Strategy involves identifying resources from "summary" of How to Think Strategically by Greg Githens
To develop a successful strategy, one must first identify the resources available. Resources can include tangible assets such as equipment, facilities, and financial capital, as well as intangible assets such as knowledge, skills, and networks. Understanding the resources at one's disposal is essential for making informed decisions about how to allocate them effectively.
Identifying resources also involves recognizing any constraints or limitations that may impact the strategy. For example, limited financial resources may require a more conservative approach, while abundant human capital may present opportunities for innovation and growth. By taking stock of both the assets and limitations within an organization, one can develop a strategy that is realistic and achievable.
In addition to internal reso...
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