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Q: how market commonality and resource similarity impact Apple’s competitive standing in terms of its main rivals.
A: Resources are what make a business run, and allocating organizational resources for business should be done carefully in a competitive environment. [ [ Allocating these resources can be tough, but a business can acquire the resources they need appropriately through careful practice. Some examples of organizational resources are technology, people, and finances. All of these organizational
resources are crucial to the success and growth of a business. Technology is a valuable organizational resource that can come in the form of equipment, programs, and devices. Technology is a resource that will help increase value and productivity of a business if acquired appropriately. People are always a valuable organizational resource, and hard working and knowledgeable employees are a resource that should never be overlooked. Knowledgeable people can make the difference between success and failure, and they must be allocated in a competitive business environment. Finance is another organizational resource that can come from investors, stakeholders, and the business itself. Finance is hard to allocate during a rough economical time, and companies must promise be able to promise value in order to acquire financial resources in business. Organizations should allocate scarce resources in a competitive environment very carefully. Organizations should not waste finances on technology without thinking about the future first because technology is always changing. This organizational resource is something that will be a long term investment and proper researching beforehand will save a lot of time and money in the future. ] ]
Expert answered|AnswerHelp94|Points 280|
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Asked 11/3/2012 4:33:15 PM
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