What are resources and capabilities? What is the difference between the two? What does it mean for a resource or capability to be valuable, rare, inimitable, nonsubstitutable, or exploitable?

DISCUSSION QUESTION

Answer the following questions bellow with the provided c

What are resources and capabilities? What is the difference between the two?

What does it mean for a resource or capability to be valuable, rare, inimitable, nonsubstitutable, or exploitable?

Conduct research on two companies that have recently been in the news. Make a list of their core competences. Pick a resource or capability for each one of these companies and apply the VRINE Model. Explain your reasoning (you can make some assumptions about the resource or capabilities you pick, but you should first make an attempt to understand the company as much you can. Please do not use the examples in the textbook).