Strategic Resources

Definition: Strategic Resources are assets, capabilities, processes, information, and knowledge that are controlled by a firm and can be deployed to achieve its strategic goals (Barney). The term resources refers to the tangible (e.g., capital, facilities) and intangible (e.g., brand reputation, culture) assets that firms use to implement and execute their strategies effectively (Grant).
Strategic resources can be broadly divided into:
- Tangible Resources (Physical and Financial Assets)
- Intangible Resources (Non-Physical, Intangible Assets)
- Human Resources (People & Expertise)

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