Resource-Based Approach: San Miguel Corporation by NI�A NICOLE MANGLICMOT https://padlet.com/22014222/Resource_Based_Approach_SMC In navigating resource-based approach, we dissect the strategies of San Miguel Corporation (SMC). en-us 2021-09-17 05:23:58 UTC 2026-03-24 16:24:46 UTC hello@padlet.com The Resource-Based Approach 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748595731 As Barney (1991) indicates, the fundamental aim of the resource-based strategy is to “develop strategic capability— achieving strategic fit between resources and opportunities, and obtaining added value from the effective deployment of resources”.]]> 2021-09-17 12:58:13 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748595731 How? 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748597299 These are addressed by increasing the firm’s strategic capability by developing managers and other staff whose skills are to be utilized in strategic planning and understanding key strategic issues.]]> 2021-09-17 12:58:48 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748597299 And the foundation? 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748600636 ...that competitive advantage is obtained if a firm can obtain and develop human resources that enable it to learn faster and apply its learning more effectively compared to its rivals.]]> 2021-09-17 13:00:12 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748600636 What is it emphasizing? 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748602877 ...that investment in people adds to their value in the firm.]]> 2021-09-17 13:01:10 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748602877 And what is the goal? 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748604804 To create firms that are more intelligent and flexible by hiring and developing more talented staff, and by extending their skills bases.]]> 2021-09-17 13:02:03 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748604804 Thus... 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748607217 In this strategy, we are concerned with the enhancement of the human or intellectual capital of the firm.]]> 2021-09-17 13:03:08 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748607217 The Conceptual Framework 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748630331 In extension, the Resource-Based View (RBV) is utilized as the conceptual framework for the strategy. ]]> 2021-09-17 13:12:13 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748630331 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748632634 Welnerfelt (1984) postulates that companies with valuable, rare, nonimitable and nonsubstitutable products and services are able to gain a competitive advantage and survive.]]> 2021-09-17 13:13:02 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748632634 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748634496 Further, Ahmad, Bosua, & Scheepers (2014) state that management capabilities, organizational processes, and employee knowledge, skills, and abilities that are unique and not easily duplicated by competitors— a firm’s internal resources— create the firm’s competitive advantage. ]]> 2021-09-17 13:13:47 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748634496 Resource-Based View (RBV) including VRIO 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748671363 In navigating into the resource-based approach, we may also use Jay B. Barney’s VRIO Framework, a resource-focused strategic analysis tool to substantiate the necessity of San Miguel Corporation’s resources to the firm itself. It stands for Value of the resource, Rareness of the resource, Imitation Risk, and Organizational Competence.]]> 2021-09-17 13:26:41 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1748671363 Resource-Based View (RBV) 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749652133 Flowchart for RBV.]]> 2021-09-17 21:34:22 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749652133 SAN MIGUEL CORPORATION (SMC) 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749654291 2021-09-17 21:36:41 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749654291 Tangible Sources 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749658814
  • Land 
  • Materials 
  • Supplies
  • Facilities
  • Infrastructures

    • ]]>     2021-09-17 21:41:52 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749658814     Intangible Sources 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749659811
  • Brand Reputation 
  • Intellectual Property 
  • Patent and Copyright 
  • Goodwill
  • Trade Names
  • Customer Experience
  • Patented Technology and Trade Secrets
  • Marketing Content
  • Customer Lists
  • Licensing, Royalty and Standstill Agreements
  • Import Quotas
  • Franchise Agreements
  • Customer and Supplier Relationships
  • Marketing Rights

    • ]]>     2021-09-17 21:42:56 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749659811     [DISCUSSION] On the firm's tangible and intangible resources 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749757545 These are namely the physical, human and organizational capitals utilized by the firm along with their integrated human resource strategies (which are to be further expanded into the immobility and heterogeneity components). ]]> 2021-09-17 23:50:37 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749757545 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749761101 As SMC is reliant on its resources, they must also be heterogeneous and immobile. ]]> 2021-09-17 23:55:24 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749761101 Heterogeneity 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749766752 ...whereas this component highlights skills and capabilities which include:

    1. human resource activities
    2. training and development
    3. talent and skills 
    ]]>     2021-09-18 00:02:50 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749766752     Immobility 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749767954 ...whereas this component assumes the exclusivity and that resources, most commonly intangible resources, cannot e transferred or replicated by other organizations. ]]> 2021-09-18 00:04:36 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749767954 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749786374 This component assumes the organizational variations between companies in terms of their resources that are based on skills and capabilities. Further, that each firms, then, have varied mix of resources that lead to implementations of different strategic directions and choices that operate against others' under the same competition. ]]> 2021-09-18 00:28:15 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749786374 [DISCUSSION] In context to the SMC 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749793794 Therefore, SMC's strategic decisions and choices will be different from their competitors in consideration of the mix in their resources that will create their competitive advantage in the market. ]]> 2021-09-18 00:37:29 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749793794 1. Current HR Programs and Policies 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749811218 2021-09-18 00:57:04 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749811218 2. Recruitment 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749811948 2021-09-18 00:57:46 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749811948 3. Selection 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749812613 2021-09-18 00:58:35 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749812613 4. Training and Development 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749813411 2021-09-18 00:59:29 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749813411 7. Performance Management 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749813761 2021-09-18 00:59:57 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749813761 8. Compensation 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749814120 2021-09-18 01:00:23 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749814120 5. Rewards and Benefits 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749814497 2021-09-18 01:00:48 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749814497 9. Communication 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749814909 2021-09-18 01:01:16 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749814909 6. Retention 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749815345 2021-09-18 01:01:49 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749815345 Specifically: 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749816265 (Note that these specificities are directly from SMC's official statements of vision, mission, core values and code of ethics via:
    1. https://www.smfb.com.ph/files/reports/SMFB_CodeofBusinessConductandEthics.pdf
    2. https://www.smfb.com.ph/files/reports/SMFB_Manual_on_Corporate_Governance2.pdf
    3. https://www.sanmiguel.com.ph/page/company-policy
    ]]>     2021-09-18 01:02:36 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749816265     22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749838151 The Corporation supports several wellness programs and maintains facilities that take care of the employees’ well being. These include the gymnasium, employee clinic and Management Training Center. The Corporation likewise encourages its individual business units to develop and implement employee wellness programs of their own provided they are consistent with Corporation policies and guidelines.]]> 2021-09-18 01:27:21 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749838151 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749838642 The Corporation recognizes its responsibility to shape and develop the knowledge, skills and attitudes of its human resources in order to contribute to the professional development of its employees and maintain its competitive position.]]> 2021-09-18 01:27:56 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749838642 The Corporation’s training and education philosophy is defined in the following principles: 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749839480
  • Business Contribution Training is anchored on the needs of the business and the impact on the Corporation’s bottom line. Education and training help optimize the productivity and performance of the employees of the Corporation and enable them to contribute to the profitability of the Corporation.
  • Alignment of Needs - The Corporation’s framework creates an environment where the employees have to opportunity to chart their own progress and development so long as these are supportive of the Corporation’s strategic directions.
  • Holistic Development Education and training is holistic and comprehensive in content and approach. The Corporation develops the employee not just on technical or functional expertise but on work support skills and leadership/management. In terms of approach, the Corporation utilized traditional classroom, experiential and mentoring approaches to deliver training.
    • ]]>     2021-09-18 01:28:53 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749839480     22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749850881 The Corporation provides comprehensive health care service directed at prevention of disease protection from health hazards and maintenance of health. Programs are also implemented to identify personal risks to health and to detect diseases in the early and most treatable stages.]]> 2021-09-18 01:41:14 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749850881 Health and Welfare Program 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749851864 This program is being maintained and administered by the Corporation which has its own clinic and accredited third party medical personnel. The plan provides for hospitalization and medical benefits under the plan for qualified employees. The employee may enjoy the benefits under the plan as long as he has accrued sick leave credits. The following are provided: free hospitalization, medical consultation, medicines and medical services.

    Health and Welfare programs for dependents, provided that the dependents are registered with the Corporation. The plan covers hospitalization, dental, diagnostic procedures, and out patient services. The employee and the Corporation share on a 50-50 basis the insurance premiums. The plan will answer for the room and board, doctors’ fees, surgical fees and miscellaneous expenses of eligible dependents, outpatient benefits, subject to certain limits.    ]]>     2021-09-18 01:42:18 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749851864     22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749853399 SMC strong social responsibility commitment contributes to better employee retention, resulting to a considerable reduction in turnover and training cost. Employees normally remain working with the corporation because of their feeling that SMC cares. Employee programs that help reduce absenteeism actually save the Corporation money as they encourage increased in productivity. On the home font, programs that address employee welfare instill a sense of pride in the people for being part of SMC.]]> 2021-09-18 01:44:03 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749853399 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749859301 Incorporating this framework into the workings of SMC:]]> 2021-09-18 01:50:18 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749859301 Ligtas Lahat: SMC pushes to protect its employees nationwide from COVID-19 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749880132 2021-09-18 02:12:34 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749880132 The San Miguel Corporation Deserves Our Praise 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749882909 2021-09-18 02:15:32 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749882909 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749884383 This video showcased SMC's compensation for their employees during the pandemic, along with their donations for varied supported communities as well as the made donations for the frontliners. ]]> 2021-09-18 02:17:09 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749884383 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749895501 Directors and key officers of the Corporation, including the Corporate Secretary and Compliance Officer, shall also be required to undergo annual training and continuing education programs to further their knowledge and assist in their development. The program should aim to promote effective Board performance and the continuing qualification of directors in carrying out their duties and responsibilities. The annual continuing training program is intended to ensure that all directors are continuously informed of the developments in the business and regulatory environments, including emerging risks applicable to the Corporation. The training should involve courses on corporate governance matters relevant to the Corporation, including audit, internal controls, risk management, sustainability and strategy. ]]> 2021-09-18 02:29:39 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749895501 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749898634 The Board of Directors shall regularly carry out evaluations to appraise its performance as a body, and assess whether it possesses the right mix of backgrounds and competencies. ]]> 2021-09-18 02:33:26 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749898634 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749899917 The Board of Directors shall conduct an annual self‐assessment of its performance, including the performance of the Chairman, the President, individual members of the Board and Board committees. Every three (3) years, the assessment shall be supported by an external facilitator. ]]> 2021-09-18 02:34:57 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749899917 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749904776 The Compliance Officer shall establish an evaluation system to determine and measure compliance with this CG Manual. ]]> 2021-09-18 02:40:09 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749904776 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749905293 The establishment of such evaluation system, including the features thereof, shall be disclosed in the Corporation’s annual report or in such form of report that is applicable to the Corporation. The adoption of such performance evaluation system must be covered by a Board approval. ]]> 2021-09-18 02:40:40 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749905293 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749915870  The Corporation shall establish policies, programs and procedures for employees covering, among others, the following: (a) health, safety and welfare; (b) training and development; and (c) reward and compensation for employees, to encourage employees to perform better and motivate them to take a more dynamic role in the Corporation. ]]> 2021-09-18 02:52:13 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749915870 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749947132 One of the guiding principles of SMC is meritocracy and passion for success, whereas they recognize and reward individuals and organizations on the basis of performance and results as a mechanism to drive precision in execution and competitiveness. ]]> 2021-09-18 03:23:25 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749947132 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749960926 One of the guiding principles of SMC is respect for people, authority and property, where it commits to uplift the dignity of labor by encouraging each other to be the best in their fields. ]]> 2021-09-18 03:39:41 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749960926 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749963185 One of the guiding principles of SMC is respect for people, authority and property, where it safeguards and maintain the confidentiality of knowledge or proprietary information on the Company’s products, formulations, trade secrets, business strategies, technologies, processes and systems. ]]> 2021-09-18 03:42:26 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749963185 [DISCUSSION] On the firm's heterogeneity and the focus on managing human resource 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749990600 SMC utilizes resource-based strategy through, specifically:
    1. Current HR programs and policies
    2. Training and Development
    3. Rewards and Benefits
    4. Retention
    5. Performance Management
    6. Compensation
    ...which are mechanisms that ensure employees' motivation, competence and development as a part of the company's main strategy to creating a competitive advantage. We would also have to recognize that managing and effective deploying of resources include providing the employees with rewards, benefits and compensation.
    ]]>     2021-09-18 04:14:58 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1749990600     [DISCUSSION] In focus 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1750021376 The specified mechanisms are specific to the foundation of the resource-based strategy, whereas the workforce is recognized as the prime driver of the company. For the SMC, this is integral as first, it is a corporation consisting of a big workforce at roughly 66,000 workers in the country which inherently require efficient management; and second, it is a manufacturing company that closely requires employee retention, productivity and competency to keep the operations at optimal and that the knowledge to operating these production practices and the skill base that are necessitated for these are maintained and simultaneously updated and developed. Thus, the allocation of the listed resources, from the physical capital down to the organizational capital, should ultimately lead to the crafting and sustaining the company's competitive advantage. 

    In a nutshell, the long-standing reputation of SMC for more than a century can be attributed to the sustainability (both of the internal affairs and, consequently, the competitive market) built upon this strategy. ]]>     2021-09-18 04:59:08 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1750021376     [DISCUSSION] Going back to Barney's postulated fundamental aim of the approach... 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1750082629 ...we also recognize that one of SMC's objectives include identifying and pursuing synergies across their businesses through vertical integration, platform matching and channel management.

    As it is a corporation that is a conglomerate of mostly manufacturing companies, they would have to integrate their strategies in handling their physical capital with their human and organizational capital, which highlight their aim of creating a strategic fit along with their effective deployment of [mostly, human] resources.

    ]]>     2021-09-18 06:55:48 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1750082629     REFERENCES 22014222 https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1750106102 Company's Policies. San Miguel Corporation. (n.d.). Retrieved September 18, 2021, from https://www.sanmiguel.com.ph/page/company-policy.
     
    Innovative and Inclusive Systems. San Miguel Corporation. (n.d.). Retrieved September 18, 2021, from https://www.sanmiguel.com.ph/stories/innovative-and-inclusive-systems. 

    Using the Resource-based view strategy for a competitive advantage. Resources Library. (2021, June 11). Retrieved September 18, 2021, from https://www.saviom.com/blog/using-the-resource-based-view-strategy-for-competitive-advantage/. 

    Vasquez, C. T. (2019, October). (dissertation). Small Business Restaurant Owners' Financing Strategies for Sustainability. Walden University. Retrieved September 18, 2021, from https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=8846&context=dissertations. 
    ]]>     2021-09-18 07:31:46 UTC https://padlet.com/22014222/Resource_Based_Approach_SMC/wish/1750106102