Short Answer Review Questions 1. How are tangible resources used in business? 2. How do ordinary resources impact the competitive advantage of a business? 3. What are the ways that extraordinary resources can create value for a business? 4. Explain which resources should be processed through the lens of resource-based analysis. 5. How is the VRIST framework used to the advantage of a business? 6. Ordinary resources must meet what criteria for the organization to be successful? 7. Broadly defined, what are the types of resources that may be employed by a business? 8. What is your conclusion about a resource/capability that meets all five criteria in the VRIST framework?

Short Answer Review Questions 1. How are tangible resources used in business? 2. How do ordinary resources impact the competitive advantage of a business? 3. What are the ways that extraordinary resources can create value for a business? 4. Explain which resources should be processed through the lens of resource-based analysis. 5. How is the VRIST framework used to the advantage of a business? 6. Ordinary resources must meet what criteria for the organization to be successful? 7. Broadly defined, what are the types of resources that may be employed by a business? 8. What is your conclusion about a resource/capability that meets all five criteria in the VRIST framework