Question

Before establishing and implementing strategy, a resources view would ensure that which of the following resources are available?

1) financial
2) physical
3) human
4) technological
5) all of the above

Answer 1

A resources view before establishing and implementing strategy ensures that all necessary resources are available, including human, technology, physical, financial, and information resources.

Step-by-step explanation:

A resources view before establishing and implementing strategy ensures that all of the following resources are available:

1. Human Resources: These are the people within the organization who contribute their skills, knowledge, and efforts towards achieving the strategic goals. They are essential for carrying out the tasks and activities required for successful strategy implementation.
2. Technology Resources: These include the tools, equipment, and software needed to support and enhance the implementation of strategic initiatives. Technology resources can help streamline processes, improve efficiency, and enable better decision-making.
3. Physical Resources: These encompass the tangible assets that an organization utilizes in its operations, such as land, buildings, machinery, and inventory. Having adequate physical resources is crucial for the organization to execute its strategy effectively.
4. Financial Resources: These refer to the monetary funds available to the organization to support its strategy. Adequate financial resources are necessary for investment, research and development, marketing, and other strategic activities.
5. Information Resources: These include data, knowledge, and information systems that support decision-making and provide insights for strategic planning and execution. Information resources enable the organization to gather, analyze, and utilize relevant information for strategy development and implementation.