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Definition
| A leading perceptive in global business that posits that firm performance is fundamentally driven by firm-specific resources |
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| The tangible and intangible assets as well as human resources that a firm uses to choose and implement its strategies |
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| Firm-specific abilities to use resources to achieve organisational objectives |
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| Assets that are observable and easily quantified |
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| Assets that are hard to observe and difficult( or sometimes impossible) to quantify |
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| Resources embedded in individuals working in an organisation. |
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| Employees' shared values, traditions and social norms within an organisation |
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| A chain of activities vertically related in the production of goods and services |
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Definition
| The resource-based framework that focus on the value creation,rarity,imitability and organisational aspect of resources |
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Definition
| The difficulty of identifying the casual determinants of successful firm performance. |
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| The socially complex way of organising typical of many firm |
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| The ability of the firm to appropriate the values for itself |
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Definition
| An examination of resources to perform a particular activity compared against competitors |
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Definition
| Turning over an organisational activity to an outside supplier that will perform it on behalf of the firm. |
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| Move an activity to a location abroad |
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| Outsourcing to another firm doing the activity abroad |
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| Outsourcing to a firm in the same country |
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| Setting up subsidiaries abroad- the work done in-house but the location is foreign |
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| Offshore to a nearby location eg. within EU |
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| Original equipment manufacturer(OEM) |
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Definition
| A firm that executes the designs blueprints provided by other firms and manufactures such products |
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| Original design manufacturers(ODM) |
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Definition
| A firm that both designs and manufactures products |
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| Original brand manufacturers(OBM) |
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Definition
| A firm that designs, manufactures and market branded products |
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