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Resources Based View (RBV), Transactional Cost Economics (TCE),…

- - - - Ex: Land, building, equipment, capital (modal)
        
        Those are usually Short-Term
        
        Because they can be bought
        
        they are competitice advantage
    - - Inmobile
        
        Resources cannot easily to move from company to company in short-term
        
        Example
        
        Apple
        
        Some Company would like to replicate the strategy of apple product
        
        But they cannot replicate easily, because it needs time to make:
        
        Some Innovation
        
        The Customer
        
        Competitors cannor quickly replicate their rival's resources or strategy
      - Heterogenous
        
        Different resources
        between company
        
        If some firms have
        same forces, they still have
        different resources
        
        Ex
        
        Apple & Samsung
        
        They have same product i.e smartphone
        
        1 more item...
        
        RBV has attributes to become
        
        VRIN
        
        Rare
        
        Not avaible to competitors
        
        If everyone has it, so it's not rare anymore and not provide a competitive advantage
        
        It means, you're unique
        
        Inimitable
        
        Difficult and Costly to imitate
        
        ex: suply chain process, it hard to imitate, because you know about know-how
        
        Non-Subtitutable
        
        Cannot be replace by easily avaible resources
        
        must be costly if some company find a subtitute
        
        Ex
        
        1 more item...
        
        Valuable
        
        Reduce Cost
        
        reason
        
        1 more item...
        
        Increase Differentiation/Uniqueness
        
        Reflect, the purpose of the VRIN is to make competitive advantage
        
        so it can create
        
        Superior Performance in some company
  - - - Ex:
        
        Skills
        
        Capabilities
        
        Know-how
        
        Process
        
        Those are usually
        Long-term
        
        Becuase they take
        time to develop
        
        Know-How
        
        it's kind of
        Knowing:
        
        the innovation
        
        the process
        
        how easily to get customers
        
        One of of suply chain example
        
        They are competitive advantage
- - - - Cloth
        
        Move to anywhere
      - Logistically
      - Cotton Raw Materials
        
        Transformed
- - - - ex
        
        Selling Product
        Between Organization
        
        need
        
        Negotiation
        
        Transportation
        
        Both of them need the cost
        
        How to minize the cost?
        
        1 more item...
  - - - It's almost same with the outside
      - need
        
        Negotiation
        
        ex/happen
        
        Some people on organization need to communicate when they deciding something, so when they do like meeting, they need to be given some cost/money to conduct the meeting
        
        it means, how do they come to the meeting
        
        need
        
        3 more items...
        
        Transaction
- - - - Every human need to think broader, but there is limitation
        
        called
        
        Bounded reality
      - You cannot decide certainly, if you have just little information
        
        called
        
        Uncertainty
  - - - 2 Kind of Firm will make coordination
        
        PC Maker
        
        need to create chip
        
        Deciding the price for the chip
        
        the price need to be lower
        
        Chip Manufacturer
        
        make investment to PC Maker
        
        to create the chip
        
        for
        
        ex: 100 million of investment
        
        If PC maker fail to do the business
        
        Risk
        
        have
  - - - 2 Supliers
        
        On Your Organization
        
        They will have Opportunity to collud the price
        
        called
        
        Opportunism
        
        How to prevent? (copilot)
        
        Clear Contracts: Establish detailed contracts with clear terms and conditions to discourage opportunistic behavior.
        
        Multiple Suppliers: Diversify the supplier base to reduce dependency on a small number of suppliers.
        
        Relationship Building: Develop strong relationships with suppliers to foster trust and mutual understanding.
        
        Monitoring Systems: Set up monitoring systems to regularly assess supplier performance and compliance with agreements.
        
        those 2 supliers is Small Numbers of your supliers in your organization
- - - - utilising the complementary relationship
        
        Information and Communication Technology (ICT)
        Resources
        
        Should ICT to be outsourcing?
        
        ICT Innovations
        
        The Process
        (Workflow)
        
        Background
        
        Moore's Law
        
        1 more item...
        
        to Enabling/Establishing conditions that facilitate the realization of synergy between ICT and organizational resources.
        
        Organizational Resources
        
        has
        
        Intangible Assets
        
        Communication Aligment
        
        Ensuring that business managers and ICT managers are on the same page improves the implementation and utilization of ICT.
        
        Digital Culture
        
        Having expertise in Management Information Systems is vital for effectively leveraging ICT.
        
        MIS Competence
        
        Intrinsic motivation among users drives engagement and productive use of ICT resources.
        
        User Motivation
        
        A culture that embraces digital transformation can significantly boost the adoption and value realization of ICT investments.
        
        Kind of Organization
        
        Based On
        
        Snow, Fjeldstad, and Langer (2017)
        
        Digital Organization
        
        called
        
        Actor-Oriented Organization
        
        Traditional Organization
    - - Value
      - Rarity
      - Inimitablity
      - Organization
    - - Realizing Synergy
        
        The ultimate goal is to enhance overall organizational performance through strategic use of ICT.
        
        create and the main goals
        
        Competitive Advantage
    - - Hierarchical Solution
- - - - Enforcement and Policing Cost
        
        Costs associated with ensuring that vendors comply with the terms of their agreements.
      - Bargaining and Decision Cost
        
        Costs incurred during the negotiation of agreements and establishment of contractual relationships.
      - Search Information Cost
        
        These are costs related to finding suitable suppliers and obtaining necessary information.
    - - Opportunistic Behaviour
        
        create
        
        Challenges
        
        Loss of Reputation
        
        Conflicts
        
        Behavioral Uncertainty
        
        self-seeking with guile
      - Bounded Rationality
        
        create
        
        Challenges
        
        Leads to Incomplete Contracs
        
        Prevent actors to knowing possible outcomes
        
        ex: Limit the ability of decision-makers to foresee every potential outcome, leading to incomplete contracts.
        
        seeking a decision that will be good enough rather than the best decision.
    - - Marked Solution
- - - - involve
        
        the management’s efforts for coordination, motivation, and aligning efforts towards the organization’s objectives
      - Objective on
      - Ex:
        
        Assigning Responsibilities
        
        determining who needs additional competence (such as through training)
        
        possibly changing the way work is conducted (like business process reengineering)
    - - between
      - how well IT assets fit with organizational resources?
      - It’s about the degree of compliance and whether they work seamlessly together.
        
        For example, it considers
        
        if the people involved have the necessary competence and motivation
        
        if the processes are compatible
        
        if the technologies can be integrated without issues
    - - Competitive Advantage