Disambiguating Resources


Resources are inputs into a firm’s production process, such as capital equipment, the skills of individual employees, patents, finances, and talented managers. In general, a firm’s resources can be classified into three categories: physical, human, and organizational capital. Resources are either tangible or intangible in nature. With increasing effectiveness, the set of resources available to the firm tends to become larger.

Individual resources alone may not yield a competitive advantage. A sophisticated piece of manufacturing equipment may become a strategically relevant resource only when its use is integrated effectively with other aspects of a firm’s operations (such as marketing and the work of employees). In general, it is through the combination and integration of sets of resources that competitive advantages are formed.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

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Build a team that puts enthusiasm first


It makes no difference you do, you need the capable and enthusiast support of other people to reach your goals. To operate your own business, to move ahead in corporate life, to build an athletic team, or to win in politics, requires people to help you. In choosing these people, two qualities are important: ability and attitude.

Ability is important. To develop a great organization requires able people; to have a fine team means talented athletes must be recruited; and to design great buildings needs the contributions of able architects. To achieve any great result requires trained, skilled, and able people. Ability only measures what people can do; ability does not tell us what people will do. There is no multiple choice test that can measure desire or motivation.

Attitude is more important than ability. Invariably, people who made it to the top are at the top of the attitude scale. Ability is important but never as essential as a positive, committed attitude. Ability is only potential power. It has no value until turned on.

Positive people will continue to improve; negative people at best will only hold their own.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please contact www.asifjmir.com, Line of Sight