BU481 Chapter Notes - Chapter 6: Human Resources, Value Chain
Document Summary
Chapter #6: resource analysis the strategy- resource linkage. [1950s] distinctive competencies the core activities that a business can. [1970s] core skills the collective skills accumulated by a management or. [1990s] core competencies skills possessed by corporations that underlie. Social complexity: organizationally bound organized to exploit resources. Rbv model (from article: test of inimitability. Physical uniqueness patent, location, mineral rights, land. Value chain (who makes the profit) example airline industry. How much time does the resource have: test of durability, test of appropriability, test of substitutability. Can another resource trump it: test of competitive superiority. Crbv culturally informed rbv in which the firm is housed: resources cannot be understood independently of the social context. Dual role of resources proposal that otherwise make sense in light of the opportunities and. Inadequate resources may prevent you from implementing strategic challenges in your firm"s external environment.
