Title :
Mechanics Analogical Analysis of Resource and Capability Relationship and Its Strategic Implication for Firm Capability Evolution
Author :
Du Shi-hai ; Jiang Wen-sheng
Author_Institution :
Sch. of Econ. & Manage., Beijing JiaoTong Univ.
Abstract :
Noticing the difficulty in distinguishing capability from resource, the ambiguity of capability definition, the complexity of capability character and classification and so on issues in former researches, this paper makes a analogical analysis of capability and resource relationship compared with the force and object relationship in mechanics, so as to make a clear understanding of capability nature which is the basis for solving the above issues and for further capability research. Based on the mechanics analyses, this paper considers that capability (force) is a kind of process vector describing the action it done on resource (object), while human resource is the carrier of capability; knowledge resource is the raw material for creating capability; physical, technical, financial and so on other resources are the object which capability acts on. From this perspective, we analyses the mutual action between resource and capability and put forward a thought of strategy formulation aiming at capability evolution
Keywords :
financial management; human resource management; organisational aspects; strategic planning; analogical analysis; financial resources; firm capability evolution; force-object relationship; human resources; knowledge resources; mechanics analysis; physical resources; process vector; resource-capability relationship; strategic implication; technical resources; Costs; Forward contracts; Humans; Logic; Machinery; Raw materials; Resource management; Technological innovation; Capability; Evolution; Mechanics; Relationship; Resource; Strategy;
Conference_Titel :
Management Science and Engineering, 2006. ICMSE '06. 2006 International Conference on
Conference_Location :
Lille
Print_ISBN :
7-5603-2355-3
DOI :
10.1109/ICMSE.2006.313964