Firm Resources and Competitive Advantage
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Value, rarity, imitability, and substitutability</p> Signup and view all the answers

    What does the article suggest about the firm resource model of sustained competitive advantage?

    <p>It has implications for other business disciplines</p> Signup and view all the answers

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