resource-based

Relying on commodities

Resource-based describes systems, economies, or approaches organized around the control, allocation, or exploitation of resources—whether natural, financial, or human.

A resource-based economy depends heavily on extracting raw materials like oil or minerals.

In business strategy, resource-based theory explains competitive advantage through a firm's unique assets and capabilities rather than market position.

economic

extraction

Act of removing

exports · GDP · wealth · dependence · exploitation · revenues · oil-rich · mineral · curse · abundance

strategic

capabilities

Powers to perform tasks

  • assetsOwned items of value
  • firmSolid or resolute
  • leverageBorrowed capital for amplified returns

allocation · scarcity · positioning · differentiation · intangible · capital · organizational · proprietary · bundling · deployment

environmental

sustainable

Able to endure long-term

stewardship · biodiversity · land-use · watershed · habitat · forestry · fisheries · degradation · regenerative · preservation

industrial

manufacturing

Industrial product creation

forestry · lumber · pulp · refining · smelting · downstream · upstream · supply-chain · feedstock · byproducts

educational

curriculum

Educational program's content plan

pedagogy · differentiated · scaffolding · multimedia · digital · classroom · student-centered · assessment · literacy · intervention

Opposites
economic value source

resource-basedservice-oriented

Focused on helping others

knowledge-based · knowledge economy · service economy · labor-intensive · digital

economic development model

resource-basedknowledge economy

System valuing expertise over manufacturing

service economy · post-industrial · industrialized

source of competitive advantage

resource-basedcompetency-based

Evaluated by demonstrated abilities

customer-centric

Family

resource, based, base, resources, resourceful, resourcefulness, resourceless, resourcing, basing

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Abstract · Everyday, not technical · Rated G