Wednesday, November 27, 2013

Chapter 4:Evaluating a Company’s Resources, Capabilities and Competitiveness.

Now, let’s we going on to the topic 4 which is explained on Evaluating a Company’s Resources, Capabilities and Competitiveness.  What is actually all this words meaning?Do you know my friends?

Resources: source or supply from which benefit is produced. Typically resources are materials, money, services, staff, or other assets that are transformed to produce benefit and in the process may be consumed or made unavailable.

Capabilities: Business capability is the expression or the articulation of the capacity, materials and expertise an organization needs in order to perform core functions.

Competitive: having a strong desire to compete or to succeed.

Only firms who are able to continually build new strategic asssets faster and cheaper than their competitors will earn superior returns over the long term – C.C. Markides and P.J.Williamson

On this chapter, I also learned on hot to assess how well a company’s strategy is working.Besides that, I’m also understand why a company’s resources and capabilities are central to its strategic approach and how to evaluate their potential for giving the company a competitive edge over rivals.

I think that’s all for today. Till meet you again on my next post. See you next topic.

No comments:

Post a Comment