To identify a firm's resources and capabilities,it is useful:
A)To first identify the key success factors within the firm's industry then identify the resources and capabilities needed to satisfy these success factors.
B)Identify the firm's value chain,then identify the main resources and capabilities at each stage of the value chain.
C)Both (a)and (b).
D)Classify resources into tangible,intangible and human.

Question

Quizplus · Accepted Answer

Both (a) and (b) are useful approaches to identify a firm's resources and capabilities. By identifying the key success factors within the firm's industry, the firm can determine the resources and capabilities needed to achieve these factors. Meanwhile, identifying the firm's value chain helps identify the resources and capabilities needed at each stage of the value chain. By combining these approaches, the firm can have a comprehensive understanding of its resources and capabilities. Classifying resources into tangible, intangible, and human is also a useful approach but is not as comprehensive as the other two approaches.

To Identify a Firm's Resources and Capabilities,it Is Useful