which of the following statements about a company s resources and capabilities is false This is a topic that many people are looking for. star-trek-voyager.net is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, star-trek-voyager.net would like to introduce to you Resources and Capabilities. Following along are instructions in the video below:
“Company s business model and strategy must be well matched to its collection of resources resources and capabilities. A resource is a competitive asset that s owned or controlled by company and a capability is the capacity of a company to completely perform. Some internal activity capability is are developed and enabled through the deployment of company resources long term competitive advantage requires the ongoing development and expansion of resources and capabilities to pursue emerging market opportunities and defend against future threats to its market standing and profitability organizational capabilities are developed and enabled through the deployment of a company s resources or some combination of its resources. Some capabilities.
Rely heavily on a company s intangible resources. Such as human assets and intellectual capital. What is most telling about a company s aggregation of resources and capabilities is how powerful they are in the marketplace..
The competitive power of a resource or capability is measured by how many of the four tests for sustainable competitive advantage. It can pass the tests are often referred to as the rinne tests for sustainable competitive advantage. An acronym for valuable rare imitatable and non substitutable. The first two tests determine whether the resource or capability may contribute to the competitive advantage.
The last two determined the degree to which the competitive advantage potential can be sustained is the resource or capability a competitively valuable all companies possess a collection of resources and capabilities. Some have the potential to contribute to competitive advantage. While others do not is the resource or capability..
Rare or is it something that rivals. Lack resources and capabilities. That are common among firms. And widely available cannot be the source of competitive advantage is the resource or capability.
Imitatable or hard to copy the more difficult and the more expensive. It is to imitate a company s resource or capability the more likely that it can also provide a sustainable competitive advantage and finally is the resource or capability non substitutable or is it vulnerable to the threat of substitution from different types of resources and capabilities resources that are competitively valuable rare and costly to imitate may lose much of their ability to offer competitive advantage. If rivals possess equivalent substitute resources..
If management determines that the company doesn t possess a resource. That independently passes all four tests with high marks. It may have a bundle of resources that can pass all of the tests resources and capabilities must be continually strengthened and nurtured to sustain their competitive power. And at times.
They may need to be broadened and deepened to allow the company to position itself to pursue emerging market opportunities organizational resources and capabilities that grow stale can impair competitiveness unless they re refreshed modified or even phased out and replaced in response to ongoing market. Changes and shifts in the company strategy in addition disruptive environmental change may destroy values of key strategic assets. Turning static resources and capabilities from diamonds to rust management s organizational building challenge has two elements attending to ongoing recalibration of existing capabilities and resources and to casting a watchful eye for opportunities to develop totally new capabilities for delivering better customer value and out competing rivals companies that know the importance of recalibrating and upgrading resources and capabilities..
Make. It routine management functions to build new resource configurations and capabilities. A company requires a dynamically evolving portfolio of resources and capabilities in order to sustain its competitiveness and position itself to pursue future market opportunities capability is the ability to modify deepen or reconfigure. The company s existing resources and capabilities in response to its changing environment or market opportunities music you ” .
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