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?
- 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?
- 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?
- 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?
- 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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