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Strategic Planning

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Discuss the following statement: All resources and competencies are important but some are more important than others.

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The write up gives a learned discussion on strategic planning.

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There are some resources and competencies that are important but some are more important than others. Those competencies that are very important for gaining competitive advantage are called core competencies.

The resources and competencies related to a particular firm. The firm operates in an environment and some resources and competencies are more important in that environment. For instance, if one firm operates in an environment where the legal requirements are very high and compliance is difficult, then the firm that has special legal competencies is better likely to survive. Similarly, if the business environment of the company is such that technological innovation is the ...

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