The Resource-Based View Theory (RBV Theory), developed by Jay Barney in 1981, explains competitive advantage as a result of a firm’s internal resources and capabilities rather than external industry conditions. The theory argues that firms achieve sustained superior performance when they possess resources that are Valuable, Rare, Inimitable, and Organized (VRIO), enabling them to effectively…
Industrial Organization (IO) Theory, associated with the work of economists such as Michael Porter, explains how industry structure shapes firm behavior, competition, and performance. The theory argues that profitability and strategic choices are largely determined by external market forces that exist within a firm’s operating environment. These forces include barriers to entry, bargaining power of…
I was invited for a meeting in an office, and the meeting was moved from the office to a boardroom. Interestingly, none of us sat on the seat that was at the head. Presumably, the seat is reserved for the board chair, CEO, or whichever head is chairing the meeting. One of us even noted…
Summary When we talk of the future workplace and the future of leadership, do you think it is important to talk about the employee of the future? This is the essence of this insight. For the past two years, the human race has been in a constant adaptation period which has called for innovation, resilience,…
A culture could be described as a group of shared ideas and habits of a group of individuals who live together, which distinguishes that group’s identity. Common values and perspectives are at the heart of any culture. Remember how our experts focused on personality in our previous workshop? Now, culture for a team or organization…
In the wake of the Covid-19 pandemic, a lot of changes have been witnessed in different industries and different sectors of the economy. These changes have gone a long way to introduce us to a rapidly changing global atmosphere spanning across the economic, socio-political, cultural and religious spheres. At a time when the world literally…
Corporate purpose, huh? There were days when work was not interesting even to me, which was quite baffling being the lead consultant of my consulting firm. It felt ridiculous that I would start a business I was not passionate about. I had no idea why I was doing what I was doing, yet I was…
Summary According to Gallup’s State of the Local Workplace report, 85% of employees are disengaged at work, costing $7 trillion in lost productivity. Organizational development also improves internal communication to better align team members with the organization’s vision. When workers feel empowered, they are driven to give their best work and are ready to take…
Today’s undoubtedly enigmatic landscape of modern business, maneuvering the path to success can be both challenging and exhilarating. For many entrepreneurs and business leaders, the journey involves overcoming numerous obstacles, making tough decisions, and continually adapting to change. Tim Mwangi, a seasoned strategy and management consultant, understands these challenges all too well. Drawing from his…
Business Registration in Kenya is a pivotal step that brings numerous benefits and opportunities. Beyond gaining formal recognition, business registration opens doors to financial assistance, access to markets, and legal protection. Our team of consultants are here to help you at every step of the way, and provide expert support even after registration, to assist…