Fourth Lecture continues on material exposed in Lecture 3. The notion of "competences" is explained in depth with reference to BMW and F1 cases. The importance of competences is also illustrated by Southwest airlines case which provides anm interesting definition of competence as "recipy" of how to maximize the use of one specific type of resource. Furthermore, this Lecture gives a dynamic definition of competences and introduces the notion of "developing capabilities over time" as a prerequisite for sustainable competitive advantage. In fact, it appears that superior capabilities can lead to superior performance, by improving the terms on which resource commitments can be made and rise barriers to imitation...
- Course Repository / Calendar & Readings: Please read carefully recent posts in "Calendar & Readings" Category
- Reminder: 1st in-vivo test (with reference to Lectures 1, 2, 3, 4): Wednesday 10.01.2007 at 6pm!
--petros
