resources must be valuable such that they help
firms increase efficiency or enhance buyers’
willingness to pay premium prices,
resources need to be sufficiently rare so that they
are not readily available to competitors,
resources must not be easy for competitors to
imitate or substitute.
Resources that satisfy these criteria are called
‘strategic resources’ (Chi, 1994).
It is important in the resource based view of the
firm to define resources which, with the Barney's
(2001) approach, include all the assets, abilities,
organizational processes, characteristics, information
and knowledge controlled by the enterprise and
allowing for implementation of the strategies and
increasing the efficiency. When selecting the
strategy of competition, the enterprise does not have
to analyse the competitive position in detail with
respect to the sector it operates in. More important
thing is to manage their resources in order to
develop the distinguishing abilities and key
competencies. Other important factors are abilities to
integrate, create and reconfigure the resources (Wu,
2010).
The resource-based theory is a mixed internal-
external approach. First of all, it concentrates on the
internal resources in the enterprise and then analyses
the enterprise's environment, including the
opportunities for acquisition of the resources from
the environment.
Resources and skills reconfigured into key
competencies translated into the competitive
advantage of the enterprise (Hamel, Prahalad, 1990).
2.2 Typologies of Enterprise Resources
There is no single generally accepted classification
of resources which has been adopted in the area of
management. Resources have always been an
important element in enterprise's operation and this
problem has been often considered in the literature.
From the historical perspective, the most important
resources were those material. Kraljic (1983)
distinguished the following types of material
resources: strategic items,
bottleneck items, leverage
items, noncritical items.
From the strategic viewpoint, it is also essential
to distinguish (Ghemawat, delSol, 1998):
resources which are specific for the enterprise and
for application (are inflexible and the costs
connected with withdrawing them are very high,
e.g. changing the brand),
resources which are non-specific (are inflexible,
easy to be replaced without extraordinary costs)
A division of the resources which has often been
emphasized in the literature is division into tangible
and intangible resources (Hall, 1993); (de Wit and
Meyer, 2007). The tangible resources include land,
buildings, materials or cash. The intangible
resources are further subdivided into relational
(relations and reputation) and competences
(knowledge, abilities and attitudes).
The classification presented in Table 1 is one of
the most transparent and comprehensive approaches
to the diversity of resources in enterprises.
Table 1: Classification of resources for the business model
concept.
Type of
resources
Examples
Physical
geographic location, land, real estates,
machinery, equipments, raw material
reserves
Financial
external funds, internal funds, other
financial instruments
Legal
agreements, patents, licenses, copyrights,
registered designs, trade secrets,
trademarks
Relational
relationships inside the firm, supplier
relationships, customer relationships,
competitor relationship, external partiers
relationships
Human
personal networks, individual experience,
education, personal attributes
Organizational
culture, structure, routines, brand,
processes, reputation
Informational
industrial information, customer
information, supplier information,
internal information, product information
Source: (Seppänen, 2009)
One specific resource in enterprises is the
knowledge. In the nineties of the 20th century, the
concepts started to permeate business that promoted
the role of knowledge in formation of competitive
advantage. Knowledge causes that the resources
allow an organization to create value.
The utilization of all the types of resources
throughout the growth of the enterprise is important
and depends on the concrete conditions. The most
important factor in the dynamically changing
environment of enterprises might be the ability of
efficient implementation of the process of
acquisition of the resources in the enterprise.
2.3 The Concepts of Resources
Acquisition in Enterprises
In terms of trade, acquisition of resources has been
known since the dawn of civilization (barter,
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