Task: To fully prepare for a presentation on your company's new social networking site, you must know what strategic resources are necessary to obtain. You should prepare a memo for your boss outlining the key resources and explaining their linkage to competitiveness.
You must address the following in your memo:
Q1. Discuss the role of resources and capabilities in strategy formulation.
Q2. Research and discuss the key resources of a social networking Web site.
Q3. Explain how the key resources are linked to competitiveness.
Q4. Discuss the steps associated with putting resources and capabilities to work.
Q5. Research one other social networking Web site or company, and explain its key resources.
Q6. Explain to the vice president what strategy recommendations the company should offer before implementing the social networking Web site.