Core Resources - Competitive Strategy - Lecture Slides, Slides of Strategic Management

Core Resources, Competitive Advantage, Types of Resources, Tangible, Intangible, Tangible Resources, Financial Resources, Physical Resources, Technological Resources, Intangible Resources are some points from Competitive Strategy lecture.

Typology: Slides

2011/2012

Uploaded on 12/20/2012

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Core Resources
A Corporation owns a collection of resources
Collected within each segment
Collected within corporate headquarters
Resources are the substance on which value
activities are based.
Core resources are those resources
That make core activities possible
Whose absence would lead to lessened performance
Create a competitive advantage for the corporation
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Core Resources

• A Corporation owns a collection of resources

  • Collected within each segment
  • Collected within corporate headquarters

• Resources are the substance on which value

activities are based.

• Core resources are those resources

• That make core activities possible

  • Whose absence would lead to lessened performance
  • Create a competitive advantage for the corporation

Types of Resources

• Tangible Measurability

• Financial

• Physical

• Technological

• Intangible

• Human

• Social

Intangible Resources (examples)

• Human

  • Experience
  • Education and creativity
  • Skills and capabilities

• Social

  • Reputation
  • Trust
  • Organization culture

What makes a resource a Core Resource?

Is the resource…

Valuable

Rare

Difficult to imitate

Difficult to substitute

Implications

  • Its absence leads to lessened performance
  • Not many firms possess
  • Physically unique
  • Resulted from unique events
  • Unclear as to its cause
  • Requires complex relationships
  • No equivalent strategic resources or capabilities