The workplace learning is also important and this model must be examined in detail. The organizations performing on resource-based models have differentiated that enables them to take over their competitors.
The continued competitive advantage with the added emphasis is accomplished not via external market analysis of the firm but also via meticulous capabilities and skills analysis by which such characteristics are enhanced that competitors mostly copy. The SWOT analysis is based on exploiting the strengths internally and also neutralizing the weaknesses posed internally. The resource-based approach also exploits the differentiated competencies of work organization and is divided into tangible (technological, physical, human, and financial) and also intangible resources (reputation, brand-name, and know-how) resources. These competencies must be valuable and unique. By capacities, we mean the collective skills by the firm to organize the coordination of resources and also the comprehension which drives a distinctive competency. The integrative model combines the Control-based model and Resource-based Model into an integrative model. One model concentrates on the strategy relying on the managerial control and the other one on efforts for rewards and exchange. Competences and Human Resources Empowerment in a Market Driven Company.
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