The question of value

4 important questions on The question of value

How can resources influence a firm's performance regarding external opportunities and threats?

Resources affect firm performance through:
  • Enabling exploitation of external opportunities
  • Neutralizing external threats
  • Impact on revenues and costs
  • Comparison with scenarios lacking resource utilization

What does a 'yes' response indicate about a firm's resources?

A 'yes' response suggests that:
  • Resources and capabilities are available
  • They are effectively used to exploit opportunities
  • They neutralize threats
  • Resulting in increased net revenues or decreased costs

What is the value chain and its significance to a firm's resources?

The value chain consists of:
  • Business activities for developing products or services
  • Choices firms make about activities
  • Impact on different sets of resources
  • Recognizing potential sources of competitive advantage
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How can firms determine the value of their resources?

Determining resource value involves:
  • Tracking impact on revenues and costs
  • Comparing with scenarios lacking resource use
  • Analyzing financial, physical, individual, and organizational resource effects
  • Recognizing competitive advantages

The question on the page originate from the summary of the following study material:

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