TODAY'S AGENDA

[Virtual Presenter] We will be discussing how firms can create new value and enhance growth through the use of their resources and capabilities. We will provide a critical analysis of our relative strength in various areas such as finance technology plant and equipment location distribution and government relations. We will highlight the importance of these areas in creating a competitive environment and developing a blue ocean strategy. Our blue ocean strategy emphasizes the simultaneous pursuit of differentiation and low cost the creation of uncontested market space and the use of value innovation to create strong profitable growth. We will also discuss the importance of buyer value in creating a successful strategy. We will provide a comprehensive analysis of the problems that we face and offer recommendations on how to solve them. Let's get started..

[Audio] We want to emphasize the importance of understanding the concept of Low cost does not mean low price. Firms need to have a clear understanding of their V-R-I-O resources in order to create new value and enhance growth. V-R-I-O resources are the firm's strengths weaknesses opportunities and threats and firms need to have a clear understanding of these resources in order to create new value and enhance growth. Even if a firm has low cost resources it does not necessarily mean that the firm can create low price products that will be profitable..

[Audio] Analysis of different strategies and approaches used by businesses to generate revenue and boost profitability. Discuss how firms create new value and enhance growth in the current business environment..

[Audio] We analyze Volkswagen's strength and resources capabilities by examining the value chain. We examine product development purchasing engineering manufacturing financial management research and development marketing and sales government relations and distribution. By analyzing their strength and resources in each of these areas we aim to provide a better understanding of how firms create new value and enhance growth..

[Audio] We will assess VW's resources and capabilities using the relative strength framework. This will help identify areas where VW can create new value and enhance growth. Relative strength refers to the strengths of a company that are not currently being utilized or are being underutilized. These strengths may be superfluous but they can still be valuable if they are identified and leveraged in the right way. It is important for a company to identify and focus on its key strengths as these are the areas where it has the most to offer. By doing this it can create new value and enhance growth by leveraging its strengths to their fullest potential. However it is also important for a company to be aware of its key weaknesses. These are the areas where it may struggle or need improvement and they should be addressed in order to avoid hindering its growth and success. By understanding its relative strengths and weaknesses a company can make informed decisions about how to allocate its resources and capabilities to create new value and enhance growth..

[Audio] The Blue Ocean Strategy is a critical approach that emphasizes the simultaneous pursuit of differentiation and low cost. This approach allows firms to create uncontested market space where they can charge premium prices and achieve strong growth. To successfully implement this strategy firms must follow a 4-step process: Exploration Reach Beyond Reverse the Direction and Conquer. By breaking away from the competition and creating strong profitable growth firms can achieve buyer value while keeping costs low..

[Audio] Provide complementary products or services to enhance customers experience. By considering all players in value chain create seamless engaging user experience that drives revenue..

[Audio] We will focus on mobile platform owners and the availability of complements as well as the relative degree of open and closed interface. Examples of successful two-sided platform businesses include Microsoft Apple BlackBerry Android and Open. Complementary products and services are crucial for the success of a two-sided platform business. The relative degree of open and closed interface plays a significant role in the success of a two-sided platform business. Open interfaces allow for greater flexibility and innovation while closed interfaces provide greater control and security. Mobile platform owners are especially important in creating value through a wide range of complements such as apps games and services that enhance the user experience..

[Audio] Our analysis of how firms create new value and enhance growth has revealed that firms can leverage their unique strengths and capabilities identify new opportunities and adapt to changing market conditions to create new value and enhance growth. However creating new value and enhancing growth is not without challenges as firms must navigate complex and dynamic environments manage risks and uncertainties and balance innovation with stability and control. Our analysis highlights the importance of strategic thinking and planning in driving growth and creating new value. Firms must be able to develop and implement effective strategies that align with their goals and objectives and that take into account their industry and market strengths and challenges. Thank you for your attention and engagement. We hope that our insights have provided valuable information on how firms can create new value and enhance growth in today’s fast-paced and ever-changing business environment..