Investing in people and business performance - Theory
7 important questions on Investing in people and business performance - Theory
What does the resource based view of Barney entail?
What is meant with the social exchange theory?
What is meant with SWOT in the resource based theory?
- Positive organizational characteristics = strength (location)
- Negative organizational characteristics = Weakness (slow response time)
- Positive characteristics environment = opportunities
- Negative characteristics environment = threat (competition)
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What is a critic to the SWOT analysis
What can be said about the core competent movement?
What are the 3 types of resources according to Barney:
- Physical capital: tangible assets you can count, replace. Think of financial resources, technology, property
- Organizational capital: intangible resources such as policy, values, traditions > making up systems to explain how work is done.
2a. Structural organizational capital: Culture, routine, processes developed in organization -> written down and communicated
2b. Social organizational capital: internal and external relationships - Human capital: all KSA in people in an organization
To what must a resource lead to be seen as valuable
- COst efficiency
- Better quality of service/product
- More innovation
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