Question
A companys competitive approach requires a tight fit with a companys internal situation and is strengthened when it exploits resources that are competitively valuable, rare,
A companys competitive approach requires a tight fit with a companys internal situation and is strengthened when it exploits resources that are competitively valuable, rare, hard to copy, and not easily trumped by rivals equivalent substitute resources. Many companies pursue resource-based strategies that attempt to exploit company resources in a manner that offers value to customers in ways rivals are unable to match. A companys resources are competitive assets that are owned or controlled by the company and can either be tangible resources such as plants and distribution or intangible assets such as a well-known brand or a results-oriented organizational culture. Below are common types of tangible and intangible resources:
Tangible
Physical Recources
Financial Resources
Technological Resources
Organizational Resources
Intangible
Human Assets and Intellectural Capital
Brand Image and Reputational Assets
Relationships
Company Culture
Assignment Instructions
1-Choose a company and identifying it's competitively important resources (tangible and/or intangible). Please explain why you chose each resource.
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