Resource Analysis for your business is this weeks blog and video. You need resources for business growth and success. Furthermore it’s important to see if the current set of supplies will help or hurt your business.
Resource analysis helps your business bridge a gap. That gap is between having valuable resources and using them constructively and efficiently.
Your strategic capability is determined how adequate and suitable your resources and competences are. Furthermore, it will help you survive and prosper. To clarify, the table below summarises this
| Resources | Competencies | |
|---|---|---|
| Threshold capabilities | Threshold resources | Threshold Competencies |
| * Tangible | ||
| * Intangible | ||
| Capabilities for competitive advantage | Unique resources | Core competencies |
| * Tangible | ||
| * Intangible |
A resource analysis considers how your resources are managed, deployed, and used.
What are the two levels of competencies?
The two levels are
- Firstly, the threshold level is about your business survival. To keep things going and in working order.
- Secondly, Competitive is about your business USPs. Being a market leader. Driving your business forward to your level of success.
Resources are required to operate at a level. On the other hand, competencies are needed. This is skills, experiences and abilities to use those resources. For example, there no point having a good reputation if it is not exploited effectively.
Conclusion
Moreover, this blog-video on Resource Analysis helps inform, inspire and educate you to get closer to your numbers. Above all you improve your financial understanding and well-being. In addition, you make more profit, save tax and time, and your money mindset. How wonderful is that?
Get in touch with us to get help you with Resource Analysis for your business. We are here to make your life easier and stress free.
Contact us if you need help figuring out and sorting your financial and cash flow planning; your tax , payroll and other accounting and business matters. Lots of ways of getting business and finance , news, advice and tips. For example, subscribe and watch our weekly videos on I Hate Numbers. Listen to our weekly podcast I Hate Numbers.