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ValuableResources are valuable if they allow the Tim Hortons to enhance its efficiency and effectiveness through facilitating strategy implementation and realization. Moreover, resources are also

ValuableResources are valuable if they allow the Tim Hortons to enhance its efficiency and effectiveness through facilitating strategy implementation and realization. Moreover, resources are also valuable if they allow the Tim Hortons to successfully manage the threats it is exposed to, and capitalize on different opportunities through helping build internal strengths, and manage weaknesses appropriately (Lasserre,2017). Some examples of valuable resources for Tim Hortons include the following:Strong global presenceThe Tim Hortons has a presence across various international locations and countries. The Tim Hortons has expanded its manufacturing operations across different countries in Asia and Europe. The Tim Hortons uses these manufacturing sites as central supply locations and hubs for different regions as well (Abratt & Bendixen, 2018).Branch networkThe Tim Hortons has a strong branch and store network across different regions in various international locations including the UK, USA, China, and Australia, and across Europe. The Tim Hortons has developed its store network in locations that offer the company high visibility, and promise a high customer footfall (Baines, Fill, & Rosengren, 2017).Supply chain managementOwing to the global presence, and international operations, the Tim Hortons also has an internally managed supply chain network. The supply chain network ensures consistently high quality, and timely manufacture and delivery of the products offered by the Tim Hortons to retailers, distributors, as well as end consumers (Chernev,2018).Risk managementThe Tim Hortons has developed an internal means and system for identifying, managing, and mitigating environmental risks and threats. These risks include fluctuation in prices of raw materials, as well as political instability in regions where it operates. The internal risk management system for Tim Hortons comprises of continuous observation of the environment, and development of proactive strategies, as well as training of its personnel for responding to the same (Deepak & Jeyakumar, 2019).Technological advancementThe Tim Hortons makes use of technological advancement for achieving economies of scale. The presence across various global locations has allowed the Tim Hortons to develop a seamless technological infrastructure for knowledge sharing. Tim Hortons is also able to implement processes of improvement internally (Iacobucci,2021).
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