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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?
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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?
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