Evaluating a firm's internal capabilities
5 important questions on Evaluating a firm's internal capabilities
What is resource heterogenity?
different firms may possess different bundles of
resources and capabilities, even if they are competing in the same industry.
What is resource immobility?
some of these resource and capability differences among firms may
be long lasting because it may be very costly for firms without certain resources and capabilities to develop or acquire them.
What are resources that are imperfectly imitable?
if firms that do not possess them face a cost disadvantage
in obtaining or developing them, compared to firms that already possess them
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What are 3 reasons for a firm not to respond to another's firm competitive advantage?
- It's own competitive advantage
- it does not have the resources and capabilities to do so
- trying to reduce rivalry in the industry
What is tactic collusion?
Any actions a firm takes that have
the effect of reducing the level of rivalry in an industry and that also do not require
firms in an industry to directly communicate or negotiate with each other
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
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