MGT330 Ashford Wk 1 Facebook Distinctive and Core Competence Discussion

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Business Finance

MGT330

ashford university

Description

Select one of the companies below and conduct some basic research.

  • Facebook ( I chose this from the provided list)
  1. State what you believe is the distinctive competence and core competence of your selected company.
  2. Give an example of how the values and mission statement help to shape planning. Also give some internal and external factors that may influence the business in the future and explain how they will influence the business. Respond substantively to two other learners
  3. Complete a SWOT Analysis for your selected organization; applying each of the categories in evaluating the company.

***Please complete in APA format, also include all cited materials***

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SWOT Analysis Environment Opportunity Threat What are the company's advantages? What does the company do well? What could the company improve? What relevant resources does the What does the company do badly? company have access to? What should the company avoid? What do other people see as the company's strengths? Plan to pursue Monitor Strength Where are the good opportunities in front of the company? What are the interesting trends the company is aware of? Decide to pursue or Not Examples: Weakness Does the company face obstacles? What is the company's competition doing? Plan to fend off Threats Are the required specifications for the company's job, products or services changing? Is changing technology threatening the company's position? Does the company have bad debt or cash-flow problems? Could the company's weaknesses seriously threaten the business? *Changes in technology and markets *Changes in government policy related to the company's field *Changes in social patterns, population profiles, lifestyles, etc. *Local Events
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Explanation & Answer

Attached.

Running head: FACEBOOK

1

Facebook
Institution Affiliated
Date

FACEBOOK

2

Introduction
The company I choose to conduct the basic research on is Facebook Inc., which is a
social network company. I chose this company because it is undoubtedly one of the fastest
growing companies with numerous customers depend on it for communication and socialization.
Facebook is also the global leader in social networking and has recently acquired WhatsApp and
Instagram.
Distinctive and core competence
Distinctive competence refers to a competency that is unique to an organization and that
which sits well above other organizations and that which make the organization perform better in
terms of value exploration, proposition, creation, and delivery (Stoner, 1987). Other than being
the pioneer in social media networks, Facebook’s distinctive competency is the ...

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