Well-resourced
Describing an entity, individual, or project possessing a plentiful and readily available supply of the necessary materials, funds, personnel, or information needed to achieve its goals. This implies a significant level of preparedness and the ability to effectively allocate resources to meet demands, overcome challenges, and potentially outperform competitors or counterparts. A well-resourced entity has an advantage in its ability to operate efficiently, innovate, and sustain itself over time. The availability of resources allows for flexibility and responsiveness to changing circumstances, fostering resilience and long-term success. It encompasses not only financial capital but also human capital, infrastructural support, and access to critical data and knowledge.
Well-resourced meaning with examples
- The research team, being well-resourced, had access to cutting-edge laboratory equipment, a dedicated budget for data acquisition, and a highly skilled team of scientists, leading to faster and more impactful discoveries. They were able to experiment and build up knowledge and evidence with fewer constraints than other teams. The project ultimately exceeded all initial objectives.
- Despite the global economic downturn, the non-profit organization remained well-resourced. A large endowment, a diverse donor base, and a dedicated fundraising team ensured financial stability. They continued to provide vital services to vulnerable populations, expanding their reach and influence even in the most challenging times, further securing themselves.
- The new company entered the market well-resourced. They had significant venture capital backing, a talented engineering team, and access to premium manufacturing facilities. This gave them a strategic advantage to produce a high-quality product on a large scale, capture market share, and quickly displace rivals. Their competition struggled to keep up.
- The school district, now well-resourced thanks to a recent state grant, was able to improve its outdated infrastructure. They installed new computers in every classroom and expanded the library, which was a massive improvement. They were also able to hire more teachers and provide professional development opportunities. All this led to increased student achievement.
- Having secured a well-resourced legal team, the defendant was confident in their ability to mount a strong defense. They could afford expert witnesses, extensive research, and a team of experienced lawyers. This dramatically improved their chances of a favorable outcome, and gave them significant negotiating leverage.