Examples of a key resource and resource classification

Key activities and resources

All activities are important. If even one of them is missing, the delivery of products/services and the very survival of the business is called into question. However, only one or a few of them are crucial for business.

Key activities are those that give us a competitive advantage in the market. Those that affect the fact that we sell to the customer more easily than the competition.

A key resource is a resource that gives us a competitive advantage in the market.

Here is a simple help. Try completing the following statement:

Anyone can do this: ……………………………………………………., but few can (or no one can) this: ……………………………………………………. and that's why customers prefer to buy from us.

Resource classification

There are various classifications of resources. We suggest this:

Material (such as production equipment, computers, vehicles, buildings, furniture...)
Financially
Human
Intellectual (know-how, technologies, licenses, patents, copyrights, registered trademarks...)

Based on availability:

Internal (available within the company)
External (we procure them outside the company)

Based on strategic importance:

Key resources