Which of the following is not true of a resource-based view of a firm?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
icon
Concept explainers
Topic Video
Question
Which of the following is not true of a resource-based view of a firm?
It asserts that a firm's competitive advantages are due to their respective
endowment of strategic resources that are valuable, rare, costly to imitate, and
costly to substitute.
O It does not integrate internal and external perspectives.
It includes an internal analysis of phenomengwithin a company, and an external
analysis of the industry, and its competitive environment.
It does not evaluate a firm's resources in terms of how difficult it would be for a
competitor to duplicate them.
Transcribed Image Text:Which of the following is not true of a resource-based view of a firm? It asserts that a firm's competitive advantages are due to their respective endowment of strategic resources that are valuable, rare, costly to imitate, and costly to substitute. O It does not integrate internal and external perspectives. It includes an internal analysis of phenomengwithin a company, and an external analysis of the industry, and its competitive environment. It does not evaluate a firm's resources in terms of how difficult it would be for a competitor to duplicate them.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Inventory management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON