Resources And Capabilities Of Rio Tinto

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Resources and Capabilities of Rio Tinto Resources of a company are very much important for the continuous well-growth of the profit and performance of the company. Resources of a company can be tangible or intangible resources as well. There are several resources of Rio Tinto that can be the catalyst for the improvement of the company. The first resources that the company own is the financial resources. Financial resources are the ability of the company to borrow or the ability to generate funds through operations of the company. For Rio Tinto, the company has done several ways to improve the financial resources. Referring to the Annual Report of 2016, the Chief Executive of Rio Tinto,J.S Jacques said that the company has generated net cash…show more content…
The employees are also exposed to build and maintain strong partnerships via value chain. This will aid the workforce to maximize value from assets and to explore new opportunity. This is listed down under the strategy focus of 4P’s (portfolio, performance, people and partners). (Performance with purpose, 2017). The appointment of two executives on the management team had boosted the performance of employees and partnership capabilities. This had been done under the leadership of Chief Executive J-S Jacques. Moreover, cost reduction and also improvisation on effectiveness done by Hugo Bague, Rio Tinto Executive Committee member so that company can increase the capacity on financial…show more content…
Rio Tinto had advanced marketing capabilities. Rio Tinto had favorable relationships with the British Government when it entered to uranium development in the middle of 1950. The marketers have good relationships with Rio Tinto due to the good way negotiation style of the company. The company has strong bargaining power and also good relationships with the governments. Rio Tinto approached the private sectors too to collaborate on mining with them. (Sugawara, 2012). Rio Tinto realized that matching the Ores to the right buyers is one of the marketing skills of the
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