Use Resource Based-View (RBV) Analysis for bank of montreal (BMO)

Use Resource Based-View (RBV) Analysis for bank of montreal (BMO)

Resource-Based View Analysis

Tangible Resources

• Physical ,Provides a detailed & comprehensive description & analysis of the Physical Resources inclusive of the tangible Human Resources of the firm.

• Technological ,Provides a detailed & comprehensive description & analysis of the Technological Resources of the firm.

– Intangible Resources

• Human resources,Provides a detailed & comprehensive description & analysis of the intangible Human Resources of the firm.

• Innovation & creativity ,Provides a detailed & comprehensive description & analysis of the Innovation & Creativity Resources of the firm.

• Reputation, Provides a detailed & comprehensive description & analysis of the Reputational Resources of the firm.

(need reference and according to those analysis get a conclusion)

Solution Preview

Bank of Montreal Resources

Resource endowment in any organizational setting is critical to the firm’s achievement of its objectives. The capital and human resource departments help convert the ideas developed by investors in the said firm into tangible outcomes, in the form of profits for the company or observable impacts of the firm on the market. Therefore, conducting a resource analysis of a particular organization would make a significant contribution to understanding the internal capabilities of the business, in effect help in the development of strategies that could ultimately determine the company’s future. The Bank of Montreal is one of the most recognizable banking institutions in Canada, and with such a wide reach, it would be important to understand some of the internal factors that could have influenced the company’s success. In particular, the physical and intangible resources from the company have been critical in helping the bank reach its projected growth, and could even be more critical in ensuring that the bank manages to achieve its vision.

(1,170 words)