Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
According to the article, what are the four empirical indicators of the potential of firm resources to generate sustained competitive advantage?
According to the article, what are the four empirical indicators of the potential of firm resources to generate sustained competitive advantage?
- Worth, rarity, imitability, and substitutability
- Worth, scarcity, imitability, and similarity
- Value, scarcity, imitability, and similarity
- Value, rarity, imitability, and substitutability (correct)
What is the main focus of research in strategic management according to the article?
What is the main focus of research in strategic management according to the article?
- Analyzing firm resources
- Exploring differences in firm resources
- Examining potential business disciplines
- Understanding sources of sustained competitive advantage (correct)
What are the assumptions made in the article about strategic resources?
What are the assumptions made in the article about strategic resources?
- They are homogeneously distributed across firms and dynamic over time
- They are homogeneously distributed across firms and stable over time
- They are heterogeneously distributed across firms and dynamic over time
- They are heterogeneously distributed across firms and stable over time (correct)
What is the potential of firm resources to generate sustained competitive advantage dependent on?
What is the potential of firm resources to generate sustained competitive advantage dependent on?
Signup and view all the answers
What does the article suggest about the firm resource model of sustained competitive advantage?
What does the article suggest about the firm resource model of sustained competitive advantage?
Signup and view all the answers
Flashcards are hidden until you start studying
