Organisation - A social arrangement for achieving controlled performance towards goals that create value.
Tangible Resources - The physical assets of an organisation such as plant, people and finance.
Intangible Resources - Non-physical assets such as information, reputation and knowledge.
Competences - The skills and abilities which an organisation uses to deploy resources effectively.
Value - Added to the resources when they are transformed into goods or services that are worth more than their original cost plus the cost of transformation.
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