All of the following are resources of an organization except
Options:
A. an hourly production employee’s ability to catch subtle quality defects in products.
B. oil drilling rights in a promising region.
C. weak competitors in the industry.
D. a charity’s endowment of $400 million.
The Correct Answer Is:
C. weak competitors in the industry.
Understanding Organizational Resources
Organizations rely on a variety of resources to function effectively and achieve their goals. These resources can be tangible or intangible, and they contribute to the organization’s overall competitive advantage.
In this context, we will analyze the provided options to identify which one does not fit the definition of a resource for an organization.
Correct Answer (Option C): Option C states “weak competitors in the industry.”
This does not qualify as a resource for an organization. Instead, it describes a competitive advantage that the organization might exploit. A weak competitor does not constitute an internal asset or capability that the organization directly controls or utilizes to achieve its objectives.
Rather, it represents an external condition that the organization can leverage to gain a competitive edge.
Explanation of Incorrect Options:
A. An hourly production employee’s ability to catch subtle quality defects in products.
This option represents a valuable human resource within the organization. The skill and attention to detail possessed by the employee contribute directly to the quality of the products, enhancing the organization’s overall performance and competitiveness.
So, an hourly production employee’s ability to catch subtle quality defects in products is not the correct answer.
B. Oil drilling rights in a promising region.
Oil drilling rights represent a tangible asset that the organization owns. This resource provides the potential for significant revenue generation through the extraction and sale of oil. It is a critical element of the organization’s asset base and contributes directly to its financial well-being.
D. A charity’s endowment of $400 million.
An endowment of $400 million is a significant financial resource for the charity. This endowment can be invested, and the returns can be used to fund the charity’s operations, projects, and initiatives. It is a crucial financial asset that enables the charity to carry out its mission effectively.
In conclusion, resources are fundamental components that organizations utilize to achieve their objectives. They can range from tangible assets like drilling rights to intangible assets such as employee skills.
Option C, “weak competitors in the industry,” does not fit the definition of a resource, as it describes an external condition that the organization may exploit for competitive advantage.
The other options (A, B, and D) all represent valuable resources that organizations can leverage to enhance their performance and achieve their goals. It is crucial for organizations to identify, nurture, and effectively manage their resources to maintain a competitive edge in their respective industries.
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MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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