Resource Analysis, and how to carry one out is this weeks topic. Let me show you how to do a resource analysis for your business?
Firstly, Resource Analysis is the process of identifying and evaluating all the resources that are available to achieve an objective.
Secondly, Resources include anything that can help or hinder your organisation meeting its objectives. For instance, resources include people, equipment, time, and money. The strategic capability of your business is determined by having adequate and suitable resources and competences. For competencies, think capabilities. Furthermore, resources and competencies are needed so your business can survive and prosper.
Above all Resource Analysis helps your business bridge the gap. This is the gap between having valuable resources and using them constructively and efficiently.
Most importantly a resource analysis helps you understand what resources are important for your business’ success. Moreover, it will give you insight into which areas need improvement or further investment.
Furthermore, managers can see if they have sufficient resources before making any major decisions or investments in new projects. You might even find out that there are some things that don’t really matter anymore!
This can be illustrated by the following table
| Resources | Competencies | |
|---|---|---|
| Threshold capabilities | Threshold resources | Threshold Competencies |
| * Tangible | ||
| * Intangible | ||
| Capabilities for competitive advantage | Unique resources | Core competencies |
| * Tangible | ||
| * Intangible |
Listen to find out more.
Conclusion
Moreover, if interested in dealing with Resource Analysis for your business then Listen to find out more. This is all explained is here for you. In addition, you will learn how to categorise resources, and limitations in this approach. This podcast will help.
Listen to find out more.
Above all, my mission is to inform, inspire and educate you to get closer to your numbers. You can make more profits, save tax and time, improve your well-being and your money mindset.
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Links
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