What Is 'Resource Implications'?


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Ellie Hoe Profile
Ellie Hoe answered
Organizations compete with each other in the industries on the basis of access of the resources in the business environment. An organization which possesses a quality human resource can achieve competitive advantage over other organizations which do not have access to the quality human resource. Similarly resources such as financial resources, access to raw material, relationship between suppliers and distributors etc play an important role in providing firms competitive advantage over other firms. Any problem in getting access to any of the resource can cause adverse implications to the firm and hence cause firm losing its market share in the industry.

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