What's the Difference Between a Resource and a Capability

question 20

Multiple Choice

What's the difference between a resource and a capability?

• A)A resource is a productive asset of the firm whereas a capability refers to what the firm can do
• B)A resource is an immobile asset whereas a capability is a dynamic concept.
• C)A resource is a weak source of competitive advantage whereas a capability is a strong one
• D)It is very difficult to elucidate.

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Definitions:

Merit Pay Raises

Increases in salary given to employees based on their performance, often determined through evaluations and assessments.

Performance Goals

Specific, measurable objectives set to evaluate the effectiveness of employees or company processes.

Incentive Plans

Programs designed by employers to motivate and reward employees for exceeding work performance goals.

Performance Standards

The established expectations, metrics, or benchmarks used to measure and assess an individual's or organization’s performance in specific areas.