The paper "Business Integration - Competencies for Successful Business and Competing for Duopolies" is a delightful example of a case study on business. This paper intends to explore the two selected topics on Woolworths’ strategy and its implementation situation, which include: competing duopolies and competencies for successful retailing. It also seeks to explain the rationale behind the choice of the topics and the way their issues have been described in the chosen articles. Secondly, the essay will provide a summary of the selected articles, as well as explaining the reasons for their relevance to Woolworths situation.
Besides, this essay intends to provide critical analysis of the articles, as well as to apply lessons from the selected articles on the firm’ s situation. Selected topics In the essay, the two selected topics in relation to Woolworths’ situation include competing duopolies and competencies for successful retailing. To begin with, the topic regarding competencies for successful retailing has issues well-outline in the article. This article is entitled “ Major Functional Areas of the Banking Industry-Retail Banking” . In this article, some of the issues discussed relate to competencies for successful retailing.
In this case, the article describes the competencies in form of functional areas of the banking industry, and that each of these functional areas calls for specific competencies or skills among the employees so as to facilitate effective retailing in the banking industry (Education Bureau 2012). Secondly, another selected article concerning competencies for successful retailing is the article. The article is relevant to the topic in that it describes issues concerning executive competency models that an organization ought to use in order so as to succeed in its operations (Thomas, Group & Mole 2002).
The article basically demonstrates that for an organization to prosper; there are certain abilities or attributes that the executive must possess. According to Thomas, Group, and Mole (2002), competencies are normally seen as a solution. Besides, it shows ways in which competency models are essential for successful organizations.
Bianco, DP 2012, Reference for Business; Encyclopedia of Business, 2nd ed. Duopoly. P.1, http://www.referenceforbusiness.com/encyclopedia/Dev-Eco/Duopoly.html
Education Bureau, 2012, Major Functional Areas in Banking Industry-Retail Banking. http://www.hkqf.gov.hk/guie/SCS_list_Banking1.asp Management guide, 2008, Core Competencies - An essential for Organizational Success, http://www.managementstudyguide.com/core-competencies.htm
Management guide, 2008, Core Competencies - An essential for Organizational Success, http://www.managementstudyguide.com/core-competencies.htm
Nishijima, M 2005, Quality and Welfare in Mixed Duopoly: Effects of
Capacity Reduction, Department of Economics and Business Administration, Yokohama
City University, pp. 3-20. http://eba-www.yokohama-cu.ac.jp/~higashida/subdp/dptext-200702.pdf
Prášilová, M, Severová, L & Svoboda, KRS 2010, ‘Duopoly Price Competition on Markets with Agricultural Products’, Business Journal, vol. 28, no. 4, pp. 241-250. http://www.mendelu.cz/dok_server/slozka.pl?id=51329;download=79958
Thomas, K, Group, H & Mole, G 2002, Executive Competency Models: Do They Really Add Value? Monitoring World Class Executive Development, http://www.iedp.com/Executive_Competency_Models