Grant and Jordan's (2015) Four Stages Model to Guide Organizations

Grant and Jordan's (2015) four stages model to guide organizations in their strategy formulation are: stage one is to identify and classify the firm's resources; stage two is to Identify the firm's capabilities; stage three is to appraise the rent-generating potential of resources and capabilities; stage four is to select a strategy which best exploits the firm's resources and capabilities relative to external opportunities.

A) Stage one is to identify and classify the firm's resources.
B) Stage two is to identify the firm's capabilities.
C) Stage three is to select a strategy which best exploits the firm's resources and capabilities relative to external opportunities.
D) Stage four is to appraise the rent-generating potential of resources and capabilities.