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Discuss the role of internal resources, capabilities, and organizational structure in accounting

Discuss the role of internal resources, capabilities, and organizational structure in accounting

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Because it gives managers the ability to formulate a tailored strategy for their company according to the resources, capabilities, and activities available to address external issues for the firm. By using internal analysis tools such as VRIO and activity systems, managers can gain the insight of evaluating a firm’s current situation and seek to update the firm’s strategic fit with the environment.

Organizational capabilities are complex bundles of skills and accumulated knowledge, exercised through organizational processes, that enables firms to coordinate activities and make use of their assets. Identifying an organization’s distinctive capabilities (competencies) is a vital part of market-driven strategy. An organization’s capabilities are not a particular business function, asset, or individual, and instead, consist of core processes of the organization. Organizational capabilities and organizational processes are closely related. It is the capability that enables the activities in a business process to be carried out.

The premise of capabilities is concentrating business operations on what it does best. Management needs to determine those capabilities that are capable of providing superior customer value and are difficult for competitors to duplicate.

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