Corporate strategy Essay Example | Topics and Well Written Essays - 2250 words - 2

Corporate outline - Essay prototypeUnderstanding PwC Strategic Resources Tallman (2009) argues that resources and capabilities argon the sources of internal strengths and weaknesses for a firm because its profitability, growth, and success largely depend upon quaint strategical resources that it possesses. Thus, strategic resources withdraw to be unique to create competitive emolument over competition. Moreover, strategic resources play a much vital use in the success or failure of the organization, curiously when the organization is a services company. Organizations capabilities such as managerial abilities, learning proficiencies, steady delivery and ability to find proper solutions to the issues are some of the factors that play a key role in formulating strategic choices. PwC is purely a services company active in the numerous field such as audit and assurance that include internal audit, financial statement audit, corporate reporting, IFRS reporting, peril assurance, a ctuarial insurance, capital markets, corporate treasury solution consultation services that include services in finance, operations, technology, risk, people and change deals that include mergers and acquisition tax, corporate finance, business recovery services, transaction services, valuation and strategy family business services and human resource services that include talent management, human capital step & benchmarking, social security, and many more. A vast human talent pool that PwC has developed over the age is a major driving force in growth of the organization and making the organization sensation of the most coveted auditing and consulting firm in the world (PwC, 2013). Tackling Todays Challenges A cleverness Perspective Ever since the supposition of globalisation has made rapid strides the firms admit been facing an increasing challenge to build competitive advantage in the market place. Under the changed scenarios, the firms have been compelled to make strategic collaborations or partnerships mergers or acquisition to raise synergy in their operations and reduce their overall costs. In the most dynamic and ever-changing world, organisations need to show enough resilience and adjust to the new situations quickly. Tallman (2009) emphasises that dynamic capabilities of the firm help resolve appear issues more effectively. PwC is an auditing cum consulting services firm of a long standing. Overtime, the company has acquired numerous capabilities and strategic concepts that have put the company into the forefront in the global audit and consulting business worldwide. The key strength of PwC is a capacity to tackle todays challenges based on depth and breadth of its capabilities. The company serves to the largest of the multinational corporations to small and medium-sized enterprises. The companys clients are from the different geographical areas working in their own business environment to meet their objectives. It would be interest to explore how PwC has been successfully accomplishing various tasks through the following example. Enterprise Architecture A True Capability Assessment In 2012, International Data Corporation (IDC), a market research firm, conducted vendor estimate of the enterprise architecture (EA) practices of large consulting firms. The assessment took into consideration qualitative and quantitative aspects of the services provided based on certain assigned criteria. IDC analysts framed standard