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“Resources” and “competencies”

1.“Resources” and “competencies” are distinct in terminology and in how businesses leverage each.

What is the difference between a “resource” and a “competency”? (Define each, then explain the differences, Using examples clarifies these things).
Prepare a list of five specific competencies that you possess.
Then, lay out the steps that an organization would follow in acquiring or developing a strategically important competence that it lacks.
(This is probably easier to do if you select a competence that a healthcare organization is likely to have).

  1. Apply the learning outcomes for the week (see below) and lecture concepts to one of the following scenarios:

As applied to your current professional career

As applied to enhancing, improving, or advancing your current professional career

As applied to a management, leadership, or any decision-making position

As applied to a current or future entrepreneurial endeavor

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