Project Managment Essay Example | Topics and Well Written Essays - 500 words

Project Managment - Essay ExampleResource-based view is a main contributor to a heartys competitive advantage. It implies the use of both tangible and intangible resources of the plastered, so as to gain attributes that let it outperform its competitors (Shrivastava, 1994).Resource-based view (RBV) is a major determining(prenominal) during the selection a slosheds location. These resources include the squares assets, management skills, organisational processes and routines, and the information and knowledge it controls. To begin, the human resource is important for a firms success as it encourages convergence and interaction of operations strategy and human resource issue (Thornhill & Amit, 2003). The economics and finance of a firm mostly depend on RBV. A firms return is hoisted depending on the resources at its disposal. Thus, in selecting a location, the firm should consider the possibility of positive returns in its new location, and this, however, may be hindered by the fi rms heterogeneity (Barney 2001, 638). RBV is entirely, as well, a vital tool in expanding research and entrepreneurial developments in a firm. Through the entrepreneurial process of understanding market opportunities, and the coordination of innovativeness and knowledge in the firm, the firms inputs can be easily translated to heterogeneous returns. Thus, the firm gains a competitive advantage over its competitors (Barney, 2001, 639)The selection of a new location for a firm is supposed to be based on early(a) factors like marketing and guest preferences. Changing to a new location may alter the utilisation of RBV resources, and this may have the effect of either customer value creation or depreciation. Thus, RBV plays a big role in the determination of a new location for a firm. It may lead to a heterogeneous output for the firm if all the RBV resources are utilized with a prior market analysis (Belderbos et al., 2008)The design role in any firm