A resource is considered valuable if it can be utilized to exploit an external opportunity or neutralize a potential threat. A resource is considered rare when there are few competitors in the industry that possess it. Thus, a resource that is valuable and rare has the potential to be a competitive advantage. However, environmental turbulence may make a competitive advantage transitory as competitors respond...To be considered a core competence, a resource must also be costly for competitors to imitate...And finally, an assessment of organizational capabilities must be made to determine whether the firm has the capabilities to support the exploitation of resources that are valuable, rare, and costly to imitate in order to create a core competence on which to build the firm's competitive strategy. Which of your personal resources and capabilities rise to the level of core competencies as they relate to your career (which is Human Resources)? What makes them valuable? What makes them rare? What makes them costly for competitors to imitate? What unique capabilities do you have to make use of these resources?
A resource is considered valuable if it can be utilized to exploit an external opportunity or neutralize a potential threat. A resource is considered rare when there are few competitors in the industry that possess it. Thus, a resource that is valuable and rare has the potential to be a competitive advantage. However, environmental turbulence may make a competitive advantage transitory as competitors respond...To be considered a core competence, a resource must also be costly for competitors to imitate...And finally, an assessment of organizational capabilities must be made to determine whether the firm has the capabilities to support the exploitation of resources that are valuable, rare, and costly to imitate in order to create a core competence on which to build the firm's competitive strategy.
Which of your personal resources and capabilities rise to the level of core competencies as they relate to your career (which is Human Resources)?
What makes them valuable?
What makes them rare?
What makes them costly for competitors to imitate?
What unique capabilities do you have to make use of these resources?
Trending now
This is a popular solution!
Step by step
Solved in 7 steps
