Question

Before establishing and implementing strategy, a resources view would ensure that which of the following resources are available? (a) financial (b) physical (c) human (d) technological (e) all of the above

Answer 1

Answer: All of the above

Explanation:

The resource-based view (RBV) is a framework used by organizations to know the important resources a firm can utilize to achieve long-lasting competitive advantage.

Through the resources view, managers focus their attention on the internal resources of a firm to recognize the assets, competencies and capabilities with the possibility of delivering higher competitive advantages.

The resource view is based on the efficient and effective utilization of resources that can help organizations

achieve comparative advantage over other organizations. Before implementing a strategy, it is important for the resource view to make sure that the physical, human, technological and financial resources are readily available.