Four types of production resources

Introduction Aristotle was not the first person to engage in a causal investigation of the world around us.

Four types of production resources

Every business model requires them, and it is only through them that companies generate Value Propositions and Revenues. Key resources can be physical, financial, intellectual, or human. A microchip manufacturer needs capital-intensive production facilities, whereas a microchip designer depends more on human resources.

Key resources can be owned or leased by the company, or acquired from key partners. Key Resources can be categorized as follows: Physical Physical assets such as manufacturing facilities, buildings, vehicles, machines, systems, point-of-sales systems, and distribution networks come into this category.

Large retailers like Wal-Mart and Amazon. Intellectual Under intellectual resources come brands, proprietary knowledge, patents and copyrights, partnerships, and customer databases. All are increasingly important components of a strong business model.

Intellectual resources take time to engender and develop. Consumer goods companies like Nike and Sony rely heavily on their brands. Microsoft and Adobe depend on software and related intellectual property that is continually being developed.

Qualcomm, a supplier of chipsets for broadband mobile devices, built its business model around patented microchip designs that now earn the company substantial licensing fees.

Human All enterprises need human resources, but those resources are particularly prominent in knowledge-intensive and creative industries. A pharmaceutical company relied heavily on human resources: Ericsson, the telecom manufacturer, will opt to borrow funds from banks and capital markets, for example, using those funds to provide vendor financing that in turn ensures orders are placed with Ericsson rather than with the competition.

Relevant Case Studies Google used customer data collected from search engines and its Analytics program to develop its Ad service. GlaxoSmithKline monetized unused internal assets as a patents pool on neglected tropical diseases.

Amazon developed sophisticated technology which it then offered in cloud services. Skype employed largely free resources to undercut telecom prices.

Four types of production resources

EasyDiagnosis employed its medical knowledge to create an online medical diagnosis expert system. Aurora Health Care analyzed its medical records with business intelligence systems to offer a superior service.

What are key resources? Name the four types of key resources. Briefly describe three case studies illustrating the importance of key resources.

What happens when key resources are not properly matched? What key resources are used in selling content? Sources and Further Reading Need the references and resources for further study? It includes extensive 3, references, plus text, tables and illustrations you can copy, and is formatted to provide comfortable sequential reading on screens as small as 7 inches.The Praxis Study Companion 2 Welcome to the Praxis Study Companion Welcome to The Praxis®Study Companion Prepare to Show What You Know You have been working to acquire the knowledge and skills you need for your teaching career.

Jun 25,  · The following are the four basic types of economics resources: Land – natural resources such as iron ore, gold, diamonds, oil, etc.

Services By Industry

Labor – human resources such as wage-earning workers; Capital – plants and equipment used in the production of final goods, such as assembly lines, trucks, heavy duty machinery, factories, etc. The economic theory of factors of production encompasses all of the resources and inputs that go into the manufacturing of products.

Apart from direct inputs such as materials and labor, factors. Types of Educational tests. There are many different types of testing that can be done during an evaluations. They can be done by our school system or independently.

Human Capital

The 4 Types of Productive Resources design by Dóri Sirály for Prezi Natural (land)-any natural resource used to produce goods and services-not just land, but anything that comes from the land-Some common land or natural resources are water, oil, natural gas, coal, farms, timber, sunlight, and animals.

Since the advent of the first computer different types and sizes of computers are offering different services. Computers can be as big as occupying a large building and as small as a laptop or a microcontroller in mobile & embedded systems.

The four basic types of computers are as under.

Key Resources in the Business Model