, and create an active workplace worth working in.
  • 51. Strategic Management @ 2013 Characteristics of Knowledge •  1. Increasing Return 2. Unlimited Usage 3. Production and Consumption Unseparated •  4. Difficulties in Market Transaction 5. New Value by Re- categorization 6. Quickly Outdated 7. Created by Human in Relationship
  • 52. Strategic Management @ 2013 Basic Components of Knowledge-based Organization
  • 53.
  • 54. Strategic Management @ 2013 SECI Process
  • 55.
  • 56. Strategic Management @ 2013 Four Categories of Knowledge Assets
  • 57.
  • 58. Strategic Management @ 2013 A Knowledge-Creating Organization is