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Stonehouse et al. (2004)Management > Global Strategic Management > Lectures > Independent Research > Stonehouse et al. > The Drivers > Resource-based approach > The Resources
The ResourcesOrganisation itself - resources, competences, capabilities, knowledge, value-adding activities Industry - measures over time: skills of firms in the industry, technologies used, number of competitors ease of entry/exit, strategic groupings Product markets - where businesses sell their products, market analysis in terms of: number of businesses the market and relative market shares, number of customers and purchasing power, segments and profitability, customer needs/motivations, access to distribution channels Resource markets - businesses operate in a number of markets to gain finance, HR, materials etc. Resource requires analysis in terms of: resources required, number/size of suppliers, competences of suppliers, potential for collaboration with resource suppliers, access by competition to suppliers Competing industries - analysis for: substitutability of products, key competences of the businesses in an industry, number and size of businesses in an industry
Critical Success Factors (CSFs)CSFs are necessary for the success of a firm, as they dictate the skills needed to survive. They are determined by the competitive environment, customer demands and actions of competitors.
Global and Transnational strategy Strategies - Generic/Competitive positioning
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