What are the different types of strategic resources?
Strategic sources relate to the assets of the company that give it some form of leverage or benefits in terms of its business. The advantage of strategic sources could be in the form of its value as a form of a competitive advantage, or it could be in the form of other identified benefits that increase the business profile and provide a springboard that can be used to achieve greater sales and strategic location in the field. These strategic resources are unique to industry, market, and the company considered due to the fact that factors in working in different industries represent different challenges for businesses. Strategic sources could therefore include financial resources available business, human capital that the company has, a business network in terms of its physical presence and achievement in different corners of the world and the existence of an effective offer and distribution of facilites.
LA companies are an important strategic source due to the fact that access to these funds opens the company's door to engage in growth -related activities that include the purchase of new plants and machines, construction projects aimed at fulfilling the company's vision in terms of capital growth and other related factors. This particular strategic source can be obtained through internally generated fund sales, bond issuing or through capital investments. Companies that lack sufficient financing often encounter financial roadblocks in their efforts to expand due to lack of resources that can be carried out with any expansive plans.
Another integration of business strategic sources is the position of star human capital in the form of highly trained and educated staff. The reason why this is such an importstrategic ants source is dueto these growth. This is unlike enterprises that do not have educated and motivated employees who bring their skills and wealth of experience. Business strategic sources also refer to the reach of business or company in terms of its impact in a specific industry or in the global business world. Such an impact can be converted to a form of a strategic source from which the company will benefit.