This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here! Show
Part 1: Part 2: Part 3: https://brainmass.com/business/strategy-and-business-analysis/competitive-dynamics-business-level-strategy-internal-organization-587836 Solution PreviewPart 1 2. What is value? Why is it critical for the firm to create value? How does it do so? 3. 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? 4. What are capabilities? How do firms create capabilities? 5. What four criteria must capabilities satisfy for them to become core competencies? Why is it important for firms to use these criteria to evaluate their capabilities value-creating potential? 6. What is value chain analysis? What does the firm ... Solution Summary2124 words answer multiple questions on and relating to these topics. ADVERTISEMENTWhy is it important to understand the difference between tangible and intangible resources?The purpose of defining any asset as tangible or intangible is to drive proper business decisions, ascertain the value of a company and allow the business owners to maximize the benefits inherent in owning the asset. A tangible asset's value reduces gradually as it is used.
What are the differences between tangible and intangible resources?Tangible assets are typically physical assets or property owned by a company, such as computer equipment. Tangible assets are the main type of assets that companies use to produce their product and service. Intangible assets don't physically exist, yet they have a monetary value since they represent potential revenue.
Which of the two tangible or intangible are linked more closely to the creation of competitive advantage and why?a) In the given question, Intangible Assets are most likely sources of sustainable competitive advantage.
Why is the tangible important?Significance. Tangible assets are important to businesses because they represent much of the company's worth. When a company can show this worth with good documentation, the assets can serve as collateral for loans and make it easier for companies to get the financing they need to continue operations.
|