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Rural entrepreneurship in Wales
Rural entrepreneurship in Wales

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4 Capabilities and resources

Learning outcomes

At the end of this section you will be able to:

  • state the inputs – outputs transformation model
  • compare and contrast capabilities and resources that a firm can easily buy and those it must develop over time, and are thus difficult to imitate
  • state the likely resources and capabilities required for your new business and understand where the gaps are likely to occur
  • complete a strengths, weaknesses, opportunities and threats (SWOT) analysis.