Hii,
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?
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.
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