I’m working on a business writing question and need an explanation and answer to help me learn.
The Internal Environment – Chapter 4 of Mastering Strategic Management and Peloton article
1. What are the four key characteristics that a strategic resource may have? What is the difference between a strategic resource and an important resource? Give an example of a strategic resource and an important resource (refer to the Peloton article).
2. What type of advantage does a strategic resource provide? Does that advantage change if the resource has three instead of four of the key characteristics? Explain.
3. What is the difference between a resource and a capability? What is a dynamic capability? Give an example of a capability (refer to Peloton article).
4. Does Peloton have a competitive advantage? If so, is it a temporary or a sustained competitive advantage, and has it changed over time? Explain.