Problem:
In order to fully prepare the presentation, strategic resources are necessary to obtain before starting your social networking Web site. A memo is necessary to outline the key resources and explaine their linkage to competitiveness.
Prepare a memo outlining the key resources of a social networking Web site (Facebook). In the memo, you must also explain how the key resources are linked to competitiveness. Additionally, you must address the following in your memo:
1. Discuss the role of resources and capabilities in strategy formulation.
2. Research and discuss the key resources of a social networking Web site.
3. Explain how the key resources are linked to competitiveness.
4. Discuss the steps associated with putting resources and capabilities to work.
5. Research one other social networking Web site or company, and explain its key resources.
6. Explain to the vice president what strategy recommendations the company should offer before implementing the social networking Web site.
Minimum word count required: 1,000