In the resource-based view, the two most important features of organizations are specificity of goals, and formalized structures to conduct the flow of performance activity.

FORBES: HR Analytics And Competitive Advantage

An advantage of the resource-based view is its clear analytical framework, where human capital is understood as having four important characteristics: it is valuable, scarce, not easily imitated, and lacks substitutability.

FORBES: HR Analytics And Competitive Advantage

Typically located under the dashboard, auto technicians and insurance companies such as Progressive use it to access selected data, but no one has taken a big picture view of this significant resource.

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This expectation is driven by our view that slowing demand will ease resource and capacity constraints.

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Citi stock remains 90% below its pre-crisis level (or 50% lower after adjusting for its increase in share count) and, in our view, reflects the failure of resource allocation, oversight and management that stretches back to the formation of the company in its current form in 1998.

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Furthermore, from the point of view of the global economy, labour is a resource, like land or oil.

ECONOMIST: World economy

In this view, human capital is treated as an accumulative resource that benefits the organization like any other business asset, providing competitive advantage through a transformation of the unique capabilities of individual employees to superior organizational performance.

FORBES: HR Analytics And Competitive Advantage