What are the differences between tangible and intangible resources? Why is it important for decision makers to understand these differences? Are tangible resources more valuable for creating capabilities than are intangible resources, or is the reverse true? Why? (
Answer to relevant QuestionsWhat are capabilities? How do firms create capabilities? What are core rigidities? What does it mean to say that each core competence could become a core rigidity? What are the differences among the cost leadership, differentiation, focused cost leadership, focused differentiation, and integrated cost leadership/differentiation business-level strategies? What is market commonality? What is resource similarity? What does it mean to say that these concepts are the building blocks for a competitor analysis? What strategic actions may occur as a result of your answer to question #4?
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