Explain Core Concept of important complements of resources

Question

Explain the Core Concept of important complements of resources.

Answer 1

Taken together, a company’s strengths determine the balance of competitively important resources with which it fights a company’s resource strengths represent competitive assets.

CORE CONCEPT: A company is better located to succeed if it has a competitively important complement of the resources at its command.

The caliber of a firm’s competitive capabilities and resource strengths, along with its capability to mobilize them in the pursuit of competitive benefit, are big determinants of how well a company will execute in the marketplace.