The resource bank

Why?

The Resource Bank is an evaluation method that connects the resource side of a firm or a team with the process of idea implementation, in order to provide an overview of the resources necessary to carry out an idea. Thus, the students use this method in order to evaluate whether they possess the necessary resources for implementing their ideas, and take advantage of the opportunities for obtaining any missing resources.

How?

The students fill out the Resource Bank template as illustrated below in order to get an overview of the resources necessary to carry out the implementation of their ideas. Based on this exercise, the students determine the feasibility of their idea.

Tips

The students can also use the method to make a comparative analysis of different ideas based on their resource feasibility. Thus, based on a comparison of the resource feasibility of their ideas, the students make a selection of their most feasible ideas.

Literature

Wernerfelt, B. (1984). A resource-based view of the firm. Strategic management journal, 5(2), 171-180.