As a strategist, you need to look at what resources you have at your disposal. You need to understand how the collection of skills, knowledge, tangible and intangible property can provide strategic capabilities. And you need to see creatively how these competencies create opportunities or can be used to pursue opportunities.
Core competencies and resource-based view
The triangle vertices are labelled as follows. Apex, understanding external environment. Left vertex, understanding competitive dynamics. Right vertex, understanding internal dynamics. A circle labelled core competencies ...
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