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What is the difference between resources and capabilities and why do you need both?
A firms resources identifies its capabilities. Resources are the productive assets owned by the firm and capabilities speak to what the firm can do with those resources. Why the firm needs them? Without resources the the firms capabilities are limited.
The unique combination of resources experiences and expertise within a particular firm is called what?
The unique combination of resources, experiences, and expertise within a particular firm is called
What is the difference between internal and external growth for a firm?
Internal growth, or organic growth, refers to growth strategies where a firm uses its own resources. External growth involves a firm using or accessing the resources of another firm to grow. Examples of external growth strategies include joint ventures, strategic alliances and acquisitions.
What factors a financial manager consider while estimating working capital requirements of a firm?
There are many factors that a financial manager will consider while estimating working capital requirements of a firm. The main factors will include the availability of resources and the returns it will bring to the firm.
What is the meaning of the term business by design?
The meaning of the term business by design is Conceptual blueprint of a firm, it shows interrelationships between the firm's major processes and main resources required in achieving its objectives and in providing value to its customers.
Discussing theVarious ways by which a firm can source for its resources?
A firm resources can be sourced in various ways
What is the difference between resources and capabilities and why do you need both?
A firms resources identifies its capabilities. Resources are the productive assets owned by the firm and capabilities speak to what the firm can do with those resources. Why the firm needs them? Without resources the the firms capabilities are limited.
How a firm's human resources influence organizational performance?
explain how a firm's human resources influence its performance
The unique combination of resources experiences and expertise within a particular firm is called what?
The unique combination of resources, experiences, and expertise within a particular firm is called
A firm's opportunity costs of using resources provided by the firm's owners are called what?
equity financing
Can the rational decision making model in a large firm be irrational in a small firm in a developing countries?
Yes, a large firm's resources would differ from those of a small firm in a developing country.
What is managerial capacity?
ability of management to manage effictively productive resources of firm
Cash expenditures a firm makes to pay for resources are called?
Explicit costs
When are resource and competencies valuable for a firm?
Resources are valuable for a firm because those are needed in order for production to occur. Competencies are necessary because a firm needs to be knowledgeable and competent in their business practices.
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
Is it profitable for a firm to continue employing additional resources as long as?
Marginal revenue product = marginal cost
What is free cash flows?
Cash resources available for the owners of a firm are known as free cash flows.
