Resources and capabilities - Distinctive resources and capabilities as a basis of competitive advantage
5 important questions on Resources and capabilities - Distinctive resources and capabilities as a basis of competitive advantage
What are the 4 key criteria by which resources and capabilities can be assessed in terms of providing a basis for achieving competitive advantage?
- Value
- Rarity
- Inimitability
- Organisational support
What are rare resources?
What are inimitable resources and capabilities?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
What are the 3 criteria for inimitability?
- Complexity - internal or external linkages.
- Culture and history - taken-for-granted activities or path dependency
- Causal ambiguity - characteristic or linkage ambiguity
What does organisational support mean in VRIO?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
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