Share these talks and lectures with your colleagues
Invite colleaguesWe noted you are experiencing viewing problems
-
Check with your IT department that JWPlatform, JWPlayer and Amazon AWS & CloudFront are not being blocked by your network. The relevant domains are *.jwplatform.com, *.jwpsrv.com, *.jwpcdn.com, jwpltx.com, jwpsrv.a.ssl.fastly.net, *.amazonaws.com and *.cloudfront.net. The relevant ports are 80 and 443.
-
Check the following talk links to see which ones work correctly:
Auto Mode
HTTP Progressive Download Send us your results from the above test links at access@hstalks.com and we will contact you with further advice on troubleshooting your viewing problems. -
No luck yet? More tips for troubleshooting viewing issues
-
Contact HST Support access@hstalks.com
-
Please review our troubleshooting guide for tips and advice on resolving your viewing problems.
-
For additional help, please don't hesitate to contact HST support access@hstalks.com
We hope you have enjoyed this limited-length demo
This is a limited length demo talk; you may
login or
review methods of
obtaining more access.
- View The Talks
-
1. What is strategic management?
- Prof. Dave Ketchen
-
2. How to articulate uniqueness and measure success
- Prof. Jeremy Short
-
3. What makes an industry profitable?
- Prof. Dave Ketchen
-
4. How do firms differ in their use of scarce resources?
- Prof. Jeremy Short
-
5. How should a firm compete in an industry?
- Prof. Dave Ketchen
-
6. What are common competitive actions?
- Prof. Jeremy Short
-
7. What determines success in international markets?
- Prof. Dave Ketchen
-
8. What are common corporate level growth strategies?
- Prof. Jeremy Short
-
9. Creating an effective organizational structure
- Prof. Dave Ketchen
-
10. What roles do boards of directors play?
- Prof. Jeremy Short
Printable Handouts
Navigable Slide Index
This material is restricted to subscribers.
Topics Covered
- Patents
- Copyright
- Trademarks
- Trade secrets
- Value Chain Framework
- Resource-Based View Framework
Links
Series:
Categories:
Talk Citation
Short, J. (2023, February 28). How do firms differ in their use of scarce resources? [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved December 5, 2024, from https://doi.org/10.69645/MZUX2145.Export Citation (RIS)
Publication History
Transcript
Please wait while the transcript is being prepared...
0:00
Hello, I'm Jeremy Short,
the G. Brint Ryan Chair
in Entrepreneurship and
Professor of Management at
the University of North Texas
and I'm here to talk
about how do firms
differ in their use
of scarce resources?
0:16
One of the concepts
I always like to
think about in this subject of
managing resources is the
idea of famous fine artists.
For example, you might have
seen the famous picture
of Andy Warhol's
Campbell's tomato soup.
Recently one of those paintings,
one of those prints
sold for $12 million.
Some of his other work recently
has sold for over $70 million.
But the basic resources,
are paint, the creativity
of the artist,
the subject, and the art world
is one that's very
chaotic, very high risk.
We also think of many
starving artists.
In the same way that
I'm fascinated by this,
I really find it
interesting to think about
the resources organizations use
to put together their firms,
to put together
their corporations,
and try to differentiate
themselves from
their competitors.
Much like an artist tries to
differentiate their work
from that of others.
1:13
There are two basic
types of resources
intangible resources
and tangible resources.
Tangible resources include items
that can be touched
and quantified.
Cash, assets, the
physical buildings,
the brick and mortar,
as folks will call it, an
expression about things that
exist that are part
of the corporation.
Intangible resources
are much more ethereal.
Things like the
corporation's culture.
It's important that
organizations manage
both tangible and
intangible resources.