Question

How are resources and competencies related? How do resources and competencies impact strategic planning? Provide in-text citation from your textbook.

Answer 1

Resources:

• Physical resources- number of machines, buildings, or the production vapacapa of organisation.
• Financial resources- such as capital, cash, debtors, and crefitocr.
• Human resources- including the number and mix of people indiaI organisation.
• Intellectual capital- including patents , brands, business systems and customer databases.

Competences:

• Threshold competence.
• Core competence.

Through the resources the organisation effectively providing activities.

Strategic planning:

The strategic planning is a great way to learn how to take your implementation to the next level.

Base implementation plan:

• Finalize your strategic plan after obtaining input form all invested parties.
• Produce various versions of your plan for each group.
• Establish your performance management and reward system.
• Setup monthly strategic meetings with established.
• Reporting to monitor the progress.