1,771
22
Essay, 2 pages (300 words)

Free essay about resource-based view: value chain

Advertising We'll write a high-quality original custom paper on Free essay about resource-based view: value chain just for you with a 15% discount for the 1st order Use a Discount Use a Discount

Business Strategy and Mission

The strategy and mission of a firm are two closely relate concepts that are arguably inseparable. The mission which is the ultimate goal, for which the organization exists, is usually a long-term objective which the firm seeks to achieve (Advertising Educational Foundation 2008). To attain the ultimate achievement, the management draws tailored strategies, with clear, executable goals, which are implemented with a view to realizing the mission. Accordingly, a business organization’s mission is dependent on the effective execution of a strategy, while the latter depends on a clear mission.

The resource-based view of a firm focuses on an organization’s resources, and how the firm deploys the resources to bolster its competitive advantage. It is an essential aspect of a business strategy since careful resources utilization is central to making the firm unique, hence the company’s strategic positioning in the market (Fahy and Smithee 1999). The view is intertwined with the value chain, a model through which the firm adds value to raw materials through a systematic process to produce quality products that are of value to the consumers. The firm should integrate the resource-based view in its strategy to gain a sustainable competitive advantage.

Major Areas of Environmental Assessment

Environmental assessment is aimed at understanding the possible effects of production process as the firm pursues its strategy. The major areas include assessment of possible risks imposed on human health and environment. The strategic assessment should determine such environmental risks to ensure that the business strategy complies with corporate and social responsibility standards that should be part of the strategy in the first place. Understanding the potential hazards that implementation of a certain strategy could pose to the environment and human health helps minimize such risks.

Works Cited

Advertising Educational Foundation. Mission vs. Goals vs. Objectives vs. Strategy vs.
Executions vs. Tactics. Advertising Educational Foundation, 2008. Web. 22 Nov. 2013.
Fahy, John, and Smithee Alan. Strategic Marketing and the Resource Based View of the Firm.
Academy of Marketing Science Review, 1999. 10 (1999): 1-24

Thanks for voting and helping us improve!
Free essay about resource-based view: value chain. Page 1
Free essay about resource-based view: value chain. Page 2
Free essay about resource-based view: value chain. Page 3

The paper "Free essay about resource-based view: value chain" was contributed to our database by a real student. You can use this work as a reference for your own writing or as a starting point for your research. You must properly cite any portion of this sample before using it.

If this work is your intellectual property and you no longer would like it to appear in our database, please request its deletion.

Ask for Removal

Create a Citation on Essay

References

PaperPrompt. (2021) 'Free essay about resource-based view: value chain'. 28 November.

Reference

PaperPrompt. (2021, November 28). Free essay about resource-based view: value chain. Retrieved from https://paperprompt.com/free-essay-about-resource-based-view-value-chain/

References

PaperPrompt. 2021. "Free essay about resource-based view: value chain." November 28, 2021. https://paperprompt.com/free-essay-about-resource-based-view-value-chain/.

1. PaperPrompt. "Free essay about resource-based view: value chain." November 28, 2021. https://paperprompt.com/free-essay-about-resource-based-view-value-chain/.


Bibliography


PaperPrompt. "Free essay about resource-based view: value chain." November 28, 2021. https://paperprompt.com/free-essay-about-resource-based-view-value-chain/.

Work Cited

"Free essay about resource-based view: value chain." PaperPrompt, 28 Nov. 2021, paperprompt.com/free-essay-about-resource-based-view-value-chain/.

Get in Touch with Us

Do you have more ideas on how to improve Free essay about resource-based view: value chain? Please share them with us by writing at the [email protected]