BUS3 189 Chapter Notes - Chapter 4: Human Resources, Information System, Pest Analysis
Document Summary
Ch. 4 internal analysis: resources, capabilities, and core competencies. Unique strengths, embedded deep within a firm. Critical to gaining and sustaining comp. advantage. Sees that resources are keys to a superiors firm performance. Intangible resources have physical attributes and are visible have no physical attributes and thus are invisible. Assumption in the resource-based view that a firm is a. Isolating mechanisms bundle of resources and capabilities that differ across firms the insight that resources tend to be sticky and don"t move easily from firm to firm. Organized to capture the value of the resource. A resource is valuable if it helps a firm exploit an external opportunity or offset an external threat. When only 1 or a few firms possess the resource. It"s rare when the # of firms that possess it is less than the number of firms it would require to reach a state of perfect competition.
