Analysing Resources and Capabilities Flashcards
1
Q
What is the resource-based view?
A
Firm is a collection of resources and capabilities that form the basis of competitive advantage and strategy
2
Q
What are resources?
A
Assets of the firm, in which can be tangible or intangible
3
Q
What are capabilities?
A
Firms capacity to perform a task or function
4
Q
Draw the framework for Appraising Resources and Capabilities.
A
5
Q
What is the process for analysing resources and capabilities?
A
Identify Resources and Capabilities –> Appraise them on basis of relative strength and strategic importance –> Develop Strategy Implications
