What is the relevance of the resource-based view of the firm to strategic management in a global environment? Identify and analyse role of communities of practice in knowledge management and the challenges and issues pertaining to community of practice.

Chapter 6.  Strategy Formation: Situation Analysis and Business Strategy

1. Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations.

Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)

Mintzberg, H. (1978). Patterns in Strategy Formulation. Management Science, 24(9), 934-948. http://www.jstor.org/stable/2630633

Question 1

What is the relevance of the resource-based view of the firm to strategic management in a global environment?

1.1  Learning Outcomes:

Identify and analyse role of communities of practice in knowledge management and the challenges and issues pertaining to community of practice.

6.2 Action Required:

Click on the following link to read about communities of practice, how they support the organization and different types of communities.

https://www.apqc.org/expertise/knowledge-management/communities-of-practice

 6.3 Test your Knowledge (Question):

1. How communities of practice support organizations? Which type of community is best for the organization you work in?