So the intangible resource is more important than tangible resource. Land is any piece of property or any premises that is used by the business to carry on production. It includes plants & machinery, tools & equipment, furniture & fixtures, building, vehicles, land, computers, building, etc. Microsoft ranks as number 47 in the Fortune 500 (Microsoft Company Capsule, 2003). ... Role … Define capabilities and discuss how they are developed. Microsoft’s technological resources include its research capacity and intellectual property portfolio. As long as that individual provides service to the organization, they are considered as labor. ... Material or tangible resources are direct, i.e., freely bestowed by nature. As an important part of the system of non-verbal behavior, sign gestures can reflect the social and cultural characteristics as language. These types of business resources are crucial and are important to have for your business in order for it to succeed. The intangible resource also can make the company’s tangible resource be best, and how to control the tangible resource. While unskilled labor might be appropriate for manual operations, highly skilled labor is necessary to operate sophisticated machines that generate precision output. This study investigated the influence of tangible and intangible resources on the performance of public secondary schools in Bondo District. Many businesses have a competitive advantage and survive by just excelling in brand image, such as McDonald’s golden arches, or by protecting important intellectual property, such as a patent for new technology. Corporation acquires such assets in order to carry out business operations smoothly and not for the purpose of sale. Location and Size: Microsoft’s “palatial” corporate headquarters (Microsoft Company Scoop) in Washington account for almost 8.4 million square feet, and the company has additional locations throughout the United States and the world, totaling almost 17 million square feet (Microsoft Annual Report, 2002). *You can also browse our support articles here >. For the technology company is important resource, because they are business need it. One of the main differences between a tangible asset and an intangible asset is that a tangible asset can be seen and felt while intangible assets can’t. While this is perhaps a natural by-product of the role of intranets within organisations, intranet teams can do much to increase their level of recognition (and therefore their budget and resources). The different technology company have same tangible and intangible resource. Understanding intangible and tangible assets is important because it can keep track of the properties of a company. Additionally, Fortune ranks Microsoft as the number three most admired company in the world (Microsoft Company Capsule, 2003). Non-material or intangible resources are cultivated by human beings with the help of increasing knowledge. Technology can refer to tangible resources used by the company such as computers, servers or telephones, or as an intangible resource if the company is focused on innovation and improvement of technology, so in the fast paced technology market the intangible and tangible resource are very important. The role played by human resources within an organization. They need much information to make their plan. 4. Tangible assets are typically physical assets or property owned by a company, such as computer equipment. 2 and 6) Additionally, 22,418 Microsoft employees, or 41.5 percent, are employed in research and development functions, showing dedication on the part of Microsoft to this important facet of their strategy (Fast Facts, 2003). 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