BU481 Chapter 6: Chapter 6 Notes.docx
Document Summary
Three important points need to be made about the nature of resources as they relate to strategic choice. The first is that the adequacy of a resource is relative to the demands of your strategic proposal. A second noteworthy characteristic is that certain resources are more or less easy to augment or to adapt to meet the requirements of a proposal. If plant capacity is an issue, for example, it may be fairly simple to reallocate it, or to expand as necessary through investment. But if critical workforce skills are the issue, it may take substantial time to hire and train the needed people and in some circumstances this may not be a practical possibility at all. Thus, as your analysis proceeds and you perceive gaps, you will have to be sensitive to the particular issues of expanding the specific resource to meet the strategic needs.
