Module 2 Part B study-notes guide-1 (1)

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Hazara University, Dodhial, Mansehra *

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STRATEGIC

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Business

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Nov 24, 2024

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Review/Notes Guide for Module 2 Part B. Make notes to answer these questions to help you structure your study of the Reading on Resources and Capabilities 1. What is do we call a firm’s most valuable strengths? 2. How are strategic assets different from assets more generally? 3. What are resources, what are capabilities, and how can you distinguish between the two? 4. Why is it important to analyze a firm’s resources and capabilities? 5. How do resources and capabilities relate to firm performance? 6. Are outcomes such as “leading market share” and “high customer loyalty” resources or capabilities? Why or why not? 7. What are the defining aspects of a capability? 8. What is the suggested way to word a description of a capability? 9. What should you have after completing the first step of the process for identifying a firm’s sources of competitive advantage? 10. Why is it so important to understand which resources and capabilities have the greatest strategic value? 11. In most cases, how many strategically valuable assets of a firm should you be able to identify in step 1? 12. How does the application of Resource-Based Theory (RBT) provide you, as a strategic analyst, more information than using the SWOT framework? 13. What are the criteria from the RBT that are useful for evaluating and prioritizing the value of a firm’s resources and capabilities?

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