The-definition.com

Definition

Resource Sufficiency

Resource sufficiency is the second area of organizational feasibility analysis is to determine whether the proposed venture has or is capable of obtaining sufficient resources to move forward. The objective is to identify the most important nonfinancial resources and assess whether they are available. An example is a start-up that will require employees with specialized skills. Another key resource sufficiency issue is the ability to obtain intellectual property protection on key aspects of the business.

Share it:  Cite

More from this Section

  • Trade Secret Disputes
    Trade secret disputes arise most frequently when an employee leaves a firm to join a competitor ...
  • Home industries protection argument
    Home industries protection argument is the argument that trade with other nations will ...
  • Elevator speech (or pitch)
    Elevator speech (or pitch)– a brief, carefully constructed statement that outlines the ...
  • Consultant
    Consultant is an individual who gives professional or expert advice. Consultants fall ...
  • Emotional motives
    Emotional motives refer buying reasons that rise from impulse and psychological needs ...